---
title: "Bank of Hawai‘i Corporation Second Quarter 2026 Financial Results | BOH Stock News"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293919558.md"
description: "Bank of Hawai‘i reported Q2 2026 net income of $63.8 million, an 11.1% increase from the prior quarter, with diluted EPS of $1.47. Net interest margin expanded to 2.78%, marking the ninth consecutive quarterly increase driven by asset repricing. Total loans grew while deposits remained stable. Noninterest income rose 4.8%, and noninterest expense decreased 4.2%. Asset quality remained strong, though credit loss provisions increased slightly due to higher charge-offs."
datetime: "2026-07-27T02:45:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293919558.md)
  - [en](https://longbridge.com/en/news/293919558.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293919558.md)
---

# Bank of Hawai‘i Corporation Second Quarter 2026 Financial Results | BOH Stock News

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-   **Diluted Earnings Per Common Share of $1.47**
-   **Net Income of $63.8 Million**
-   **Net Interest Margin Increased to 2.78%**
-   **Share Repurchases of $17.0 Million**

HONOLULU\--(BUSINESS WIRE)--Bank of Hawai‘i Corporation (NYSE: BOH) (the “Company”) today reported diluted earnings per common share of $1.47 for the second quarter of 2026, compared with $1.30 during the linked quarter. Net income for the quarter was $63.8 million, up 11.1% from the linked quarter. The return on average common equity for the second quarter of 2026 was 15.47% compared with 13.90% during the linked quarter.

“Bank of Hawai‘i delivered solid second quarter results reflecting steady execution and disciplined balance sheet management,” said Jim Polk, President and CEO. “Net interest margin expanded for the ninth consecutive quarter, supported by the ongoing repricing of cash flows. Total loans and leases increased from the prior quarter, while average total deposits were modestly lower during a seasonally lower period. Credit quality remained strong, and we continued to maintain a disciplined approach to expenses.”

**Financial Highlights**

Net interest income for the second quarter of 2026 was $153.6 million, an increase of 1.7% from the linked quarter. The increase was primarily driven by a 5 basis point increase in earning asset yield as fixed-rate assets rolled off and were reinvested at higher rates (fixed asset repricing), partially offset by a shift from noninterest-bearing deposits and interest-bearing deposits yielding less than 10 basis points to higher yielding interest-bearing deposits accounts (deposit mix shift) and higher deposit costs.

Net interest margin was 2.78% in the second quarter of 2026, an increase of 4 basis points from the linked quarter, reflecting the same asset yield and deposit cost dynamics as previously mentioned.

The average yield on total earning assets was 4.08% and the average yield on loans and leases was 4.79% in the second quarter of 2026, up 5 basis points and 4 basis points, respectively, from the linked quarter. The increase in loan yield from the linked quarter was primarily driven by fixed asset repricing and additional loan production at higher current rates. Loan originations of all loans, including floating rate loans, during the quarter were originated at an average rate of 5.90%.

The average rate of interest-bearing deposits was 1.73% and the average quarterly rate of total deposits, including noninterest-bearing deposits, was 1.27%, both up 1 basis point from the linked quarter. The increase in the rate on total deposits was primarily driven by deposit mix shift and higher rates on interest-bearing demand and savings deposits, partially offset by maturing time deposits renewing at lower rates. The deposit beta for the downward rate cycle was 35.5% as of the second quarter of 2026.

Noninterest income was $43.3 million in the second quarter of 2026, an increase of 4.8% from the linked quarter. Noninterest income included a $0.4 million and a $0.2 million charge related to a Visa Class B share conversion ratio change in the second quarter of 2026 and linked quarter, respectively. Adjusted for these items, noninterest income for the second quarter of 2026 was up 5.3% from the linked quarter. The increase was primarily due to increases in trust and asset management fees and commissions earned on our annuity and insurance business.

Noninterest expense was $111.2 million in the second quarter of 2026, a decrease of 4.2% from the linked quarter. Noninterest expense in the second quarter included a $0.5 million net benefit related to the forfeiture of restricted stock awards. Noninterest expense in the linked quarter included $3.5 million in expenses related to the accelerated vesting of restricted stock awards pursuant to the retirement provision of performance-based restricted stock granted in 2024 and 2025 and $0.7 million in separation expenses. Adjusted for these items, noninterest expense for the second quarter of 2026 decreased by 0.2% from the linked quarter.

The effective tax rate for the second quarter of 2026 was 22.31% compared to 22.91% during the linked quarter. The lower effective tax rate in the current quarter as compared to the linked quarter was primarily due to higher benefits from certain tax advantaged investments and an increase in tax benefits from discrete items.

**Asset Quality**

The Company’s overall asset quality remained strong during the second quarter of 2026. Provision for credit losses for the second quarter of 2026 was $3.6 million, up $1.9 million from the linked quarter. This increase was primarily driven by higher net loan and lease charge-offs during the second quarter of 2026 as compared to the linked quarter, which included a $1.6 million recovery on a single commercial mortgage loan.

Total non-performing assets were $11.5 million at June 30, 2026, down $0.6 million from March 31, 2026. Non-performing assets as a percentage of total loans and leases and foreclosed real estate were 0.08% at the end of the quarter, a decrease of 1 basis point from the linked quarter.

