Bank of Hawai‘i Corporation Conference Call to Discuss Fourth Quarter 2024 Financial Results and Board Declares Quarterly Preferred Stock Dividends

Rhea-AI Summary

Bank of Hawai'i (NYSE: BOH) has announced it will release its fourth quarter 2024 financial results on Monday, January 27, 2025, before market opens. The company will hold its quarterly conference call at 1:00 p.m. Eastern Time on the same day, featuring a slide presentation accessible through their website.

Additionally, the Board of Directors has declared quarterly dividend payments for its preferred stock series: $10.94 per share ($0.2735 per depositary share) for Series A (BOH.PRA) and $20.00 per share ($0.5000 per depositary share) for Series B (BOH.PRB). Both dividends will be payable on February 3, 2025, to shareholders of record as of January 17, 2025.

Positive

• Declaration of quarterly preferred stock dividends for both Series A and Series B

Negative

• None.

Insights

Financial Analyst

The announcement of Bank of Hawaii's preferred stock dividend payments represents a continuation of their stable dividend policy. The $10.94 per share for Series A and $20.00 per share for Series B preferred stock dividends maintain the company's commitment to returning capital to preferred shareholders. While routine, these dividend declarations are particularly noteworthy in the current banking environment, where regional banks face pressure from interest rate dynamics and deposit competition.

The upcoming Q4 2024 earnings release will be important for assessing BOH's performance amidst challenging market conditions. Regional banks have been navigating a complex landscape with inverted yield curves and deposit cost pressures. With a market cap of $2.86 billion, BOH's stability in maintaining preferred dividends suggests confidence in their capital position, though investors should closely monitor the upcoming earnings call for insights into net interest margin trends, deposit flows and credit quality metrics.

The bank's unique geographical focus in Hawaii and the West Pacific provides some insulation from mainland banking pressures, but also exposes it to regional economic dynamics. The earnings call will be particularly important for understanding how BOH is managing its loan portfolio and deposit base in these specific markets.

HONOLULU--(BUSINESS WIRE)-- Bank of Hawai‘i Corporation (NYSE: BOH) (the “Company”) will release fourth quarter 2024 financial results on Monday, January 27, 2025 before the market opens and hold its quarterly conference call at 1:00 p.m. Eastern Time (8:00 a.m. Hawai‘i Time) on the same day.

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 link is https://register-conf.media-server.com/register/BI24eacfe4bc38408fa2cf3382f4c7a832.

A replay of the webcast will be available for one year beginning at approximately 11:00 a.m. Hawai‘i Time on Monday, January 27, 2025. The replay will be available on the Company's website, www.boh.com.

Additionally, 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 February 3, 2025 to shareholders of record of the preferred stock as of the close of business on January 17, 2025.

Bank of Hawai‘i Corporation is a 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250106436705/en/

Investor/Analyst Inquiries

Chang Park

Email: Chang.Park@boh.com

Phone: 808-694-8238

Media Inquiries

Melissa Torres-Laing

Email: Melissa.Torres-Laing@boh.com

Phone: 808-694-8384

Mobile: 808-859-1703

Source: Bank of Hawai‘i Corporation

FAQ

When will Bank of Hawaii (BOH) release Q4 2024 earnings?

Bank of Hawaii will release its fourth quarter 2024 financial results on Monday, January 27, 2025, before the market opens.

What is the dividend amount for BOH Series A preferred stock?

The quarterly dividend for BOH Series A preferred stock is $10.94 per share, equivalent to $0.2735 per depositary share.

What is the dividend amount for BOH Series B preferred stock?

The quarterly dividend for BOH Series B preferred stock is $20.00 per share, equivalent to $0.5000 per depositary share.

When is the payment date for BOH's preferred stock dividends?

The preferred stock dividends will be payable on February 3, 2025, to shareholders of record as of January 17, 2025.

What time is BOH's Q4 2024 earnings conference call?

The quarterly conference call will be held at 1:00 p.m. Eastern Time (8:00 a.m. Hawaii Time) on January 27, 2025.