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 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.
Bank of Hawaii Corporation (NYSE: BOH) will announce its third quarter 2021 financial results on October 25, 2021, before market opening, followed by a conference call at 2:00 p.m. Eastern Time. Investors can access the call through the company's website. Additionally, the Board of Directors declared a quarterly dividend of $10.94 per share on its Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A, payable on November 1, 2021, to shareholders of record as of October 18, 2021.
Bank of Hawaii Corporation (NYSE: BOH) reported second quarter 2021 diluted earnings per share of $1.68, up from $1.50 in Q1 2021 and $0.98 in Q2 2020. Net income reached $67.5 million, increasing from $59.9 million sequentially and rising from $38.9 million year-over-year. Core loans and deposits continued to grow, with total assets hitting $22.7 billion. The company successfully issued $180 million in preferred stock, enhancing its balance sheet strength.
Bank of Hawaii Corporation (NYSE: BOH) will announce its second quarter 2021 financial results on July 26, 2021, before market opening. The company will hold a quarterly conference call at 2:00 p.m. ET, accessible via its investor relations website. Additionally, the Board of Directors declared a quarterly dividend of $5.59 per share for its Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A, payable on August 2, 2021, with a record date of July 16, 2021, for shareholders.
Bank of Hawaii Corporation (NYSE: BOH) priced a public offering of 7,200,000 depositary shares, each representing a 1/40th ownership interest in its 4.375% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A, generating gross proceeds of $180 million. The offering is set to close on June 15, 2021. Net proceeds, estimated at $176 million, will support asset growth and stock repurchases. The depositary shares will be listed on the NYSE under the symbol “BOHPrA”.
Bank of Hawaii Corporation (NYSE: BOH) reported strong financial results for Q1 2021. Diluted earnings per share increased to $1.50, up from $1.06 in Q4 2020 and $0.87 YoY. Net income rose to $59.9 million, compared to $42.3 million last quarter and $34.7 million last year. Total assets reached a record $21.9 billion, driven by a 7.4% increase in deposits. Return on average assets was 1.15%, and return on average equity was 17.65%. However, the net interest margin declined to 2.43% from 2.48% last quarter, reflecting lower interest rates and increased liquidity.
Bank of Hawaii Corporation (NYSE: BOH) will announce its first quarter 2021 financial results on April 26, 2021, prior to market opening. A conference call to discuss these results will take place at 2:00 p.m. Eastern Time, featuring a slide presentation accessible via the company's investor relations website. A replay of the call will be available for one week post-event. The Bank of Hawaii, established in 1897, provides financial services to businesses and consumers in Hawaii and the West Pacific, asserting its significance in regional finance.
Bank of Hawaii Corporation (NYSE: BOH) reported a diluted EPS of $3.86 for 2020, down from $5.56 in 2019. Net income declined to $153.8 million from $225.9 million. Return on average assets was 0.79%, down from 1.29%. Loan balances grew 8.6% and deposits soared 15.4%, reaching a record $20.6 billion in total assets. Despite challenges from the COVID-19 pandemic, the efficiency ratio improved to 54.91%. The fourth quarter saw an EPS of $1.06, net income of $42.3 million, and an increase in noninterest income due to mortgage banking activities.
Bank of Hawaii Corporation (NYSE: BOH) is set to release its fourth quarter 2020 financial results on January 25, 2021, before market opening. A conference call will follow at 1:00 p.m. ET, accessible via the company's investor relations website. The call will include a slide presentation. Interested parties can join the live call by using the provided toll-free numbers. A replay will be available for a week post-call. Bank of Hawaii has a long-standing service history in providing financial solutions in Hawaii and the West Pacific since 1897.
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