Bank of Hawaii (NYSE: $BOH) reported its Q1 fiscal 2025 earnings on April 21. The bank posted earnings per share of $0.97, beating the Zacks estimate of $0.89. This marked an 8.99% earnings surprise. Revenue reached $169.87 million, topping expectations of $167.66 million and rising 8.7% from a year ago.
The bank reported an EPS of $0.97 compared to $0.87 in Q1 last year. Over the past four quarters, it has exceeded EPS estimates three times. The bank also surpassed consensus revenue estimates twice during the same period. Shares of BOH currently trade at $65.22, reflecting a 0.32% increase during market hours. The stock is down 8.8% year-to-date, while the S&P 500 declined 10.2%.
Financial Performance Breakdown
Net interest income (FTE) reached $127.30 million, surpassing the consensus estimate of $124.33 million. Standard net interest income stood at $125.81 million, also ahead of the expected $123.01 million. The net interest margin was 2.3%, matching analyst expectations.
The efficiency ratio improved to 65%, beating the projected 67%. Average balance for total interest-earning assets stood at $22.02 billion. Analysts had forecasted $22.31 billion. Net charge-offs to average loans remained at 0.1%, in line with expectations.
Performance by Segment
Trust and Asset Management generated $11.74 million, slightly missing the expected $12.09 million. Mortgage Banking revenue totaled $0.99 million, under the projected $1.11 million. Annuity and insurance revenue came in at $1.56 million, beating the estimate of $1.48 million. Bank-owned life insurance revenue reached $3.61 million, falling short of the $3.68 million consensus.
Total non-performing assets came to $17.45 million, slightly better than the $17.86 million projection. Total non-accrual loans and leases stood at $16.09 million, higher than the $15.20 million estimate.
Industry and Outlook
The Banks – West industry ranks in the top 36% among over 250 industries. Companies in the top 50% typically outperform the rest. RBB Bancorp (RBB), also in this group, is set to release its earnings on April 28. Analysts expect RBB to report EPS of $0.38 and revenue of $28.78 million for Q1.
The Zacks Rank for BOH stands at #3 (Hold). The current consensus for BOH’s next quarter is EPS of $0.96 and revenue of $170.3 million. For fiscal 2025, projections sit at EPS of $3.91 and revenue of $687.39 million.
Bank of Hawaii Technical Analysis
The BOH stock rebounded from a major support zone near $57. This area has acted as a strong historical support since early 2023. The price bounced off this level and has since moved above the 200-day moving average, currently at $61.96.
BOH now trades near $65.22, slightly below the 50-day moving average at $70.19. The RSI indicator shows recovery momentum, bouncing from oversold conditions to read at 42.98.
If current momentum holds, BOH could target the $82.87 resistance. The volume spike in April supports this bullish reversal thesis.
The price structure suggests a potential “W” bottom formation. This pattern indicates a possible trend reversal. If price action breaks past $70 with strong volume, the stock may retest the $82.87 high.
Bank of Hawaii continues to deliver on both earnings and revenue. Its stable financial metrics, solid technical rebound, and moderate valuation place it under investor watch for potential upside in the coming sessions.
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