BUSINESS

Regional Banks Report Divergent First-Quarter Results Today

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Honolulu. Bank of Hawaii Corp. reported first-quarter net income of $57.4 million and earnings of $1.30 per share on Monday, while Lafayette, Louisiana-based Home Bancorp Inc. reported first-quarter earnings of $11.4 million and $1.45 per share the same day, with both firms releasing accompanying revenue and net-interest figures via Zacks-sourced automated reports. The results differed versus analysts: Bank of Hawaii missed Zacks' consensus EPS estimate of $1.33 while its revenue net of interest expense matched forecasts at $192.3 million; Home Bancorp exceeded EPS and revenue expectations, posting $38.2 million revenue net of interest. Bank of Hawaii's shares have risen 17% year-to-date and 24% over 12 months, according to the reports.

Prepared by Christopher Adams and reviewed by editorial team.

Timeline of Events

Zacks Investment Research compiled analyst EPS and revenue estimates ahead of Q1 filings.
On Monday, both Bank of Hawaii and Home Bancorp released Q1 results to the public.
AP/Automated Insights generated earnings snapshots using Zacks data and distributed them to outlets.
Reports noted Bank of Hawaii missed EPS consensus while matching net-interest revenue forecasts.
Reports noted Home Bancorp exceeded EPS and revenue expectations, and BOH shares’ YTD gains were recorded.

Why This Matters to You

If you're a shareholder in Bank of Hawaii or Home Bancorp, these results could impact your investment. It's a good reminder to keep an eye on your portfolio. Even if you're not, these results can hint at the health of regional economies.

The Bottom Line

Bank of Hawaii missed earnings per share estimates but matched revenue forecasts. Home Bancorp exceeded both. This shows that even within the same sector, performance can vary widely. Worth forwarding if you know someone interested in regional banking trends.