US Market News
2月前
Bank of Hawai‘i Corporation First Quarter 2026 Financial ResultsApril 20, 2026 6:45 AM
Business Wire
Diluted Earnings Per Common Share of $1.30
Net Income of $57.4 Million
Net Interest Margin Increased to 2.74%, a 13 Basis Point Improvement
Quarterly Cost of Deposits Decreased to 1.26%, a 17 Basis Point Improvement
Share Repurchases of $15.1 Million
Bank of Hawai‘i Corporation (NYSE: BOH) (the “Company”) today reported diluted earnings per common share of $1.30 for the first quarter of 2026, compared with $1.39 during the linked quarter. Net income for the quarter was $57.4 million, down 5.7% from the linked quarter. The return on average common equity for the first quarter of 2026 was 13.90% compared with 15.03% during the linked quarter.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260420410662/en/
“Bank of Hawai‘i began the year on firm footing,” said Jim Polk, President and CEO. “This performance underscores the strength and resilience of our franchise. Net interest income and net interest margin continued to improve, supported by disciplined balance sheet management and a stable deposit base. Total loans and leases and average noninterest-bearing deposits increased compared to the prior quarter. Credit quality continues to be strong, and we remain focused on expense management. As I step into this role, we are committed to executing our strategy, supporting our customers and communities, and building on our strong, established foundation.”
Financial Highlights
Net interest income for the first quarter of 2026 was $151.0 million, an increase of 3.9% from the linked quarter. The increase was primarily driven by a 22 basis point decline in our interest-bearing deposit rates following the FOMC interest rate cuts in late 2025, partially offset by a 4 basis point decline in earning asset yields as floating-rate assets repriced down more than the benefit from fixed-rate assets rolling off and being reinvested at higher rates (fixed asset repricing).
Net interest margin was 2.74% in the first quarter of 2026, an increase of 13 basis points from the linked quarter, reflecting the same deposit cost and asset yield dynamics as previously mentioned.
The average yield on total earning assets was 4.03% and the average yield on loans and leases was 4.75% in the first quarter of 2026, down 4 basis points and 6 basis points, respectively, from the linked quarter. As discussed above, the decrease in loan yield from the linked quarter was primarily driven by floating-rate assets repricing to lower current interest rates, partially offset by fixed asset repricing.
The average rate of interest-bearing deposits was 1.72% and the average quarterly rate of total deposits, including noninterest-bearing deposits, was 1.26%, down 22 basis points and 17 basis points, respectively, from the linked quarter. As discussed above, the decreases were primarily due to the repricing down of our interest-bearing deposits following the FOMC interest rate cuts in late 2025. The deposit beta for the downward rate cycle was 36% as of the first quarter of 2026.
Noninterest income was $41.3 million in the first quarter of 2026, a decrease of 6.6% from the linked quarter. Noninterest income in the first quarter of 2026 included a $0.2 million charge related to a Visa Class B share conversion ratio change. Noninterest income in the linked quarter included an $18.1 million gain related to the sale of our merchant services portfolio, a $16.8 million loss on the sale of investments, and a $0.8 million charge related to a Visa Class B share conversion ratio change. Adjusted for these items, noninterest income for the first quarter of 2026 was down 5.1% from the linked quarter. The decrease was primarily due to decreases in other loan fees, which were elevated in the fourth quarter of 2025, as well as lower swap fees and trust and management fees, partially offset by higher BOLI income and annuity and insurance fees.
Noninterest expense was $116.1 million in the first quarter of 2026, an increase of 6.0% from the linked quarter. Noninterest expense in the first quarter included $3.5 million in expenses related to the accelerated vesting of restricted stock awards pursuant to the retirement provision of performance-based restricted stock granted in 2024 and 2025 and $0.7 million in separation expenses. Noninterest expense in the linked quarter included a $1.4 million reduction in our FDIC special assessment charge and a $1.1 million donation to the Bank of Hawai‘i Foundation. Adjusted for these items, noninterest expense for the first quarter of 2026 increased by 1.9% from the linked quarter. The increase was primarily due to higher seasonal payroll expenses, net occupancy, equipment expenses, and professional fees, partially offset by lower FDIC insurance and other expenses.
The effective tax rate for the first quarter of 2026 was 22.91% compared to 21.50% during the linked quarter. The higher effective tax rate in the current quarter as compared to the linked quarter was primarily due to lower benefits from certain tax advantaged investments and an increase in tax expense from discrete items.
Asset Quality
The Company’s overall asset quality remained strong during the first quarter of 2026. Provision for credit losses for the first quarter of 2026 was $1.8 million, down $0.8 million from the linked quarter.
Total non-performing assets were $12.1 million at March 31, 2026, down $2.1 million from December 31, 2025. Non-performing assets as a percentage of total loans and leases and foreclosed real estate were 0.09% at the end of the quarter, a decrease of 1 basis point from the linked quarter.
Net loan and lease charge-offs during the first quarter of 2026 were $1.1 million or 3 basis points annualized of total average loans and leases outstanding. Gross charge-offs of $4.1 million were partially offset by gross recoveries of $3.0 million. Compared to the linked quarter, net loan and lease charge-offs decreased by $3.1 million or 9 basis points annualized on total average loans and leases outstanding.
The allowance for credit losses on loans and leases was $147.0 million at March 31, 2026, an increase of $0.2 million from December 31, 2025. The ratio of the allowance for credit losses to total loans and leases outstanding was 1.04% at the end of the quarter, unchanged from December 31, 2025.
Balance Sheet
Total assets were $23.9 billion at March 31, 2026, a decrease of 1.1% from December 31, 2025. The decrease from December 31, 2025 was primarily due to a reduction in cash and cash equivalents, partially offset by increases in available-for-sale securities and loans and leases.
The investment securities portfolio was $7.9 billion at March 31, 2026, an increase of 1.7% from December 31, 2025. The increase was primarily due to the purchases of available-for-sale investment securities, partially offset by the amortization of the portfolio. The investment securities portfolio remains largely comprised of securities issued by U.S. government agencies and U.S. government-sponsored enterprises.
Total loans and leases were $14.2 billion at March 31, 2026, an increase of 0.8% from December 31, 2025. Total commercial loans were $6.2 billion at March 31, 2026, an increase of 2.0% from December 31, 2025. The increase was primarily due to commercial mortgage production. Total consumer loans were $8.0 billion at March 31, 2026, a decrease of 0.1% from December 31, 2025. The decrease was primarily due to amortization and paydowns, partially offset by increased production in the residential mortgage portfolio.
