BANK OF HAWAII CORP
For the period ended Dec 31, 2024. Filed Mar 4, 2025.
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FY2024 · Filed Mar 4, 2025
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) | 2024 | 2023 | 2022 |
| Interest Income | |||
| Interest and Fees on Loans and Leases | $653,615 | $590,611 | $439,798 |
| Income on Investment Securities | |||
| Available-for-Sale | 89,705 | 93,528 | 70,555 |
| Held-to-Maturity | 85,515 | 92,750 | 81,490 |
| Cash and Cash Equivalents | 30,701 | 28,380 | 4,306 |
| Other | 4,215 | 5,106 | 1,217 |
| Total Interest Income | 863,751 | 810,375 | 597,366 |
| Interest Expense | |||
| Deposits | 368,764 | 250,847 | 39,678 |
| Securities Sold Under Agreements to Repurchase | 4,608 | 16,306 | 12,600 |
| Funds Purchased | 44 | 888 | 417 |
| Short-Term Borrowings | — | 5,713 | 2,070 |
| Other Debt | 23,755 | 39,596 | 2,043 |
| Total Interest Expense | 397,171 | 313,350 | 56,808 |
| Net Interest Income | 466,580 | 497,025 | 540,558 |
| Provision for Credit Losses | 11,150 | 9,000 | (7,800) |
| Net Interest Income After Provision for Credit Losses | 455,430 | 488,025 | 548,358 |
| Noninterest Income | |||
| Fees, Exchange, and Other Service Charges | 57,236 | 55,556 | 54,914 |
| Trust and Asset Management | 47,485 | 43,597 | 43,803 |
| Service Charges on Deposit Accounts | 32,430 | 31,116 | 29,620 |
| Bank-Owned Life Insurance | 13,568 | 11,643 | 9,968 |
| Annuity and Insurance | 5,436 | 4,736 | 3,782 |
| Mortgage Banking | 4,109 | 4,255 | 5,980 |
| Investment Securities Losses, Net | (7,507) | (11,455) | (6,111) |
| Other | 19,772 | 37,161 | 15,585 |
| Total Noninterest Income | 172,529 | 176,609 | 157,541 |
| Noninterest Expense | |||
| Salaries and Benefits | 232,564 | 234,079 | 235,270 |
| Net Occupancy | 42,084 | 39,924 | 39,441 |
| Net Equipment | 40,886 | 40,251 | 38,374 |
| Data Processing | 19,540 | 18,836 | 18,362 |
| Professional Fees | 19,319 | 17,459 | 14,557 |
| FDIC Insurance | 17,850 | 28,313 | 6,546 |
| Other | 57,865 | 58,656 | 62,715 |
| Total Noninterest Expense | 430,108 | 437,518 | 415,265 |
| Income Before Provision for Income Taxes | 197,851 | 227,116 | 290,634 |
| Provision for Income Taxes | 47,857 | 55,914 | 64,830 |
| Net Income | $149,994 | $171,202 | $225,804 |
| Preferred Stock Dividends | 12,644 | 7,877 | 7,877 |
| Net Income Available to Common Shareholders | $137,350 | $163,325 | $217,927 |
| Basic Earnings Per Common Share | $3.48 | $4.16 | $5.50 |
| Diluted Earnings Per Common Share | $3.46 | $4.14 | $5.48 |
| Dividends Declared Per Common Share | $2.80 | $2.80 | $2.80 |
| Basic Weighted Average Common Shares | 39,450,737 | 39,274,291 | 39,601,089 |
| Diluted Weighted Average Common Shares | 39,700,388 | 39,428,912 | 39,788,002 |
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