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Bank of Hawaii

NYSE:BOH
Snowflake Description

Flawless balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BOH
NYSE
$3B
Market Cap
  1. Home
  2. US
  3. Banks
Company description

Bank of Hawaii Corporation operates as the bank holding company for Bank of Hawaii that provides financial products and services in Hawaii, Guam, and other Pacific Islands. The last earnings update was 54 days ago. More info.


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BOH Share Price and Events
7 Day Returns
1.7%
NYSE:BOH
1.1%
US Banks
0.5%
US Market
1 Year Returns
-5.2%
NYSE:BOH
-8%
US Banks
0.8%
US Market
BOH Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Bank of Hawaii (BOH) 1.7% 0.1% -1.7% -5.2% 19.1% 37.7%
US Banks 1.1% 0.3% -2.4% -8% 46.4% 40.3%
US Market 0.5% 0.2% 1.1% 0.8% 37.4% 37.5%
1 Year Return vs Industry and Market
  • BOH outperformed the Banks industry which returned -8% over the past year.
  • BOH underperformed the Market in United States of America which returned 0.8% over the past year.
Price Volatility
BOH
Industry
5yr Volatility vs Market

BOH Value

 Is Bank of Hawaii undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Bank of Hawaii to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Bank of Hawaii.

NYSE:BOH Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 5 analysts.
= Stable Book Value * Return on Equity
= $32.99 * 17.9%
$5.91
Book Value of Equity per Share Weighted future Book Value estimates from 4 analysts. $32.99
Discount Rate (Cost of Equity) See below 7.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:BOH
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.59
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.593 (1 + (1- 21%) (22.24%))
0.797
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.8 * 5.96%)
7.5%

Discounted Cash Flow Calculation for NYSE:BOH using Excess Returns Model Model

The calculations below outline how an intrinsic value for Bank of Hawaii is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NYSE:BOH Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (17.9% – 7.5%) * $32.99)
$3.44
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $3.44 / (7.5% - 2.73%)
$72.11
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $32.99 + $72.11
$105.11
NYSE:BOH Discount to Share Price
Calculation Result
Value per share (USD) From above. $105.11
Current discount Discount to share price of $80.51
= -1 x ($80.51 - $105.11) / $105.11
23.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Bank of Hawaii is available for.
Intrinsic value
23%
Share price is $80.51 vs Future cash flow value of $105.11
Current Discount Checks
For Bank of Hawaii to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Bank of Hawaii's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Bank of Hawaii's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Bank of Hawaii's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Bank of Hawaii's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:BOH PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $5.41
NYSE:BOH Share Price ** NYSE (2019-06-14) in USD $80.51
United States of America Banks Industry PE Ratio Median Figure of 600 Publicly-Listed Banks Companies 12.67x
United States of America Market PE Ratio Median Figure of 3,091 Publicly-Listed Companies 17.68x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Bank of Hawaii.

NYSE:BOH PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:BOH Share Price ÷ EPS (both in USD)

= 80.51 ÷ 5.41

14.87x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bank of Hawaii is overvalued based on earnings compared to the US Banks industry average.
  • Bank of Hawaii is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Bank of Hawaii's expected growth come at a high price?
Raw Data
NYSE:BOH PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 14.87x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
1.1%per year
United States of America Banks Industry PEG Ratio Median Figure of 271 Publicly-Listed Banks Companies 1.37x
United States of America Market PEG Ratio Median Figure of 2,125 Publicly-Listed Companies 1.52x

*Line of best fit is calculated by linear regression .

NYSE:BOH PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 14.87x ÷ 1.1%

13.8x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bank of Hawaii is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Bank of Hawaii's assets?
Raw Data
NYSE:BOH PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $30.91
NYSE:BOH Share Price * NYSE (2019-06-14) in USD $80.51
United States of America Banks Industry PB Ratio Median Figure of 603 Publicly-Listed Banks Companies 1.2x
United States of America Market PB Ratio Median Figure of 5,244 Publicly-Listed Companies 1.79x
NYSE:BOH PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:BOH Share Price ÷ Book Value per Share (both in USD)