Total deposits were $21.0 billion at March 31, 2026, a decrease of 1.1% from December 31, 2025. Noninterest-bearing deposits made up 27.0% of total deposit balances at March 31, 2026, down from 27.2% at December 31, 2025. Average total deposits were $20.9 billion for the first quarter of 2026, down 0.3% from December 31, 2025.
Capital and Dividends
The Company’s capital levels remain well above regulatory well-capitalized minimums.
The Tier 1 Capital Ratio was 14.40% at March 31, 2026 compared with 14.49% at December 31, 2025. The decrease from December 31, 2025 was due to an increase in risk-weighted assets and share repurchases, as discussed below, partially offset by retained earnings growth. The Tier 1 Leverage Ratio was 8.62% at March 31, 2026, compared with 8.57% at December 31, 2025. The increase from December 31, 2025 was due to a decline in average assets and an increase in retained earnings.
The Company repurchased 194.1 thousand shares of common stock at a total cost of $15.1 million under the share repurchase program in the first quarter of 2026. Total remaining buyback authority under the share repurchase program was $105.9 million at March 31, 2026.
The Company’s Board of Directors declared a quarterly cash dividend of $0.70 per share on the Company’s outstanding common shares. The dividend will be payable on June 12, 2026 to shareholders of record at the close of business on May 29, 2026.
On April 3, 2026, the Company announced that the Board of Directors declared a quarterly dividend payment of $10.94 per share, equivalent to $0.2735 per depositary share, of Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A, and a quarterly dividend payment of $20.00 per share, equivalent to $0.5000 per depositary share, of Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B. The depositary shares representing the Series A Preferred Stock and Series B Preferred Stock are traded on the NYSE under the symbol “BOH.PRA” and “BOH.PRB”, respectively. The dividends on the Series A Preferred Stock and Series B Preferred Stock will be payable on May 1, 2026 to shareholders of record of the preferred stock as of the close of business on April 16, 2026.
Conference Call Information
The Company will review its first quarter financial results today at 8:00 a.m. Hawai‘i Time (2:00 p.m. Eastern Time). The live call, including a slide presentation, will be accessible on the investor relations link of Bank of Hawai‘i Corporation's website, www.boh.com. The webcast can be accessed via the link: https://register-conf.media-server.com/register/BI42ddba51d0fa4b6dacb219e80a369fdb. A replay of the conference call will be available for one year beginning at approximately 11:00 a.m. Hawai‘i Time on Monday, April 20, 2026. The replay will be available on the Company's website, www.boh.com.
Investor Announcements
Investors and others should note that the Company intends to announce financial and other information to the Company’s investors using the Company’s investor relations website at https://ir.boh.com, social media channels, press releases, SEC filings and public conference calls and webcasts, all for purposes of complying with the Company’s disclosure obligations under Regulation FD. Accordingly, investors should monitor these channels, as information is updated, and new information is posted.
Forward-Looking Statements
This news release, and other statements made by the Company in connection with it may contain "forward-looking statements" (as defined in the Private Securities Litigation Reform Act of 1995) that involve risks and uncertainties that could cause results to be materially different from expectations. Forecasts of our financial results and condition, expectations for our operations and business prospects, and our assumptions used in those forecasts and expectations are examples of certain of these forward-looking statements. Do not unduly rely on forward-looking statements. Actual results might differ significantly from our forecasts and expectations because of a variety of factors. More information about these factors is contained in Bank of Hawai‘i Corporation's Annual Report on Form 10-K for the year ended December 31, 2025 which was filed with the U.S. Securities and Exchange Commission. These forward-looking statements are not guarantees of future performance and speak only as of the date made, and, except as required by law, the Company undertakes no obligation to update or revise any forward-looking statements to reflect subsequent events, new information or future circumstances.
Bank of Hawai‘i Corporation is an independent regional financial services company serving businesses, consumers, and governments in Hawai‘i and the West Pacific. The Company's principal subsidiary, Bank of Hawai‘i, was founded in 1897. For more information about Bank of Hawai‘i Corporation, see the Company’s website, www.boh.com. Bank of Hawai‘i Corporation is a trade name of Bank of Hawaii Corporation.
Bank of Hawai‘i Corporation and Subsidiaries
Financial Highlights
Table 1
Three Months Ended
(dollars in thousands, except per share amounts)
March 31, 2026
December 31, 2025
March 31, 2025
For the Period:
Operating Results
Net Interest Income
$
150,990
$
145,374
$
125,807
Provision for Credit Losses
1,750
2,500
3,250
Total Noninterest Income
41,332
44,271
44,058
Total Noninterest Expense
116,071
109,518
110,459
Pre-Provision Net Revenue
76,251
80,127
59,406
Net Income
57,432
60,935
43,985
Net Income Available to Common Shareholders
52,163
55,666
38,716
Basic Earnings Per Common Share
1.32
1.40
0.98
Diluted Earnings Per Common Share
1.30
1.39
0.97
Dividends Declared Per Common Share
0.70
0.70
0.70
Performance Ratios
Return on Average Assets
0.97
%
1.01
%
0.75
%
Return on Average Shareholders' Equity
12.47
13.33
10.65
Return on Average Common Equity
13.90
15.03
11.80
Efficiency Ratio 1
60.35
57.75
65.03
Net Interest Margin 2
2.74
2.61
2.32
Dividend Payout Ratio 3
53.03
50.00
71.43
Average Shareholders' Equity to Average Assets
7.81
7.57
7.09
Average Balances
Average Loans and Leases
$
14,083,875
$
14,013,532
$
14,062,173
Average Assets
23,915,334
23,958,401
23,638,068
Average Deposits
20,915,443
20,980,199
20,669,539
Average Shareholders' Equity
1,867,165
1,814,000
1,675,571
Per Share of Common Stock
Book Value
$
38.10
$
37.92
$
34.23
Tangible Book Value
37.31
37.12
33.43
Market Value
Closing
74.25
68.37
68.97
High
80.61
71.85
76.00
Low
67.04
59.36
65.82
March 31, 2026
December 31, 2025
March 31, 2025
As of Period End:
Balance Sheet Totals
Loans and Leases
$
14,192,811
$
14,082,050
$
14,115,323
Total Assets
23,909,933
24,176,364
23,885,056
Total Deposits
20,957,930
21,188,495
21,008,217
Other Debt
558,150
558,176
558,250
Total Shareholders' Equity
1,854,563
1,851,212
1,704,935
Asset Quality
Non-Performing Assets
$
12,090
$
14,171
$
17,451
Allowance for Credit Losses - Loans and Leases
146,962
146,766
147,707
Allowance to Loans and Leases Outstanding 4
1.04
%
1.04
%
1.05
%
Capital Ratios 5
Common Equity Tier 1 Capital Ratio 6
12.06
%
12.14
%
11.58
%
Tier 1 Capital Ratio
14.40
14.49
13.93
Total Capital Ratio
15.44
15.54
14.97
Tier 1 Leverage Ratio
8.62
8.57
8.36
Total Shareholders' Equity to Total Assets
7.76
7.66
7.14
Tangible Common Equity to Tangible Assets 7
6.19
6.11
5.57
Tangible Common Equity to Risk-Weighted Assets 7
10.28
10.35
9.28
Non-Financial Data
Full-Time Equivalent Employees
1,866
1,877
1,876
Branches
52
51
50
ATMs
319
320
316
1 Efficiency ratio is defined as noninterest expense divided by total revenue (net interest income and total noninterest income).
