Bank of Hawaii (BOH)

NYSEFinancialsBanks - RegionalSnapshot 2026-10-23

$70.60+0.48%

Close 2026-10-23 · 1-day change

Investment OutlookAs of Oct 24, 2026

What could strengthen or challenge Bank of Hawaii’s outlook?

The long-term thesis, the evidence coming in, and the environment around it. Thesis dated Jul 8, 2026.

Higher potential upsideImproving expectations

Next-FY EPS estimate change · 30 days

-0.8%

+10% or more+5%0%−5%−10% or less

6.66 → 6.61 EPS · FY ending Dec 31, 2027 · 6 analysts

Higher risk of downsideWeakening expectations

One observable signal. This measures changing earnings expectations, not the probability of a gain or loss.

How this is measured

Change in the same fiscal period’s mean EPS estimate from Sep 24, 2026 to Oct 24, 2026: (new ÷ prior − 1). Contributor count changed from 5 to 6; this is not the number of analysts revising. Source: FMP consensus snapshots. The ±10% axis is a display range.

Measure / period	Management expectations	Analyst expectations
Quarter ending 2026-12-30
Revenue	—	206.35M
EPS	—	1.582
Annual ending 2026-12-31
Revenue	—	802.14M
EPS	—	5.97
Annual ending 2027-12-31
Revenue	—	852.81M
EPS	—	6.608

Management figures unavailable.

What the Thesis Depends On

4 published thesis conditions, with dated milestones shown separately.

Key Factor	Why It Matters	Current Status	Break Condition	Latest Evidence
Maintain dividend payout at $0.7 per share	The dividend stays steady at $0.7 per share, supporting shareholder returns.	Intact	dividend per share falls below $0.7 in any quarter	Dividend per share: $0.70 per share FY2026-Q2; GAAP. Published target: >= $0.7 dividend per share next 4 quarters. Target period is not explicitly aligned with this observation. Source published Jul 27, 20260.7 USD/share · source valueSource reportLast status assessment Oct 24, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jun 30, 2026 Source: company_financial_results. Reference: c0eb5ab7-c662-4024-860f-89da6cd8e5e6. Source status: eligible. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management context Stated as a priority in 2 of last 2 quarters. The dividend per share was consistently $0.70 in both 2026-Q1 and 2026-Q2, reflecting stable dividend payments. Management has maintained this payout level, delivering on the commitment to consistent dividends. Delivery assessment Oct 24, 2026
EPS at or above $6.01 for fiscal 2026	Analysts expect EPS near $6 for fiscal 2026, signaling stable profits.	Improving	EPS falls below $5.5 in fiscal 2026	Diluted EPS: $1.47 per share FY2026-Q2; GAAP. Published target: >= $6.01 EPS for fiscal 2026. Target period ends 2026-12-31; this observation covers 2026-Q2. Source published Jul 27, 20261.47 USD/share · source valueSource reportLast status assessment Oct 24, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jun 30, 2026 Source: company_financial_results. Reference: c0eb5ab7-c662-4024-860f-89da6cd8e5e6. Source status: eligible. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.
Net income growth to at least $57.43M by 2026-Q1	Bank of Hawaii grows net income from $44M to $57M in one year.	Intact	net income falls below $43.99M in any quarter after 2026-Q1	Net income: $63.799M FY2026-Q2; GAAP. Published target: >= $57.43M net income by 2026-Q1. The stored target says 2026-Q1; this source reports FY2026-Q2. Fiscal/calendar alignment needs review. Source published Jul 27, 202663,799,000 USD · source valueSource reportLast status assessment Oct 24, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jun 30, 2026 Source: company_financial_results. Reference: c0eb5ab7-c662-4024-860f-89da6cd8e5e6. Source status: eligible. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management context Stated as a priority in 2 of last 2 quarters. Net income increased from $57.4 million in 2026-Q1 to $63.8 million in 2026-Q2, an 11.1% rise. This growth aligns with management’s focus on steady execution and disciplined balance sheet management, indicating delivering progress. Delivery assessment Oct 24, 2026
Operating income improvement to at least $74.5M by 2026-Q1	Operating income rose from $56M to $74M, showing efficiency gains.	Intact	operating income falls below $56.16M in any quarter after 2026-Q1	Operating income: $82.177M FY2026-Q2; GAAP. Published target: >= $74.5M operating income by 2026-Q1. The stored target says 2026-Q1; this source reports FY2026-Q2. Fiscal/calendar alignment needs review. Source published Jul 28, 202682,177,000 USD · source valueSource reportLast status assessment Oct 24, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jun 30, 2026 Source: stock_quarterly_financials_fmp. Reference: 2026-Q2. Source status: unverified. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management context Stated as a priority in 2 of last 2 quarters. Operating income rose from $74.5 million in 2026-Q1 to $82.1 million in 2026-Q2, supported by net interest margin expansion from 2.74% to 2.78%. Noninterest expense decreased 4.2% in 2026-Q2, indicating delivering progress on enhancing operating income. Delivery assessment Oct 24, 2026

Stored thesis · Jul 8, 2026. Latest Evidence uses source-matched measurements where available, alongside the last thesis-monitor assessment. Source periods and assessment dates are shown separately. A new measurement does not automatically change the published status or verify an older target.

