NYSE : BOH
Bank of Hawaii Corporation — Financial statements
Financials · Banks - Regional · United States
Last price 69.77 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 2.74B
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 673.60M | 667.51M | 653.62M | 590.61M | 439.80M | 398.62M |
| Interest Income on Investments | 231.17M | 220.32M | 210.14M | 219.76M | 157.57M | 128.10M |
| Total Interest Income | 904.77M | 887.82M | 863.75M | 810.38M | 597.37M | 526.72M |
| Interest Paid on Deposits | 272.12M | 324.24M | 368.76M | 250.85M | 39.68M | 15.22M |
| Interest Paid on Borrowings | 26.63M | 26.05M | 28.41M | 62.50M | 17.13M | 14.21M |
| Total Interest Expense | 298.74M | 350.28M | 397.17M | 313.35M | 56.81M | 29.43M |
| Net Interest Income | 606.02M | 537.54M | 466.58M | 497.02M | 540.56M | 497.29M |
| Trust Income | 52.46M | 49.32M | 47.48M | 43.60M | 43.80M | 46.07M |
| Mortgage Banking Activities | 3.54M | 3.66M | 4.11M | 4.25M | 4.15M | 12.90M |
| Gain (Loss) on Sale of Investments | -22.77M | -23.39M | -7.51M | -11.46M | -6.11M | -1.30M |
| Other Non-Interest Income | 103.84M | 115.92M | 96.01M | 109.10M | 84.25M | 86.05M |
| Total Non-Interest Income | 171.61M | 179.09M | 172.53M | 176.61M | 155.71M | 169.29M |
| Revenues Before Loan Losses | 777.63M | 716.63M | 639.11M | 673.63M | 696.27M | 666.58M |
| Provision for Loan Losses | 10.60M | 11.50M | 11.15M | 9.00M | -7.80M | -50.50M |
| Revenue | 767.03M | 705.13M | 627.96M | 664.63M | 704.07M | 717.08M |
| Salaries and Employee Benefits | 224.41M | 219.74M | 205.66M | 234.08M | 235.27M | 228.29M |
| Occupancy Expenses | 26.92M | 26.06M | 26.33M | 24.53M | 23.96M | 26.24M |
| Federal Deposit Insurance | 11.08M | 11.17M | 17.85M | 28.31M | 6.55M | 6.54M |
| Selling, General & Administrative | 125.12M | 118.71M | 117.01M | 91.94M | 86.77M | 68.89M |
| Other Non-Interest Expense | 60.83M | 66.75M | 62.48M | 58.66M | 62.72M | 63.62M |
| Total Non-Interest Expense | 449.08M | 443.15M | 430.11M | 437.52M | 415.26M | 393.59M |
| EBT Excluding Unusual Items | 317.95M | 261.98M | 197.85M | 227.12M | 288.81M | 323.49M |
| Asset Writedown | 1.83M | 2.06M | ||||
| Pretax Income | 317.95M | 261.98M | 197.85M | 227.12M | 290.63M | 325.55M |
| Income Tax Expense | 71.53M | 56.08M | 47.86M | 55.91M | 64.83M | 72.18M |
| Net Income | 246.42M | 205.90M | 149.99M | 171.20M | 225.80M | 253.37M |
| Preferred Dividends & Other Adjustments | 21.08M | 21.08M | 12.64M | 7.88M | 7.88M | 2.98M |
| Net Income to Common | 225.35M | 184.82M | 137.35M | 163.32M | 217.93M | 250.40M |
| Basic Shares Outstanding | 39.51M | 39.62M | 39.45M | 39.27M | 39.60M | 39.84M |
| Diluted Shares Outstanding | 39.79M | 39.93M | 39.70M | 39.43M | 39.79M | 40.05M |
| EPS (Basic) | 5.70 | 4.67 | 3.48 | 4.16 | 5.50 | 6.29 |
