Bank of Hawaii Corp Dossier
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SectorFinancials IndustryBanks - Regional Beta (adjusted)0.80 Intrinsic Value Insufficient data for a value estimateNot enough reliable inputs to publish a fair value for this company yet. Market Price $68.92Price as of 30 Sep 2026 Data confidence Sign in to view data confidence Market Cap $2.7B Enterprise Value $2.3B Shares Outstanding 39.9M diluted Next Earnings Date26 Oct 2026 Last ex-dividend31 Aug 2026 All prices and values are periodic snapshots, not live quotes. Source dates are shown for reference. ThesisStreet consensus, scenarios, merits, risks, and invalidation triggers Thesis Summary Bank of Hawaii (BOH) operates in a highly oligopolistic, relationship-driven Hawaiian banking market where four locally headquartered banks control over 90% of deposits. This structural advantage provides a stable, low-cost deposit franchise and high customer loyalty. However, the common stock currently trades at a premium valuation (above 2x book value and 3.6x tangible book value), which appears rich relative to tangible value. While the bank maintains excellent credit quality and a robust loan book, near-term headwinds from net interest margin compression, rising deposit costs, and elevated operating expenses limit immediate upside for the common shares, making a 'Hold' rating appropriate. This section is the 12-month view: analyst targets and the probability-weighted scenarios built from them. The intrinsic value at the top of this page answers a different question: what the business is worth today. Street view · analyst 12-month targets Low · most bearish analyst$85.00 Mean target$86.83 High · most bullish analyst$92.00 Our research · scenarios, merits, risks, and invalidation triggersResearch as of 18 Sep 2026 Scenarios · 12-month scenario targets Bear CaseDownside scenario $85.00 Persistent high interest rates force aggressive deposit repricing, driving the deposit beta higher and compressing NIM. Elevated technology investments and variable compensation push core operating expense growth above the 3.5% threshold, while a slowdown in the Hawaiian tourism or real estate sectors leads to rising non-performing assets. Base CaseCentral scenario $86.83 Matches the consensus meanThe bank successfully navigates the leadership transition under new CEO James C. Polk. Net interest margin expands gradually toward 2.9% by year-end 2026 as fixed-rate assets remix. Core operating expenses grow within the guided 3.0%-3.5% range, and credit quality remains stable with minimal loan losses, supporting steady earnings power. Bull CaseUpside scenario $92.00 Accelerated repricing of fixed-rate loans and investments into higher yields, combined with better-than-expected deposit cost stabilization, drives rapid Net Interest Margin (NIM) expansion toward the long-term target of 3.25%-3.50%. Strong regional economic performance in Hawaii supports mid-single-digit loan growth while maintaining pristine credit quality. Scenarios are anchored to street consensus at the research date, with our probabilities and rationale. Key Investment Merits
Key Investment Risks
Thesis Invalidation Triggers
All scenarios are estimates and subject to change. Past performance is not indicative of future results. Quality Pillars MembersThis section is available to registered members. Create a free account or sign in to unlock the full breakdown. Explore this dossierValuationIntrinsic value, the six-method breakdown, peer medians, and your assumptions sandbox.Financial SnapshotRevenue, profitability, returns, balance sheet, dividends, and the filing-level detail.Qualitative AnalysisBusiness overview, strategic initiatives, and mergers, acquisitions & partnerships.Outlook & Key DatesForward estimates, reporting calendar, and the monitoring framework. |