Incoming Evidence

Compare these dated observations with the operating requirements above

Expectations trend

Same fiscal period

FY2027 · fiscal year ending 2027-12-31 · fmp

FY2027 EPS$6.61

$6.87 → $6.61 · observed estimates

FY2027 revenueUnavailable

Unavailable → Unavailable · observed estimates

Exact estimates & source dates

One fiscal period and provider throughout. At least five contributors are required for each plotted metric; missing coverage stays a gap. Axes show the observed range. Counts measure coverage, not revisions.

FY2027 estimate observations · fmp
Snapshot	EPS	Revenue	EPS / revenue analysts
2026-07-24	$6.87	Unavailable	7 / 4
2026-07-25	$6.87	Unavailable	7 / 4
2026-07-26	$6.87	Unavailable	7 / 4
2026-07-27	$6.87	Unavailable	7 / 4
2026-07-28	$6.87	Unavailable	7 / 4
2026-07-29	$6.79	Unavailable	7 / 4
2026-07-30	$6.79	Unavailable	7 / 4
2026-07-31	$6.79	Unavailable	7 / 4
2026-08-01	$6.82	Unavailable	5 / 3
2026-08-02	$6.78	Unavailable	7 / 4
2026-08-03	$6.78	Unavailable	7 / 4
2026-08-04	$6.78	Unavailable	7 / 4
2026-08-05	$6.68	$854,735,400	7 / 5
2026-08-06	$6.68	$854,735,400	7 / 5
2026-08-07	$6.78	Unavailable	5 / 3
2026-08-08	$6.78	Unavailable	5 / 3
2026-08-09	$6.68	$854,735,400	7 / 5
2026-08-10	$6.68	$854,735,400	7 / 5
2026-08-11	$6.78	Unavailable	5 / 3
2026-08-12	$6.68	$854,735,400	7 / 5
2026-08-13	$6.78	Unavailable	5 / 3
2026-08-14	$6.78	Unavailable	5 / 3
2026-08-15	$6.78	Unavailable	5 / 3
2026-08-16	$6.78	Unavailable	5 / 3
2026-08-17	$6.78	Unavailable	5 / 3
2026-08-18	$6.78	Unavailable	5 / 3
2026-08-19	$6.78	Unavailable	5 / 3
2026-08-20	$6.69	Unavailable	5 / 4
2026-08-21	$6.69	Unavailable	5 / 4
2026-08-22	$6.69	Unavailable	5 / 4
2026-08-23	$6.69	Unavailable	5 / 4
2026-08-24	$6.69	Unavailable	5 / 4
2026-08-25	$6.69	Unavailable	5 / 4
2026-08-26	$6.69	Unavailable	5 / 4
2026-08-27	$6.69	Unavailable	5 / 4
2026-08-28	$6.69	Unavailable	5 / 4
2026-08-29	$6.69	Unavailable	5 / 4
2026-08-30	$6.69	Unavailable	5 / 4
2026-08-31	$6.69	Unavailable	5 / 4
2026-09-01	$6.69	Unavailable	5 / 4
2026-09-02	$6.69	Unavailable	5 / 4
2026-09-03	$6.69	Unavailable	5 / 4
2026-09-04	$6.69	Unavailable	5 / 4
2026-09-05	$6.69	Unavailable	5 / 4
2026-09-06	$6.69	Unavailable	5 / 4
2026-09-07	$6.69	Unavailable	5 / 4
2026-09-08	$6.69	Unavailable	5 / 4
2026-09-09	$6.69	Unavailable	5 / 4
2026-09-10	$6.69	Unavailable	5 / 4
2026-09-11	$6.69	Unavailable	5 / 4
2026-09-12	$6.69	Unavailable	5 / 4
2026-09-13	$6.69	Unavailable	5 / 4
2026-09-14	$6.69	Unavailable	5 / 4
2026-09-15	$6.69	Unavailable	5 / 4
2026-09-16	$6.69	Unavailable	5 / 4
2026-09-17	$6.69	Unavailable	5 / 4
2026-09-18	$6.69	Unavailable	5 / 4
2026-09-19	$6.69	Unavailable	5 / 4
2026-09-20	$6.69	Unavailable	5 / 4
2026-09-21	$6.69	Unavailable	5 / 4
2026-09-22	$6.69	Unavailable	5 / 4
2026-09-23	$6.66	Unavailable	5 / 4
2026-09-24	$6.66	Unavailable	5 / 4
2026-09-25	$6.66	Unavailable	6 / 4
2026-09-26	$6.66	Unavailable	6 / 4
2026-09-27	$6.66	Unavailable	6 / 4
2026-09-28	$6.66	Unavailable	6 / 4
2026-09-29	$6.66	Unavailable	6 / 4
2026-09-30	$6.66	Unavailable	6 / 4
2026-10-01	$6.66	Unavailable	6 / 4
2026-10-02	$6.66	Unavailable	6 / 4
2026-10-03	$6.66	Unavailable	6 / 4
2026-10-04	$6.66	Unavailable	6 / 4
2026-10-05	$6.66	Unavailable	6 / 4
2026-10-06	$6.66	Unavailable	6 / 4
2026-10-07	$6.66	Unavailable	6 / 4
2026-10-08	$6.64	Unavailable	6 / 4
2026-10-09	$6.61	Unavailable	6 / 4
2026-10-10	$6.61	Unavailable	6 / 4
2026-10-11	$6.61	Unavailable	6 / 4
2026-10-12	$6.61	Unavailable	6 / 4
2026-10-13	$6.61	Unavailable	6 / 4
2026-10-14	$6.61	Unavailable	6 / 4
2026-10-15	$6.61	Unavailable	6 / 4
2026-10-16	$6.61	Unavailable	6 / 4
2026-10-17	$6.61	Unavailable	6 / 4
2026-10-18	$6.61	Unavailable	6 / 4
2026-10-19	$6.61	Unavailable	6 / 4
2026-10-20	$6.61	Unavailable	6 / 4
2026-10-21	$6.61	Unavailable	6 / 4
2026-10-22	$6.61	Unavailable	6 / 4
2026-10-23	$6.61	Unavailable	6 / 4
2026-10-24	$6.61	Unavailable	6 / 4

