Business Wire·Oct 26, 2026, 6:45 AM ET

Bank of Hawai‘i Corporation Third Quarter 2026 Financial Results

BOH

Bank of Hawai'i reported diluted earnings per share of $1.49 for the third quarter of 2026, up from $1.47 in the prior quarter.
Net income for the quarter totaled $64.3 million, representing a 0.7% increase from the linked quarter.
The return on average common equity was 15.38%, compared to 15.47% in the previous quarter.
Net interest margin increased to 2.82%, marking the tenth consecutive quarter of expansion.
Net interest income rose 1.6% to $156.1 million, driven by a 5-basis point increase in earning asset yield.
Noninterest income decreased 1.4% to $42.7 million, impacted by charges related to Visa Class B share conversion.
Noninterest expense increased 1.0% to $112.3 million, primarily due to higher equipment and occupancy costs.
Provision for credit losses was $2.8 million, down $0.9 million from the linked quarter.
Total non-performing assets increased to $43.4 million at September 30, 2026, driven by a single commercial mortgage placement on non-accrual status.
Total loans and leases grew 2.1% to $14.4 billion from December 31, 2025, with commercial loans up 3.8% and consumer loans up 0.7%.
Total deposits decreased 3.3% to $20.5 billion from December 31, 2025, primarily due to strategic runoff of public funds.
The company repurchased 256,000 shares of common stock for $20.2 million during the quarter.
The Board of Directors increased the share repurchase program authorization by $200 million, raising total remaining authority to $268.7 million.
Tier 1 Capital Ratio stood at 14.41% at September 30, 2026, while the Tier 1 Leverage Ratio was 8.79%.
The Board declared a quarterly cash dividend of $0.70 per common share, payable on December 14, 2026.
Quarterly dividends of $10.94 per share for Series A Preferred Stock and $20.00 per share for Series B Preferred Stock were declared.