Overview
Regional bank's net income for Q4 rises 55.6% yr/yr
Company resumed share repurchases in Q4
Outlook
Company did not provide specific guidance for future quarters or year
Result Drivers
NET INTEREST INCOME - Driven by lower interest-bearing deposit rates and fixed-rate asset repricing, despite floating rate assets repricing to lower rates
NONINTEREST INCOME - Decrease due to $16.8 mln loss on sale of investments, partially offset by $18.1 mln gain from sale of merchant services portfolio
NONINTEREST EXPENSE - Decreased due to lower FDIC special assessment charges and reduced severance-related costs
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Pre-Provision Net Revenue | $80.13 mln | ||
Q4 EPS | $1.39 | ||
Q4 Net Income | $60.94 mln | ||
Q4 Net Interest Income | $145.37 mln | ||
Q4 Credit Loss Provision | $2.50 mln |
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 3 "hold" and 3 "sell" or "strong sell"
The average consensus recommendation for the banks peer group is "buy."
Wall Street's median 12-month price target for Bank of Hawaii Corp is $75.00, about 5.9% above its January 23 closing price of $70.80
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 13 three months ago
Press Release: ID:nBw1LbF9Za
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)