= 80.51 ÷ 30.91

2.6x

* Primary Listing of Bank of Hawaii.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bank of Hawaii is overvalued based on assets compared to the US Banks industry average.
X
Value checks
We assess Bank of Hawaii's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Bank of Hawaii has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

BOH Future Performance

 How is Bank of Hawaii expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
1.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Bank of Hawaii expected to grow at an attractive rate?
  • Bank of Hawaii's earnings growth is positive but not above the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Bank of Hawaii's earnings growth is positive but not above the United States of America market average.
  • Bank of Hawaii's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:BOH Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:BOH Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 1.1%
NYSE:BOH Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 4.4%
United States of America Banks Industry Earnings Growth Rate Market Cap Weighted Average 3.8%
United States of America Banks Industry Revenue Growth Rate Market Cap Weighted Average 3.9%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:BOH Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:BOH Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 703 231 3
2019-12-31 679 229 3
NYSE:BOH Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 645 260 224
2018-12-31 638 318 220
2018-09-30 631 238 209
2018-06-30 625 206 198
2018-03-31 620 208 188
2017-12-31 622 175 185
2017-09-30 614 250 185
2017-06-30 608 250 183
2017-03-31 609 227 182
2016-12-31 606 227 181
2016-09-30 605 188 181
2016-06-30 598 192 172

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Bank of Hawaii's earnings are expected to grow by 1.1% yearly, however this is not considered high growth (20% yearly).
  • Bank of Hawaii's revenue is expected to grow by 4.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:BOH Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Bank of Hawaii Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:BOH Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 5.75 6.00 5.64 6.00
2019-12-31 5.61 5.65 5.55 6.00
NYSE:BOH Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 5.41
2018-12-31 5.26
2018-09-30 4.98
2018-06-30 4.70
2018-03-31 4.45
2017-12-31 4.37
2017-09-30 4.37
2017-06-30 4.31
2017-03-31 4.29
2016-12-31 4.26
2016-09-30 4.22
2016-06-30 3.99

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Bank of Hawaii will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Bank of Hawaii's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Bank of Hawaii has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

BOH Past Performance

  How has Bank of Hawaii performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Bank of Hawaii's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Bank of Hawaii's year on year earnings growth rate has been positive over the past 5 years.
  • Bank of Hawaii's 1-year earnings growth exceeds its 5-year average (19.6% vs 6.7%)
  • Bank of Hawaii's earnings growth has not exceeded the US Banks industry average in the past year (19.6% vs 39.5%).
Earnings and Revenue History
Bank of Hawaii's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Bank of Hawaii Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:BOH Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 644.81 224.36 295.04
2018-12-31 638.19 219.60 292.00
2018-09-30 630.63 208.64 290.22
2018-06-30 624.82 197.59 287.54
2018-03-31 619.85 187.54 282.18
2017-12-31 622.44 184.67 278.31
2017-09-30 613.68 185.23 274.90
2017-06-30 607.92 182.84 275.07
2017-03-31 608.64 182.43 273.30
2016-12-31 606.10 181.46 270.40
2016-09-30 605.27 180.78 268.24
2016-06-30 598.26 171.56 264.14
2016-03-31 588.61 168.47 262.97
2015-12-31 576.94 160.70 260.38
2015-09-30 575.75 159.06 264.05
2015-06-30 577.63 166.56 263.86
2015-03-31 575.23 166.89 262.37
2014-12-31 564.54 163.04 258.93
2014-09-30 559.49 160.91 257.02
2014-06-30 552.50 156.84 258.31
2014-03-31 546.79 153.11 257.43
2013-12-31 545.13 150.50 258.35
2013-09-30 548.52 151.73 260.72
2013-06-30 557.92 155.26 262.50
2013-03-31 566.64 158.25 266.69
2012-12-31 575.98 166.08 262.89
2012-09-30 570.12 165.02 262.28
2012-06-30 570.16 167.09 255.19

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Bank of Hawaii has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Bank of Hawaii used its assets more efficiently than the US Banks industry average last year based on Return on Assets.
  • Unable to establish if Bank of Hawaii improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Bank of Hawaii's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Bank of Hawaii has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

BOH Health

 How is Bank of Hawaii's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Bank of Hawaii's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Bank of Hawaii Company Filings, last reported 2 months ago.

