Bank Of Hawai'i Corp. Q2 Profit Matches Estimates

(RTTNews) - Bank of Hawai'i Corp. (BOH) reported second quarter net income of $46.1 million, down 19.0% from the same quarter of 2022. Earnings per common share was $1.12, compared to $1.38. On average, five analysts polled by Thomson Reuters expected the company to report profit per share of $1.12, for the quarter. Analysts' estimates typically exclude special items.

Net interest income was $124.3 million, a decrease of 6.4% from the same quarter of 2022. Noninterest income was $43.3 million, an increase of 2.6% from the same period in 2022. Analysts on average had estimated $170.07 million in revenue.

The Board of Directors declared a quarterly cash dividend of $0.70 per share on outstanding common shares. The dividend will be payable on September 15, 2023 to shareholders of record at the close of business on August 31, 2023.

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