BANK OF HAWAII CORP

Listed Company

BOH-PBCIK 0000046195NYSELarge AcceleratedState Commercial BanksDelawareFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$205.90M

Total Assets

$24.18B

Equity

$1.85B

Shares Out

39.62M

Op. Cash Flow

$218.34M

Business

BANK OF HAWAII CORP is a bank holding company that provides banking and financial services through its principal banking subsidiary and other subsidiaries. It offers a broad range of financial products and services, including deposit and lending products, securities brokerage, investment advisory services, wealth management, and credit insurance. The company organizes its operations into three reporting segments: Consumer Banking, Commercial Banking, and Treasury and Other. It serves customers primarily in Hawaiʻi, Guam and other Pacific Islands through an extensive branch network and digital distribution channels.

Summary from filing dated 2025-03-04

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Interest and Fees on Loans and Leases	668	654	591	440	399
Available-for-Sale	114	90	94	71	65
Held-to-Maturity	78	86	93	81	62
Cash and Cash Equivalents	23	31	28	4	—
Other	4	4	5	1	702,000
Total Interest Income	888	864	810	597	527
Deposits	324	369	251	40	15
Securities Sold Under Agreements to Repurchase	2	5	16	13	13
Short-Term Borrowings	0	0	6	2	—
Other Debt	24	24	40	2	943,000
Total Interest Expense	350	397	313	57	—
Net Interest Income	538	467	497	541	497
Provision for Credit Losses	12	11	9	−8	−51
Net Interest Income After Provision for Credit Losses	526	455	488	548	548
Fees, Exchange, and Other Service Charges	56	57	56	55	55
Trust and Asset Management	49	47	44	44	46
Service Charges on Deposit Accounts	34	32	31	30	26
Bank-Owned Life Insurance	15	14	12	10	8
Annuity and Insurance	5	5	5	4	3
Mortgage Banking	4	4	4	6	15
Investment Securities Losses, Net	−23	−8	−11	−6	−1
Other	40	20	37	16	20
Total Noninterest Income	179	173	177	158	171
Salaries and Benefits	249	233	234	235	228
Net Occupancy	42	42	40	39	26
Net Equipment	41	41	40	38	36
Data Processing	22	20	19	18	20
Professional Fees	16	19	17	15	13
FDIC Insurance	11	18	28	7	7
Other	62	58	59	63	64
Total Noninterest Expense	443	430	438	415	394
Income Before Provision for Income Taxes	262	198	227	291	326
Provision for Income Taxes	56	48	56	65	72
Net Income	206	150	171	226	253
Preferred Stock Dividends	21	13	8	8	3
Net Income Available to Common Shareholders	185	137	163	218	250
Basic Earnings Per Common Share (usd per share)	4.67	3.48	4.16	5.5	6.29
Diluted Earnings Per Common Share (usd per share)	4.63	3.46	4.14	5.48	6.25
Dividends Declared Per Common Share (usd per share)	2.8	2.8	2.8	2.8	2.74
Basic Weighted Average Common Shares (in shares)	40	39	39	40	40
Diluted Weighted Average Common Shares (in shares)	40	40	39	40	40