NYSE:BOH Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 1,269.69 733.77 557.53
2018-12-31 1,268.20 649.89 468.27
2018-09-30 1,253.33 708.09 351.77
2018-06-30 1,247.72 756.38 692.97
2018-03-31 1,241.19 754.73 579.39
2017-12-31 1,231.87 775.70 385.17
2017-09-30 1,227.89 784.11 773.10
2017-06-30 1,213.76 784.22 886.51
2017-03-31 1,193.14 789.19 756.17
2016-12-31 1,161.54 813.52 739.94
2016-09-30 1,163.86 847.83 658.59
2016-06-30 1,157.22 881.76 774.01
2016-03-31 1,138.75 831.15 810.89
2015-12-31 1,116.26 895.60 670.39
2015-09-30 1,098.35 927.65 503.88
2015-06-30 1,082.94 866.66 772.42
2015-03-31 1,075.25 871.01 791.98
2014-12-31 1,055.09 887.73 459.79
2014-09-30 1,057.41 900.26 570.43
2014-06-30 1,050.80 947.21 962.44
2014-03-31 1,028.90 1,002.43 565.69
2013-12-31 1,011.98 976.69 391.32
2013-09-30 992.69 1,056.39 414.80
2013-06-30 986.37 1,077.69 501.26
2013-03-31 1,026.10 1,022.74 318.77
2012-12-31 1,021.67 931.92 301.87
2012-09-30 1,024.56 895.74 458.07
2012-06-30 1,003.83 1,144.98 677.11
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Bank of Hawaii has an acceptable proportion of non-loan assets held.
  • Bank of Hawaii's liabilities are made up of primarily low risk sources of funding.
  • Loans at Bank of Hawaii are broadly funded by customer deposits.
  • Bank of Hawaii's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • Bank of Hawaii has a sufficient allowance for bad loans.
  • Bank of Hawaii has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Bank of Hawaii's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Bank of Hawaii has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

BOH Dividends

 What is Bank of Hawaii's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.23%
Current annual income from Bank of Hawaii dividends. Estimated to be 3.29% next year.
If you bought $2,000 of Bank of Hawaii shares you are expected to receive $65 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Bank of Hawaii's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.47%).
  • Bank of Hawaii's dividend is below the markets top 25% of dividend payers in United States of America (3.71%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:BOH Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
United States of America Banks Industry Average Dividend Yield Market Cap Weighted Average of 478 Stocks 2.9%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2011 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:BOH Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 2.72 5.00
2019-12-31 2.57 5.00
NYSE:BOH Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-04-22 2.600 3.237
2019-03-01 2.480 3.079
2019-01-28 2.480 3.069
2018-10-22 2.480 3.327
2018-07-23 2.400 2.948
2018-04-23 2.400 2.817
2018-02-28 2.080 2.485
2018-01-22 2.080 2.486
2017-07-24 2.080 2.521
2017-04-24 2.000 2.464
2017-02-27 2.000 2.441
2017-01-23 2.000 2.345
2016-10-24 1.920 2.280
2016-07-25 1.920 2.694
2016-04-25 1.920 2.781
2016-01-25 1.800 2.775
2015-10-26 1.800 2.815
2015-07-27 1.800 2.803
2015-04-20 1.800 2.801
2014-10-27 1.800 3.047
2014-07-28 1.800 3.144
2014-04-21 1.800 3.168
2014-02-25 1.800 3.049
2014-01-27 1.800 3.175
2013-07-22 1.800 3.197
2013-04-22 1.800 3.588
2012-10-22 1.800 3.861
2012-07-23 1.800 3.885
2012-04-23 1.800 3.860
2012-01-23 1.800 3.832
2011-10-24 1.800 4.170
2011-07-25 1.800 4.551
2011-04-18 1.800 3.844
2011-01-24 1.800 3.828
2010-10-25 1.800 3.932
2010-07-26 1.800 3.861
2010-01-25 1.800 3.826
2009-10-26 1.800 3.885
2009-07-27 1.800 4.437

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Bank of Hawaii's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.2x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Bank of Hawaii's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Bank of Hawaii afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Bank of Hawaii has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

BOH Management

 What is the CEO of Bank of Hawaii's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Peter Ho
COMPENSATION $5,205,426
AGE 53
TENURE AS CEO 8.9 years
CEO Bio

