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Mar 31, 2023
Bank of Hawaii Q1 2023 Earnings Report
Bank of Hawaii reported solid operating performance amidst a challenging macro environment in the first quarter of 2023.
Key Takeaways
Bank of Hawaii Corporation reported diluted earnings per common share of $1.14 for the first quarter of 2023, a decrease compared to both the previous quarter and the same quarter of 2022. Net income for the quarter was $46.8 million, also down from prior periods. Despite these declines, average deposits grew slightly, and loan portfolios saw growth.
Diluted earnings per common share were $1.14, down from $1.50 in the previous quarter and $1.32 in the same quarter of 2022.
Net income was $46.8 million, a decrease of 23.6% from the previous quarter and 14.6% from the same quarter of 2022.
Average deposits increased by 0.4% compared to the previous quarter.
Loans grew by 1.3% on a linked quarter basis, with growth in both consumer and commercial portfolios.
Revenue by Segment
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Avg. Return Before/After Earnings
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