Bank of Hawaii

Q2 FY2026 EarningsFY26 Q2 results presented a mixed profile, with GAAP EPS of $1.47 beating the $1.45 consensus, while total revenue of $196.9M missed the $199.5M expectation. Net Interest Margin (NIM) of 2.78% expanded significantly YoY (+39 bps) but fell short of the 2.81% consensus. The earnings beat was primarily driven by a lower-than-expected effective tax rate (22.3% vs. 23.1% consensus) and disciplined noninterest expense management, which remained flat YoY at $111.2M. Asset quality remains a core strength, with non-performing assets (NPAs) decreasing to just 0.08% of total loans.