What were Bank of Hawai‘i’s (NYSE:BOH) net income and EPS for Q1 2026?

Bank of Hawai‘i reported net income of $57.4 million, or $1.30 per diluted share, for Q1 2026. This was slightly lower than the $1.39 per share recorded in Q4 2025, indicating a sequential dip in earnings.

How did Bank of Hawai‘i’s net interest income perform in Q1 2026?

Net interest income rose to $151 million, up 3.9% from the previous quarter. This increase reflects improving core lending profitability in the evolving rate environment.

What drove the increase in net interest income for Bank of Hawai‘i?

The main driver was a 22 basis point decline in interest-bearing deposit rates, following Federal Reserve rate cuts in late 2025. Lower funding costs helped boost net interest income.

Why did Bank of Hawai‘i (NYSE:BOH) still see earnings decline sequentially?

Despite higher net interest income, earnings declined due to factors like yield compression and broader margin dynamics. Floating-rate assets repriced downward, limiting overall profit expansion.

How did earning asset yields impact Bank of Hawai‘i’s results?

Earning asset yields declined by 4 basis points as floating-rate assets adjusted lower. This partially offset gains from reinvesting maturing fixed-rate assets into higher-yielding instruments.

Bank of Hawai‘i net interest income climbs following late-2025 FOMC rate cuts

Written by Isaac FrancisPublished Apr. 20 2026Last Updated Apr. 20 2026

Bank of Hawai‘i (NYSE:BOH) reported a sequential increase in net interest income for the first quarter ended March 31, 2026, as the institution began to realize the benefits of a shifting interest rate environment.

The bank announced net income available to common shareholders of $57.4 million, or $1.30 per diluted share, compared to $1.39 in the fourth quarter of 2025.

A central highlight of the quarter was the performance of the bank's core lending business.

Net interest income reached $151 million, representing a 3.9% increase from the linked quarter.

This growth was primarily attributed to a 22 basis point decline in interest-bearing deposit rates, a direct result of the Federal Open Market Committee (FOMC) interest rate cuts implemented in late 2025.

The expansion in interest income was achieved despite a 4 basis point decline in earning asset yields.

This slight yield compression occurred as floating-rate assets repriced downward in alignment with the broader market, partially offsetting the gains the bank realized from reinvesting maturing fixed-rate assets into higher-yielding instruments.

Profitability metrics remained solid, though they reflected the impact of the sequential earnings dip.

The return on average common equity (ROE) for the first quarter was 13.90%, down from the 15.03% reported in the linked quarter.

Similarly, the return on average assets was 0.98% for the period.