Mr. Peter S. Ho has been the President of the Bank at Hawaii Corporation since April 2008 and has been its Chief Executive Officer since July 30, 2010. Mr. Ho served as Chief Banking Officer of Bank of Hawaii Corporation from January 2, 2006 to July 30, 2010 and its Vice Chairman of Hawaii-Commercial Banking since January 2, 2006. Mr. Ho served as the Vice Chairman of Investment Services Group for Bank of Hawaii Corp. from April 2004 to December 2005. He served as an Executive Vice President of Hawaii Commercial Banking Group from January 2003 to April 26, 2004. Mr. Ho served as an Executive Vice President, Corporate Banking and Commercial Real Estate from January 2002 to January 2003, Senior Vice President, Corporate Banking from October 1999 to January 2002 and Vice President and Corporate Banking Officer from April 1996 to October 1999. He served as Executive Vice President, Senior Vice President, Vice President at Bank of Hawaii-Corporate Banking from 1996 to 2003. He has been the Chairman of Bank of Hawaii Corporation since July 30, 2010. He served as Vice Chairman at Bank of Hawaii Corporation since January 2006 until April 2008. Mr. Ho joined Bank Of Hawaii Corporation in 1993. Subsequently, He managed Several Commercial Banking Units And In 2003 Assumed Responsibility for the Bank's Hawaii Commercial Banking Group. He has been a Director of Bank of Hawali at Bank of Hawaii Corporation since April 24, 2009. He serves as Member of Managing Committee at Bank of Hawaii Leasing, Inc. He is a member of the Hawaii Bankers Association, Financial Services Roundtable, Hawaii Business Roundtable and the Chamber of Commerce of Hawaii's Military Affairs Council. Mr. Ho serves On The Boards Of Community Organizations including Hanahauoli School, The Hawaii Chapter Of The American Red Cross, The Nature Conservancy Of Hawaii, Special Olympics Of Hawaii, The Historic Hawaii Foundation, The Hawaii Community Foundation, Oceanic Institute and University Of Hawaii - Ahahui Koa Anuenue. He served as a Director at Federal Reserve Bank of San Francisco since January 01, 2013 to 2019. He served as a Trustee at Pacific Capital Funds- Growth and Income Fund since May 2004. He served as Trustee at Hawai'i Pacific University. Mr. Ho served as Chairman of the Hawaii Host Committee for the APEC Summit hosted by the President and held in Honolulu in 2011. He holds a Bachelor of Science degree in Business Administration and an MBA from the University of Southern California, where he was the 1992 First Interstate Bank Fellow.

CEO Compensation
  • Peter's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Peter's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Bank of Hawaii management team in years:

6.3
Average Tenure
62.5
Average Age
  • The average tenure for the Bank of Hawaii management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Peter Ho

TITLE
Chairman
COMPENSATION
$5M
AGE
53
TENURE
8.9 yrs

Dean Shigemura

TITLE
Vice Chair & CFO
COMPENSATION
$1M
AGE
54
TENURE
2.3 yrs

Mark Rossi

TITLE
Vice Chair
COMPENSATION
$2M
AGE
69
TENURE
12.3 yrs

Mary G. Bitterman

TITLE
Lead Independent Director
COMPENSATION
$187K
AGE
73

Mary Sellers

TITLE
Vice Chair & Chief Risk Officer
COMPENSATION
$2M
AGE
61
TENURE
16 yrs

James Polk

TITLE
Vice Chair of Consumer Lending & Deposit Product and Consumer & Residential Lending
COMPENSATION
$1M
AGE
51
TENURE
2.9 yrs

Sheh Bertram

TITLE
Senior EVP & Chief Information Officer
TENURE
3.8 yrs

Cindy Wyrick

TITLE
Executive VP & Director of Investor Relations

Kent Lucien

TITLE
Vice Chair
COMPENSATION
$870K
AGE
64
TENURE
2.3 yrs

Peter Biggs

TITLE
Vice Chairman and Chief Retail Officer
COMPENSATION
$2M
AGE
66
TENURE
13.2 yrs
Board of Directors Tenure

Average tenure and age of the Bank of Hawaii board of directors in years:

