Here's What Key Metrics Tell Us About Bank of Hawaii (BOH) Q3 Earnings

Core Insights - Bank of Hawaii (BOH) reported a revenue of $162.73 million for Q3 2024, reflecting a year-over-year decline of 5% and an EPS of $0.93 compared to $1.17 a year ago, with a revenue surprise of +1.52% over the Zacks Consensus Estimate of $160.29 million and an EPS surprise of +14.81% over the consensus estimate of $0.81 [1] Financial Performance Metrics - Efficiency Ratio was reported at 65.8%, better than the estimated 67.4% by analysts [3] - Net Interest Margin matched the analyst estimate at 2.2% [3] - Net charge-offs to average loans were 0.1%, consistent with analyst estimates [3] - Average Balance of Total interest-earning assets was $21.76 billion, slightly above the estimate of $21.69 billion [3] - Total Non-Accrual Loans and Leases were $17.11 million, exceeding the estimate of $12.92 million [3] - Total Non-Performing Assets were $19.78 million, higher than the estimated $15.32 million [3] - Net Interest Income (FTE) was $118.70 million, surpassing the estimate of $117.35 million [3] - Annuity and Insurance revenue was $1.46 million, above the estimate of $1.17 million [3] - Bank-Owned Life Insurance revenue was $3.53 million, compared to the estimate of $3.28 million [3] - Trust and Asset Management revenue was $11.92 million, exceeding the estimate of $11.70 million [3] - Mortgage Banking revenue was $1.19 million, above the estimate of $1 million [3] - Net Interest Income was reported at $117.62 million, slightly above the estimate of $116.65 million [3] Stock Performance - Shares of Bank of Hawaii have returned +5.8% over the past month, outperforming the Zacks S&P 500 composite's +2% change [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]