2 Net interest margin is defined as net interest income, on a taxable-equivalent basis, as a percentage of average earning assets.
3 Dividend payout ratio is defined as dividends declared per common share divided by basic earnings per common share.
4 The numerator comprises the Allowance for Credit Losses - Loans and Leases.
5 Regulatory capital ratios as of March 31, 2026 are preliminary.
6 Capital Ratio as of December 31, 2025 has been updated to reflect final reported ratio.
7 Tangible common equity to tangible assets and tangible common equity to risk-weighted assets are Non-GAAP financial measures. Tangible common equity is defined by the Company as common shareholders' equity minus goodwill. See Table 2 “Reconciliation of Non-GAAP Financial Measures”.
Bank of Hawai‘i Corporation and Subsidiaries
Reconciliation of Non-GAAP Financial Measures
Table 2
(dollars in thousands)
March 31, 2026
December 31, 2025
March 31, 2025
Total Shareholders' Equity
$
1,854,563
$
1,851,212
$
1,704,935
Less: Preferred Stock
345,000
345,000
345,000
Goodwill
31,517
31,517
31,517
Tangible Common Equity
$
1,478,046
$
1,474,695
$
1,328,418
Total Assets
$
23,909,933
$
24,176,364
$
23,885,056
Less: Goodwill
31,517
31,517
31,517
Tangible Assets
$
23,878,416
$
24,144,847
$
23,853,539
Risk-Weighted Assets, determined in accordance with prescribed regulatory requirements 1, 2
$
14,382,622
$
14,246,238
$
14,319,932
Total Shareholders' Equity to Total Assets
7.76%
7.66%
7.14%
Tangible Common Equity to Tangible Assets (Non-GAAP)
6.19%
6.11%
5.57%
Tier 1 Capital Ratio 1
14.40%
14.49%
13.93%
Tangible Common Equity to Risk-Weighted Assets (Non-GAAP) 1
10.28%
10.35%
9.28%
1 Regulatory capital ratios as of March 31, 2026 are preliminary.
2 Capital Ratio as of December 31, 2025 has been updated to reflect final reported ratio.
Bank of Hawai‘i Corporation and Subsidiaries
Consolidated Statements of Income
Table 3
Three Months Ended
(dollars in thousands, except per share amounts)
March 31, 2026
December 31, 2025
March 31, 2025
Interest Income
Interest and Fees on Loans and Leases
$
164,469
$
168,234
$
163,082
Income on Investment Securities
Available-for-Sale
34,575
32,950
24,368
Held-to-Maturity
18,541
18,929
20,291
Cash and Cash Equivalents
3,329
5,936
5,460
Other
1,293
1,245
1,085
Total Interest Income
222,207
227,294
214,286
Interest Expense
Deposits
64,886
75,477
81,692
Securities Sold Under Agreements to Repurchase
486
496
744
Other Debt
5,845
5,947
6,043
Total Interest Expense
71,217
81,920
88,479
Net Interest Income
150,990
145,374
125,807
Provision for Credit Losses
1,750
2,500
3,250
Net Interest Income After Provision for Credit Losses
149,240
142,874
122,557
Noninterest Income
Trust and Asset Management
12,445
12,883
11,741
Fees, Exchange, and Other Service Charges
10,928
12,298
14,437
Service Charges on Deposit Accounts
8,440
8,694
8,259
Bank-Owned Life Insurance
4,147
3,758
3,611
Annuity and Insurance
1,469
1,124
1,555
Mortgage Banking
876
917
988
Investment Securities Losses, Net
(1,272
)
(18,717
)
(1,607
)
Other
4,299
23,314
5,074
Total Noninterest Income
41,332
44,271
44,058
Noninterest Expense
Salaries and Benefits
68,457
61,675
62,884
Net Occupancy
10,782
10,029
10,559
Net Equipment
10,611
10,047
10,192
Data Processing
5,581
5,659
5,267
Professional Fees
4,226
3,682
4,264
FDIC Insurance
2,719
2,378
1,642
Other
13,695
16,048
15,651
Total Noninterest Expense
116,071
109,518
110,459
Income Before Provision for Income Taxes
74,501
77,627
56,156
Provision for Income Taxes
17,069
16,692
12,171
Net Income
$
57,432
$
60,935
$
43,985
Preferred Stock Dividends
5,269
5,269
5,269
Net Income Available to Common Shareholders
$
52,163
$
55,666
$
38,716
Basic Earnings Per Common Share
$
1.32
$
1.40
$
0.98
Diluted Earnings Per Common Share
$
1.30
$
1.39
$
0.97
Dividends Declared Per Common Share
$
0.70
$
0.70
$
0.70
Basic Weighted Average Common Shares
39,568,000
39,641,382
39,554,834
Diluted Weighted Average Common Shares
39,981,356
40,003,635
39,876,406
Bank of Hawai‘i Corporation and Subsidiaries
Consolidated Statements of Comprehensive Income
Table 4
Three Months Ended
(dollars in thousands)
March 31, 2026
December 31, 2025
March 31, 2025
Net Income
$
57,432
$
60,935
$
43,985
Other Comprehensive Income (Loss), Net of Tax:
Net Change in Unrealized Gains (Losses) on Investment Securities
(3,001
)
29,367
24,760
Net Change in Defined Benefit Plans
222
2,446
232
Other Comprehensive Income (Loss)
(2,779
)
31,813
24,992
Comprehensive Income
$
54,653
$
92,748
$
68,977
Bank of Hawai‘i Corporation and Subsidiaries
Consolidated Statements of Condition
Table 5
(dollars in thousands, except per share amounts)