14.2
Average Tenure
67
Average Age
  • The average tenure for the Bank of Hawaii board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Peter Ho

TITLE
Chairman
COMPENSATION
$5M
AGE
53
TENURE
8.9 yrs

Mary G. Bitterman

TITLE
Lead Independent Director
COMPENSATION
$187K
AGE
73
TENURE
20.4 yrs

Kent Lucien

TITLE
Vice Chair
COMPENSATION
$870K
AGE
64
TENURE
13.2 yrs

Bub Wo

TITLE
Director
COMPENSATION
$154K
AGE
65
TENURE
17.4 yrs

Mark Burak

TITLE
Director
COMPENSATION
$152K
AGE
69
TENURE
10.2 yrs

Bob Huret

TITLE
Director
COMPENSATION
$152K
AGE
73
TENURE
19.4 yrs

Barbara Tanabe

TITLE
Director
COMPENSATION
$151K
AGE
69
TENURE
15.2 yrs

S. Apoliona

TITLE
Director
COMPENSATION
$140K
AGE
69
TENURE
15.2 yrs

Ray Vara

TITLE
Director
COMPENSATION
$152K
AGE
48
TENURE
6.2 yrs

Victor Nichols

TITLE
Director
COMPENSATION
$145K
AGE
61
TENURE
4.9 yrs
Who owns this company?
Recent Insider Trading
  • Bank of Hawaii insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
14. May 19 Sell James Polk Individual 10. May 19 10. May 19 -6,176 $80.82 $-499,144
07. Nov 18 Sell Barbara Tanabe Individual 05. Nov 18 05. Nov 18 -500 $80.00 $-40,000
10. Aug 18 Sell Barbara Tanabe Individual 09. Aug 18 09. Aug 18 -613 $83.23 $-51,020
30. Jul 18 Sell Mary G. Bitterman Individual 26. Jul 18 26. Jul 18 -367 $81.91 $-30,060
X
Management checks
We assess Bank of Hawaii's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Bank of Hawaii has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

BOH News

Simply Wall St News

Is Bank of Hawaii Corporation's (NYSE:BOH) CEO Overpaid Relative To Its Peers?

This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … See our latest analysis for Bank of Hawaii How Does Peter Ho's Compensation Compare With Similar Sized Companies? … Our data indicates that Bank of Hawaii Corporation is worth US$3.2b, and total annual CEO compensation is US$5.2m.

Simply Wall St -

Bank of Hawaii Corporation (NYSE:BOH) Will Pay US$0.65 In Dividends

See our latest analysis for Bank of Hawaii Here's how I find good dividend stocks When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas: Does it pay an annual yield higher than 75% of dividend payers? … NYSE:BOH Historical Dividend Yield, May 27th 2019 Does Bank of Hawaii pass our checks? … Relative to peers, Bank of Hawaii produces a yield of 3.3%, which is high for Banks stocks but still below the market's top dividend payers.

Simply Wall St -

I Ran A Stock Scan For Earnings Growth And Bank of Hawaii (NYSE:BOH) Passed With Ease

But as Peter Lynch said in One Up On Wall Street, 'Long shots almost never pay off.' In contrast to all that, I prefer to spend time on companies like Bank of Hawaii (NYSE:BOH), which has not only revenues, but also profits. … See our latest analysis for Bank of Hawaii How Fast Is Bank of Hawaii Growing? … Therefore, there are plenty of investors who like to buy shares in companies that are growing EPS.

Simply Wall St -

How Much Of Bank of Hawaii Corporation (NYSE:BOH) Do Institutions Own?

We also tend to see lower insider ownership in companies that were previously publicly owned. … Bank of Hawaii is a pretty big company. … Our analysis of the ownership of the company, below, shows that.

Simply Wall St -

Are You Considering All The Risks For Bank of Hawaii Corporation’s (NYSE:BOH)?

As a small-cap bank with a market capitalisation of US$3.3b, Bank of Hawaii Corporation’s (NYSE:BOH) profit and value are directly affected by economic activity. … Risk associate with repayment is measured by the level of bad debt which is an expense written off Bank of Hawaii’s bottom line. … Today we will analyse Bank of Hawaii’s level of bad debt and liabilities in order to understand the risk involved with investing in the bank.

