Bank Of Hawaii Corp. Profit Advances In Q4, Beats Estimates

(RTTNews) - Bank of Hawaii Corp. (BOH) reported a profit for its fourth quarter that increased from last year and beat the Street estimates.

The company's bottom line totaled $33.893 million, or $0.85 per share. This compares with $28.427 million, or $0.72 per share, last year.

Analysts on average had expected the company to earn $0.83 per share. Analysts' estimates typically exclude special items.

Bank of Hawaii Corp. earnings at a glance (GAAP) :

-Earnings: $33.893 Mln. vs. $28.427 Mln. last year. -EPS: $0.85 vs. $0.72 last year.

For the fourth quarter, Bank of Hawaii registered a net interest income of $120.178 million, higher than $115.785 million, posted for the same period last year. Total noninterest income moved up to $43.047 million from the prior year’s $42.283 million.

Total loans and leases were $14.1 billion as of December 31, 2024, up 0.8 percent from last year. Total deposits were $20.6 billion at December 31, 2024, a decrease of 2 percent from a year ago.

The lender will pay a quarterly cash dividend of $0.70 per share on March 14 to shareholders of record as of February 28.