| EPS (Diluted) | 5.66 | 4.63 | 3.46 | 4.14 | 5.48 | 6.25 |
| Dividend Per Share | 2.80 | 2.80 | 2.80 | 2.80 | 2.80 | 2.74 |
| Effective Tax Rate | 22.50% | 21.41% | 24.19% | 24.62% | 22.31% | 22.17% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 442.03M | 946.52M | 763.57M | 1.00B | 401.77M | 560.43M |
| Investment Securities | 1.22B | 1.38B | 1.36B | 1.29B | 1.50B | 999.26M |
| Trading Asset Securities | 154.81M | 99.58M | 161.47M | 95.07M | 47.72M | 42.01M |
| Mortgage-Backed Securities | 6.47B | 6.60B | 6.18B | 6.33B | 6.94B | 8.11B |
| Total Investments | 7.85B | 8.08B | 7.70B | 7.71B | 8.48B | 9.15B |
| Gross Loans | 14.37B | 14.08B | 14.08B | 13.97B | 13.65B | 12.26B |
| Allowance for Loan Losses | -146.17M | -146.77M | -148.53M | -146.40M | -144.44M | -157.82M |
| Net Loans | 14.23B | 13.94B | 13.93B | 13.82B | 13.50B | 12.10B |
| Property, Plant & Equipment | 311.73M | 283.17M | 264.64M | 280.96M | 299.08M | 295.01M |
| Goodwill | 31.52M | 31.52M | 31.52M | 31.52M | 31.52M | 31.52M |
| Loans Held for Sale | 3.97M | 4.37M | 2.15M | 3.12M | 1.03M | 26.75M |
| Accrued Interest Receivable | 71.75M | 69.90M | 66.37M | 66.53M | 61.00M | 45.24M |
| Other Receivables | 18.34M | 21.58M | 19.97M | 26.15M | 12.17M | 13.32M |
| Other Current Assets | 28.80M | 24.16M | 22.62M | 18.24M | 18.65M | 17.67M |
| Long-Term Deferred Tax Assets | 165.51M | 132.34M | 169.51M | 174.62M | 177.71M | 42.28M |
| Other Real Estate Owned & Foreclosed | 171.00K | 295.00K | 2.66M | 2.10M | 1.04M | 2.33M |
| Other Long-Term Assets | 623.70M | 611.86M | 593.16M | 565.55M | 565.89M | 463.01M |
| Total Assets | 23.82B | 24.18B | 23.60B | 23.73B | 23.61B | 22.78B |
| Interest Bearing Deposits | 15.05B | 13.73B | 13.31B | 12.90B | 12.40B | 12.28B |
| Institutional Deposits | 1.70B | 1.90B | 2.10B | 1.50B | 800.00M | |
| Non-Interest Bearing Deposits | 5.43B | 5.76B | 5.42B | 6.06B | 6.71B | 7.28B |
| Total Deposits | 20.48B | 21.19B | 20.63B | 21.06B | 20.62B | 20.36B |
| Short-Term Borrowings | 474.95M | 107.20M | 154.06M | 143.86M | 168.04M | 18.82M |
| Current Portion of Long-Term Debt | 50.00M | 490.00K | ||||
| Current Portion of Leases | 11.89M | |||||
| Current Income Taxes Payable | 7.10M | 11.90M | ||||
| Accrued Interest Payable | 16.68M | 22.37M | 34.80M | 41.02M | 9.70M | 2.50M |
| Long-Term Debt | 50.00M | 50.00M | 100.00M | 150.00M | 725.49M | 460.88M |
| Federal Home Loan Bank Debt, Long-Term | 500.00M | 500.00M | 550.00M | 550.00M | 400.00M | |
| Long-Term Leases | 104.60M | 88.69M | 97.07M | 104.88M | 110.82M | 103.21M |
| Pension & Post-Retirement Benefits | 25.24M | 20.14M | 23.76M | 23.67M | 26.99M | 38.49M |
| Other Long-Term Liabilities | 340.44M | 286.37M | 340.62M | 250.08M | 226.05M | 177.42M |
