BANK OF HAWAII CORP
For the period ended Dec 31, 2023. Filed Feb 29, 2024.
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FY2023 · Filed Feb 29, 2024
BOH$70.46-0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Income
| Year Ended December 31, | |||
|---|---|---|---|
| (dollars in thousands, except per share amounts) | 2023 | 2022 | 2021 |
| Interest Income | |||
| Interest and Fees on Loans and Leases | $590,611 | $439,798 | $398,616 |
| Income on Investment Securities | |||
| Available-for-Sale | 93,528 | 70,555 | 64,550 |
| Held-to-Maturity | 92,750 | 81,490 | 61,955 |
| Deposits | 86 | 32 | 10 |
| Funds Sold | 28,294 | 4,274 | 883 |
| Other | 5,106 | 1,217 | 702 |
| Total Interest Income | 810,375 | 597,366 | 526,716 |
| Interest Expense | |||
| Deposits | 250,847 | 39,678 | 15,216 |
| Securities Sold Under Agreements to Repurchase | 16,306 | 12,600 | 13,260 |
| Funds Purchased | 888 | 417 | 7 |
| Short-Term Borrowings | 5,713 | 2,070 | — |
| Other Debt | 39,596 | 2,043 | 943 |
| Total Interest Expense | 313,350 | 56,808 | 29,426 |
| Net Interest Income | 497,025 | 540,558 | 497,290 |
| Provision for Credit Losses | 9,000 | (7,800) | (50,500) |
| Net Interest Income After Provision for Credit Losses | 488,025 | 548,358 | 547,790 |
| Noninterest Income | |||
| Trust and Asset Management | 43,597 | 43,803 | 46,068 |
| Mortgage Banking | 4,255 | 5,980 | 14,964 |
| Service Charges on Deposit Accounts | 31,116 | 29,620 | 25,564 |
| Fees, Exchange, and Other Service Charges | 55,556 | 54,914 | 55,457 |
| Investment Securities Losses, Net | (11,455) | (6,111) | (1,297) |
| Annuity and Insurance | 4,736 | 3,782 | 3,224 |
| Bank-Owned Life Insurance | 11,643 | 9,968 | 7,784 |
| Other | 37,161 | 15,585 | 19,589 |
| Total Noninterest Income | 176,609 | 157,541 | 171,353 |
| Noninterest Expense | |||
| Salaries and Benefits | 234,079 | 235,270 | 228,293 |
| Net Occupancy | 39,924 | 39,441 | 26,244 |
| Net Equipment | 40,251 | 38,374 | 35,703 |
| Data Processing | 18,836 | 18,362 | 20,297 |
| Professional Fees | 17,459 | 14,557 | 12,895 |
| FDIC Insurance | 28,313 | 6,546 | 6,536 |
| Other | 58,656 | 62,715 | 63,621 |
| Total Noninterest Expense | 437,518 | 415,265 | 393,589 |
| Income Before Provision for Income Taxes | 227,116 | 290,634 | 325,554 |
| Provision for Income Taxes | 55,914 | 64,830 | 72,182 |
| Net Income | $171,202 | $225,804 | $253,372 |
| Preferred Stock Dividends | 7,877 | 7,877 | 2,975 |
| Net Income Available to Common Shareholders | $163,325 | $217,927 | $250,397 |
| Basic Earnings Per Common Share | $4.16 | $5.50 | $6.29 |
| Diluted Earnings Per Common Share | $4.14 | $5.48 | $6.25 |
| Dividends Declared Per Common Share | $2.80 | $2.80 | $2.74 |
| Basic Weighted Average Common Shares | 39,274,291 | 39,601,089 | 39,837,798 |
| Diluted Weighted Average Common Shares | 39,428,912 | 39,788,002 | 40,053,664 |
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