Bank of Hawaii Earnings and Financial Performance

Bank of Hawaii's financial performance has been impressive, with net income increasing by 8.5% in the first quarter of 2022 compared to the same period in 2021.

Their net interest income was $144.6 million, a 10.2% increase from the previous year. This growth can be attributed to their strong loan portfolio and effective interest rate management.

Bank of Hawaii's non-interest income also saw an increase, rising by 6.4% to $63.1 million. This was driven by higher fees and commissions from their consumer and commercial banking businesses.

Their efficiency ratio improved to 54.2%, down from 55.5% in the same quarter last year, indicating their ability to manage costs and maintain profitability.

Bank of Hawaii's net income for the quarter was $83.6 million, a 12% increase from the same period last year.

The bank's net interest income rose to $173.6 million, driven by a 13% increase in average loans and leases.

Net interest margin expanded to 3.59%, up 2 basis points from the prior quarter.

Noninterest income increased 5% to $54.1 million, with a significant contribution from investment securities gains.

Provision for credit losses was $12.6 million, a decrease of $2.5 million from the prior quarter.

Efficiency ratio improved to 55.65%, down from 56.43% in the prior quarter.

The bank's total assets grew to $29.4 billion, up 3% from the same period last year.

Return on average assets was 1.13%, and return on average equity was 10.35%.

Bank of Hawaii's recent earnings report has left investors wondering about the bank's performance. Bank of Hawaii generated $163.2M in revenue last quarter.

The bank's earnings per share (EPS) of $0.85 was a beat of analyst forecast of $0.83 per share, indicating a positive trend.

However, the bank's profitability is not explicitly stated in the report. Analysts are forecasting earnings to grow from $3.46 per share to $3.60 per share next year, representing a 15.07% increase.

This growth is expected to continue, with the next earnings date scheduled for April 22, 2025.