Bank of Hawaii Corporation (BOH) — Fundamental Analysis & Key Financial Ratios

Kaplio overview: Bank of Hawaii Corporation

Market cap $3B · 52 weeks $63 – $86 (18 % below the high) · P/E 12.3× · 2027 est. P/E 10.6× · Dividend 4.0 % · 10 years rising · Next earnings January 25, 2027 · expected EPS $1.57 · Closing price, Oct 30 · accounts published Oct 26.

• Valuation: P/B 1.5× (fairly priced).
• Business: ROTCE 11.3 % (fair).
• Balance sheet: Capital/assets 7.7 % (watch).
• Earnings: 5 of 8 (uneven).

What would it be worth at its usual multiples?

At a P/B justified by its ROTCE 11.3 % (1.3×) $60 (-13 %); at its peers' median (1.0×) $48 (-31 %). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.

What matters in banking: 2 of 5 pass

• ROTCE 11.3 %, borderline.
• Equity / Assets (Tier 1 proxy) 7.7 %, borderline.
• P/B (Price / Book) 1.5×, borderline.
• ROA 1.0 %, passes, near the threshold.
• Sustainable dividend yield 4.0 %, passes.

Against its peers (reference peers) — Bank of Hawaii Corporation: P/E 12.3×; P/B 1.5×; ROE 13.3 %; $2.7B. Banc of California, Inc. (P/E —; P/B 0.9×; ROE -0.2 %; $2.9B), Provident Financial Services, Inc. (P/E 9.6×; P/B 1.0×; ROE 10.8 %; $3.0B), First Hawaiian, Inc. (P/E 11.3×; P/B 1.1×; ROE 9.8 %; $3.1B).

Expensive or cheap against its last ten fiscal years?

P/B at each close: today 1.5× · median 2.1× · minimum 1.0× · maximum 3.5× · cheap below 1.8× · expensive above 2.9×. It has been cheaper than today only 6% of the time over its last ten fiscal years.

Dividend

solid · Yield 4.0 % ($3.38 per share in 2025) · Years raising it 10 · 5-year growth +5 % a year · Free cash flow coverage payout 65 % · With $1,000 invested today you'd collect $40.10 a year ($3.34 a month).