Bank of Hawaii Corporation (BOH) 10-Year Financial Performance & Capital Metrics

BOH • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingWest Coast Community Banks

AboutBank 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 Banking, and Treasury and Other. The Consumer Banking segment offers checking, savings, and time deposit accounts; residential mortgage loans, home equity lines of credit, automobile loans and leases, personal lines of credit, installment loans, small business loans and leases, and credit cards; private and international client banking, investment, credit, and trust services to individuals and families, and high-net-worth individuals; investment management; institutional investment advisory services to corporations, government entities, and foundations; and brokerage offerings, including equities, mutual funds, life insurance, and annuity products. This segment operates 54 branch locations and 307 ATMs throughout Hawaii and the Pacific Islands, and a customer service center, as well as through online and mobile banking. The Commercial Banking segment provides corporate banking, commercial real estate loans, commercial lease financing, auto dealer financing, and deposit products. It offers commercial lending and deposit products to middle-market and large companies, and government entities; commercial real estate mortgages to investors, developers, and builders; and international banking and merchant services. The Treasury and Other segment offers corporate asset and liability management services, including interest rate risk management and foreign exchange services. Bank of Hawaii Corporation was founded in 1897 and is headquartered in Honolulu, Hawaii.Show more

Net Interest Income $467M -6.1%
Total Revenue $1.03B +6.6%
Net Income $150M -12.4%
Return on Equity 9.73% -22.4%
Net Interest Margin 1.98% -5.6%
Efficiency Ratio 41.12% -4.6%
ROA 0.63% -12.4%
Equity / Assets 7.07% +18.6%
Book Value per Share 42.01 +17.1%
Tangible BV/Share 40.73 +17.9%
Debt/Equity 0.45 -21.3%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient operations: 41.1% efficiency ratio
✓Healthy dividend yield of 3.9%

✗Weaknesses

✗Weak NIM of 2.0%

Price & Volume

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Growth Metrics

Revenue CAGR

10Y5.67%

5Y5.96%

3Y14.3%

TTM-

Profit (Net Income) CAGR

10Y-0.83%

5Y-7.86%

3Y-16.03%

TTM30.38%

EPS CAGR

10Y-0.64%

5Y-9.05%

3Y-17.89%

TTM22.52%

ROCE

10Y Avg14.03%

5Y Avg11.79%

3Y Avg10.25%

Latest7.44%

Peer Comparison

West Coast Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
BCALSouthern California Bancorp	608.64M	18.83	85.59	45.45%	2.94%	11.23%	8.17%	0.17
CWBCCommunity West Bancshares	447.97M	23.38	51.96	51.89%	4.67%	6.95%	3.83%	0.56
GBCIGlacier Bancorp, Inc.	6.29B	48.39	28.80	11.64%	15.27%	6.57%	3.34%	1.18
GBFHGBank Financial Holdings Inc.	465.21M	32.36	23.28	2%	30.99%	11.8%	5.65%	0.22
BOHBank of Hawaii Corporation	2.86B	71.86	20.77	6.6%	14.57%	10.28%	5.9%	0.45
HFWAHeritage Financial Corporation	867.93M	25.56	20.61	4.64%	13.64%	6.33%	7.03%	0.47
HTBKHeritage Commerce Corp	786.28M	12.82	19.42	3.35%	16.12%	6.19%	4.75%	0.06
NRIMNorthrim BanCorp, Inc.	640.63M	29.00	17.47	23.77%	18.87%	19.99%		0.15