| Total Liabilities | 21.99B | 22.33B | 21.93B | 22.32B | 22.29B | 21.17B |
| Preferred Stock, Redeemable | 345.00M | 345.00M | 345.00M | 180.00M | 180.00M | 180.00M |
| Common Stock | 590.00K | 587.00K | 585.00K | 583.00K | 582.00K | 581.00K |
| Additional Paid-In Capital | 679.08M | 664.78M | 647.40M | 636.42M | 620.58M | 602.51M |
| Retained Earnings | 2.29B | 2.21B | 2.13B | 2.11B | 2.06B | 1.95B |
| Treasury Stock | -1.18B | -1.12B | -1.12B | -1.11B | -1.11B | -1.06B |
| Comprehensive Income & Other | -307.65M | -244.44M | -343.39M | -396.69M | -434.66M | -66.38M |
| Total Common Equity | 1.48B | 1.51B | 1.32B | 1.23B | 1.14B | 1.43B |
| Shareholders' Equity | 1.83B | 1.85B | 1.67B | 1.41B | 1.32B | 1.61B |
| Total Liabilities & Equity | 23.82B | 24.18B | 23.60B | 23.73B | 23.61B | 22.78B |
| Total Debt | 1.13B | 807.78M | 901.13M | 949.23M | 1.40B | 582.91M |
| Net Cash (Debt) | -532.71M | 238.32M | 23.92M | 146.78M | -954.86M | 19.54M |
| Net Cash Per Share | -13.39 | 5.97 | 0.60 | 3.72 | -24.00 | 0.49 |
| Filing Date Shares Outstanding | 39.21M | 39.66M | 39.76M | 39.75M | 39.79M | 40.29M |
| Total Common Shares Outstanding | 39.21M | 39.73M | 39.76M | 39.75M | 39.84M | 40.25M |
| Book Value Per Share | 37.77 | 37.92 | 33.27 | 31.05 | 28.54 | 35.57 |
| Tangible Book Value | 1.45B | 1.47B | 1.29B | 1.20B | 1.11B | 1.40B |
| Tangible Book Value Per Share | 36.97 | 37.12 | 32.47 | 30.25 | 27.75 | 34.78 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 246.42M | 205.90M | 149.99M | 171.20M | 225.80M | 253.37M |
| Depreciation & Amortization | 30.60M | 32.31M | 33.64M | 35.22M | 35.81M | 36.80M |
| Gain (Loss) on Sale of Assets | -8.65M | |||||
| Gain (Loss) on Sale of Investments | 27.33M | 28.21M | 12.23M | 17.80M | 26.93M | 37.78M |
| Provision for Credit Losses | 10.60M | 11.50M | 11.15M | 9.00M | -7.80M | -50.50M |
| Net Decrease (Increase) in Loans Originated / Sold - Operating | 72.00K | -2.04M | 1.41M | -2.35M | 26.75M | 99.99M |
| Change in Other Net Operating Assets | 2.64M | -52.93M | -32.87M | -90.58M | 13.61M | 27.99M |
| Other Operating Activities | -2.23M | -2.56M | -16.73M | -15.08M | -284.00K | -19.62M |
| Operating Cash Flow | 315.26M | 218.34M | 170.94M | 138.77M | 332.96M | 377.15M |
| Capital Expenditures | -47.60M | -34.05M | -9.68M | -9.40M | -28.76M | -22.37M |
| Sale of Property, Plant and Equipment | 10.25M | |||||
| Investment in Securities | 38.35M | -341.84M | 138.00M | 908.91M | 172.40M | -2.07B |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -347.10M | -27.19M | -99.83M | -325.26M | -1.40B | -342.77M |
| Investing Cash Flow | -356.35M | -403.09M | 28.50M | 574.25M | -1.25B | -2.42B |
| Short-Term Debt Issued | 275.00M | |||||
| Long-Term Debt Issued | 1.35B | 400.00M | ||||
| Total Debt Issued | 345.00M | 1.35B | 675.00M | |||