Net loan and lease charge-offs during the second quarter of 2026 were $3.4 million or 10 basis points annualized of total average loans and leases outstanding. Gross charge-offs of $4.7 million were partially offset by gross recoveries of $1.3 million. Compared to the linked quarter, net loan and lease charge-offs increased by $2.3 million or 7 basis points annualized on total average loans and leases outstanding.

The allowance for credit losses on loans and leases was $147.0 million at June 30, 2026, unchanged from March 31, 2026. The ratio of the allowance for credit losses to total loans and leases outstanding was 1.03% at the end of the quarter, a decrease of 1 basis point from March 31, 2026.

**Balance Sheet**

Total assets were $23.8 billion at June 30, 2026, a decrease of 1.4% from December 31, 2025. The decrease from December 31, 2025 was primarily due to decreases in cash and cash equivalents and held-to-maturity securities, partially offset by increases in loans and leases and available-for-sale securities.

The investment securities portfolio was $7.7 billion at June 30, 2026, a decrease of 0.9% from December 31, 2025. The decrease was primarily due to portfolio runoff, including maturities and paydowns, partially offset by purchases in available-for-sale securities. The investment securities portfolio remains largely comprised of securities issued by U.S. government agencies and U.S. government-sponsored enterprises.

Total loans and leases were $14.3 billion at June 30, 2026, an increase of 1.5% from December 31, 2025. Total commercial loans were $6.2 billion at June 30, 2026, an increase of 2.6% from December 31, 2025. The increase was primarily due to commercial mortgage and commercial and industrial production. Total consumer loans were $8.0 billion at June 30, 2026, an increase of 0.6% from December 31, 2025. The increase was primarily due to increased production in the residential mortgage portfolio, partially offset by amortization and paydowns.

Total deposits were $20.9 billion at June 30, 2026, a decrease of 1.4% from December 31, 2025. Noninterest-bearing deposits made up 26.7% of total deposit balances at June 30, 2026, down from 27.2% at December 31, 2025. Average total deposits were $20.8 billion for the second quarter of 2026, down 0.7% from December 31, 2025.

**Capital and Dividends**

The Company’s capital levels remain well above regulatory well-capitalized minimums.

The Tier 1 Capital Ratio was 14.45% at June 30, 2026 compared with 14.49% at December 31, 2025. The decrease from December 31, 2025 was due to an increase in risk-weighted assets and share repurchases, as discussed below, partially offset by an increase in retained earnings. The Tier 1 Leverage Ratio was 8.70% at June 30, 2026, compared with 8.57% at December 31, 2025. The increase from December 31, 2025 was due to a decline in average assets and an increase in retained earnings.

The Company repurchased 216 thousand shares of common stock at a total cost of $17.0 million under the share repurchase program in the second quarter of 2026. Total remaining buyback authority under the share repurchase program was $88.9 million at June 30, 2026.

The Company’s Board of Directors declared a quarterly cash dividend of $0.70 per share on the Company’s outstanding common shares. The dividend will be payable on September 15, 2026 to shareholders of record at the close of business on August 31, 2026.

On July 6, 2026, the Company announced that the Board of Directors declared a quarterly dividend payment of $10.94 per share, equivalent to $0.2735 per depositary share, of Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A, and a quarterly dividend payment of $20.00 per share, equivalent to $0.5000 per depositary share, of Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B. The depositary shares representing the Series A Preferred Stock and Series B Preferred Stock are traded on the NYSE under the symbol “BOH.PRA” and “BOH.PRB”, respectively. The dividends on the Series A Preferred Stock and Series B Preferred Stock will be payable on August 3, 2026 to shareholders of record of the preferred stock as of the close of business on July 17, 2026.

**Conference Call Information**

The Company will review its second quarter financial results today at 8:00 a.m. Hawai‘i Time (2:00 p.m. Eastern Time). The live call, including a slide presentation, will be accessible on the investor relations link of Bank of Hawai‘i Corporation's website, www.boh.com. The webcast can be accessed via the link: https://register-conf.media-server.com/register/BIbf819fb4b2824119b0496adf4c769c13. A replay of the conference call will be available for one year beginning at approximately 11:00 a.m. Hawai‘i Time on Monday, July 27, 2026. The replay will be available on the Company's website, www.boh.com.

**Investor Announcements**

Investors and others should note that the Company intends to announce financial and other information to the Company’s investors using the Company’s investor relations website at https://ir.boh.com, social media channels, press releases, SEC filings and public conference calls and webcasts, all for purposes of complying with the Company’s disclosure obligations under Regulation FD. Accordingly, investors should monitor these channels, as information is updated, and new information is posted.

**Forward-Looking Statements**

This news release, and other statements made by the Company in connection with it may contain "forward-looking statements" (as defined in the Private Securities Litigation Reform Act of 1995) that involve risks and uncertainties that could cause results to be materially different from expectations. Forecasts of our financial results and condition, expectations for our operations and business prospects, and our assumptions used in those forecasts and expectations are examples of certain of these forward-looking statements. Do not unduly rely on forward-looking statements. Actual results might differ significantly from our forecasts and expectations because of a variety of factors. More information about these factors is contained in Bank of Hawai‘i Corporation's Annual Report on Form 10-K for the year ended December 31, 2025, which was filed with the U.S. Securities and Exchange Commission. These forward-looking statements are not guarantees of future performance and speak only as of the date made, and, except as required by law, the Company undertakes no obligation to update or revise any forward-looking statements to reflect subsequent events, new information or future circumstances.