March 31, 2026
December 31, 2025
March 31, 2025
Assets
Cash and Cash Equivalents
$
425,080
$
946,520
$
935,200
Investment Securities
Available-for-Sale
3,722,405
3,510,652
2,887,019
Held-to-Maturity (Fair Value of $3,549,687; $3,651,966; and $3,823,655)
4,163,261
4,245,681
4,535,108
Loans Held for Sale
3,609
4,369
2,640
Loans and Leases
14,192,811
14,082,050
14,115,323
Allowance for Credit Losses
(146,962
)
(146,766
)
(147,707
)
Net Loans and Leases
14,045,849
13,935,284
13,967,616
Premises and Equipment, Net
215,859
199,747
187,858
Operating Lease Right-of-Use Assets
82,244
83,424
83,577
Accrued Interest Receivable
70,555
69,899
67,706
Mortgage Servicing Rights
17,036
17,455
18,770
Goodwill
31,517
31,517
31,517
Bank-Owned Life Insurance
499,681
499,795
481,260
Other Assets
632,837
632,021
686,785
Total Assets
$
23,909,933
$
24,176,364
$
23,885,056
Liabilities
Deposits
Noninterest-Bearing Demand
$
5,653,265
$
5,755,371
$
5,493,232
Interest-Bearing Demand
3,884,305
3,910,952
3,775,948
Savings
8,683,875
8,741,090
8,700,143
Time
2,736,485
2,781,082
3,038,894
Total Deposits
20,957,930
21,188,495
21,008,217
Securities Sold Under Agreements to Repurchase
50,000
50,000
50,000
Other Debt
558,150
558,176
558,250
Operating Lease Liabilities
91,213
92,402
92,267
Retirement Benefits Payable
25,686
20,139
23,640
Accrued Interest Payable
19,757
22,370
23,261
Other Liabilities
352,634
393,570
424,486
Total Liabilities
22,055,370
22,325,152
22,180,121
Shareholders’ Equity
Preferred Stock (Series A, $.01 par value; authorized 180,000 shares issued and outstanding)
180,000
180,000
180,000
Preferred Stock (Series B, $.01 par value; authorized 165,000 shares issued and outstanding)
165,000
165,000
165,000
Common Stock ($.01 par value; authorized 500,000,000 shares; issued / outstanding: March 31, 2026 - 59,000,929 / 39,620,563; December 31, 2025 - 58,780,253 / 39,725,698; and March 31, 2025 - 58,765,864 / 39,734,304)
590
587
586
Capital Surplus
672,584
664,781
651,374
Accumulated Other Comprehensive Loss
(247,217
)
(244,438
)
(318,397
)
Retained Earnings
2,229,539
2,205,707
2,144,326
Treasury Stock, at Cost (Shares: March 31, 2026 - 19,380,366; December 31, 2025 - 19,054,555; and March 31, 2025 - 19,031,560)
(1,145,933
)
(1,120,425
)
(1,117,954
)
Total Shareholders’ Equity
1,854,563
1,851,212
1,704,935
Total Liabilities and Shareholders’ Equity
$
23,909,933
$
24,176,364
$
23,885,056
Bank of Hawai‘i Corporation and Subsidiaries
Consolidated Statements of Shareholders' Equity
Table 6
(dollars in thousands, except per share amounts)
Preferred Shares Series A Outstanding
Preferred Series A Stock
Preferred Shares Series B Outstanding
Preferred Series B Stock
Common Shares Outstanding
Common Stock
Capital Surplus
Accum. Other Comprehensive Income (Loss)
Retained Earnings
Treasury Stock
Total
Balance as of December 31, 2025
180,000
$
180,000
165,000
$
165,000
39,725,698
$
587
$
664,781
$
(244,438
)
$
2,205,707
$
(1,120,425
)
$
1,851,212
Net Income
–
–
–
–
–
–
–
–
57,432
–
57,432
Other Comprehensive Loss
–
–
–
–
–
–
–
(2,779
)
–
–
(2,779
)
Share-Based Compensation
–
–
–
–
–
–
7,459
–
–
–
7,459
Common Stock Issued Under Purchase and Equity Compensation Plans
–
–
–
–
237,399
3
344
–
–
881
1,228
Common Stock Repurchased Under Share Repurchase Program
–
–
–
–
(194,096
)
–
–
–
–
(15,109
)
(15,109
)
Equity Compensation Plan Common Stock Repurchases
–
–
–
–
(148,438
)
–
–
–
–
(11,280
)
(11,280
)
Cash Dividends Declared Common Stock ($0.70 per share)
–
–
–
–
–
–
–
–
(28,331
)
–
(28,331
)
Cash Dividends Declared Preferred Stock
–
–
–
–
–
–
–
–
(5,269
)
–
(5,269
)
Balance as of March 31, 2026
180,000
$
180,000
165,000
$
165,000
39,620,563
$
590
$
672,584
$
(247,217
)
$
2,229,539
$
(1,145,933
)
$
1,854,563
Balance as of December 31, 2024
180,000
$
180,000
165,000
$
165,000
39,762,255
$
585
$
647,403
$
(343,389
)
$
2,133,838
$
(1,115,663
)
$
1,667,774
Net Income
–
–
–
–
–
–
–
–
43,985
–
43,985
Other Comprehensive Income
–
–
–
–
–
–
–
24,992
–
–
24,992
Share-Based Compensation
–
–
–
–
–
–
3,680
–
–
–
3,680
Common Stock Issued Under Purchase and Equity Compensation Plans
–
–
–
–
19,477
1
291
–
–
1,023
1,315
Equity Compensation Plan Common Stock Repurchases
–
–
–
–
(47,428
)
–
–
–
–
(3,314
)
(3,314
)
Cash Dividends Declared Common Stock ($0.70 per share)
–
–
–
–
–
–
–
–
(28,228
)
–
(28,228
)
Cash Dividends Declared Preferred Stock
–
–
–
–
–
–
–
–
(5,269
)
–
(5,269
)
Balance as of March 31, 2025
180,000
$
180,000
165,000
$
165,000
39,734,304
$
586
$
651,374
$
(318,397
)
$
2,144,326
$
(1,117,954
)
$
1,704,935
Bank of Hawai‘i Corporation and Subsidiaries
