Bank Of Hawaii Corp. (BOH)
NYSE:BOH
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Bank Of Hawaii
(NYSE:BOH)
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Rating:74Outperform
Price Target:
$86.00
â–²(8.09% Upside)
Action:ReiteratedDate:02/25/26
BOH scores well primarily due to solid financial fundamentals (improving profitability and much lower leverage) and a constructive, guidance-supported earnings outlook (NIM expansion, strong capital, and higher buybacks). Valuation is supportive with a ~3.6% dividend yield and mid-teens P/E, while neutral momentum and some credit/loan-growth watch items keep the score from being higher.
Positive Factors
Balance-sheet strength
Material deleveraging and above‑well‑capitalized ratios provide durable loss-absorption capacity and regulatory flexibility. Strong equity and Tier 1 capital support continued dividends, repurchases and loan loss shock absorption, reducing tail risk and preserving franchise optionality over the medium term.
Negative Factors
Modest loan growth
Subdued loan growth constrains organic revenue scaling and makes earnings more dependent on margin expansion and fee income. If loan origination momentum stalls, NII gains and buybacks may face limits, leaving growth tied to balance-sheet repositioning rather than durable credit expansion.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance-sheet strength
Material deleveraging and above‑well‑capitalized ratios provide durable loss-absorption capacity and regulatory flexibility. Strong equity and Tier 1 capital support continued dividends, repurchases and loan loss shock absorption, reducing tail risk and preserving franchise optionality over the medium term.
Read all positive factors
Bank Of Hawaii (BOH) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$3.16B
Dividend Yield3.99%
Average Volume (3M)409.02K
Price to Earnings (P/E)13.2
Beta (1Y)0.65
Revenue Growth3.40%
EPS Growth23.04%
CountryUS
Employees1,876
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)1.39
Shares Outstanding39,657,257
10 Day Avg. Volume267,211
30 Day Avg. Volume409,020
Financial Highlights & Ratios
PEG Ratio0.39
Price to Book (P/B)1.46
Price to Sales (P/S)2.50
P/FCF Ratio14.71
Enterprise Value/Market Cap0.72
Enterprise Value/Revenue2.09
Enterprise Value/Gross Profit3.10
Enterprise Value/Ebitda7.25
Forecast
1Y Price Target
$83.80Price Target Upside5.33% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering5
EPS Forecast (FY)6.02
Revenue Forecast (FY)$807.45M
Bank Of Hawaii Business Overview & Revenue Model
Company Description
Bank of Hawaii Corporation operates as the bank holding company for Bank of Hawaii that provides various financial products and services in Hawaii, Guam, and other Pacific Islands. It operates in three segments: Consumer Banking, Commercial Bankin...
How the Company Makes Money
Bank of Hawaii generates revenue through various streams, primarily from net interest income, which is the difference between the interest earned on loans and the interest paid on deposits. The bank offers a range of loan products, including consu...
Bank Of Hawaii Earnings Call Summary
Earnings Call Date:Jan 26, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Apr 20, 2026
Earnings Call Sentiment Positive
The call conveyed a largely positive operational and financial picture: robust EPS and net interest margin expansion, improved funding costs, disciplined credit with low losses, strong capital and resumed buybacks. Headwinds include modest increases in early-stage delinquencies and criticized loans, a small decline in ACL coverage, one-time noninterest income/expense items, and still-modest loan growth. On balance, highlights outweigh the lowlights.Positive Updates
Strong Earnings and EPS Growth
Net income of $60.9M and diluted EPS of $1.39, up 63% year-over-year and 16% sequentially.
Negative Updates
Rising Early-Stage Credit Metrics
Delinquencies rose to 36 bps (up 7 bps sequentially and 2 bps YoY); criticized loans increased to 2.12% (up 7 bps sequentially).
Read all updates
Q4-2025 Updates
Positive
Negative
Strong Earnings and EPS Growth
Net income of $60.9M and diluted EPS of $1.39, up 63% year-over-year and 16% sequentially.
