Bank Of Hawaii Q1 Profit Rises - Quick Facts

(RTTNews) - Bank of Hawaii Corp. (BOH) reported that its net income for the first quarter of 2021 was $59.95 million or $1.50 per share, up from $34.74 million or $0.87 per share in the prior-year quarter.

On average, six analysts polled by Thomson Reuters expected the company to report earnings of $1.15 per share for the quarter. Analysts' estimates typically exclude special items.

Net interest income, on a taxable-equivalent basis, for the quarter was $120.57 million, down from $125.97 million in the year-ago quarter.

Total noninterest income declined to $42.97 million from $46.15 million last year.

The Company's Board of Directors also declared a quarterly cash dividend of $0.67 per share on the Company's outstanding shares, payable on June 14, 2021 to shareholders of record at the close of business on May 28, 2021.