# Bank of Hawaii Corporation (BOH)

> Source: Nexqual · https://nexqual.com/BOH · data as of 2026-10-23 20:00 UTC · cite as "Nexqual, Bank of Hawaii Corporation (BOH), nexqual.com/BOH" · informational, not investment advice.

**Price:** USD 70.6 (+0.48% on the day) · last close of Oct 23, 2026; US market closed, not a live price. Prev close 70.26 · day 70.02–70.95 · 52w 62.51–86.31 · market cap $2.79B · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $762M, net income $236M (30.9% margin) (SEC filings).
- Valuation: P/E 11.8x (avg 16.3x at the last 3 fiscal year-ends).
- 1 of 80 tracked superinvestors hold BOH (13F, Q2 2026): 0 new, 0 added, 0 reduced, 1 unchanged.
- Insider open-market sales, last ~7 months: 3 Form 4 filings, $760K; 3 not under a Rule 10b5-1 plan ($760K); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Hold (mean 3.00 on a 1–5 scale) (7 analysts), mean target USD 81.17 (range 75–85).
- Total return with dividends: 1Y +14.7% vs S&P 500 +13.4%; 5Y +3.8% vs S&P 500 +76.9%.
- Next earnings: 2026-10-26, EPS estimate USD 1.51, revenue estimate $202M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $669M | $698M | $674M | $639M | $717M | $762M |
| Net income | $253M | $226M | $171M | $150M | $206M | $236M |
| EPS (diluted) | $6.25 | $5.48 | $4.14 | $3.46 | $4.63 | — |
| Free cash flow | $355M | $304M | $129M | $161M | $184M | $205M |
| Net margin | 37.9% | 32.3% | 25.4% | 23.5% | 28.7% | 30.9% |
| Revenue growth | -1.8% | +4.4% | -3.5% | -5.1% | +12.1% | — |
| Cash + short-term investments | $560M | $402M | $1.00B | $764M | $947M | — |
| Total debt | $10.4M | $410M | $550M | $550M | $550M | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 11.8x · P/S 3.7x · P/FCF 13.6x · P/B 1.5x · FCF yield 7.34% · Earnings yield 8.46% · Dividend yield (paid, TTM) 4.05% · Buyback yield (TTM) 1.33%
P/E at fiscal year-ends: Dec 2025 13.3x, Dec 2024 18.9x, Dec 2023 16.7x.

## Superinvestors (SEC 13F-HR, Q2 2026)
1 of 80 tracked investors hold BOH. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Mairs & Power | Mairs & Power Funds | <0.01% | $326K | Unchanged |

## Insider sales (SEC Form 4, open-market, last ~7 months)
0 of 3 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-08-04 | Abbruzzese Marco A | Vice Chair | 2,441 | $199K | 100% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-08-03 | Abbruzzese Marco A | Vice Chair | 2,000 | $160K | 45% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-05-01 | Lucien Kent Thomas | Director | 5,000 | $401K | 11.6% | No | Too little history (no open-market trades in 2024 or 2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Consensus Hold (mean 3.00 on a 1–5 scale), 7 analysts; mean target USD 81.17 (low 75, high 85).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-01 | Piper Sandler | Target lowered | Neutral | $85 → $78 |
| 2026-08-03 | Keefe, Bruyette & Woods | Target lowered | Outperform | $95 → $92 |
| 2026-07-28 | DA Davidson | Target raised | Neutral | $80 → $85 |
| 2026-07-28 | Barclays | Target lowered | Equal-Weight | $88 → $85 |
| 2026-07-09 | Benchmark | Initiated | Hold |  |
| 2026-07-07 | Barclays | Target raised | Equal-Weight | $86 → $88 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-24) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | +14.7% | +3.8% |
| S&P 500 (SPY) | +13.4% | +76.9% |
| Per year | +14.8% | +0.8% |
| Volatility (annualized) | 23.0% | 34.0% |
| Max drawdown | -22.6% (Jul 2026→Oct 2026) | -61.8% (Jan 2022→May 2023) |

## Peers (Banks - Regional)
BBD (Banco Bradesco Sa) USD 4.07 +3.04% · FITB (Fifth Third Bancorp) USD 52.98 -0.47% · DB (Deutsche Bank AG) USD 31.2 -0.89% · TFC (Truist Financial Corporation) USD 48.44 +0.04% · NWG (NatWest Group plc) USD 16.8 -1.12% · NU (Nu Holdings Ltd.) USD 15.16 +2.92%

## More
Full page: https://nexqual.com/BOH · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in BOH's own 10-K filed 2026-02-24 (https://www.sec.gov/Archives/edgar/data/46195/000004619526000015/boh-20251231.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | Visa (V) | "As certain sales of Visa Class B restricted shares were completed, the Company entered into a conversion rate swap agreement with the buyer that requires payment to the buyer in the event Visa further reduces the convers…" |

## Revenue by product line (fiscal year ended 2025-12-31)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Trust & Asset Management | $49.3M | 40.5% | +3.9% |
| Fees Exchange & Other Service Charges | $43.1M | 35.4% | -5.1% |
| Service Charges On Deposit Accounts | $14.4M | 11.8% | +5.1% |
| Other Revenue | $9.9M | 8.1% | -1.6% |
| Annuity & Insurance | $5.2M | 4.2% | -4.1% |
| Total revenue | $121.9M | 100% | — |

## Company outlook (8-K filed 2026-07-27)

- "Forward-Looking Statements This news release, and other statements made by the Company in connection with it may contain "forward-looking statements" (as defined in the Private Securities Litigation Reform Act of 1995) that involve risks and uncertainties that could cause results to be materially different from expectations."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $1.51 | $1.54 | -2.1% | $202.3M | 7 |
| Next quarter (ends 2026-12-31) | $1.58 | $1.61 | -2.2% | $206.3M | 7 |
| Current fiscal year (ends 2026-12-31) | $5.96 | $6.01 | -0.9% | $802.1M | 7 |
| Next fiscal year (ends 2027-12-31) | $6.61 | $6.87 | -3.9% | $851.5M | 7 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-20 (includes earnings 2026-10-26): ±8.4%; last 8 reports averaged ±4.9%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 27 | 37.9% | ±8.4% |
| 2027-01-15 | 83 | 24.4% | ±9.3% |
| 2027-04-16 | 174 | 24.2% | ±13.2% |