Revenue and EPS estimates track expectations. They are not delivered results or like-for-like proof of a required annual path.

Compare required revenue and earnings

Analyst view

Monthly observations

Buy / Strong BuyHoldSell / Strong Sell

Exact monthly counts

Monthly rating snapshots · fmp. Missing snapshots are not zero.
Date	Buy*	Hold	Sell*
2026-05-01	2	3	1
2026-06-01	2	3	1
2026-07-01	2	4	1
2026-08-01	2	5	1
2026-09-01	1	5	1
2026-10-01	1	5	1

*Buy includes Strong Buy; Sell includes Strong Sell. Monthly counts describe the analyst mix, not the firms behind each recent action.

Latest: 1 Buy / Strong Buy · 5 Hold · 1 Sell / Strong Sell

0 upgrades0 downgrades1 maintains

Recent actions · Sep 25–Oct 24 · 1 recorded

Price-target changes

30 days

○ Previous · ● Latest · common dollar scale

Piper SandlerOct 1

$78.00New observation · no comparable prior

$0$42.90$85.80

0 raises · 0 cuts · 0 unchanged · 1 without a comparable prior

How this is measured

Sep 25, 2026–Oct 24, 2026. Each firm's latest positive target is paired only with its immediately prior positive target from the same provider, at most 180 days earlier. Unmatched observations have one dot; conflicting observations are not compared.

Outlook in Brief

The evidence, the remaining questions, and what comes next

What's improving

No recovery evidence is reported in the available driver assessments.

Still unresolved / key risks

Maintain dividend payout at $0.7 per shareDividend per share: $0.70 per share
EPS at or above $6.01 for fiscal 2026Diluted EPS: $1.47 per share
Net income growth to at least $57.43M by 2026-Q1Net income: $63.799M
Operating income improvement to at least $74.5M by 2026-Q1Operating income: $82.177M

Next proof point

Oct 26, 2026

Look for updated results and guidance against the published targets, plus direct evidence for unresolved drivers.

Review earnings

Bottom line

4 of 4 published conditions remain under pressure or need verification. The next results need to address those conditions.

The dated weekly assessment and its assumptions are available in Read detailed Outlook.

Historical risk context

Observed price history; separate from operating scenarios

Price sensitivity

0.8%Typical daily move · historical

Downside history

-23.4%Maximum drawdown · trailing year

Read detailed Outlook Company context, assumptions & risks

Bank of Hawaii outlook in detail

The weekly editorial context below is a separate assessment from the dated monitor evidence above. Recovery observations do not automatically change the published thesis. Unverified outside influences are hypotheses, not measured driver evidence.

Updated Oct 24, 2026

What kind of bet this is

BOH is a bank with a measured, income-oriented multi-year view rather than a clear turnaround story. The thesis is intact this month, and its recent signal improved from mixed to mildly favorable, though earnings quality is still fragile.

What's priced into Bank of Hawaii

Valuation is described as neutral, with BOH trading at a premium to peers and the expectations gap close to aligned. The evidence rates pricing as justified and fragility as low, so it does not point to unusually high expectations already embedded in the shares.

What the fundamentals likely do

Near term, management is on track with its stated priorities: net income and operating income rose from the first to the second quarter of 2026, while the dividend remained consistent. A recent earnings beat followed an earlier miss, and peer misses plus a deep miss in BOH’s recent history leave some execution risk; the sector backdrop is also a headwind.

What Bank of Hawaii hinges on

The multi-year view depends on continued progress in earnings and operating income while management maintains its stated priorities. Near term, a guidance cut or Federal Reserve rate cuts would be unfavorable factors, while continued earnings strength and higher guidance from sector peers could support momentum across financial stocks.