Welcome to our dedicated page for Bank of Hawaii news (Ticker: BOH), a resource for investors and traders seeking the latest updates and insights on Bank of Hawaii stock.
Bank of Hawaii Corp. (BOH) is the largest independent financial institution in Hawaii, established in 1897. As the primary subsidiary of Bank of Hawaii Corporation, it serves a diverse range of clients including businesses, consumers, and governments across Hawaii, American Samoa, and the West Pacific.
Bank of Hawaii provides a comprehensive range of financial products and services predominantly to customers in Hawaii, Guam, and other Pacific Islands. The company is structured into three main business segments:
- Consumer Banking: This segment generates the majority of the revenue and offers an array of financial products and services such as loans, deposit products, insurance, private banking, trust services, and investment management.
- Commercial Banking: Offering tailored financial solutions to businesses and institutions, it includes commercial loans, real estate finance, and treasury management services.
- Treasury and Other: This segment focuses on asset and liability management, investment securities portfolio, and other financial operations.
Additionally, Bank of Hawaii subsidiaries engage in equipment leasing, securities brokerage, investment advisory services, and providing credit insurance.
Recent Achievements and Current Projects: Bank of Hawaii has recently made strides in digital transformation to enhance customer experience. The institution launched multiple online and mobile banking features to provide more convenient and secure access to its services. Furthermore, the company continues to expand its financial education initiatives and community outreach programs, reinforcing its commitment to supporting the local communities.
The company remains financially strong, backed by a sound capital position and a diversified revenue stream. Partnerships with local businesses and international financial entities continue to bolster its market presence, ensuring robust service delivery and innovative product offerings.
Bank of Hawai‘i Corporation (NYSE: BOH) reported diluted earnings per share of $1.28 for Q3 2022, down from $1.38 in Q2 2022 and $1.52 in Q3 2021. Net income was $52.8 million, a decrease of 7.1% from Q2 and 14.9% from the previous year. The decline was attributed to a $6.9 million pre-tax charge related to asset sales and lower PPP income. Net interest income increased 6.6% from Q2 to $141.7 million, with a net interest margin of 2.60%. The board declared a dividend of $0.70 per share, payable December 14, 2022.
Bank of Hawaii Corporation (NYSE: BOH) will publish its third quarter 2022 financial results on October 24, 2022, before the market opens. A conference call is scheduled for 2:00 p.m. Eastern Time on the same day. The call will be available live on the company’s investor relations page. Additionally, the Board of Directors announced a quarterly dividend of $10.94 per share for its Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A, payable on November 1, 2022, to shareholders of record as of October 17, 2022.
Bank of Hawaii Corporation (NYSE: BOH) announced diluted earnings per common share of $1.38 for Q2 2022, a slight increase from $1.32 in Q1 2022 but down from $1.68 in Q2 2021. Net income was $56.9 million, up 3.7% sequentially but down 15.8% year-over-year. The company declared a $0.70 dividend per share. Key metrics showed an increase in net interest income to $132.9 million, driven by strong loan growth despite a decrease in noninterest income. Asset quality remained solid, with non-performing assets at 0.12% of total loans.
Bank of Hawaii Corporation (NYSE: BOH) will announce its Q2 2022 financial results on July 25, 2022, before market opening. A conference call will be held at 2:00 p.m. Eastern Time on the same day, with a live presentation available on the company's investor relations website. Additionally, the Board has declared a quarterly dividend of
Bank of Hawaii Corporation (NYSE: BOH) reported diluted earnings per common share of $1.32 for Q1 2022, down from $1.55 in Q4 2021 and $1.50 a year ago. Net income decreased 14.1% quarter-over-quarter to $54.8 million, and 8.5% year-over-year. Key metrics include a return on average assets of 0.97% and net interest income of $125.3 million. Total assets grew 0.9% to $23.0 billion, while total deposits reached a record $20.7 billion. The Board declared a cash dividend of $0.70 per share, payable June 14, 2022.
Bank of Hawaii Corporation (NYSE: BOH) will announce its first quarter 2022 financial results on April 25, 2022, before the market opens. A quarterly conference call will follow at 2:00 p.m. Eastern Time (8:00 a.m. Hawaii Time). Investors can access the live call via the company's website. The quarterly dividend of
Bank of Hawaii Corporation (NYSE: BOH) reported record diluted earnings of $6.25 per common share for 2021, a 64.7% increase from 2020. Net income reached $253.4 million, while diluted earnings per share for Q4 2021 were $1.55, up 50.9% year-over-year. Core loans rose 6.2% and deposits exceeded $20 billion, marking an 11.8% growth. Return on average assets was 1.14%, with strong asset quality as non-performing assets decreased. The company declared a quarterly dividend of $0.70 per share, payable on March 14, 2022.
Bank of Hawaii Corporation (NYSE: BOH) will announce its fourth quarter 2021 financial results on
Bank of Hawaii Corp. (NYSE: BOH) has announced the election of Elliot K. Mills to its board of directors, effective October 22, 2021. This appointment increases the board size from 13 to 14 members. Mills, with over 25 years of experience in the travel industry, is currently vice president of hotel operations for Disneyland Resort and Aulani, a Disney Resort & Spa. He is recognized for his leadership in promoting Hawaiian culture and service excellence, contributing to awards such as the 2020 'Best Family Hotel in the USA' by U.S. News & World Report.
Bank of Hawaii Corporation (NYSE: BOH) reported diluted earnings per common share of $1.52 for Q3 2021, down from $1.68 in Q2 and up from $0.95 a year ago. Net income reached $62.1 million, an 8.1% decline from the previous quarter but a 64.0% increase year-over-year. Total assets hit a record $23.0 billion, with total deposits growing 15.5% from last year. The board declared a quarterly dividend of $0.70 per share payable on December 14, 2021. Credit quality remained stable, though net interest margin decreased by 35 basis points year-over-year.
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