Monitor the trajectory of net interest margin and deposit costs in coming quarters, as the deposit beta for the downward rate cycle has stabilized at 35.5%. Any shift in Fed policy or Hawaii tourism trends could affect loan demand and credit quality.
Price Chart
Executive Summary
Bank of Hawaii reported Q2 2026 diluted EPS of $1.47, a 0.6% beat vs consensus of $1.46, while total revenue of $196.9M missed the $199.5M estimate by 1.3%. Net interest margin expanded for the ninth consecutive quarter to 2.78%, and net income rose 11.1% sequentially to $63.8M. Credit quality remained pristine with NPAs at 0.08% of loans. The results are solid but in line with expectations, with no guidance provided.
Key Financial Metrics
Key Facts
- Diluted EPS $1.47 vs consensus $1.46 (beat by 0.6%)
- Total revenue $196.9M vs consensus $199.5M (miss by 1.3%)
- Net interest margin 2.78%, up 4 bps QoQ (ninth consecutive expansion)
- Net income $63.8M, up 11.1% from linked quarter
- Share repurchases of $17.0M in Q2 2026
- Non-performing assets at 0.08% of loans, net charge-offs 0.10% annualized
- Tier 1 capital ratio 14.45%, well above regulatory minimums
Financial Impact
Revenue miss of ~$2.6M vs consensus; EPS beat of $0.01. No material financial impact.
Risk Factors
- Deposit mix shift from noninterest-bearing to higher-cost deposits could pressure NIM
- Potential Fed rate cuts may reduce earning asset yields faster than deposit costs reprice
- Hawaii's economic dependence on tourism and military spending
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000046195-26-000054 |
| Exhibit: ex992-bohearningspresent.htm | 0000046195-26-000054 |
| Document: boh-20260727.htm | 0000046195-26-000054 |
| Document: 0000046195-26-000054-index-headers.html | 0000046195-26-000054 |
| Document: 0000046195-26-000054-index.html | 0000046195-26-000054 |
| Document: 0000046195-26-000054.txt | 0000046195-26-000054 |
| 8-K Data (Synthetic) | 0000046195-26-000054 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 1d ago | 8-K | $71.29 | awaiting T+20 | — | $70.85 (+0.62%) |
Jul 27, 2026 13w ago | 8-K | $80.02 $76.85 | ▼ −3.96% | ▼ −7.26% | $70.85 (−11.46%) |
Apr 20, 2026 27w ago | 8-K | $26.37 $26.30 | ▼ −0.27% | ▼ −4.47% | $70.85 (+168.68%) |
Apr 15, 2026 27w ago | DEFA14A | $26.32 $26.45 | ▲ +0.49% | ▼ −5.32% | $70.85 (+169.19%) |
US Market Status
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