| Short-Term Debt Repaid | -150.10M | |||||
| Long-Term Debt Repaid | -50.10M | -50.59M | -1.78B | -97.00K | -50.09M | |
| Total Debt Repaid | -50.10M | -50.10M | -50.59M | -1.78B | -97.00K | -200.19M |
| Net Debt Issued (Repaid) | 294.90M | -50.10M | -50.59M | -425.10M | 674.90M | -200.19M |
| Issuance of Common Stock | 4.92M | 5.15M | 5.44M | 5.88M | 6.80M | 13.61M |
| Repurchase of Common Stock | -69.40M | -8.77M | -5.30M | -14.29M | -55.06M | -31.26M |
| Preferred Stock Issued | 160.61M | 175.49M | ||||
| Common Dividends Paid | -112.33M | -112.96M | -112.31M | -111.80M | -112.56M | -110.63M |
| Preferred Dividends Paid | -21.08M | -21.08M | -12.64M | -7.88M | -7.88M | -2.98M |
| Total Dividends Paid | -133.41M | -134.03M | -124.96M | -119.67M | -120.43M | -113.61M |
| Net Increase (Decrease) in Deposit Accounts | -599.11M | 555.46M | -422.01M | 439.35M | 255.59M | 2.15B |
| Financing Cash Flow | -502.10M | 367.70M | -436.81M | -113.84M | 761.79M | 1.99B |
| Net Cash Flow | -543.19M | 182.95M | -237.37M | 599.18M | -158.67M | -53.65M |
| Free Cash Flow | 267.67M | 184.28M | 161.26M | 129.36M | 304.20M | 354.78M |
| Free Cash Flow Margin | 34.90% | 26.14% | 25.68% | 19.46% | 43.21% | 49.48% |
| Free Cash Flow Per Share | 6.73 | 4.62 | 4.06 | 3.28 | 7.64 | 8.86 |
| Cash Interest Paid | 309.65M | 362.71M | 403.39M | 282.02M | 49.61M | 32.04M |
| Cash Income Tax Paid | 33.77M | 24.90M | 31.24M | 52.25M | 53.02M | 48.76M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 2.78B | 2.72B | 2.83B | 2.88B | 3.10B | 3.37B |
| Last Close Price | 69.77 | 66.54 | 66.54 | 64.83 | 65.82 | 68.64 |
| PE Ratio | 12.55 | 14.72 | 20.62 | 17.64 | 14.24 | 13.46 |
| PS Ratio | 3.59 | 3.86 | 4.51 | 4.33 | 4.41 | 4.70 |
| PB Ratio | 1.85 | 1.47 | 1.70 | 2.04 | 2.36 | 2.09 |
| P/FCF Ratio | 10.28 | 14.76 | 17.56 | 22.27 | 10.20 | 9.50 |
| P/OCF Ratio | 8.73 | 12.46 | 16.57 | 20.76 | 9.32 | 8.94 |
| Debt / Equity Ratio | 0.62 | 0.44 | 0.54 | 0.67 | 1.07 | 0.36 |
| Debt / FCF Ratio | 4.22 | 4.38 | 5.59 | 7.34 | 4.62 | 1.64 |
| Net Debt / Equity Ratio | 0.29 | -0.13 | -0.01 | -0.10 | 0.72 | -0.01 |
| Net Debt / FCF Ratio | 1.99 | -1.29 | -0.15 | -1.14 | 3.14 | -0.06 |
| Return on Equity (ROE) | 13.63% | 11.70% | 9.73% | 12.54% | 15.42% | 16.97% |
| Return on Assets (ROA) | 1.03% | 0.86% | 0.63% | 0.72% | 0.97% | 1.17% |
| Earnings Yield | 7.97% | 7.57% | 5.30% | 5.94% | 7.28% | 7.52% |
| FCF Yield | 9.73% | 6.78% | 5.70% | 4.49% | 9.80% | 10.53% |
| Dividend Yield | 3.97% | 4.09% | 3.93% | 3.86% | 3.59% | 3.27% |
| Payout Ratio | 49.47% | 65.10% | 83.31% | 69.90% | 53.34% | 44.84% |
| Buyback Yield / Dilution | 0.27% | -0.59% | -0.69% | 0.90% | 0.66% | -0.40% |
| Total Shareholder Return | 4.24% | 3.50% | 3.24% | 4.77% | 4.26% | 2.87% |