Bank of Hawaii Corp

BOH remains in a Stage 4 structural repair following a bearish pivot and failed EMA cross. Despite extreme oversold exhaustion and a bounce off the 200-day DMA, price is still below declining short-term EMAs. We will trim into any rally into the 9-day and 20-day EMAs rather than chase further weakness here.

• ↑Q2 net income $63.8m and EPS $1.47 rose 11% QoQ.
• ↑NIM expanded to 2.78% with management targeting 2.9% by end-2026.
• ↓Consumer loan growth may slow amid high rates and lower closings.