What Happened?

Shares of regional banking institution Bank of Hawaii (NYSE: BOH) fell 4.5% in the morning session after the company reported mixed second-quarter financial results where a significant revenue miss overshadowed an earnings per share beat. The bank posted diluted earnings per share of $1.06, which came in slightly ahead of analyst expectations. However, investors appeared to focus on the company's top-line performance. Bank of Hawaii's net interest income for the quarter was $129.7 million, which fell considerably short of estimates. The market's reaction suggested that concerns over the revenue shortfall overshadowed the otherwise positive aspects of the report.

The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Bank of Hawaii? Access our full analysis report here, it’s free.

What Is The Market Telling Us

Bank of Hawaii’s shares are not very volatile and have only had 6 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business.

Bank of Hawaii is down 11.3% since the beginning of the year, and at $62.11 per share, it is trading 22.9% below its 52-week high of $80.51 from November 2024. Investors who bought $1,000 worth of Bank of Hawaii’s shares 5 years ago would now be looking at an investment worth $1,091.

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