_Bank of Hawai‘i Corporation is an independent regional financial services company serving businesses, consumers, and governments in Hawai‘i and the West Pacific. The Company's principal subsidiary, Bank of Hawai‘i, was founded in 1897. For more information about Bank of Hawai‘i Corporation, see the Company’s website,_ _www.boh.com__. Bank of Hawai‘i Corporation is a trade name of Bank of Hawaii Corporation._

**Bank of Hawai‘i Corporation and Subsidiaries**

**Financial Highlights**

**Table 1**

**Three Months Ended**

**Six Months Ended**

(dollars in thousands, except per share amounts)

**June 30,  
2026**

**March 31,  
2026**

**June 30,  
2025**

**June 30,  
2026**

**June 30,  
2025**

**For the Period:**

**Operating Results**

Net Interest Income

$

153,604

$

150,990

$

129,683

$

304,594

$

255,490

Provision for Credit Losses

3,600

1,750

3,250

5,350

6,500

Total Noninterest Income

43,299

41,332

44,795

84,631

88,853

Total Noninterest Expense

111,186

116,071

110,783

227,257

221,242

Pre-Provision Net Revenue

85,717

76,251

63,695

161,968

123,101

Net Income

63,799

57,432

47,637

121,231

91,622

Net Income Available to Common Shareholders

58,530

52,163

42,368

110,693

81,084

Basic Earnings Per Common Share

1.48

1.32

1.07

2.80

2.05

Diluted Earnings Per Common Share

1.47

1.30

1.06

2.78

2.03

Dividends Declared Per Common Share

0.70

0.70

0.70

1.40

1.40

**Performance Ratios**

Return on Average Assets

1.07

%

0.97

%

0.81

%

1.02

%

0.78

%

Return on Average Shareholders' Equity

13.74

12.47

11.21

13.11

10.93

Return on Average Common Equity

15.47

13.90

12.50

14.69

12.16

Efficiency Ratio 1

56.47

60.35

63.49

58.39

64.25

Net Interest Margin 2

2.78

2.74

2.39

2.76

2.36

Dividend Payout Ratio 3

47.30

53.03

65.42

50.00

68.29

Average Shareholders' Equity to Average Assets

7.81

7.81

7.22

7.81

7.16

**Average Balances**

Average Loans and Leases

$

14,218,951

$

14,083,875

$

14,049,025

$

14,151,786

$

14,055,563

Average Assets

23,861,848

23,915,334

23,596,955

23,888,444

23,617,398

Average Deposits

20,826,923

20,915,443

20,699,694

20,870,939

20,684,700

Average Shareholders' Equity

1,862,499

1,867,165

1,704,415

1,864,819

1,690,073

**Per Share of Common Stock**

**Book Value**

$

38.81

$

38.10

$

35.16

$

38.81

$

35.16

**Tangible Book Value**

38.01

37.31

34.37

38.01

34.37

**Market Value**

Closing

81.49

74.25

67.53

81.49

67.53

High

83.18

80.61

71.35

83.18

76.00

Low

70.07

67.04

57.45

67.04

57.45

**June 30,  
2026**

**March 31,  
2026**

**December 31,  
2025**

**June 30,  
2025**

**As of Period End:**

**Balance Sheet Totals**

Loans and Leases

$

14,286,625

$

14,192,811

$

14,082,050

$

14,002,178

Total Assets

23,842,940

23,909,933

24,176,364

23,709,752

Total Deposits

20,892,775

20,957,930

21,188,495

20,798,914

Other Debt

508,124

558,150

558,176

558,226

Total Shareholders' Equity

1,875,467

1,854,563

1,851,212

1,743,107

**Asset Quality**

Non-Performing Assets

$

11,478

$

12,090

$

14,171

$

17,881

Allowance for Credit Losses - Loans and Leases

146,995

146,962

146,766

148,543

Allowance to Loans and Leases Outstanding 4

1.03

%

1.04

%

1.04

%

1.06

%

**Capital Ratios 5**

Common Equity Tier 1 Capital Ratio 6

12.12

%

12.06

%

12.14

%

11.81

%

Tier 1 Capital Ratio

14.45

14.40

14.49

14.17

Total Capital Ratio

15.48

15.44

15.54

15.23

Tier 1 Leverage Ratio

8.70

8.62

8.57

8.46

Total Shareholders' Equity to Total Assets

7.87

7.76

7.66

7.35

Tangible Common Equity to Tangible Assets 7

6.30

6.19

6.11

5.77

Tangible Common Equity to Risk-Weighted Assets 7

10.38

10.28

10.35

9.62

**Non-Financial Data**

Full-Time Equivalent Employees

1,910

1,866

1,877

1,921

Branches

52

52

51

51

ATMs

315

319

320

317

1

Efficiency ratio is defined as noninterest expense divided by total revenue (net interest income and total noninterest income).

2

Net interest margin is defined as net interest income, on a taxable-equivalent basis, as a percentage of average earning assets.

3

Dividend payout ratio is defined as dividends declared per common share divided by basic earnings per common share.

4

The numerator comprises the Allowance for Credit Losses - Loans and Leases.

5

Regulatory capital ratios as of June 30, 2026 are preliminary.

6

Capital Ratio as of December 31, 2025 has been updated to reflect final reported ratio.

7

Tangible common equity to tangible assets and tangible common equity to risk-weighted assets are Non-GAAP financial measures. Tangible common equity is defined by the Company as common shareholders' equity minus goodwill. See Table 8 “Reconciliation of Non-GAAP Financial Measures”.

