Welcome to our dedicated page for Bank Hawaii news (Ticker: BOH), a resource for investors and traders seeking the latest updates and insights on Bank Hawaii stock.
Bank of Hawaii Corporation reports recurring developments for a regional banking company serving customers in Hawaii, Guam, and other Pacific Islands. Its business includes consumer banking, commercial banking, treasury activities, loans and leases, deposit products, insurance products, trust services, investment management, institutional advisory services, securities brokerage, equipment leasing, and credit insurance.
Company news commonly centers on quarterly earnings, net interest income, net interest margin, deposit costs, earning-asset yields, loan and lease balances, credit quality, regulatory capital levels, share repurchases, and common or preferred stock dividends. Governance updates also include board actions and executive succession matters tied to the bank holding company and Bank of Hawaii.
Bank of Hawaii Corporation (NYSE: BOH) reported a diluted EPS of $3.86 for 2020, down from $5.56 in 2019. Net income declined to $153.8 million from $225.9 million. Return on average assets was 0.79%, down from 1.29%. Loan balances grew 8.6% and deposits soared 15.4%, reaching a record $20.6 billion in total assets. Despite challenges from the COVID-19 pandemic, the efficiency ratio improved to 54.91%. The fourth quarter saw an EPS of $1.06, net income of $42.3 million, and an increase in noninterest income due to mortgage banking activities.
Bank of Hawaii Corporation (NYSE: BOH) is set to release its fourth quarter 2020 financial results on January 25, 2021, before market opening. A conference call will follow at 1:00 p.m. ET, accessible via the company's investor relations website. The call will include a slide presentation. Interested parties can join the live call by using the provided toll-free numbers. A replay will be available for a week post-call. Bank of Hawaii has a long-standing service history in providing financial solutions in Hawaii and the West Pacific since 1897.
Bank of Hawaii Corporation (NYSE: BOH) reported diluted earnings per share of $0.95 for Q3 2020, down from $1.29 in Q3 2019. Net income was $37.8 million, a decrease from $52.1 million a year ago. Loan balances were $11.8 billion, up 8.4% year-over-year, while total deposits reached a record high of $17.7 billion, increasing by 15.6% compared to Q3 2019. The return on average assets was 0.76%, down from 1.17% last year. A quarterly cash dividend of $0.67 per share was declared, payable on December 14, 2020.
Bank of Hawaii Corporation (NYSE: BOH) will announce its third quarter 2020 financial results on October 26, 2020, before market opening. A conference call is scheduled for the same day at 2:00 p.m. Eastern Time (8:00 a.m. Hawaii Time). Investors can access the call via the company's investor relations website and through a toll-free number. A replay will be available for one week post-call. The company, founded in 1897, operates as a regional financial services provider in Hawaii and the West Pacific.