Bank Of Hawaii Q2 Profit Beats Estimates - Quick Facts

(RTTNews) - Bank of Hawaii Corp. (BOH) reported second-quarter net income of $41.5 million, or $0.94 per share, compared to $37.8 million or $0.85 per share, in the second quarter of 2013.

On average, ten analysts polled by Thomson Reuters expected the company to report profit per share of $0.89 for the quarter. Analysts' estimates typically exclude special items.

Net interest income, on a taxable equivalent basis, was $97.3 million, compared to $89.8 million, a year ago. Noninterest income was $44.5 million, compared to $48.0 million in the second quarter of 2013. Analysts expected revenue of $140.68 million for the quarter.

The company's Board increased the authorization under the share repurchase program by an additional $100.0 million. This authorization, combined with previously announced authorizations of $1.90 billion, brings the total repurchase authority to $2.0 billion.

The company's Board declared a quarterly cash dividend of $0.45 per share on the outstanding shares.