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Mar 31, 2022
Bank of Hawaii Q1 2022 Earnings Report
Bank of Hawaii reported earnings increase, driven by solid operating performance with momentum in core loan and deposit growth and expansion in core net interest margin.
Key Takeaways
Bank of Hawaii Corporation reported diluted earnings per common share of $1.32 for Q1 2022, a decrease compared to both the previous quarter ($1.55) and the same quarter last year ($1.50). Net income for the quarter was $54.8 million, down 14.1% from the previous quarter and 8.5% from the same quarter last year. The company saw good continuing momentum in core loan and deposit growth and expansion in core net interest margin.
Diluted earnings per common share were $1.32.
Net income was $54.8 million.
Net interest income for the quarter was $125.3 million, an increase of 3.9% from the first quarter of 2021.
Total assets were $23.0 billion at March 31, 2022, an increase of 4.8% from March 31, 2021.
Revenue by Segment
Forward Guidance
This news release does not contain forward guidance.
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