Read all positive updates
Company Guidance
Management guided to continued NIM expansion — finishing the year at 2.67% and targeting near 2.90% by year‑end 2026 with further Q1 upside — alongside a move toward mid‑single‑digit loan growth in 2026; deposit dynamics should remain favorable (noninterest bearing deposits +6.6% linked‑quarter, interest‑bearing deposit cost down 20 bps, total cost of funds down 16 bps, spot deposit rate 1.30% vs. quarter average 13 bps higher, deposit beta improved to 31% with a target ≥35% at terminal Fed funds), CD book average cost fell to 3.18% (52% of CDs maturing in three months at a 3.1% average expected to reprice mostly to ~2.25–3.0%), and hedges include $1.5B of active pay‑fixed receive swaps at a 3.5% weighted rate plus $500M of forward swaps at 3.1%; 2026 operating assumptions: Q1 normalized noninterest income $42–43M, Q1 normalized noninterest expense ≈ $113M and full‑year expense up 3–3.5% vs. 2025 (2025 normalized ≈ $441M), provision for credit losses modest ($2.5M in Q4) with ACL $146.8M (ACL/loans 1.04%), asset quality metrics remaining strong (NPAs 10 bps, NCOs $4.1M or 12 bps annualized, delinquencies 36 bps, criticized loans 2.12%), an anticipated ~23% effective tax rate for 2026, strong capital (Tier 1 14.5%, total risk‑based 15.5%), and continued shareholder returns (Q4 repurchases ~$5M at $65, $121M available under the plan and management expecting to increase buybacks toward roughly $15–20M per quarter).Bank Of Hawaii Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
72
Positive
Cash Flow
66
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.08B | 1.03B | 965.77M | 754.91M | 689.41M |
| Gross Profit | 730.70M | 621.19M | 643.42M | 705.90M | 710.49M |
| EBITDA | 312.73M | 229.37M | 260.11M | 323.85M | 358.13M |
| Net Income | 205.90M | 149.99M | 171.20M | 225.80M | 253.37M |
Balance Sheet | |||||
| Total Assets | 24.18B | 23.60B | 23.73B | 23.61B | 22.78B |
| Cash, Cash Equivalents and Short-Term Investments | 946.52M | 2.62B | 3.41B | 3.17B | 4.47B |
| Total Debt | 92.40M | 747.07M | 805.37M | 1.24B | 564.09M |
| Total Liabilities | 22.33B | 21.93B | 22.32B | 22.29B | 21.17B |
| Stockholders Equity | 1.85B | 1.67B | 1.41B | 1.32B | 1.61B |
Cash Flow | |||||
| Free Cash Flow | 184.28M | 168.77M | 140.82M | 304.20M | 354.78M |
| Operating Cash Flow | 218.34M | 178.45M | 150.22M | 332.96M | 377.15M |
| Investing Cash Flow | -403.09M | 20.99M | 562.79M | -1.25B | -2.42B |
| Financing Cash Flow | 367.70M | -436.81M | -113.84M | 761.79M | 1.99B |
Bank Of Hawaii Technical Analysis
Positive
79.56
Price Trends
75.47
Positive
71.76
Positive
68.05
Positive
Market Momentum
0.77
Negative
70.08
Negative
87.11
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BOH, the sentiment is Positive. The current price of 79.56 is above the 20-day moving average (MA) of 73.91, above the 50-day MA of 75.47, and above the 200-day MA of 68.05, indicating a bullish trend. The MACD of 0.77 indicates Negative momentum. The RSI at 70.08 is Negative, neither overbought nor oversold. The STOCH value of 87.11 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BOH.
Bank Of Hawaii Risk Analysis
Bank Of Hawaii disclosed 31 risk factors in its most recent earnings report. Bank Of Hawaii reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Bank Of Hawaii Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $3.16B | 13.16 | 11.62% | 3.99% | 3.40% | 23.04% | |
73 Outperform | $3.16B | 13.59 | 13.70% | 2.96% | 6.29% | 28.28% | |
72 Outperform | $2.94B | 8.86 | 10.62% | 4.69% | 38.34% | 89.73% | |
72 Outperform | $3.20B | 19.14 | 5.83% | 2.25% | 6.83% | 23.44% | |
71 Outperform | $2.82B | 12.23 | 9.25% | 4.00% | -8.43% | 3.75% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
64 Neutral | $2.92B | 24.15 | 6.87% | 1.34% | 10.50% | -6.22% |
* Financial Sector Average
BOH
Bank Of Hawaii
79.56
20.73
35.23%
CVBF
Cvb Financial
20.75
5.00
31.73%
PRK
Park National
174.76
36.03
25.97%
PFS
Provident Financial Services
22.46
8.48
60.65%
SBCF
Seacoast Banking Of Florida
32.71
11.22
52.17%
FBK
FB Financial
56.44
16.49
41.26%
Bank Of Hawaii Corporate Events
Executive/Board Changes
Bank of Hawaii Updates Executive Incentive and Equity Awards
Positive
Feb 24, 2026
On February 19, 2026, Bank of Hawaii’s Human Resources and Compensation Committee approved 2025 performance-based Executive Incentive Plan awards and 2026 base salaries for its named executive officers, including Chairman and CEO Peter S. Ho...
Business Operations and StrategyExecutive/Board Changes
Bank of Hawaii announces CEO succession and leadership transition
Neutral
Feb 3, 2026
On February 3, 2026, Bank of Hawai‘i announced that longtime Chairman and Chief Executive Officer Peter S. Ho will retire effective March 31, 2026, after leading the bank since 2010 and more than three decades with the company, and will rema...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.