Bank of Hawai‘i Corporation (NYSE: BOH) Q2 2025 Financial Results Summary
Release Date: July 28, 2025
Bank of Hawai‘i Corporation has announced its financial results for the second quarter of 2025, reporting significant growth in key metrics compared to both the previous quarter and the same period last year. Below is a summary of the major highlights from the report.
Financial Highlights
- Diluted Earnings Per Share (EPS):
- Q2 2025: $1.06
- Compared to Q1 2025: $0.97 (+9.3%)
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Compared to Q2 2024: $0.81 (+30.9%)
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Net Income:
- Q2 2025: $47.6 million
- Compared to Q1 2025: $43.985 million (+8.3%)
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Compared to Q2 2024: $34.083 million (+39.8%)
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Net Interest Income:
- Q2 2025: $129.7 million
- Compared to Q1 2025: $125.8 million (+3.1%)
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Compared to Q2 2024: $114.846 million (+12.9%)
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Net Interest Margin:
- Q2 2025: 2.39%
- Compared to Q1 2025: 2.32% (+7 basis points)
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Compared to Q2 2024: 2.15% (+24 basis points)
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Return on Average Common Equity (ROE):
- Q2 2025: 12.50%
- Compared to Q1 2025: 11.80% (+70 basis points)
- Compared to Q2 2024: 10.41% (+209 basis points)
Dividend and Share Repurchase
- Dividend Declared:
- The board declared a quarterly cash dividend of $0.70 per common share, which is consistent with the previous quarters.
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The dividend is payable on September 15, 2025, to shareholders of record as of August 29, 2025.
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Share Repurchase:
- No shares of common stock were repurchased during Q2 2025. The remaining authority under the share repurchase program was $126 million.
Income Statement Details
- Noninterest Income:
- Q2 2025: $44.8 million
- Compared to Q1 2025: $44.058 million (+1.7%)
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Compared to Q2 2024: $42.087 million (+6.4%)
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Noninterest Expense:
- Q2 2025: $110.8 million
- Compared to Q1 2025: $110.459 million (+0.3%)
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Compared to Q2 2024: $109.226 million (+1.4%)
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Net Loan and Lease Charge-Offs:
- Q2 2025: $2.6 million (annualized 0.07% of total average loans)
- Compared to Q1 2025: Down $1.8 million (-40.8%)
- Compared to Q2 2024: Down $0.8 million (-23.6%)
Asset Quality and Balance Sheet Metrics
- Provision for Credit Losses:
- Q2 2025: $3.3 million (same as Q1 2025)
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Compared to Q2 2024: Up from $2.4 million (+37.5%)
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Total Non-Performing Assets:
- Q2 2025: $17.9 million (0.13% of total loans)
- Compared to Q1 2025: Up $0.4 million (+2.3%)
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Compared to Q2 2024: Up $2.7 million (+17.7%)
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Total Assets:
- Q2 2025: $23.7 billion
- Compared to Q1 2025: Down 0.7%
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Compared to Q2 2024: Up 1.8%
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Total Deposits:
- Q2 2025: $20.8 billion
- Compared to Q1 2025: Down 1.0%
- Compared to Q2 2024: Up 1.9%
Capital Ratios
- Tier 1 Capital Ratio:
- Q2 2025: 14.17%
- Compared to Q1 2025: 13.93% (+24 basis points)
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Compared to Q2 2024: 13.96% (+21 basis points)
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Tier 1 Leverage Ratio:
- Q2 2025: 8.46%
- Compared to Q1 2025: 8.36% (+10 basis points)
- Compared to Q2 2024: 8.37% (+9 basis points)
Summary
Bank of Hawai‘i Corporation has demonstrated strong financial performance in Q2 2025, marked by significant increases in net income, EPS, and net interest income compared to previous quarters. Furthermore, the company continues to support its shareholders with consistent dividend payments while maintaining solid capital ratios and asset quality.