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and Cash Equivalents	947	764	1,001	—	—
Available-for-Sale	3,511	2,690	2,409	—	—
Held-to-Maturity (Fair Value of $3,651,966 and $3,820,882)	4,246	4,619	4,997	—	—
Loans Held for Sale	4	2	3	1	27
Loans and Leases	14,082	14,076	13,965	—	—
Allowance for Credit Losses	−147	−149	−146	−144	−158
Net Loans and Leases	13,935	13,927	13,819	—	—
Premises and Equipment, Net	200	184	—	—	—
Operating Lease Right-of-Use Assets	83	80	86	92	96
Accrued Interest Receivable	70	66	67	61	45
Mortgage Servicing Rights	17	19	21	23	22
Goodwill	32	32	32	32	32
Bank-Owned Life Insurance	500	481	463	454	345
Other Assets	632	737	642	574	385
Total Assets	24,176	23,601	23,733	23,607	22,785
Noninterest-Bearing Demand	5,755	5,424	6,059	6,715	7,275
Interest-Bearing Demand	3,911	3,785	3,750	4,233	4,629
Savings	8,741	8,365	8,189	7,962	7,456
Time	2,800	3,100	3,057	1,700	1,000
Total Deposits	21,188	20,633	21,055	20,616	20,360
Securities Sold Under Agreements to Repurchase	50	100	150	725	450
Other Debt	558	558	560	410	10
Operating Lease Liabilities	92	89	95	101	103
Retirement Benefits Payable	20	24	24	27	38
Accrued Interest Payable	22	35	41	10	2
Other Liabilities	394	495	394	394	196
Total Liabilities	22,325	21,933	22,319	22,290	21,173
Commitments and Contingencies (Note 19)	—	—	—	—	—
Common Stock ($.01 par value; authorized 500,000,000 shares; issued / outstanding: December 31, 2025 - 58,780,253 / 39,725,698; and December 31, 2024 - 58,765,907 / 39,762,255)	587,000	585,000	583,000	582,000	581,000
Capital Surplus	665	647	636	—	—
Accumulated Other Comprehensive Loss	−244	−343	−397	−435	−66
Retained Earnings	2,206	2,134	2,108	2,056	1,950
Treasury Stock, at Cost (Shares: December 31, 2025 - 19,054,555 and December 31, 2024 - 19,003,609)	−1,120	−1,116	−1,114	−1,105	−1,055
Total Shareholders Equity	1,851	1,668	1,414	1,317	1,612
Total Liabilities and Shareholders Equity	24,176	23,601	23,733	23,607	22,785

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net Income	206	150	171	226	253
Depreciation and Amortization	19	20	21	21	21
Amortization of Deferred Loan and Lease (Fees) Costs, Net	−944,000	−325,000	491,000	−215,000	−17
Amortization and Accretion of Premiums/Discounts on Investment Securities, Net	11	12	13	21	36
Amortization of Operating Lease Right-of-Use-Assets	12	11	12	12	11
Share-Based Compensation	16	14	16	16	13
Benefit Plan Contributions	−2	−2	−2	−2	−2
Deferred Income Taxes	3	−12	−11	−3	3
Net Gains on Sales of Loans and Leases	−2	−2	−2	−4	−15
Gross Losses on Sales of Investment Securities	17	0	5	—	—
Gain on Sale of Merchant Portfolio, Net of Cash Received	−16	0	0	—	—
Proceeds from Sales of Loans Held for Sale	23	61	58	134	508
Originations of Loans Held for Sale	−25	−60	−60	−107	−408
Net Change in Other Assets and Other Liabilities	−53	−33	−91	14	28
Net Cash Provided by Operating Activities	218	171	139	333	377
Proceeds from Sales, Prepayments, and Maturities	537	213	475	677	1,487
Purchases	−1,267	−471	−511,000	−1,059	−2,101
Proceeds from Prepayments and Maturities	388	395	435	645	1,222
Net Change in Loans and Leases	−27	−100	−325	−1,397	−343
Purchases of Premises and Equipment	−34	−10	−9	−29	−22
Net Cash (Used in) Provided by Investing Activities	−403	28	574	−1,253	−2,423
Net Change in Deposits	555	−422	439	256	2,148
Repayment of Long-Term Debt	−50	−50	−575	275	−150
Proceeds from Other Debt	0	0	1,350	400	—
Repayments of Other Debt	0	−105,000	−1,200	−97,000	−50
Proceeds from Issuance of Preferred Stock	0	161	0	—	175
Proceeds from Issuance of Common Stock	5	5	6	7	14
Common Stock Repurchased Under Share Repurchase Program	−5	0	−10	−55	−31
Equity Compensation Plan Common Stock Repurchases	−4	−5	−4	—	—
Cash Dividends Paid on Common Stock	−113	−112	−112	−113	−111
Cash Dividends Paid on Preferred Stock	−21	−13	−8	−8	−3
Net Cash Provided by (Used in) Financing Activities	368	−437	−114	762	1,993
Net Change in Cash and Cash Equivalents	183	−237	599	−159	−54
Cash Paid for Interest	363	403	282	50	32
Cash Paid for Income Taxes	25	31	52	53	49
Transfers from Loans to Foreclosed Real Estate	588,000	708,000	2	—	—
Transfers from Loans Held for Sale to Loans	0	0	569,000	—	—

Filings

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