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BUZZ-Bank of Hawaii rises after Q4 profit beat

ReutersJan 27, 2025 7:33 PM

** Shares of regional lender Bank of Hawaii BOH.N rise as much as 4.8%; last up 3.9% at $73.90

** BOH posts Q4 profit of 85 cents/shr, topping Wall Street expectations of 84 cents/shr — LSEG

** Q4 net interest income rose 3.8% to $120.2 mln, driven by loan growth and asset repricing

** Total loans and leases grew nearly 1% to $14.1 bln, driven by loan production in commercial mortgage portfolio

** Net interest margin — a key metric of profitability — was 2.19% in 2024, an increase of six basis points from a year earlier

** Piper Sandler says BOH's net interest margin of 2.26% in December suggests stronger expansion lies ahead this quarter

** BOH stock dipped 1.7% in 2024

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