Average Balances and Interest Rates - Taxable-Equivalent Basis 1
Table 7
Three Months Ended March 31, 2026
Three Months Ended December 31, 2025
Three Months Ended March 31, 2025
(dollars in millions)
Average Balance
Income/Expense 2
Yield/Rate
Average Balance
Income/Expense 2
Yield/Rate
Average Balance
Income/Expense 2
Yield/Rate
Earning Assets
Cash and Cash Equivalents
$
372.5
$
3.3
3.58
%
$
604.5
$
6.0
3.84
%
$
500.0
$
5.5
4.37
%
Investment Securities
Available-for-Sale
Taxable
3,598.1
34.2
3.82
3,363.4
32.5
3.86
2,790.3
24.1
3.47
Non-Taxable
32.1
0.4
5.07
32.0
0.5
5.80
21.3
0.3
5.68
Held-to-Maturity
Taxable
4,175.4
18.4
1.76
4,265.7
18.8
1.76
4,548.6
20.2
1.77
Non-Taxable
33.5
0.2
2.10
33.7
0.2
2.10
34.1
0.2
2.09
Total Investment Securities
7,839.1
53.2
2.72
7,694.8
52.0
2.70
7,394.3
44.8
2.43
Loans Held for Sale
3.6
0.1
5.22
2.4
0.0
5.51
2.3
0.0
6.06
Loans and Leases 3
Commercial Mortgage
4,220.6
54.1
5.19
4,124.5
55.2
5.31
4,015.2
52.5
5.30
Commercial and Industrial
1,583.4
18.7
4.79
1,590.0
19.6
4.90
1,703.7
21.3
5.06
Construction
215.7
3.4
6.46
265.5
4.6
6.89
338.5
6.0
7.22
Commercial Lease Financing
86.9
0.9
4.29
89.7
0.9
4.19
91.1
0.9
3.83
Residential Mortgage
4,781.9
47.8
4.00
4,719.8
47.5
4.03
4,616.7
44.8
3.88
Home Equity
2,103.1
23.6
4.55
2,122.1
24.3
4.54
2,154.4
22.5
4.23
Automobile
684.6
9.4
5.57
692.7
9.6
5.49
752.6
9.3
5.02
Other
407.7
7.8
7.76
409.2
7.9
7.64
390.0
7.1
7.41
Total Loans and Leases
14,083.9
165.7
4.75
14,013.5
169.6
4.81
14,062.2
164.4
4.72
Other
81.9
1.3
6.31
82.2
1.2
6.06
65.1
1.1
6.67
Total Earning Assets
22,381.0
223.6
4.03
22,397.4
228.8
4.07
22,023.9
215.8
3.95
Non-Earning Assets
1,534.3
1,561.0
1,614.2
Total Assets
$
23,915.3
$
23,958.4
$
23,638.1
Interest-Bearing Liabilities
Interest-Bearing Deposits
Demand
$
3,839.0
$
6.6
0.69
%
$
3,697.9
$
7.3
0.78
%
$
3,773.4
$
7.1
0.76
%
Savings
8,668.4
38.7
1.81
8,738.2
44.3
2.01
8,544.5
47.1
2.23
Time
2,753.6
19.6
2.89
2,974.0
23.9
3.18
3,037.3
27.5
3.67
Total Interest-Bearing Deposits
15,261.0
64.9
1.72
15,410.1
75.5
1.94
15,355.2
81.7
2.16
Securities Sold Under Agreements to Repurchase
50.0
0.5
3.89
50.0
0.5
3.89
76.7
0.7
3.88
Other Debt
560.9
5.8
4.23
558.2
5.9
4.23
578.2
6.1
4.24
Total Interest-Bearing Liabilities
15,871.9
71.2
1.82
16,018.3
81.9
2.03
16,010.1
88.5
2.24
Net Interest Income
$
152.4
$
146.9
$
127.3
Interest Rate Spread
2.21
%
2.04
%
1.71
%
Net Interest Margin
2.74
%
2.61
%
2.32
%
Noninterest-Bearing Demand Deposits
5,654.4
5,570.1
5,314.3
Other Liabilities
521.8
556.0
638.1
Shareholders' Equity
1,867.2
1,814.0
1,675.6
Total Liabilities and Shareholders' Equity
$
23,915.3
$
23,958.4
$
23,638.1
1 Due to rounding, the amounts presented in this table may not tie to other amounts presented elsewhere in this report.
2 Interest income includes taxable-equivalent basis adjustments, based upon a federal statutory tax rate of 21%, of $1.4 million, $1.6 million, and $1.5 million for the three months ended March 31, 2026, December 31, 2025, and March 31, 2025, respectively.
3 Non-performing loans and leases are included in the respective average loan and lease balances.
Bank of Hawai‘i Corporation and Subsidiaries
Analysis of Change in Net Interest Income - Taxable-Equivalent Basis
Table 8a
Three Months Ended March 31, 2026
Compared to December 31, 2025
(dollars in millions)
Volume 1
Rate 1
Total
Change in Interest Income:
Cash and Cash Equivalents
$
(2.2
)
$
(0.4
)
$
(2.6
)
Investment Securities
Available-for-Sale
Taxable
2.1
(0.4
)
1.7
Non-Taxable
—
(0.1
)
(0.1
)
Held-to-Maturity
Taxable
(0.4
)
0.0
(0.4
)
Non-Taxable
0.0
—
0.0
Total Investment Securities
1.7
(0.5
)
1.2
Loans Held for Sale
0.0
0.0
0.0
Loans and Leases
Commercial Mortgage
0.6
(1.8
)
(1.2
)
Commercial and Industrial
(0.1
)
(0.8
)
(0.9
)
Construction
(0.9
)
(0.3
)
(1.2
)
Commercial Lease Financing
0.0
0.0
0.0
Residential Mortgage
0.6
(0.3
)
0.3
Home Equity
(0.5
)
(0.1
)
(0.6
)
Automobile
(0.2
)
0.0
(0.2
)
Other
(0.1
)
0.0
(0.1
)
Total Loans and Leases
(0.6
)
(3.3
)
(3.9
)
Other
0.0
0.0
0.0
Total Change in Interest Income
(1.1
)
(4.2
)
(5.3
)
Change in Interest Expense:
Interest-Bearing Deposits
Demand
0.2
(0.9
)
(0.7
)
Savings
(0.4
)
(5.2
)
(5.6
)
Time
(1.9
)
(2.4
)
(4.3
)
Total Interest-Bearing Deposits
(2.1
)
(8.5
)
(10.6
)
Securities Sold Under Agreements to Repurchase
—
0.0
0.0
Other Debt
(0.1
)
0.0
(0.1
)
Total Change in Interest Expense
(2.2
)
(8.5
)
(10.7
)
Change in Net Interest Income
$
1.1
$
4.3
$
5.4
1 The change in interest income and expense due to both volume and rate has been allocated between the factors in proportion to the relationship of the absolute dollar amounts of the change in each.
