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Bank of Hawaii (BOH) Q1 Earnings Miss, Expenses Fall Y/Y
BOHBank of Hawaii(BOH) Zacks Investment Research·2024-04-23 17:31

Bank of Hawaii Corporation (BOH) reported first-quarter 2024 earnings per share (EPS) of 87 cents, missing the Zacks Consensus Estimate of 92 cents. The bottom line compared unfavorably with 1.14earnedintheyear−agoquarter.BOH′squarterlyresultswereaffectedbyadeclineinnetinterestincome(NII),alongwithadropinloansanddepositbalances.Nonetheless,animprovementinnon−interestincomeandadeclineinexpensesactedasatailwind.Thecompany’snetincomecameinat1.14 earned in the year-ago quarter.BOH's quarterly results were affected by a decline in net interest income (NII), along with a drop in loans and deposit balances. Nonetheless, an improvement in non-interest income and a decline in expenses acted as a tailwind.The company’s net income came in at 36.4 million, down 2 ...