How did BOH's Q4 earnings surprise impact its annual performance?

Bank of Hawaii's (BOH) Q4 earnings surprise had a negative impact on its annual performance, as evidenced by the decline of 1.68% in the stock price after the earnings release. Here's a detailed analysis: 1. **Q4 Earnings Surprise**: Bank of Hawaii reported an earnings per share (EPS) surprise of $0.01, which represents a 1.19% surprise relative to the estimated EPS. This indicates that the bank's actual performance for the quarter was slightly better than what the market had anticipated. 2. **Stock Price Reaction**: Despite the positive earnings surprise, the bank's stock price declined by 1.68% in the period from January 2, 2024, to December 31, 2024. This suggests that factors other than the earnings report may have influenced investor sentiment negatively. 3. **Annual Performance Impact**: The decline in stock price after the earnings release implies that the positive surprise in Q4 did not sufficiently offset other factors affecting the bank's stock performance over the course of the year. Therefore, BOH's Q4 earnings surprise had a net negative impact on its annual performance, as reflected by the annual stock price decline. In conclusion, while BOH's Q4 earnings surprise was modestly positive, it was not enough to prevent a decline in the bank's stock price over the entire year, indicating that broader market concerns may have played a more significant role in the annual performance.