Bank of Hawai‘i Corporation and Subsidiaries
Analysis of Change in Net Interest Income - Taxable-Equivalent Basis
Table 8b
Three Months Ended March 31, 2026
Compared to March 31, 2025
(dollars in millions)
Volume 1
Rate 1
Total
Change in Interest Income:
Cash and Cash Equivalents
$
(1.2
)
$
(0.9
)
$
(2.1
)
Investment Securities
Available-for-Sale
Taxable
7.5
2.6
10.1
Non-Taxable
0.1
0.0
0.1
Held-to-Maturity
Taxable
(1.6
)
(0.1
)
(1.7
)
Non-Taxable
0.0
—
0.0
Total Investment Securities
6.0
2.5
8.5
Loans Held for Sale
0.0
0.0
0.0
Loans and Leases
Commercial Mortgage
2.7
(1.2
)
1.5
Commercial and Industrial
(1.5
)
(1.1
)
(2.6
)
Construction
(2.0
)
(0.6
)
(2.6
)
Commercial Lease Financing
0.0
0.1
0.1
Residential Mortgage
1.6
1.4
3.0
Home Equity
(0.5
)
1.6
1.1
Automobile
(0.9
)
1.0
0.1
Other
0.3
0.4
0.7
Total Loans and Leases
(0.3
)
1.6
1.3
Other
0.4
(0.3
)
0.1
Total Change in Interest Income
4.9
2.9
7.8
Change in Interest Expense:
Interest-Bearing Deposits
Demand
0.2
(0.7
)
(0.5
)
Savings
0.6
(9.0
)
(8.4
)
Time
(2.4
)
(5.5
)
(7.9
)
Total Interest-Bearing Deposits
(1.6
)
(15.2
)
(16.8
)
Securities Sold Under Agreements to Repurchase
(0.3
)
0.0
(0.3
)
Other Debt
(0.2
)
0.0
(0.2
)
Total Change in Interest Expense
(2.1
)
(15.2
)
(17.3
)
Change in Net Interest Income
$
7.0
$
18.1
$
25.1
1 The change in interest income and expense due to both volume and rate has been allocated between the factors in proportion to the relationship of the absolute dollar amounts of the change in each.
Bank of Hawai‘i Corporation and Subsidiaries
Salaries and Benefits
Table 9
Three Months Ended
(dollars in thousands)
March 31, 2026
December 31, 2025
March 31, 2025
Salaries
$
38,990
$
39,915
$
38,242
Share-Based Compensation
7,282
4,379
3,501
Incentive Compensation
6,083
4,535
5,573
Payroll Taxes
5,321
2,740
4,766
Retirement and Other Benefits
4,597
4,378
5,061
Medical, Dental, and Life Insurance
4,222
3,916
4,537
Commission Expense
1,213
1,670
1,123
Separation Expense
749
142
81
Total Salaries and Benefits
$
68,457
$
61,675
$
62,884
Bank of Hawai‘i Corporation and Subsidiaries
Loan and Lease Portfolio Balances
Table 10
(dollars in thousands)
March 31,
2026
December 31,
2025
September 30,
2025
June 30,
2025
March 31,
2025
Commercial
Commercial Mortgage
$
4,341,448
$
4,205,791
$
4,040,711
$
4,038,956
$
4,038,287
Commercial and Industrial
1,575,207
1,584,245
1,581,232
1,597,560
1,703,290
Construction
204,993
208,584
380,944
374,768
363,716
Lease Financing
84,651
88,303
92,213
92,842
92,456
Total Commercial
6,206,299
6,086,923
6,095,100
6,104,126
6,197,749
Consumer
Residential Mortgage
4,800,256
4,775,502
4,685,214
4,637,014
4,630,876
Home Equity
2,095,521
2,114,809
2,129,599
2,139,025
2,144,955
Automobile
680,570
690,376
699,244
715,688
740,390
Other
410,165
414,440
412,422
406,325
401,353
Total Consumer
7,986,512
7,995,127
7,926,479
7,898,052
7,917,574
Total Loans and Leases
$
14,192,811
$
14,082,050
$
14,021,579
$
14,002,178
$
14,115,323
Deposits
(dollars in thousands)
March 31,
2026
December 31,
2025
September 30,
2025
June 30,
2025
March 31,
2025
Consumer
$
10,530,223
$
10,466,617
$
10,393,932
$
10,429,271
$
10,522,627
Commercial
8,340,279
8,597,265
8,348,396
8,243,898
8,411,838
Public and Other
2,087,428
2,124,613
2,338,341
2,125,745
2,073,752
Total Deposits
$
20,957,930
$
21,188,495
$
21,080,669
$
20,798,914
$
21,008,217
Average Deposits
Three Months Ended
(dollars in thousands)
March 31,
2026
December 31,
2025
September 30,
2025
June 30,
2025
March 31,
2025
Consumer
$
10,461,004
$
10,373,200
$
10,387,715
$
10,435,867
$
10,408,747
Commercial
8,431,519
8,478,592
8,504,078
8,316,893
8,318,182
Public and Other
2,022,920
2,128,407
2,176,493
1,946,933
1,942,610
Total Deposits
$
20,915,443
$
20,980,199
$
21,068,286
$
20,699,693
$
20,669,539
Bank of Hawai‘i Corporation and Subsidiaries
Non-Performing Assets and Accruing Loans and Leases Past Due 90 Days or More
Table 11
(dollars in thousands)
March 31,
2026
December 31,
