$BOH-PB

BANK OF HAWAII CORP

CIK:0000046195|SEC Filings

Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Interest Income
Interest and Fees on Loans and Leases	$ 168,624	$ 166,779	$ 333,093	$ 329,861
Income on Investment Securities
Available-for-Sale	36,397	27,007	70,972	51,375
Held-to-Maturity	18,056	19,835	36,597	40,126
Cash and Cash Equivalents	1,726	3,817	5,055	9,277
Other	1,313	1,097	2,606	2,182
Total Interest Income	226,116	218,535	448,323	432,821
Interest Expense
Deposits	65,804	82,476	130,690	164,168
Securities Sold Under Agreements to Repurchase	491	491	977	1,235
Other Debt	6,217	5,885	12,062	11,928
Total Interest Expense	72,512	88,852	143,729	177,331
Net Interest Income	153,604	129,683	304,594	255,490
Provision for Credit Losses	3,600	3,250	5,350	6,500
Net Interest Income After Provision for Credit Losses	150,004	126,433	299,244	248,990
Noninterest Income
Trust and Asset Management	13,712	12,097	26,157	23,838
Fees, Exchange, and Other Service Charges	11,127	14,383	22,055	28,820
Service Charges on Deposit Accounts	8,353	8,119	16,793	16,378
Bank-Owned Life Insurance	3,923	3,714	8,070	7,325
Annuity and Insurance	2,017	1,437	3,486	2,992
Mortgage Banking	839	849	1,715	1,837
Investment Securities Losses, Net	(1,287)	(1,126)	(2,559)	(2,733)
Other	4,615	5,322	8,914	10,396
Total Noninterest Income	43,299	44,795	84,631	88,853
Noninterest Expense
Salaries and Benefits	62,642	61,308	131,099	124,192
Net Occupancy	10,868	10,499	21,650	21,058
Net Equipment	10,604	9,977	21,215	20,169
Data Processing	5,463	5,456	11,044	10,723
Professional Fees	5,276	4,263	9,502	8,527
FDIC Insurance	2,978	3,640	5,697	5,282
Other	13,355	15,640	27,050	31,291
Total Noninterest Expense	111,186	110,783	227,257	221,242
Income Before Provision for Income Taxes	82,117	60,445	156,618	116,601
Provision for Income Taxes	18,318	12,808	35,387	24,979
Net Income	63,799	47,637	121,231	91,622
Preferred Stock Dividends	5,269	5,269	10,538	10,538
Net Income Available to Common Shareholders	$ 58,530	$ 42,368	$ 110,693	$ 81,084
Basic Earnings Per Common Share (in USD per share)	$ 1.48	$ 1.07	$ 2.80	$ 2.05
Diluted Earnings Per Common Share (in USD per share)	1.47	1.06	2.78	2.03
Dividends Declared Per Common Share (in USD per share)	$ 0.70	$ 0.70	$ 1.40	$ 1.40
Basic Weighted Average Common Shares (in shares)	39,513,447	39,622,998	39,540,239	39,588,916
Diluted Weighted Average Common Shares (in shares)	39,734,782	39,895,093	39,839,337	39,888,294

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Operating Activities
Net Income	$ 121,231	$ 91,622
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:
Provision for Credit Losses	5,350	6,500
Depreciation and Amortization	13,910	15,156
Amortization of Deferred Loan and Lease Fees, Net	(195)	(672)
Amortization and Accretion of Premiums/Discounts on Investment Securities, Net	4,993	5,871
Share-Based Compensation	10,137	7,517
Benefit Plan Contributions	(1,239)	(1,023)
Net Gains on Sales of Loans and Leases	(1,094)	(1,302)
Proceeds from Sales of Loans Held for Sale	18,228	12,957
Originations of Loans Held for Sale	(16,619)	(12,590)
Net Change in Other Assets and Other Liabilities	(18,238)	(24,036)
Net Cash Provided by Operating Activities	136,464	100,000
Investment Securities Available-for-Sale:
Proceeds from Prepayments and Maturities	319,668	148,483
Purchases	(445,390)	(517,104)
Investment Securities Held-to-Maturity:
Proceeds from Prepayments and Maturities	181,937	184,959
Net Change in Loans and Leases	(199,130)	58,108
Purchases of Premises and Equipment	(33,407)	(17,162)
Net Cash Used in Investing Activities	(176,322)	(142,716)
Financing Activities
Net Change in Deposits	(295,720)	165,877
Repayments of Long-Term Other Debt	(50,052)	(50,048)
Proceeds from Issuance of Common Stock	2,449	2,609
Equity Compensation Plan Common Stock Repurchases	(32,086)	0
Equity Compensation Plan Common Stock Repurchases	(11,653)	(3,600)
Cash Dividends Paid on Common Stock	(56,248)	(56,472)
Cash Dividends Paid on Preferred Stock	(10,538)	(10,538)
Net Cash (Used in) Provided by Financing Activities	(453,848)	47,828
Net Change in Cash and Cash Equivalents	(493,706)	5,112
Cash and Cash Equivalents at Beginning of Period	946,520	763,571
Cash and Cash Equivalents at End of Period	452,814	768,683
Supplemental Information
Cash Paid for Interest	149,709	185,398
Cash Paid for Income Taxes	16,230	11,200
Supplemental Noncash Disclosures:
Transfer from Loans to Foreclosed Real Estate	0	217
Transfer from Loans to Loans Held for Sale	2,259	0
Right-of-Use Assets Acquired through Operating Leases	$ 5,314	$ 0

Derivative Financial Instruments - Derivative Financial Instruments, their Fair Values, and Balance Sheet Location (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Derivatives Fair Value [Line Items]
Derivative asset	$ 109,040	$ 99,581
Derivative liabilities	93,677	107,205
Interest Rate Swap Agreements
Derivatives Fair Value [Line Items]
Derivative asset	108,990	99,531
Derivative liabilities	92,799	107,000
Interest Rate Swap Agreements \| Derivatives designated as hedging instruments
Derivatives Fair Value [Line Items]
Derivative asset	16,253	2,494
Derivative liabilities	0	9,872
Interest Rate Swap Agreements \| Derivatives not designated as hedging instruments
Derivatives Fair Value [Line Items]
Derivative asset	92,737	97,037
Derivative liabilities	92,799	97,128
Interest Rate Lock Commitments \| Derivatives not designated as hedging instruments
Derivatives Fair Value [Line Items]
Derivative asset	16	45
Derivative liabilities	0	0
Forward Commitments \| Derivatives not designated as hedging instruments
Derivatives Fair Value [Line Items]
Derivative asset	10	0
Derivative liabilities	20	12
Foreign Exchange Swaps \| Derivatives not designated as hedging instruments
Derivatives Fair Value [Line Items]
Derivative asset	24	5
Derivative liabilities	$ 858	$ 193