**Bank of Hawai‘i Corporation and Subsidiaries**

**Consolidated Statements of Income**

**Table 2**

**Three Months Ended**

**Six Months Ended**

(dollars in thousands, except per share amounts)

**June 30,  
2026**

**March 31,  
2026**

**June 30,  
2025**

**June 30,  
2026**

**June 30,  
2025**

Interest Income

Interest and Fees on Loans and Leases

$

168,624

$

164,469

$

166,779

$

333,093

$

329,861

Income on Investment Securities

Available-for-Sale

36,397

34,575

27,007

70,972

51,375

Held-to-Maturity

18,056

18,541

19,835

36,597

40,126

Cash and Cash Equivalents

1,726

3,329

3,817

5,055

9,277

Other

1,313

1,293

1,097

2,606

2,182

Total Interest Income

226,116

222,207

218,535

448,323

432,821

Interest Expense

Deposits

65,804

64,886

82,476

130,690

164,168

Securities Sold Under Agreements to Repurchase

491

486

491

977

1,235

Other Debt

6,217

5,845

5,885

12,062

11,928

Total Interest Expense

72,512

71,217

88,852

143,729

177,331

**Net Interest Income**

153,604

150,990

129,683

304,594

255,490

Provision for Credit Losses

3,600

1,750

3,250

5,350

6,500

Net Interest Income After Provision for Credit Losses

150,004

149,240

126,433

299,244

248,990

Noninterest Income

Trust and Asset Management

13,712

12,445

12,097

26,157

23,838

Fees, Exchange, and Other Service Charges

11,127

10,928

14,383

22,055

28,820

Service Charges on Deposit Accounts

8,353

8,440

8,119

16,793

16,378

Bank-Owned Life Insurance

3,923

4,147

3,714

8,070

7,325

Annuity and Insurance

2,017

1,469

1,437

3,486

2,992

Mortgage Banking

839

876

849

1,715

1,837

Investment Securities Losses, Net

(1,287

)

(1,272

)

(1,126

)

(2,559

)

(2,733

)

Other

4,615

4,299

5,322

8,914

10,396

**Total Noninterest Income**

43,299

41,332

44,795

84,631

88,853

Noninterest Expense

Salaries and Benefits

62,642

68,457

61,308

131,099

124,192

Net Occupancy

10,868

10,782

10,499

21,650

21,058

Net Equipment

10,604

10,611

9,977

21,215

20,169

Data Processing

5,463

5,581

5,456

11,044

10,723

Professional Fees

5,276

4,226

4,263

9,502

8,527

FDIC Insurance

2,978

2,719

3,640

5,697

5,282

Other

13,355

13,695

15,640

27,050

31,291

**Total Noninterest Expense**

111,186

116,071

110,783

227,257

221,242

Income Before Provision for Income Taxes

82,117

74,501

60,445

156,618

116,601

Provision for Income Taxes

18,318

17,069

12,808

35,387

24,979

**Net Income**

$

63,799

$

57,432

$

47,637

$

121,231

$

91,622

Preferred Stock Dividends

5,269

5,269

5,269

10,538

10,538

**Net Income Available to Common Shareholders**

$

58,530

$

52,163

$

42,368

$

110,693

$

81,084

Basic Earnings Per Common Share

$

1.48

$

1.32

$

1.07

$

2.80

$

2.05

Diluted Earnings Per Common Share

$

1.47

$

1.30

$

1.06

$

2.78

$

2.03

Dividends Declared Per Common Share

$

0.70

$

0.70

$

0.70

$

1.40

$

1.40

Basic Weighted Average Common Shares

39,513,447

39,568,000

39,622,998

39,540,239

39,588,916

Diluted Weighted Average Common Shares

39,734,782

39,981,356

39,895,093

39,839,337

39,888,294

**Bank of Hawai‘i Corporation and Subsidiaries**

**Consolidated Statements of Condition**

**Table 3**

(dollars in thousands, except per share amounts)

**June 30,  
2026**

**March 31,  
2026**

**December 31,  
2025**

**June 30,  
2025**

**Assets**

Cash and Cash Equivalents

$

452,814

$

425,080

$

946,520

$

768,683

Investment Securities

Available-for-Sale

3,618,515

3,722,405

3,510,652

3,111,504

Held-to-Maturity (Fair Value of $3,452,980; $3,549,687; $3,651,966; and $3,754,794)

4,070,908

4,163,261

4,245,681

4,441,353

Loans Held for Sale

5,089

3,609

4,369

1,867

Loans and Leases

14,286,625

14,192,811

14,082,050

14,002,178

Allowance for Credit Losses

(146,995

)

(146,962

)

(146,766

)

(148,543

)

