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what it is
Bank of Hawaii takes deposits, makes loans, and skims fees from a customer base that usually does not love switching banks.
how it gets paid
Last year Bank Of Hawaii made $122M in revenue. Consumer Banking was the main engine at $49M, or 40% of sales.
why growth slowed
Revenue fell 0.1% last year. The 14.29% EPS beat mattered because BOH needed proof that earnings had stopped slipping.
what just happened
BOH's last report beat EPS estimates by 14.29%, with actual EPS of $1.20 versus $1.05 expected.
At a glance
B+ balance sheet — decent shape, but not bulletproof
75/100 earnings predictability — reasonably predictable
17.7x trailing p/e — the market's not buying it — or you found a deal
3.8% dividend yield — cash in your pocket every quarter
$3.46 fy2024 eps est
xvary composite: 58/100 — below average
What they do
Bank of Hawaii takes deposits, makes loans, and skims fees from a customer base that usually does not love switching banks.
BOH had $21.19B in deposits in 2025 versus just $558M of long-term debt, according to the company filing cited in web search. deposits → customer money parked at the bank → so what: that is cheaper funding, and cheap funding is the whole banking business. If your checking account, mortgage, and business account all live in one local bank, moving is a hassle, and that stickiness helps support BOH's 3.8% dividend yield.
How they make money
$122M
annual revenue · their business grew -0.1% last year
Consumer Banking
$49M
flat
Commercial Banking
$42M
up
Treasury and Other
$19M
up
Investment, Insurance, and Leasing Services
$12M
flat
The products that matter
retail deposits and household lending
consumer banking
$21.19B deposit base
this is the funding engine. the $21.19B deposit base gives the bank the raw material for lending. for a regional bank, cheap and sticky funding is the product behind the products.
funding base
business lending and treasury services
commercial banking
loan growth -3.2%
this is where the pressure shows up. loans contracted 3.2% while the sector expectation was +0.8% growth. same business model, opposite direction. that is the cleanest reason the stock does not get a growth premium.
core risk
balance-sheet and rate management
treasury and other
nim near 2.90%
this is the quiet profit lever. net interest margin — the spread between what the bank earns and what it pays — expanded for seven straight quarters to near 2.90%. that helped offset the weaker loan backdrop.
margin driver
Key numbers
$21.19B
deposits
That is the funding base. deposits → customer cash → so what: more deposits usually mean cheaper money to lend out.
$558M
long-term debt
Debt is just 16% of capital, which says BOH leans more on deposits than borrowed money.
3.8%
dividend yield
You are getting paid to wait, but only if earnings stop sliding.
17.7x
trailing p/e
p/e → price divided by earnings → so what: you are not buying this like a distressed bank.
Financial health
B+
strength
- balance sheet grade B+ — solid but not elite
- risk rank 3 — safer than 50% of stocks
- price stability 50 / 100
- long-term debt $558M (16% of capital)
B+ — functional but not a standout on the balance sheet.
Total return vs. market
Return history isn't available for BOH right now.
source: institutional data · return history unavailable
What just happened
beat estimates
BOH's last report beat EPS estimates by 14.29%, with actual EPS of $1.20 versus $1.05 expected.
The quarter beat expectations, but the bigger picture is less pretty. Full-year EPS dropped from $4.43 in 2023 to $3.46 in 2024, based on the quarterly history.
$122M
ttm revenue
$1.20
quarterly eps
14.29%
eps surprise
the number that mattered
The 14.29% EPS beat mattered because BOH needed proof that earnings had stopped slipping, even if one quarter does not erase a two-year decline.
source: company earnings report, 2026
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What could go wrong
the main risk is not abstract bank risk. it is a hawaii-focused lender trying to hold a 43.0% operating margin while loans are already down 3.2%.
high
loan contraction
the loan portfolio contracted 3.2% while the sector expectation was +0.8% growth. for a bank, that is the story. everything else is commentary.
if loans keep shrinking, net interest income eventually follows and the quality multiple starts to look expensive.
high
hawaii and pacific concentration
the franchise is built around $21.19B in deposits tied to one regional economy. that helps local relevance. it also limits diversification when local conditions weaken.
a local slowdown would pressure funding, credit demand, and credit quality at the same time.
med
ceo succession
peter ho retires april 1, 2026, with mary sellers polk stepping in. leadership changes matter more when the operating model needs a fix, not just a caretaker.
the handoff could slow strategic changes right when the bank needs lending momentum to come back.
med
margin reversal
net interest margin has expanded for seven straight quarters to near 2.90%. that streak has been doing a lot of work for the earnings story.
if margin stops improving before loans recover, the cushion under earnings gets thinner fast.
here is what would change our mind in the right direction: loan growth turning positive while net interest margin holds near 2.90%. here is what would make us more cautious: another stretch of negative loan growth after the april 2026 ceo handoff.
source: institutional data · regulatory filings · risk analysis
Pay attention to
leadership
ceo transition
mary sellers polk takes over as ceo on april 1, 2026. first test: whether strategy shifts show up in loan growth, not just in language.
metric
loan growth
the -3.2% reading is the cleanest red flag on the page. zero is the first milestone. positive growth is the real one.
trend
net interest margin
management pushed margin near 2.90% through seven straight quarterly improvements. if that streak breaks before loans recover, the earnings quality looks less durable.
risk
hawaii concentration
the same local focus that supports $21.19B in deposits also concentrates your exposure. good franchises still need room to absorb regional stress.
Analyst rankings
earnings predictability
75 / 100
results have been reasonably steady. in human-speak, analysts think this bank usually does what it says it will do.
valuation signal
17.7x
trailing p/e is what you pay for each dollar of past earnings. at 17.7x, this is not bargain-bin pricing. you are paying a quality multiple and waiting for a cleaner growth argument.
source: institutional data
Institutional activity
institutional ownership data for BOH is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$71
current price
n/a
target midpoint · n/a from current
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