Earnings Growth PotentialFollowing the Fed's recent cuts and outlook for rates ahead, there is a pathway to meaningful improvement with EPS growing 31% over 2024-2026.
Market PositionBOH's differentiated funding position, with #1 market share in HI, should allow for deposit pricing power with lower rates while additionally favoring the Company's low-risk credit portfolio.
ValuationShares trade at a +48% premium to the BANK vs. historical 10-year median of +64% premium, leaving room to remain constructive on valuation.