2025
September 30,
2025
June 30,
2025
March 31,
2025
Non-Performing Assets
Non-Accrual Loans and Leases
Commercial
Commercial Mortgage
$
-
$
2,085
$
2,498
$
2,566
$
2,195
Commercial and Industrial
1,860
1,940
3,506
3,744
3,451
Total Commercial
1,860
4,025
6,004
6,310
5,646
Consumer
Residential Mortgage
5,410
5,382
5,628
5,842
4,686
Home Equity
4,525
4,469
5,107
5,387
5,759
Total Consumer
9,935
9,851
10,735
11,229
10,445
Total Non-Accrual Loans and Leases
11,795
13,876
16,739
17,539
16,091
Foreclosed Real Estate
295
295
125
342
1,360
Total Non-Performing Assets
$
12,090
$
14,171
$
16,864
$
17,881
$
17,451
Accruing Loans and Leases Past Due 90 Days or More
Consumer
Residential Mortgage
$
10,733
$
8,834
$
7,456
$
9,070
$
3,895
Home Equity
1,556
2,152
2,765
1,867
2,228
Automobile
672
520
525
680
486
Other
764
753
578
630
943
Total Consumer
13,725
12,259
11,324
12,247
7,552
Total Accruing Loans and Leases Past Due 90 Days or More
$
13,725
$
12,259
$
11,324
$
12,247
$
7,552
Total Loans and Leases
$
14,192,811
$
14,082,050
$
14,021,579
$
14,002,178
$
14,115,323
Ratio of Non-Accrual Loans and Leases to Total Loans and Leases
0.08
%
0.10
%
0.12
%
0.13
%
0.11
%
Ratio of Non-Performing Assets to Total Loans and Leases and Foreclosed Real Estate
0.09
%
0.10
%
0.12
%
0.13
%
0.12
%
Ratio of Non-Performing Assets to Total Assets
0.05
%
0.06
%
0.07
%
0.08
%
0.07
%
Ratio of Commercial Non-Performing Assets to Total Commercial Loans and Leases and Commercial Foreclosed Real Estate
0.03
%
0.07
%
0.10
%
0.10
%
0.09
%
Ratio of Consumer Non-Performing Assets to Total Consumer Loans and Leases and Consumer Foreclosed Real Estate
0.13
%
0.13
%
0.14
%
0.15
%
0.15
%
Ratio of Non-Performing Assets and Accruing Loans and Leases Past Due 90 Days or More to Total Loans and Leases and Foreclosed Real Estate
0.18
%
0.19
%
0.20
%
0.22
%
0.18
%
Quarter to Quarter Changes in Non-Performing Assets Balance at Beginning of Quarter
$
14,171
$
16,864
$
17,881
$
17,451
$
19,300
Additions 1
1,010
2,608
959
3,522
2,209
Reductions
Payments
(2,744
)
(2,631
)
(804
)
(1,424
)
(1,212
)
Return to Accrual Status
(341
)
(1,217
)
(321
)
(574
)
(244
)
Sales of Foreclosed Real Estate
-
(120
)
(216
)
(1,040
)
(1,492
)
Charge-offs / Write-downs 1
(6
)
(1,333
)
(635
)
(54
)
(1,110
)
Total Reductions
(3,091
)
(5,301
)
(1,976
)
(3,092
)
(4,058
)
Balance at End of Quarter
$
12,090
$
14,171
$
16,864
$
17,881
$
17,451
1 Excludes loans that are fully charged-off and placed on non-accrual status during the same period.
Bank of Hawai‘i Corporation and Subsidiaries
Reserve for Credit Losses
Table 12
Three Months Ended
(dollars in thousands)
March 31, 2026
December 31, 2025
March 31, 2025
Balance at Beginning of Period
$
148,403
$
150,051
$
150,649
Loans and Leases Charged-Off
Commercial
Commercial and Industrial
(230
)
(1,331
)
(1,399
)
Consumer
Residential Mortgage
(15
)
—
—
Home Equity
(6
)
(165
)
(75
)
Automobile
(1,417
)
(1,654
)
(1,751
)
Other
(2,394
)
(2,192
)
(2,484
)
Total Loans and Leases Charged-Off
(4,062
)
(5,342
)
(5,709
)
Recoveries on Loans and Leases Previously Charged-Off
Commercial
Commercial Mortgage
1,617
—
—
Commercial and Industrial
53
92
77
Consumer
Residential Mortgage
11
11
11
Home Equity
137
88
128
Automobile
579
517
633
Other
590
486
457
Total Recoveries on Loans and Leases
2,987
1,194
1,306
Net Charged-Off - Loans and Leases
(1,075
)
(4,148
)
(4,403
)
Provision for Credit Losses:
Loans and Leases
1,271
2,136
3,582
Unfunded Commitments
479
364
(332
)
Total Provision for Credit Losses
1,750
2,500
3,250
Balance at End of Period
$
149,078
$
148,403
$
149,496
Components
Allowance for Credit Losses - Loans and Leases
$
146,962
$
146,766
$
147,707
Reserve for Unfunded Commitments
2,116
1,637
1,789
Total Reserve for Credit Losses
$
149,078
$
148,403
$
149,496
Average Loans and Leases Outstanding
$
14,083,875
$
14,013,532
$
14,062,173
Ratio of Net Loans and Leases Charged-Off to Average Loans and Leases Outstanding (annualized)
