Bank of Hawaii reports Q2 EPS $1.06, consensus $1.06

Reports Q2 net loan and lease charge-offs $2.6M, or 7 basis points annualized of total average loans and leases outstanding and comprised of gross charge-offs of $4.0M partially offset by gross recoveries of $1.4M. Compared to the same period last year, net loan and lease charge-offs decreased by 800,000 or 3 basis points annualized on total average loans and leases outstanding. “Bank of Hawai’i continued to perform well during the Q2,” said Peter Ho, Chairman and CEO. “Our net interest income and net interest margin expanded for the fifth consecutive quarter. Average deposit balances grew while average loan balances held steady. Our credit quality remained excellent, and we continued to maintain our disciplined approach to expense management.”