Net Loans and Leases

14,139,630

14,045,849

13,935,284

13,853,635

Premises and Equipment, Net

223,463

215,859

199,747

192,221

Operating Lease Right-of-Use Assets

84,519

82,244

83,424

83,594

Accrued Interest Receivable

70,646

70,555

69,899

67,204

Mortgage Servicing Rights

16,626

17,036

17,455

18,362

Goodwill

31,517

31,517

31,517

31,517

Bank-Owned Life Insurance

508,869

499,681

499,795

488,028

Other Assets

620,344

632,837

632,021

651,784

**Total Assets**

$

23,842,940

$

23,909,933

$

24,176,364

$

23,709,752

**Liabilities**

Deposits

Noninterest-Bearing Demand

$

5,575,291

$

5,653,265

$

5,755,371

$

5,424,471

Interest-Bearing Demand

4,075,694

3,884,305

3,910,952

3,855,120

Savings

8,705,102

8,683,875

8,741,090

8,481,328

Time

2,536,688

2,736,485

2,781,082

3,037,995

Total Deposits

20,892,775

20,957,930

21,188,495

20,798,914

Securities Sold Under Agreements to Repurchase

50,000

50,000

50,000

50,000

Other Debt

508,124

558,150

558,176

558,226

Operating Lease Liabilities

93,568

91,213

92,402

92,381

Retirement Benefits Payable

25,496

25,686

20,139

23,528

Accrued Interest Payable

16,390

19,757

22,370

26,732

Other Liabilities

381,120

352,634

393,570

416,864

**Total Liabilities**

21,967,473

22,055,370

22,325,152

21,966,645

**Shareholders’ Equity**

Preferred Stock (Series A, $.01 par value; authorized 180,000 shares issued and outstanding)

180,000

180,000

180,000

180,000

Preferred Stock (Series B, $.01 par value; authorized 165,000 shares issued and outstanding)

165,000

165,000

165,000

165,000

Common Stock ($.01 par value; authorized 500,000,000 shares; issued / outstanding: June 30, 2026 - 59,020,336 / 39,439,677; March 31, 2026 - 59,000,929 / 39,620,563; December 31, 2025 - 58,780,253 / 39,725,698 and June 30, 2025 - 58,775,870 / 39,765,375)

590

590

587

587

Capital Surplus

675,654

672,584

664,781

655,479

Accumulated Other Comprehensive Loss

(243,475

)

(247,217

)

(244,438

)

(299,194

)

Retained Earnings

2,260,152

2,229,539

2,205,707

2,158,450

Treasury Stock, at Cost (Shares: June 30, 2026 - 19,580,659; March 31, 2026 - 19,380,366; December 31, 2025 - 19,054,555; and June 30, 2025 - 19,010,495)

(1,162,454

)

(1,145,933

)

(1,120,425

)

(1,117,215

)

**Total Shareholders’ Equity**

1,875,467

1,854,563

1,851,212

1,743,107

**Total Liabilities and Shareholders’ Equity**

$

23,842,940

$

23,909,933

$

24,176,364

$

23,709,752

**Bank of Hawai‘i Corporation and Subsidiaries**

**Average Balances and Interest Rates - Taxable-Equivalent Basis 1**

**Table 4a**

**Three Months Ended  
June 30, 2026**

**Three Months Ended  
March 31, 2026**

**Three Months Ended  
June 30, 2025**

(dollars in millions)

