BANK OF HAWAII CORP
For the period ended Dec 31, 2025. Filed Feb 24, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 24, 2026
BOH$70.46-0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
| Year Ended December 31, | |||
|---|---|---|---|
| (dollars in thousands) | 2025 | 2024 | 2023 |
| Operating Activities | |||
| Net Income | $205,902 | $149,994 | $171,202 |
| Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities: | |||
| Provision for Credit Losses | 11,500 | 11,150 | 9,000 |
| Depreciation and Amortization | 18,788 | 20,053 | 21,324 |
| Amortization of Deferred Loan and Lease (Fees) Costs, Net | (944) | (325) | 491 |
| Amortization and Accretion of Premiums/Discounts on Investment Securities, Net | 11,374 | 12,234 | 13,222 |
| Amortization of Operating Lease Right-of-Use-Assets | 11,587 | 11,469 | 11,667 |
| Share-Based Compensation | 16,243 | 14,444 | 15,656 |
| Benefit Plan Contributions | (2,191) | (2,068) | (2,141) |
| Deferred Income Taxes | 2,512 | (12,220) | (11,205) |
| Net Gains on Sales of Loans and Leases | (2,257) | (2,331) | (2,103) |
| Net Realized Losses on Sales of Investment Securities | 16,841 | — | 4,581 |
| Gain on Sale of Merchant Portfolio, Net of Cash Received | (16,040) | — | — |
| Proceeds from Sales of Loans Held for Sale | 22,680 | 61,229 | 57,738 |
| Originations of Loans Held for Sale | (24,725) | (59,816) | (60,084) |
| Net Change in Other Assets and Other Liabilities | (52,932) | (32,872) | (90,582) |
| Net Cash Provided by Operating Activities | 218,338 | 170,941 | 138,766 |
| Investing Activities | |||
| Investment Securities Available-for-Sale: | |||
| Proceeds from Sales, Prepayments, and Maturities | 537,111 | 213,403 | 474,897 |
| Purchases | (1,267,183) | (470,812) | (511) |
| Investment Securities Held-to-Maturity: | |||
| Proceeds from Prepayments and Maturities | 388,232 | 395,411 | 434,528 |
| Net Change in Loans and Leases | (27,194) | (99,827) | (325,262) |
| Purchases of Premises and Equipment | (34,055) | (9,679) | (9,402) |
| Net Cash (Used in) Provided by Investing Activities | (403,089) | 28,496 | 574,250 |
| Financing Activities | |||
| Net Change in Deposits | 555,458 | (422,008) | 439,349 |
| Repayment of Long-Term Debt | (50,098) | (50,490) | (575,000) |
| Proceeds from Other Debt | — | — | 1,350,000 |
| Repayments of Other Debt | — | (105) | (1,200,104) |
| Proceeds from Issuance of Preferred Stock | — | 160,614 | — |
| Proceeds from Issuance of Common Stock | 5,147 | 5,438 | 5,878 |
| Common Stock Repurchased Under Share Repurchase Program | (5,001) | — | (9,854) |
| Equity Compensation Plan Common Stock Repurchases | (3,773) | (5,302) | (4,436) |
| Cash Dividends Paid on Common Stock | (112,956) | (112,313) | (111,795) |
| Cash Dividends Paid on Preferred Stock | (21,077) | (12,644) | (7,877) |
| Net Cash Provided by (Used in) Financing Activities | 367,700 | (436,810) | (113,839) |
| Net Change in Cash and Cash Equivalents | 182,949 | (237,373) | 599,177 |
| Cash and Cash Equivalents at Beginning of Period | 763,571 | 1,000,944 | 401,767 |
| Cash and Cash Equivalents at End of Period | $946,520 | $763,571 | $1,000,944 |
| Supplemental Information | |||
| Cash Paid for Interest | $362,714 | $403,394 | $282,025 |
| Cash Paid for Income Taxes | 24,902 | 31,240 | 52,246 |
| Non-Cash Investing and Financing Activities: | |||
| Transfers from Loans to Foreclosed Real Estate | 588 | 708 | 1,625 |
| Transfers from Loans Held for Sale to Loans | — | — | 569 |
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