Bank of Hawaii Set to Report Earnings Monday — Here's What to Watch
Key Fact: Analysts expect 13.6% year-over-year revenue growth this quarter, up from 11% growth in the same period last year.
Last Quarter's Mixed Results
Bank of Hawaii met revenue expectations last quarter, posting $194.5 million in revenue, up 12.8% year-over-year. However, the quarter came with a significant EPS miss versus analyst estimates, even as net interest income landed in line with forecasts.
What Analysts Expect This Quarter
Heading into Monday's report, the market expects revenue growth to accelerate to 13.6% year-over-year. Analysts covering the stock have largely reaffirmed their estimates over the past 30 days, suggesting confidence that the business is on track. Bank of Hawaii has a strong track record of meeting or beating Wall Street's revenue estimates.
Key Stat: Bank of Hawaii trades at $84.02, below its average analyst price target of $87.83.
How Peers Have Performed
Other regional banks have already posted Q2 results, offering some read-through. OFG Bancorp reported 4.5% year-over-year revenue growth, beating estimates by 3.9%, while Hilltop Holdings posted 7.5% growth, topping estimates by 3.4%. Both stocks rose following their results — OFG Bancorp up 4.2% and Hilltop Holdings up 3%.
Stock Performance Heading Into Earnings
Regional bank stocks have been broadly flat over the past month, while Bank of Hawaii shares are up 2.5% over the same period. The stock currently trades at $84.02, below its average analyst price target of $87.83, leaving some room for upside if the report lands well.
Why It Matters
With regional bank peers largely beating estimates this earnings season, Bank of Hawaii enters Monday's report with cautiously positive momentum. Whether it can match its peers' upside surprise — after last quarter's EPS miss — will be the key thing to watch.
This article is for informational purposes only and does not constitute financial advice. Do your own research.