Bank Of Hawaii Q3: Earnings Beat, Total Deposits Up 1.4% Sequentially & More
Portfolio Pulse from Shivani Kumaresan
Bank Of Hawaii Corp (NYSE:BOH) reported Q3 FY23 revenues of $171.27 million, beating the analyst consensus estimate of $160.74 million. The quarterly EPS of $1.17 also surpassed the consensus of $0.97. Total deposits increased by 1.4% from the previous quarter to $20.8 billion. However, net interest income decreased by 2.7% Q/Q and 14.6% Y/Y to $120.9 million. Noninterest income rose by 16.4% from the previous quarter to $50.3 million. The company declared a dividend of $0.70, payable on December 14, 2023.
October 23, 2023 | 1:40 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Bank Of Hawaii Corp reported better than expected Q3 FY23 results, with both revenues and EPS beating estimates. However, the decrease in net interest income could be a concern for investors. The declaration of a dividend could be seen as a positive signal.
The company's better than expected results and the declaration of a dividend are positive signals that could drive the stock price up in the short term. However, the decrease in net interest income could be a concern for investors, potentially limiting the upside.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100