Bank Of Hawaii Q1 Profit Declines 9 Percent

(RTTNews) - Bank of Hawaii Corp. (BOH) reported that its net income for the first quarter of 2021 was $54.83 million or $1.32 per share, down from $59.95 million or $1.50 per share in the prior-year quarter.

On average, six analysts polled by Thomson Reuters expected the company to report earnings of $1.19 per share for the quarter. Analysts' estimates typically exclude special items.

Net interest income for the quarter was $125.26million, up from $120.57 million in the year-ago quarter.

Total noninterest income edged up to $43.55 million from $42.97 million last year.

The Company's Board of Directors also declared a quarterly cash dividend of $0.70 per share on the Company's outstanding shares, payable on June 14, 2022 to shareholders of record at the close of business on May 31, 2022.