Bank of Hawaii: 4.3% Yield, Mixed Key Metrics

  • We issue a hold rating on Bank of Hawaii as shares remain range-bound, while the 4.3% dividend yield is attractive and key metrics are mixed. Q2 earnings were mixed: revenue grew 11.4% year-over-year but missed expectations, while EPS beat consensus and margins improved. Loan and deposit balances declined sequentially, but asset quality showed improvement with lower charge-offs and better efficiency.