Bank of Hawaii Q2 2026: EPS of $1.47 as NIM Expands for Ninth Straight Quarter
BOH sits 49% above its 52-week low of $59.36 on elevated volume (2.3× avg).
Summary
Bank of Hawaii posted Q2 2026 EPS of $1.47, beating the linked quarter by 13%, as net interest margin expanded for the ninth consecutive quarter to 2.78%. Credit quality remains excellent, and the bank repurchased $17 million in shares.
Key Events · Earnings and Guidance · BOH
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Q2 2026 Earnings Beat
Net income reached $63.8 million, or $1.47 per diluted share, up 11.1% from Q1 2026 and 34% year-over-year. Return on average common equity hit 15.47%.
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Ninth Consecutive Quarter of NIM Expansion
Driven by fixed-rate asset repricing and disciplined deposit cost management, net interest margin increased 4 basis points sequentially to 2.78%. Net interest income rose 1.7% to $153.6 million.
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Pristine Credit Quality
Non-performing assets fell to 0.08% of loans, net charge-offs were 0.10% annualized, and the allowance for credit losses remained robust at 1.03% of loans.
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Share Repurchases of $17 Million
The company bought back 216,000 shares in Q2 2026, with $88.9 million remaining under its repurchase authorization. Book value per share rose to $38.81.
Analysis · BOH · Finance
A solid quarter saw net income climb 11% sequentially to $63.8 million, or $1.47 per share, fueled by a ninth consecutive quarter of net interest margin expansion to 2.78%. Loan growth was modest at 2.6% annualized, while credit quality remains pristine with net charge-offs of just 0.10%. Signaling confidence in its capital position, the bank repurchased $17 million in shares. Although the results are strong, the stock is trading near its 52-week high, and the market may have already priced in much of the positive momentum. The key question is whether NIM expansion can continue if the Fed cuts rates, as the bank's deposit beta has been slow to decline.
At the time of this filing, BOH was trading at $88.26 on NYSE in the Finance sector, with a market capitalization of approximately $3.3B. The 52-week trading range was $59.36 to $86.31. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.