**Average Balance**

**Income/Expense 2**

**Yield/Rate**

**Average Balance**

**Income/Expense 2**

**Yield/Rate**

**Average Balance**

**Income/Expense 2**

**Yield/Rate**

**Earning Assets**

Cash and Cash Equivalents

$

196.2

$

1.7

3.48

%

$

372.5

$

3.3

3.58

%

$

353.7

$

3.8

4.27

%

Investment Securities

Available-for-Sale

Taxable

3,669.5

36.1

3.93

3,598.1

34.2

3.82

2,987.2

26.7

3.58

Non-Taxable

31.7

0.4

5.08

32.1

0.4

5.07

27.4

0.4

5.85

Held-to-Maturity

Taxable

4,091.6

17.9

1.75

4,175.4

18.4

1.76

4,462.1

19.7

1.77

Non-Taxable

33.4

0.2

2.10

33.5

0.2

2.10

34.0

0.2

2.10

Total Investment Securities

7,826.2

54.6

2.79

7,839.1

53.2

2.72

7,510.7

47.0

2.50

Loans Held for Sale

2.7

0.0

6.20

3.6

0.1

5.22

2.2

0.0

5.66

Loans and Leases 3

Commercial Mortgage

4,314.9

55.7

5.17

4,220.6

54.1

5.19

4,025.2

53.7

5.35

Commercial and Industrial

1,624.6

19.5

4.83

1,583.4

18.7

4.79

1,668.1

21.1

5.07

Construction

209.7

3.3

6.30

215.7

3.4

6.46

366.2

6.7

7.30

Commercial Lease Financing

84.6

0.9

4.26

86.9

0.9

4.29

93.4

1.0

4.07

Residential Mortgage

4,812.6

48.9

4.06

4,781.9

47.8

4.00

4,626.5

45.6

3.95

Home Equity

2,085.3

24.1

4.63

2,103.1

23.6

4.55

2,141.5

23.3

4.37

Automobile

677.4

9.5

5.65

684.6

9.4

5.57

730.1

9.4

5.19

Other

409.9

7.9

7.74

407.7

7.8

7.76

398.0

7.5

7.53

Total Loans and Leases

14,219.0

169.8

4.79

14,083.9

165.7

4.75

14,049.0

168.3

4.80

Other

82.8

1.4

6.34

81.9

1.3

6.31

65.2

1.1

6.72

**Total Earning Assets**

22,326.9

227.5

4.08

22,381.0

223.6

4.03

21,980.8

220.2

4.01

Non-Earning Assets

1,534.9

1,534.3

1,616.2

**Total Assets**

$

23,861.8

$

23,915.3

$

23,597.0

**Interest-Bearing Liabilities**

Interest-Bearing Deposits

Demand

$

3,781.7

$

7.4

0.78

%

$

3,839.0

$

6.6

0.69

%

$

3,705.5

$

7.6

0.82

%

Savings

8,750.0

39.9

1.83

8,668.4

38.7

1.81

8,578.6

48.1

2.25

Time

2,707.6

18.5

2.75

2,753.6

19.6

2.89

3,050.0

26.8

3.52

Total Interest-Bearing Deposits

15,239.3

65.8

1.73

15,261.0

64.9

1.72

15,334.1

82.5

2.16

Securities Sold Under Agreements to Repurchase

50.0

0.5

3.88

50.0

0.5

3.89

50.0

0.5

3.88

Other Debt

593.3

6.2

4.20

560.9

5.8

4.23

558.3

5.9

4.23

**Total Interest-Bearing Liabilities**

15,882.6

72.5

1.83

15,871.9

71.2

1.82

15,942.4

88.9

2.24

**Net Interest Income**

$

155.0

$

152.4

$

131.3

Interest Rate Spread

2.25

%

2.21

%

1.77

%

Net Interest Margin

2.78

%

2.74

%

2.39

%

Noninterest-Bearing Demand Deposits

5,587.6

5,654.4

5,365.6

Other Liabilities

529.1

521.8

584.6

Shareholders' Equity

1,862.5

1,867.2

1,704.4

**Total Liabilities and Shareholders' Equity**

$

23,861.8

$

23,915.3

$

23,597.0

1

Due to rounding, the amounts presented in this table may not tie to other amounts presented elsewhere in this report.

2

Interest income includes taxable-equivalent basis adjustments, based upon a federal statutory tax rate of 21%, of $1.4 million, $1.4 million, and $1.6 million for the three months ended June 30, 2026, March 31, 2026, and June 30, 2025, respectively.

3

Non-performing loans and leases are included in the respective average loan and lease balances.

**Bank of Hawai‘i Corporation and Subsidiaries**

**Average Balances and Interest Rates - Taxable-Equivalent Basis 1**

**Table 4b**

**Six Months Ended  
June 30, 2026**

**Six Months Ended  
June 30, 2025**

(dollars in millions)

**Average Balance**

**Income/Expense 2**

**Yield/Rate**

**Average Balance**

**Income/Expense 2**

**Yield/Rate**

**Earning Assets**

Cash and Cash Equivalents

$

283.8

$

5.1

3.54

%

$

426.4

$

9.3

4.33

%

Investment Securities

Available-for-Sale

Taxable

3,634.0

70.3

3.88

2,889.3

50.8

3.53

Non-Taxable

31.9

0.8

5.08

24.3

0.7

5.77

Held-to-Maturity

Taxable

4,133.2

36.3

1.76

4,505.1

39.8

1.77

Non-Taxable

33.5

0.4

2.10

34.1

0.4

2.10

Total Investment Securities

7,832.6

107.8

2.76

7,452.8

91.7

2.47

Loans Held for Sale

3.1

0.1

5.65

2.2

0.1

5.87

Loans and Leases 3

Commercial Mortgage

4,268.0

109.7

5.18

4,020.3

106.2

5.33

Commercial and Industrial

1,604.1

38.2

4.81

1,685.8

42.3

5.06

Construction

212.7

6.7

6.38

352.4

12.7

7.26

Commercial Lease Financing

85.7

1.8

4.27

92.3

1.8

3.95

Residential Mortgage

4,797.3

96.8

4.03

4,621.6

90.5

3.91

Home Equity

2,094.2

47.7

4.59

2,147.9

45.8

4.30

Automobile

681.0

18.9

5.61

741.3

18.8

5.10

Other

408.8

15.7

7.75

394.0

14.6

7.47

Total Loans and Leases

14,151.8

335.5

4.77

14,055.6

332.7

4.76

Other

82.5

2.6

6.33

65.2

2.1

6.70

**Total Earning Assets**

22,353.8

451.1

4.05

22,002.2

435.9

3.98

Non-Earning Assets

1,534.6

1,615.2

**Total Assets**

$

23,888.4

$

23,617.4

**Interest-Bearing Liabilities**

Interest-Bearing Deposits

Demand

$

3,810.2

$

14.0

0.74

%

$

3,739.2

$

14.7

0.79

%

Savings

8,709.4

78.6

1.82

8,561.7

95.2

2.24

Time

2,730.5

38.1

2.82

3,043.7

54.3

3.60

Total Interest-Bearing Deposits

15,250.1

130.7

1.73

15,344.6

164.2

2.16

Securities Sold Under Agreements to Repurchase

50.0

1.0

3.89

63.3

1.2

3.88

Other Debt

577.2

12.0

4.21

568.2

11.9

4.23

**Total Interest-Bearing Liabilities**

15,877.3

143.7

1.83

15,976.1

177.3

2.24

**Net Interest Income**

$

307.4

$

258.6

Interest Rate Spread

2.22

%

1.74

%

Net Interest Margin

2.76

%

2.36

%

Noninterest-Bearing Demand Deposits

5,620.8

5,340.1

Other Liabilities

525.5

611.1

Shareholders’ Equity

1,864.8

1,690.1

**Total Liabilities and Shareholders’ Equity**

$

23,888.4

$

23,617.4

1

Due to rounding, the amounts presented in this table may not tie to other amounts presented elsewhere in this report.

