Bank Of Hawaii Corp. (BOH) Tops Q4 EPS by 1c

Bank Of Hawaii Corp. (NYSE: BOH) reported Q4 EPS of $1.45, $0.01 better than the analyst estimate of $1.44.

2019 Record Earnings of $5.56 Per Diluted Share
2019 Net Income $225.9 Million
Diluted Earnings Per Share $1.45 for the Fourth Quarter of 2019
Net Income $58.1 Million for the Fourth Quarter of 2019
Board of Directors Declares Dividend of $0.67 Per Share
Board of Directors Increases Share Repurchase Authorization by $100 Million

HONOLULU--(BUSINESS WIRE)-- Bank of Hawaii Corporation (NYSE: BOH) today reported diluted earnings per share of $5.56 for the full year of 2019, an increase of 6.3 percent from diluted earnings per share of $5.23 in 2018. Net income for the year was $225.9 million, up $6.3 million or 2.9 percent from net income of $219.6 million in the previous year. The return on average assets for the full year of 2019 was 1.29 percent unchanged from 1.29 percent in 2018. The return on average equity for the full year of 2019 was 17.65 percent compared with 17.63 percent in 2018. The efficiency ratio for the full year of 2019 improved to 55.68 percent compared with 56.71 percent in 2018.

“Bank of Hawaii finished 2019 with strong financial performance and made significant progress on our strategic initiatives,” said Peter Ho, Chairman, President, and CEO. “Our loan balances grew 5.2 percent in 2019 and our deposit balances grew 5.0 percent compared with 2018. Our asset quality, capital and liquidity all remain strong. During the fourth quarter we continued to reduce our leveraged lease exposure with the early buyout of a lease which reduced our loan balances by $42.7 million.”

For earnings history and earnings-related data on Bank Of Hawaii Corp. (BOH) click here.

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