We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Bank of Hawaii CEO's Base Salary Up 3%, Gets Incentive Bonus
Read MoreHide Full Article
Bank of Hawaii Corporation (BOH - Free Report) chairman, president and chief executive officer (CEO) — Peter Ho — has received about 3% pay hike in his base salary for 2019, along with $2-million cash incentive award approval, per the U.S. Securities and Exchange Commission. The new base salary of $825,000 would be effective from April, up from $800,000 in 2018 and $780,000 in 2017.
The CEO’s annual salary was $4.87 million in 2017 though total compensation package for 2018 was not disclosed. Ho also received 26,542 shares in restricted stock grants for 2018.
The pay hike came on the heels of Bank of Hawaii’s strong performance in 2018. The bank posted $219.6 million in net income in 2018, an increase of 18.9% from $184.7 million the year before. Further, total revenues increased 3.2% year over year to $662.3 million.
Notably, in October 2018, the company hiked its quarterly stock dividend by 3.3%. Also, since the beginning of its share-repurchase program in July 2001, the company has repurchased a total of 55.3 million shares of common stock for a total cost of $2.2 billion as of Dec 31, 2018. Furthermore, the board of directors recently increased the authorization by an additional $130 million.
Though Bank of Hawaii was steadily active in deploying capital in 2018, investors’ concerns prevailed on certain macroeconomic factors. Therefore, the company's share price depreciated roughly 19.3% in 2018, following a slight decline in 2017.
Among other banks, Bank of America Corp.’s (BAC - Free Report) chairman as well as CEO — Brian Moynihan — is expected to receive $27 million as total compensation for 2018, which reflects a rise of 15% year over year. Among others, JPMorgan (JPM - Free Report) and Morgan Stanley (MS - Free Report) have also increased their CEOs’ compensation.
Notably, Bank of Hawaii has improved on capital return to shareholders since the financial crisis. Ho has also been adept in strategically evaluating the various facets of the bank’s major businesses. Besides exhibiting a solid liquidity position, the company is well positioned to maintain its increasing revenue trend, going forward.
We believe Ho’s pay hike will prove to be a major morale booster. Bank of Hawaii’s fundamentals remain highly promising with a diverse business model and a healthy balance sheet.
Breakout Biotech Stocks with Triple-Digit Profit Potential
The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.
Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +98%, +119% and +164% in as little as 1 month. The stocks in this report could perform even better.
Image: Bigstock
Bank of Hawaii CEO's Base Salary Up 3%, Gets Incentive Bonus
Bank of Hawaii Corporation (BOH - Free Report) chairman, president and chief executive officer (CEO) — Peter Ho — has received about 3% pay hike in his base salary for 2019, along with $2-million cash incentive award approval, per the U.S. Securities and Exchange Commission. The new base salary of $825,000 would be effective from April, up from $800,000 in 2018 and $780,000 in 2017.
The CEO’s annual salary was $4.87 million in 2017 though total compensation package for 2018 was not disclosed. Ho also received 26,542 shares in restricted stock grants for 2018.
The pay hike came on the heels of Bank of Hawaii’s strong performance in 2018. The bank posted $219.6 million in net income in 2018, an increase of 18.9% from $184.7 million the year before. Further, total revenues increased 3.2% year over year to $662.3 million.
Notably, in October 2018, the company hiked its quarterly stock dividend by 3.3%. Also, since the beginning of its share-repurchase program in July 2001, the company has repurchased a total of 55.3 million shares of common stock for a total cost of $2.2 billion as of Dec 31, 2018. Furthermore, the board of directors recently increased the authorization by an additional $130 million.
Though Bank of Hawaii was steadily active in deploying capital in 2018, investors’ concerns prevailed on certain macroeconomic factors. Therefore, the company's share price depreciated roughly 19.3% in 2018, following a slight decline in 2017.
Among other banks, Bank of America Corp.’s (BAC - Free Report) chairman as well as CEO — Brian Moynihan — is expected to receive $27 million as total compensation for 2018, which reflects a rise of 15% year over year. Among others, JPMorgan (JPM - Free Report) and Morgan Stanley (MS - Free Report) have also increased their CEOs’ compensation.
Notably, Bank of Hawaii has improved on capital return to shareholders since the financial crisis. Ho has also been adept in strategically evaluating the various facets of the bank’s major businesses. Besides exhibiting a solid liquidity position, the company is well positioned to maintain its increasing revenue trend, going forward.
We believe Ho’s pay hike will prove to be a major morale booster. Bank of Hawaii’s fundamentals remain highly promising with a diverse business model and a healthy balance sheet.
Bank of Hawaii currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Breakout Biotech Stocks with Triple-Digit Profit Potential
The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.
Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +98%, +119% and +164% in as little as 1 month. The stocks in this report could perform even better.
See these 7 breakthrough stocks now>>