2

Interest income includes taxable-equivalent basis adjustments, based upon a federal statutory tax rate of 21%, of $2.8 million and $3.1 million for the six months ended June 30, 2026 and June 30, 2025, respectively.

3

Non-performing loans and leases are included in the respective average loan and lease balances.

**Bank of Hawai‘i Corporation and Subsidiaries**

**Loan and Lease Portfolio Balances**

**Table 5**

(dollars in thousands)

**June 30,  
2026**

**March 31,  
2026**

**December 31,  
2025**

**September 30,  
2025**

**June 30,  
2025**

Commercial

Commercial Mortgage

$

4,319,221

$

4,341,448

$

4,205,791

$

4,040,711

$

4,038,956

Commercial and Industrial

1,676,535

1,575,207

1,584,245

1,581,232

1,597,560

Construction

164,504

204,993

208,584

380,944

374,768

Lease Financing

85,338

84,651

88,303

92,213

92,842

Total Commercial

6,245,598

6,206,299

6,086,923

6,095,100

6,104,126

Consumer

Residential Mortgage

4,864,875

4,800,256

4,775,502

4,685,214

4,637,014

Home Equity

2,079,127

2,095,521

2,114,809

2,129,599

2,139,025

Automobile

674,899

680,570

690,376

699,244

715,688

Other

422,126

410,165

414,440

412,422

406,325

Total Consumer

8,041,027

7,986,512

7,995,127

7,926,479

7,898,052

**Total Loans and Leases**

$

14,286,625

$

14,192,811

$

14,082,050

$

14,021,579

$

14,002,178

**Deposits**

(dollars in thousands)

**June 30,  
2026**

**March 31,  
2026**

**December 31,  
2025**

**September 30,  
2025**

**June 30,  
2025**

Consumer

$

10,454,082

$

10,530,223

$

10,466,617

$

10,393,932

$

10,429,271

Commercial

8,167,262

8,340,279

8,597,265

8,348,396

8,243,898

Public and Other

2,271,431

2,087,428

2,124,613

2,338,341

2,125,745

**Total Deposits**

$

20,892,775

$

20,957,930

$

21,188,495

$

21,080,669

$

20,798,914

**Average Deposits**

**Three Months Ended**

(dollars in thousands)

**June 30,  
2026**

**March 31,  
2026**

**December 31,  
2025**

**September 30,**  
**2025**

**June 30,**  
**2025**

Consumer

$

10,474,385

$

10,461,004

$

10,373,200

$

10,387,715

$

10,435,867

Commercial

8,436,028

8,431,519

8,478,592

8,504,078

8,316,893

Public and Other

1,916,510

2,022,920

2,128,407

2,176,493

1,946,933

**Total Deposits**

$

20,826,923

$

20,915,443

$

20,980,199

$

21,068,286

$

20,699,693

**Bank of Hawai‘i Corporation and Subsidiaries**

**Non-Performing Assets and Accruing Loans and Leases Past Due 90 Days or More**

**Table 6**

(dollars in thousands)

**June 30,  
2026**

**March 31,  
2026**

**December 31,  
2025**

**September 30,  
2025**

**June 30,  
2025**

**Non-Performing Assets**

Non-Accrual Loans and Leases

Commercial

Commercial Mortgage

$

\-

$

\-

$

2,085

$

2,498

$

2,566

Commercial and Industrial

1,734

1,860

1,940

3,506

3,744

Total Commercial

1,734

1,860

4,025

6,004

6,310

Consumer

Residential Mortgage

5,348

5,410

5,382

5,628

5,842

Home Equity

4,225

4,525

4,469

5,107

5,387

Total Consumer

9,573

9,935

9,851

10,735

11,229

Total Non-Accrual Loans and Leases

11,307

11,795

13,876

16,739

17,539

Foreclosed Real Estate

171

295

295

125

342

**Total Non-Performing Assets**

$

11,478

$

12,090

$

14,171

$

16,864

$

17,881

**Accruing Loans and Leases Past Due 90 Days or More**

Consumer

Residential Mortgage

$

8,887

$

10,733

$

8,834

$

7,456

$

9,070

Home Equity

3,503

1,556

2,152

2,765

1,867

Automobile

763

672

520

525

680

Other

965

764

753

578

630

Total Consumer

14,118

13,725

12,259

11,324

12,247

**Total Accruing Loans and Leases Past Due 90 Days or More**

$

14,118

$

13,725

$

12,259

$

11,324

$

12,247

**Total Loans and Leases**

$

14,286,625

$

14,192,811

$

14,082,050

$

14,021,579

$

14,002,178

Ratio of Non-Accrual Loans and Leases to Total Loans and Leases

0.08

%

0.08

%

0.10

%

0.12

%

0.13

%

Ratio of Non-Performing Assets to Total Loans and Leases and Foreclosed Real Estate

0.08

%

0.09

%

0.10

%

0.12

%

0.13

%

Ratio of Non-Performing Assets to Total Assets

0.05

%

0.05

%

0.06

%

0.07

%

0.08

%

Ratio of Commercial Non-Performing Assets to Total Commercial Loans and Leases and Commercial Foreclosed Real Estate

0.03

%

0.03

%

0.07

%

0.10

%

0.10

%

Ratio of Consumer Non-Performing Assets to Total Consumer Loans and Leases and Consumer Foreclosed Real Estate