Simply Wall St -

How Bank of Hawaii Corporation (NYSE:BOH) Can Impact Your Portfolio Volatility

Every stock in the market is exposed to this volatility, which is linked to the fact that stocks prices are correlated in an efficient market. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

Simply Wall St -

Is Now An Opportune Moment To Examine Bank of Hawaii Corporation (NYSE:BOH)?

Bank of Hawaii Corporation (NYSE:BOH), operating in the financial services industry based in United States,. … As a mid-cap stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock? … Let’s take a look at Bank of Hawaii’s outlook and value based on the most recent financial data to see if the opportunity still exists

Simply Wall St -

Did Bank of Hawaii Corporation (NYSE:BOH) Insiders Sell Shares?

So shareholders might well want to know whether insiders have been buying or selling shares in Bank of Hawaii Corporation (NYSE:BOH). … The Last 12 Months Of Insider Transactions At Bank of Hawaii. … In total, Bank of Hawaii insiders sold more than they bought over the last year.

Simply Wall St -

The Bank of Hawaii Share Price Has Gained 40% And Shareholders Are Hoping For More

Unfortunately for shareholders, while the Bank of Hawaii Corporation (NYSE:BOH) share price is up 40% in the last five years, that's less than the market return. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … During five years of share price growth, Bank of Hawaii achieved compound earnings per share (EPS) growth of 9.2% per year.

Simply Wall St -

Should You Be Concerned About Bank of Hawaii Corporation’s (NYSE:BOH) Liquidity?

As a small-cap bank stock with a market capitalisation of US$3.3b, Bank of Hawaii Corporation’s (NYSE:BOH) risk and profitability are largely determined by the underlying economic growth of the US regions in which it operates. … The Basel III reforms are aimed at banking regulations to improve financial institutions’ ability to absorb shocks caused by economic stress which could expose banks like Bank of Hawaii to vulnerabilities. … Today we will be measuring Bank of Hawaii’s financial risk position by looking at three leverage and liquidity metrics.

Simply Wall St -

BOH Company Info

Description

Bank of Hawaii Corporation operates as the bank holding company for Bank of Hawaii that provides financial products and services in Hawaii, Guam, and other Pacific Islands. It operates through four segments: Retail Banking, Commercial Banking, Investment Services and Private Banking, and Treasury and Other. The Retail Banking segment offers financial products and services to consumers and small businesses. It offers checking, savings, and time deposit accounts; loan and lease products, including residential mortgage loans, home equity lines of credit, automobile loans and leases, personal lines of credit, installment loans, small business loans and leases, and credit cards; and retail insurance products. This segment provides its products and services through 69 branch locations and 382 ATMs in Hawaii and the Pacific Islands, as well as through a customer service center, and online and mobile banking. The Commercial Banking segment’s product lines comprise corporate banking, commercial real estate loans, commercial lease financing, auto dealer financing, and deposit products. It offers commercial lending and deposit products to middle-market and large companies, and government entities; and commercial real estate mortgages to investors, developers, and builders. This segment also provides international banking and merchant services. The Investment Services and Private Banking segment offers private and international client banking, trust, investment management, and institutional investment advisory services for individuals and families, high-net-worth individuals, corporations, government entities, and foundations. This segment also provides brokerage offering equities, mutual funds, life insurance, and annuity products. The Treasury and Other segment offers corporate asset and liability management services, such as interest rate risk management and foreign exchange services. Bank of Hawaii Corporation was founded in 1897 and is headquartered in Honolulu, Hawaii.

Details
Name: Bank of Hawaii Corporation
BOH
Exchange: NYSE
Founded: 1897
$3,299,944,846
40,988,012
Website: http://www.boh.com
Address: Bank of Hawaii Corporation
130 Merchant Street,
Honolulu,
Hawaii, 96813,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE BOH Common Stock New York Stock Exchange US USD 28. Apr 1972
Number of employees
Current staff
Staff numbers
2,112
Bank of Hawaii employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/15 23:33
End of day share price update: 2019/06/14 00:00
Last estimates confirmation: 2019/05/28
Last earnings filing: 2019/04/22
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.