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	394.09M	417.58M	457.24M	486.35M	497.71M	496.32M	497.29M	540.56M	497.02M	466.58M
NII Growth %	0.04%	0.06%	0.09%	0.06%	0.02%	-0%	0%	0.09%	-0.08%	-0.06%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	432.11M	457.9M	503.79M	550.17M	587.4M	546.42M	526.72M	597.37M	810.38M	863.75M
Interest Expense	38.02M	40.32M	46.56M	63.82M	89.68M	50.1M	29.43M	56.81M	313.35M	397.17M
Loan Loss Provision	1M	4.75M	16.9M	13.43M	16M	117.8M	-50.5M	-7.8M	9M	11.15M
Non-Interest Income+	181.61M	193M	185.42M	168.92M	183.34M	184.41M	162.7M	157.54M	155.4M	165.76M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	613.72M	650.9M	689.21M	719.1M	770.74M	730.83M	689.41M	754.91M	965.77M	1.03B
Revenue Growth %	0.03%	0.06%	0.06%	0.04%	0.07%	-0.05%	-0.06%	0.09%	0.28%	0.07%
Non-Interest Expense	343.5M	346.23M	357.69M	371.62M	379.23M	373.81M	384.93M	415.26M	416.31M	423.34M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	231.2M	259.59M	268.06M	270.23M	285.83M	189.12M	325.55M	290.63M	227.12M	197.85M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-0.03%	0.12%	0.03%	0.01%	0.06%	-0.34%	0.72%	-0.11%	-0.22%	-0.13%
Pretax Income+	231.2M	259.59M	268.06M	270.23M	285.83M	189.12M	325.55M	290.63M	227.12M	197.85M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	70.5M	78.13M	83.39M	50.62M	59.91M	35.32M	72.18M	64.83M	55.91M	47.86M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	160.7M	181.46M	184.67M	219.6M	225.91M	153.8M	253.37M	225.8M	171.2M	149.99M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0.01%	0.13%	0.02%	0.19%	0.03%	-0.32%	0.65%	-0.11%	-0.24%	-0.12%
Net Income (Continuing)	160.7M	181.46M	184.67M	219.6M	225.91M	153.8M	253.37M	225.8M	171.2M	149.99M
EPS (Diluted)+	3.70	4.23	4.33	5.23	5.56	3.86	6.25	5.48	4.14	3.46
EPS Growth %	0%	0.14%	0.02%	0.21%	0.06%	-0.31%	0.62%	-0.12%	-0.24%	-0.16%
EPS (Basic)	3.72	4.26	4.37	5.26	5.59	3.87	6.29	5.50	4.16	3.48
Diluted Shares Outstanding	43.45M	42.88M	42.61M	42M	40.65M	39.89M	40.05M	39.79M	39.43M	39.7M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	162.83M	172.26M	266.44M	327.11M	304.08M	281.07M	198.9M	320.4M	1B	763.57M
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	13.99B	14.89B	15.88B	15.85B	16.66B	18.99B	21.18B	21.92B	21.47B	21.54B
Investments Growth %	0.04%	0.06%	0.07%	-0%	0.05%	0.14%	0.11%	0.04%	-0.02%	0%
Long-Term Investments	11.73B	12.71B	13.64B	13.85B	14.04B	15.2B	16.9B	19.07B	19.07B	19.69B
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	31.52M	31.52M	31.52M	31.52M	31.52M	31.52M	31.52M	31.52M	31.52M	31.52M
Intangible Assets	23M	23.66M	24.62M	24.31M	25.02M	19.65M	22.25M	22.62M	20.88M	19.2M
PP&E (Net)	111.2M	113.5M	130.93M	151.84M	289.23M	299.24M	295.01M	299.08M	280.96M	264.64M
Other Assets	868.45M	986.46M	472.09M	501.02M	584.46M	779.38M	841.25M	678.74M	581.52M	611.36M
Total Current Assets	2.69B	2.63B	2.79B	2.59B	3.13B	4.26B	4.65B	3.32B	3.57B	2.81B
Total Non-Current Assets	12.77B	13.86B	14.3B	14.56B	14.97B	16.35B	18.13B	20.28B	20.16B	20.79B
Total Assets+	15.46B	16.49B	17.09B	17.14B	18.1B	20.6B	22.78B	23.61B	23.73B	23.6B
Asset Growth %	0.05%	0.07%	0.04%	0%	0.06%	0.14%	0.11%	0.04%	0.01%	-0.01%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Accounts Payable	5.03M	5.33M	6.95M	8.25M	8.04M	5.12M	2.5M	9.7M	41.02M	34.8M
Total Debt+	881.98M	800.93M	766.01M	640.14M	798.08M	768.48M	564.09M	1.24B	805.37M	747.07M
Net Debt	719.15M	628.67M	499.57M	313.03M	494M	487.42M	365.19M	915.91M	-195.57M	-16.5M
Long-Term Debt	234.94M	257.15M	250M	125M	75M	50M	0	400M	550M	550M
Short-Term Debt	636.19M	532.99M	505.29M	504.5M	604.31M	600.59M	450.49M	725.49M	150.49M	100M
Other Liabilities	200.65M	204.32M	200.26M	200.14M	218.06M	243.92M	246.63M	428.18M	417.61M	518.44M
Total Current Liabilities	13.89B	14.86B	15.4B	15.54B	16.4B	18.82B	20.81B	21.35B	21.25B	20.77B
Total Non-Current Liabilities	446.43M	472.26M	460.98M	335.78M	411.84M	411.82M	360.23M	939M	1.07B	1.17B