0.12

%

0.13

%

0.13

%

0.14

%

0.15

%

Ratio of Non-Performing Assets and Accruing Loans and Leases Past Due 90 Days or More to Total Loans and Leases and Foreclosed Real Estate

0.18

%

0.18

%

0.19

%

0.20

%

0.22

%

**Bank of Hawai‘i Corporation and Subsidiaries**

**Reserve for Credit Losses**

**Table 7**

**Three Months Ended**

**Six Months Ended**

(dollars in thousands)

**June 30,  
2026**

**March 31,  
2026**

**June 30,  
2025**

**June 30,  
2026**

**June 30,  
2025**

**Balance at Beginning of Period**

$

149,078

$

148,403

$

149,496

$

148,403

$

150,649

Loans and Leases Charged-Off

Commercial

Commercial and Industrial

(385

)

(230

)

(206

)

(615

)

(1,605

)

Consumer

Residential Mortgage

—

(15

)

—

(15

)

—

Home Equity

(219

)

(6

)

(155

)

(225

)

(230

)

Automobile

(1,735

)

(1,417

)

(1,253

)

(3,152

)

(3,004

)

Other

(2,400

)

(2,394

)

(2,397

)

(4,794

)

(4,881

)

**Total Loans and Leases Charged-Off**

(4,739

)

(4,062

)

(4,011

)

(8,801

)

(9,720

)

Recoveries on Loans and Leases Previously Charged-Off

Commercial

Commercial Mortgage

—

1,617

—

1,617

—

Commercial and Industrial

72

53

78

125

155

Consumer

Residential Mortgage

22

11

11

33

22

Home Equity

77

137

180

214

308

Automobile

626

579

557

1,205

1,190

Other

540

590

567

1,130

1,024

**Total Recoveries on Loans and Leases**

1,337

2,987

1,393

4,324

2,699

Net Charged-Off - Loans and Leases

(3,402

)

(1,075

)

(2,618

)

(4,477

)

(7,021

)

Provision for Credit Losses:

Loans and Leases

3,435

1,271

3,454

4,706

7,036

Unfunded Commitments

165

479

(204

)

644

(536

)

Total Provision for Credit Losses

3,600

1,750

3,250

5,350

6,500

**Balance at End of Period**

$

149,276

$

149,078

$

150,128

$

149,276

$

150,128

**Components**

Allowance for Credit Losses - Loans and Leases

$

146,995

$

146,962

$

148,543

$

146,995

$

148,543

Reserve for Unfunded Commitments

2,281

2,116

1,585

2,281

1,585

**Total Reserve for Credit Losses**

$

149,276

$

149,078

$

150,128

$

149,276

$

150,128

**Average Loans and Leases Outstanding**

$

14,218,951

$

14,083,875

$

14,049,025

$

14,151,786

$

14,055,563

Ratio of Net Loans and Leases Charged-Off to Average Loans and Leases Outstanding (annualized)

0.10

%

0.03

%

0.07

%

0.06

%

0.10

%

Ratio of Allowance for Credit Losses to Loans and Leases Outstanding 1

1.03

%

1.04

%

1.06

%

1.03

%

1.06

%

1

The numerator comprises the Allowance for Credit Losses - Loans and Leases.

**Bank of Hawai‘i Corporation and Subsidiaries**

**Reconciliation of Non-GAAP Financial Measures**

**Table 8**

(dollars in thousands)

**June 30,  
2026**

**March 31,  
2026**

**December 31,  
2025**

**June 30,  
2025**

Total Shareholders' Equity

$

1,875,467

$

1,854,563

$

1,851,212

$

1,743,107

Less: Preferred Stock

345,000

345,000

345,000

345,000

Goodwill

31,517

31,517

31,517

31,517

Tangible Common Equity

$

1,498,950

$

1,478,046

$

1,474,695

$

1,366,590

Total Assets

$

23,842,940

$

23,909,933

$

24,176,364

$

23,709,752

Less: Goodwill

31,517

31,517

31,517

31,517

Tangible Assets

$

23,811,423

$

23,878,416

$

24,144,847

$

23,678,235

Risk-Weighted Assets, determined in accordance with prescribed regulatory requirements 1, 2

$

14,442,396

$

14,382,622

$

14,246,238

$

14,208,032

Total Shareholders' Equity to Total Assets

7.87

%

7.76

%

7.66

%

7.35

%

Tangible Common Equity to Tangible Assets (Non-GAAP)

6.30

%

6.19

%

6.11

%

5.77

%

Tier 1 Capital Ratio 1

14.45

%

14.40

%

14.49

%

14.17

%

Tangible Common Equity to Risk-Weighted Assets (Non-GAAP) 1

10.38

%

10.28

%

10.35

%

9.62

%

1

Regulatory capital ratios as of June 30, 2026 are preliminary.

2

Risk-Weighted Assets as of December 31, 2025 has been updated to reflect final reported amount.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260727404067/en/

**Media Inquiries**  
Melissa Torres-Laing  
Email: Melissa.Torres-Laing@boh.com  
Phone: 808-694-8384  
Mobile: 808-859-1703

**Investor/Analyst Inquiries**  
Chang Park  
Email: Chang.Park@boh.com  
Phone: 808-694-8238

Patricia Lam  
Email: Patricia.Lam@boh.com  
Phone: 808-694-8575

Source: Bank of Hawai‘i Corporation

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