Bank Of Hawaii Q1 Profit Declines 9 Percent

Bank of Hawaii Corp. (BOH) reported that its net income for the first quarter of 2021 was $54.83 million or $1.32 per share, down from $59.95 million or $1.50 per share in the prior-year quarter.

On average, six analysts polled by Thomson Reuters expected the company to report earnings of $1.19 per share for the quarter. Analysts' estimates typically exclude special items.

Net interest income for the quarter was $125.26million, up from $120.57 million in the year-ago quarter.

Total noninterest income edged up to $43.55 million from $42.97 million last year.

The Company's Board of Directors also declared a quarterly cash dividend of $0.70 per share on the Company's outstanding shares, payable on June 14, 2022 to shareholders of record at the close of business on May 31, 2022.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The US Centers for Disease Control and Prevention or CDC has ended recommendations for social distancing and quarantine with a view to minimize covid-19's impact on persons, communities, and health care systems. The agency also ended recommendation for test-to-stay in schools, CNN noted. Healthcare major Johnson & Johnson, which is in the middle of a talcum powder fiasco, said it is discontinuing talc-based JOHNSON'S Baby Powder globally in 2023. The company plans to transition to an all cornstarch-based baby powder portfolio. According to the company, the commercial decision to use cornstarch in all its baby powder products was made after conducting an assessment of its portfolio Walt Disney's streaming service Disney+ is rolling out its much-anticipated new ad-supported subscription plan for Disney+ in the U.S. as part of its bid to stem the loss and make its streaming business profitable after the services posted a hefty operating loss of more than $1 billion in the third quarter. It is also raising pricing for its bundled subscription plans with Hulu, ESPN+ and live TV.
Follow RTT