Total Liabilities	14.34B	15.33B	15.86B	15.88B	16.81B	19.23B	21.17B	22.29B	22.32B	21.93B
Total Equity+	1.12B	1.16B	1.23B	1.27B	1.29B	1.37B	1.61B	1.32B	1.41B	1.67B
Equity Growth %	0.06%	0.04%	0.06%	0.03%	0.01%	0.07%	0.17%	-0.18%	0.07%	0.18%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.15%	0.16%	0.15%	0.18%	0.18%	0.12%	0.17%	0.15%	0.13%	0.1%
Book Value per Share	25.69	27.09	28.91	30.20	31.66	34.46	40.24	33.10	35.87	42.01
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	575K	576K	576K	577K	579K	580K	581K	582K	583K	585K
Additional Paid-in Capital	542.04M	551.63M	561.16M	571.7M	582.57M	591.36M	602.51M	620.58M	636.42M	647.4M
Retained Earnings	1.32B	1.42B	1.51B	1.64B	1.76B	1.81B	1.95B	2.06B	2.11B	2.13B
Accumulated OCI	-23.56M	-33.91M	-34.72M	-51.04M	-31.11M	7.82M	-66.38M	-434.66M	-396.69M	-343.39M
Treasury Stock	-719.06M	-772.2M	-807.37M	-894.35M	-1.03B	-1.04B	-1.06B	-1.11B	-1.11B	-1.12B
Preferred Stock	0	0	0	0	0	0	180M	180M	180M	345M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	234.01M	226.53M	175.15M	317.92M	234.24M	146.42M	377.15M	332.96M	150.22M	178.45M
Operating CF Growth %	0.12%	-0.03%	-0.23%	0.82%	-0.26%	-0.37%	1.58%	-0.12%	-0.55%	0.19%
Net Income	160.7M	181.46M	184.67M	219.6M	225.91M	153.8M	253.37M	225.8M	171.2M	149.99M
Depreciation & Amortization	12.79M	12.87M	13.05M	14.39M	29.88M	32.49M	32.58M	33.22M	32.99M	31.52M
Deferred Taxes	-6.52M	7.19M	4.18M	-6.27M	-15.41M	-42.59M	3.02M	-2.71M	-11.21M	-12.22M
Other Non-Cash Items	46.02M	16.46M	26.5M	54.24M	5.56M	123.07M	46.93M	46.98M	27.06M	27.58M
Working Capital Changes	13.33M	1.76M	-60.62M	27.82M	-20.04M	-127.93M	27.99M	13.61M	-85.48M	-32.87M
Cash from Investing+	-531.1M	-960.85M	-1.02B	-74.67M	-773.27M	-2.37B	-2.42B	-1.25B	562.79M	20.99M
Purchase of Investments	-987.24M	-1.04B	-1.42B	-586.55M	-2.84B	-3.78B	-4.78B	-1.15B	-511K	-470.81M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	0	0	0	0	0	0	0	0	0
Other Investing	-990.32M	-1.12B	-817.27M	-664.69M	-549.89M	-988.19M	-332.52M	-1.4B	-325.26M	-99.83M
Cash from Financing+	517.24M	858.21M	414.99M	-165.14M	571.72M	2.28B	1.99B	761.79M	-113.84M	-436.81M
Dividends Paid	-78.37M	-81.16M	-87.07M	-98.5M	-105.48M	-107.43M	-113.61M	-120.43M	-119.67M	-124.96M
Share Repurchases	-52.98M	-61.81M	-47.08M	-91.99M	-137.65M	-18.01M	-31.26M	-55.06M	-14.29M	-5.3M
Stock Issued	15.36M	9.08M	13.1M	7.87M	7.87M	9.39M	13.61M	6.8M	5.88M	5.44M
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	-1000K	-1000K	-1000K	1000K	-1000K	-1000K	1000K	-1000K	-1000K
Other Financing	619.09M	1.07B	563.73M	143.27M	757.24M	2.43B	2.15B	255.59M	439.35M	-422.01M
Net Change in Cash+	220.15M	123.89M	-431.76M	78.12M	32.69M	55.43M	-53.65M	-158.67M	599.18M	-237.37M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	535.58M	755.72M	879.61M	447.85M	525.97M	558.66M	614.09M	560.43M	401.77M	1B
Cash at End	755.72M	879.61M	447.85M	525.97M	558.66M	614.09M	560.43M	401.77M	1B	763.57M
Interest Paid	37.42M	39.48M	44.95M	62.52M	89.89M	53.03M	32.04M	49.61M	282.02M	403.39M
Income Taxes Paid	72.74M	57.01M	67.88M	42.48M	58.15M	60.18M	48.76M	53.02M	52.25M	31.24M
Free Cash Flow+	219.88M	211.35M	144.68M	282.62M	180.34M	113.13M	354.78M	304.2M	140.82M	168.77M
FCF Growth %	0.12%	-0.04%	-0.32%	0.95%	-0.36%	-0.37%	2.14%	-0.14%	-0.54%	0.2%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	14.8%	15.93%	15.43%	17.57%	17.68%	11.56%	16.97%	15.42%	12.54%	9.73%
Return on Assets (ROA)	1.06%	1.14%	1.1%	1.28%	1.28%	0.79%	1.17%	0.97%	0.72%	0.63%
Net Interest Margin	2.55%	2.53%	2.68%	2.84%	2.75%	2.41%	2.18%	2.29%	2.09%	1.98%
Efficiency Ratio	55.97%	53.19%	51.9%	51.68%	49.2%	51.15%	55.83%	55.01%	43.11%	41.12%
Equity / Assets	7.22%	7.04%	7.21%	7.4%	7.11%	6.67%	7.07%	5.58%	5.96%	7.07%
Book Value / Share	25.69	27.09	28.91	30.2	31.66	34.46	40.24	33.1	35.87	42.01
NII Growth	3.8%	5.96%	9.5%	6.37%	2.34%	-0.28%	0.19%	8.7%	-8.05%	-6.13%
Dividend Payout	48.76%	44.72%	47.15%	44.85%	46.69%	69.85%	43.66%	49.85%	65.3%	74.88%

