Bank of Hawaii (BOH) Q2 Earnings Top Estimates, Expenses Up

Bank of Hawaii Corporation (BOH) reported second-quarter 2024 adjusted earnings per share (EPS) of 86 cents, beating the Zacks Consensus Estimate of 85 cents. The bottom line compared unfavorably with $1.12 earned in the year-ago quarter. BOH's quarterly results benefited from an increase in interest margin (NIM) driven by higher earnings asset yields. Also, lower provision acted as a tailwind. A decline in net interest income (NII), along with a drop in loans and deposit balances and higher expenses, were ...