BOH
Bank of Hawaii Corporation
BOH's fundamentals are strong: its operating margin rose 7 points to 41% and revenue grew 13%. At 12x earnings, it's trading below its usual 15x. Analysts expect earnings growth.
BOH Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
BOH's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like BOH.
BOH PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 11x | $69.51 | — |
| Cheap | 12x | $69.10 | -0.6% |
| Current | 12x | $69.51 | — |
| Fair | 15x | $84.23 | +21% |
| Expensive | 19x | $106 | +53% |
Historical ranges are pointers, not guarantees.
BOH's PE is in its cheap range at 12x. If earnings grow as analysts expect, today's price would be 11x next year's earnings.
BOH Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for BOH, with profitability improving.
BOH Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $6.43 | +14% |
| Q3 2026 | $5.66 | +39% |
| Q2 2026 | $5.37 | +41% |
| Q1 2026 | $4.96 | +39% |
| Q4 2025 | $4.63 | +34% |
| Q3 2025 | $4.08 | +23% |
| Q2 2025 | $3.81 | +7% |
| Q1 2025 | $3.56 | -8% |
| Q4 2024 | $3.46 | -16% |
BOH earned $5.66 per share over the past year, up 39% from the year before.
BOH Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $198.8M | +8.8% |
| Q2 2026 | $196.9M | +13% |
| Q1 2026 | $192.3M | +13% |
| Q4 2025 | $189.6M | +16% |
| Q3 2025 | $182.6M | +12% |
| Q2 2025 | $174.5M | +11% |
| Q1 2025 | $169.9M | +8.7% |
| Q4 2024 | $163.2M | +3.3% |
BOH's revenue has grown year over year for eight quarters in a row: $199M last quarter, up 8.8% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 42% | +5 points |
| Q2 2026 | 42% | +7.1 points |
| Q1 2026 | 39% | +5.7 points |
| Q4 2025 | 41% | +9.4 points |
| Q3 2025 | 37% | +4.8 points |
| Q2 2025 | 35% | +5.8 points |
| Q1 2025 | 33% | +2.1 points |
| Q4 2024 | 32% | +6.5 points |
BOH's operating margin was 42% last quarter, up 5 points from the same quarter a year ago.
BOH Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $93M | +212% |
| Q2 2026 | $84.9M | +17% |
| Q1 2026 | $18.2M | +78% |
| Q4 2025 | $71.6M | -26% |
| Q3 2025 | $29.8M | +$53.7M |
| Q2 2025 | $72.6M | +72% |
| Q1 2025 | $10.2M | -81% |
| Q4 2024 | $96.3M | +342% |
BOH's free cash flow was $268M over the past year, up 28% from the year before. Free cash flow isn't a meaningful measure for financial services companies like BOH.
BOH Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.5% | -182K shares |
| 1 year | -1.1% | -428K shares |
| 3 years | +0.3% | +133K shares |
| 5 years | -1.3% | -528K shares |
| Available history | -2.7% | -1.1M shares |
BOH has 40M diluted shares, down 1.1% from a year ago, with $54M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $20.2M |
| Q2 2026 | $17M |
| Q1 2026 | $15.1M |
| Q4 2025 | $1.3M |
| Q3 2025 | $135,000 |
| Q2 2025 | $286,000 |
| Q1 2025 | $3.3M |
| Q4 2024 | $161,000 |
BOH spent $54M buying back its own shares over the past year, more than ten times what it spent the year before.
BOH Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.2x | Healthy |
| Q2 2026 | 0.2x | Very low |
| Q1 2026 | 0.4x | Very low |
| Q4 2025 | -1.4x | Net Cash |
| Q3 2025 | -1.7x | Net Cash |
| Q2 2025 | -0.9x | Net Cash |
| Q1 2025 | -1.7x | Net Cash |
| Q4 2024 | -0.9x | Net Cash |
BOH's net debt is about 1.2 years of its operating earnings (EBITDA), after holding more cash than debt a year ago. Net leverage isn't a meaningful measure for financial services companies like BOH.
BOH Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 39.4 | Neutral |
| Stochastic | 26.7 | Neutral |
BOH's weekly RSI is 39 (neutral) and its Stochastic is 27 (neutral).
BOH PE vs Financial Services Sector
| Metric | BOH | Sector median | Relative |
|---|---|---|---|
| PE | 12x | 13x | 5.7% below |
| PE % | 17 | 63 | 46 pts below |
BOH is trading at 12x earnings, in line with the Financial Services sector's median of 13x.
BOH Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $69.3 | 0.3% above |
| 20 week MA | $75.6 | 8% below |
| 50 week MA | $75.4 | 7.8% below |
| 100 week MA | $71.4 | 2.6% below |
| 200 week MA | $65.5 | 6.1% above |
BOH's trend is mixed: it's above two of its five weekly moving averages, and 6.1% above its 200-week average.
BOH Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $94.8 | $77.0 | -19% |
| 2021 | $77.0 | $83.4 | +8.2% |
| 2022 | $83.4 | $76.8 | -7.9% |
| 2023 | $76.8 | $72.5 | -5.7% |
| 2024 | $72.5 | $70.4 | -2.9% |
| 2025 | $70.4 | $70.0 | -0.6% |
| 2026 YTD | $70.0 | $69.5 | -0.7% |
BOH has finished four years in a row lower, and it's down 0.7% so far in 2026.