Revenue by Segment

	2024
Trust and Asset Management	47.48M
Trust and Asset Management Growth	-
Fees, Exchange, and Other Service Charges	45.47M
Fees, Exchange, and Other Service Charges Growth	-
Service Charges on Deposit Accounts	13.68M
Service Charges on Deposit Accounts Growth	-
Other Revenue	10.1M
Other Revenue Growth	-
Annuity and Insurance	5.37M
Annuity and Insurance Growth	-

Frequently Asked Questions

Valuation & Price

Bank of Hawaii Corporation (BOH) has a price-to-earnings (P/E) ratio of 20.8x. This is roughly in line with market averages.

Growth & Financials

Bank of Hawaii Corporation (BOH) grew revenue by 6.6% over the past year. This is steady growth.

Yes, Bank of Hawaii Corporation (BOH) is profitable, generating $184.1M in net income for fiscal year 2024 (14.6% net margin).

Dividend & Returns

Yes, Bank of Hawaii Corporation (BOH) pays a dividend with a yield of 3.94%. This makes it attractive for income-focused investors.

Bank of Hawaii Corporation (BOH) has a return on equity (ROE) of 9.7%. This is below average, suggesting room for improvement.

Industry Metrics

Bank of Hawaii Corporation (BOH) has a net interest margin (NIM) of 2.0%. NIM has been under pressure due to interest rate environment.

Bank of Hawaii Corporation (BOH) has an efficiency ratio of 41.1%. This is excellent, indicating strong cost control.

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