Bank Of Hawaii Q4 Profit Halves, Misses Estimates
(RTTNews) - Bank of Hawaii Corp. (BOH) reported Monday that net income available to common shareholders for the fourth quarter decreased to $28.43 million or $0.72 per share from $59.34 million or $1.50 per share in the prior-year quarter.
The company noted that industry-wide FDIC Special Assessment resulted in a $14.7 million charge in the fourth quarter of 2023, which negatively impacted earnings by $0.29 per share.
Net interest income, on a taxable-equivalent basis, for the quarter was $115.79 million, down 17.7 percent from $140.74 million in the year-ago quarter. Total noninterest income grew 2.7 percent to $42.28 million from $41.17 million last year.
On average, analysts polled by Thomson Reuters expected the company to report earnings of $1.00 per share on revenues of $161.51 million for the quarter. Analysts' estimates typically exclude special items.
The Company's Board of Directors also declared a quarterly cash dividend of $0.70 per share on the Company's outstanding shares, payable on March 14, 2024 to shareholders of record at the close of business on February 29, 2024.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com
Bank Of Hawaii Q2 Profit Declines, Misses Estimates
Bank Of Hawaii Q2 Profit Declines, But Tops Estimates
Sensex, Nifty Extend Gains For Sixth Day On GST Optimism
Pound Rises Against Majors
European Shares Subdued Ahead Of Jackson Hole Summit
Indian Rupee Rises To 2-day High On Upbeat India's PMI Data
Asian Shares Mixed As Investors Await Powell Speech
