Bank of Hawaii Q4 2023 Earnings Report
Key Takeaways
Bank of Hawaii Corporation reported a decrease in net income and diluted earnings per share for Q4 2023 compared to the previous quarter and the same quarter of 2022. The results were impacted by an industry-wide FDIC special assessment of $14.7 million. However, total deposits were up 2.1% from the prior year and credit quality remained excellent.
Diluted earnings per common share was $0.72.
Net income was $30.4 million.
Net interest income decreased by 17.7% year over year to $115.8 million.
Noninterest expense increased by 12.9% year over year to $116.0 million, including a $14.7 million FDIC special assessment.
Bank of Hawaii
Bank of Hawaii
Forward Guidance
The document does not contain explicit forward guidance. It mentions the company's focus on strengthening its balance sheet and its positioning to deliver strong results in 2024, but it lacks specific financial targets or projections.