0.03
%
0.12
%
0.13
%
Ratio of Allowance for Credit Losses to Loans and Leases Outstanding 1
1.04
%
1.04
%
1.05
%
1 The numerator comprises the Allowance for Credit Losses - Loans and Leases.
Bank of Hawai‘i Corporation and Subsidiaries
Selected Quarterly Financial Data
Table 13
Three Months Ended
(dollars in thousands, except per share amounts)
March 31, 2026
December 31, 2025
September 30, 2025
June 30, 2025
March 31, 2025
Quarterly Operating Results
Interest Income
Interest and Fees on Loans and Leases
$
164,469
$
168,234
$
169,411
$
166,779
$
163,082
Income on Investment Securities
Available-for-Sale
34,575
32,950
29,702
27,007
24,368
Held-to-Maturity
18,541
18,929
19,332
19,835
20,291
Cash and Cash Equivalents
3,329
5,936
8,195
3,817
5,460
Other
1,293
1,245
1,068
1,097
1,085
Total Interest Income
222,207
227,294
227,708
218,535
214,286
Interest Expense
Deposits
64,886
75,477
84,590
82,476
81,692
Securities Sold Under Agreements to Repurchase
486
496
496
491
744
Other Debt
5,845
5,947
5,947
5,885
6,043
Total Interest Expense
71,217
81,920
91,033
88,852
88,479
Net Interest Income
150,990
145,374
136,675
129,683
125,807
Provision for Credit Losses
1,750
2,500
2,500
3,250
3,250
Net Interest Income After Provision for Credit Losses
149,240
142,874
134,175
126,433
122,557
Noninterest Income
Trust and Asset Management
12,445
12,883
12,598
12,097
11,741
Fees, Exchange, and Other Service Charges
10,928
12,298
15,219
14,383
14,437
Service Charges on Deposit Accounts
8,440
8,694
8,510
8,119
8,259
Bank-Owned Life Insurance
4,147
3,758
3,681
3,714
3,611
Annuity and Insurance
1,469
1,124
1,095
1,437
1,555
Mortgage Banking
876
917
906
849
988
Investment Securities Losses, Net
(1,272
)
(18,717
)
(1,945
)
(1,126
)
(1,607
)
Other
4,299
23,314
5,902
5,322
5,074
Total Noninterest Income
41,332
44,271
45,966
44,795
44,058
Noninterest Expense
Salaries and Benefits
68,457
61,675
62,905
61,308
62,884
Net Occupancy
10,782
10,029
10,932
10,499
10,559
Net Equipment
10,611
10,047
10,285
9,977
10,192
Data Processing
5,581
5,659
5,603
5,456
5,267
Professional Fees
4,226
3,682
4,022
4,263
4,264
FDIC Insurance
2,719
2,378
3,508
3,640
1,642
Other
13,695
16,048
15,132
15,640
15,651
Total Noninterest Expense
116,071
109,518
112,387
110,783
110,459
Income Before Provision for Income Taxes
74,501
77,627
67,754
60,445
56,156
Provision for Income Taxes
17,069
16,692
14,409
12,808
12,171
Net Income
$
57,432
$
60,935
$
53,345
$
47,637
$
43,985
Preferred Stock Dividends
5,269
5,269
5,269
5,269
5,269
Net Income Available to Common Shareholders
$
52,163
$
55,666
$
48,076
$
42,368
$
38,716
Basic Earnings Per Common Share
$
1.32
$
1.40
$
1.21
$
1.07
$
0.98
Diluted Earnings Per Common Share
$
1.30
$
1.39
$
1.20
$
1.06
$
0.97
Balance Sheet Totals
Loans and Leases
$
14,192,811
$
14,082,050
$
14,021,579
$
14,002,178
$
14,115,323
Total Assets
23,909,933
24,176,364
24,014,609
23,709,752
23,885,056
Total Deposits
20,957,930
21,188,495
21,080,669
20,798,914
21,008,217
Total Shareholders' Equity
1,854,563
1,851,212
1,791,183
1,743,107
1,704,935
Performance Ratios
Return on Average Assets
0.97
%
1.01
%
0.88
%
0.81
%
0.75
%
Return on Average Shareholders' Equity
12.47
13.33
12.10
11.21
10.65
Return on Average Common Equity
13.90
15.03
13.59
12.50
11.80
Efficiency Ratio 1
60.35
57.75
61.53
63.49
65.03
Net Interest Margin 2
2.74
2.61
2.46
2.39
2.32
1 Efficiency ratio is defined as noninterest expense divided by total revenue (net interest income and total noninterest income).
2 Net interest margin is defined as net interest income, on a taxable-equivalent basis, as a percentage of average earning assets.
Bank of Hawai‘i Corporation and Subsidiaries
Hawaii Economic Trends
Table 14
Year Ended
(dollars in millions, jobs in thousands, 1-year percentage change)
December 31, 2025
December 31, 2024
Hawaii Economic Trends
General Excise and Use Tax Revenue 1
889.1
4.1
%
4,773.4
6.2
%
4,495.0
0.5
%
Jobs 2
672.7
672.9
669.0
January 31,
December 31,
2026
2025
2024
Unemployment, seasonally adjusted 2
Statewide
2.6
%
2.6
%
3.0
%
Honolulu County
2.6
2.5
2.9
Hawaii County
2.9
3.1
3.5
Maui County
2.9
2.9
3.6
Kauai County
2.0
2.7
3.0
February 28,
December 31,
(1-year percentage change, except months of inventory)
2026
2025
2024
2023
Housing Trends (Single Family Oahu) 3
Median Home Price
0.9
%
3.5
%
4.8
%
(5.0
)%
Home Sales Volume (units)
2.2
%
3.5
%
9.1
%
(26.3
)%
Months of Inventory
2.8
2.6
2.9
2.8
(in thousands, except percentage change)
Monthly Visitor Arrivals,
Not Seasonally Adjusted
Percentage Change
from Previous Year
Tourism 4
February 28, 2026
760.8
2.9
%
January 31, 2026
858.7
11.1
December 31, 2025
850.3
(4.4
)
November 30, 2025
728.1
(3.7
)
October 31, 2025
727.2
(1.2
)
September 30, 2025
674.9
(2.2
)
August 31, 2025
806.8
(2.6
)
July 31, 2025
870.8
(4.6
)
June 30, 2025
855.7
(1.9
)
May 31, 2025
766.4
1.1
April 30, 2025
810.3
9.4
March 31, 2025
890.0
2.8
February 28, 2025
739.7
(1.7
)
January 31, 2025
773.1
3.7
December 31, 2024
889.6
5.0
November 30, 2024
755.8
4.8
October 31, 2024
736.1
5.1
September 30, 2024
690.2
6.5
August 31, 2024
828.3
8.1
July 31, 2024
912.8
(1.9
)
June 30, 2024
872.6
(1.5
)
May 31, 2024
757.8
(4.1
)
April 30, 2024
740.7
(8.1
)
March 31, 2024
865.8
(3.0
)
February 29, 2024
752.7
2.6
1 Source: Hawaii Department of Business, Economic Development & Tourism. Based on the latest complete available data for February 2026.
2 Source: U.S. Bureau of Labor Statistics. Based on the latest complete available data for January 2026. Prior period numbers most recently reported may differ from previously reported figures.
3 Source: Honolulu Board of Realtors.
4 Source: Hawaii Tourism Authority. Prior period numbers most recently reported may differ from previously reported figures.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260420410662/en/
Media Inquiries
Melissa Torres-Laing
Email: Melissa.Torres-Laing@boh.com
Phone: 808-694-8384
Mobile: 808-859-1703
Investor/Analyst Inquiries
Chang Park
Email: Chang.Park@boh.com
Phone: 808-694-8238
Patricia Lam
Email: Patricia.Lam@boh.com
Phone: 808-694-8575
Original: Bank of Hawai‘i Corporation First Quarter 2026 Financial Results