Here are the extracted tables in Markdown format:
Table 1: Condensed Consolidated Statements of Income (dollars in thousands)
| For the Period: | Three Months Ended | Six Months Ended | |||
|---|---|---|---|---|---|
| June 30, 2025 | March 31, 2025 | June 30, 2024 | June 30, 2025 | June 30, 2024 | |
| Net Interest Income | $129,683 | $125,807 | $114,846 | $255,490 | $228,784 |
| Provision for Credit Losses | $3,250 | $3,250 | $2,400 | $6,500 | $4,400 |
| Total Noninterest Income | $44,795 | $44,058 | $42,087 | $88,853 | $84,372 |
| Total Noninterest Expense | $110,783 | $110,459 | $109,226 | $221,242 | $215,085 |
| Pre-Provision Net Revenue | $63,695 | $59,406 | $47,707 | $123,101 | $98,071 |
| Net Income | $47,637 | $43,985 | $34,083 | $91,622 | $70,474 |
| Income Available to Common Shareholders | $42,368 | $38,716 | $32,114 | $81,084 | $66,536 |
| Basic Earnings Per Common Share | $1.07 | $0.98 | $0.81 | $2.05 | $1.69 |
| Diluted Earnings Per Common Share | $1.06 | $0.97 | $0.81 | $2.03 | $1.68 |
| Dividends Declared Per Common Share | $0.70 | $0.70 | $0.70 | $1.40 | $1.40 |
| Return on Average Assets | 0.81% | 0.75% | 0.59% | 0.78% | 0.61% |
| Return on Average Equity | 11.21 | 10.65 | 9.53 | 10.93 | 9.93 |
| Return on Average Common Equity | 12.50 | 11.80 | 10.41 | 12.16 | 10.81 |
| Efficiency Ratio | 63.49 | 65.03 | 69.60 | 64.25 | 68.68 |
| Net Interest Margin | 2.39 | 2.32 | 2.15 | 2.36 | 2.13 |
| Dividend Payout Ratio | 65.42 | 71.43 | 86.42 | 68.29 | 82.84 |
| Average Shareholders’ Equity to Average Assets | 7.22 | 7.09 | 6.22 | 7.16 | 6.15 |
| Average Loans and Leases | $14,049,025 | $14,062,173 | $13,831,797 | $14,055,563 | $13,850,299 |
| Average Assets | $23,596,955 | $23,638,068 | $23,145,107 | $23,617,398 | $23,213,336 |
| Average Deposits | $20,699,694 | $20,669,539 | $20,358,393 | $20,684,700 | $20,451,017 |
| Average Shareholders’ Equity | $1,704,415 | $1,675,571 | $1,438,476 | $1,690,073 | $1,427,289 |
| Book Value of Common Stock | $35.16 | $34.23 | $31.91 | $35.16 | $31.91 |
| Tangible Book Value | $34.37 | $33.43 | $31.12 | $34.37 | $31.12 |
| Market Value | $67.53 | $68.97 | $57.21 | $67.53 | $57.21 |
Table 2: Condensed Consolidated Balance Sheets (dollars in thousands)
| June 30, 2025 | March 31, 2025 | December 31, 2024 | June 30, 2024 | |
|---|---|---|---|---|
| As of Period End: Balance Sheet Totals | ||||
| Loans and Leases | $14,002,178 | $14,115,323 | $14,075,980 | $13,831,266 |
| Total Assets | $23,709,752 | $23,885,056 | $23,601,114 | $23,300,768 |
| Total Deposits | $20,798,914 | $21,008,217 | $20,633,037 | $20,408,502 |
| Other Debt | $558,226 | $558,250 | $558,274 | $560,136 |
| Total Shareholders’ Equity | $1,743,107 | $1,704,935 | $1,667,774 | $1,612,849 |
| Asset Quality Non-Performing Assets | $17,881 | $17,451 | $19,300 | $15,179 |
| Allowance for Credit Losses – Loans and Leases | $148,543 | $147,707 | $148,528 | $147,477 |
| Allowance to Loans and Leases Outstanding | 1.06% | 1.05% | 1.06% | 1.07% |
| Capital Ratios | ||||
| Common Equity Tier 1 Capital Ratio | 11.81% | 11.58% | 11.59% | 11.56% |
| Tier 1 Capital Ratio | 14.17% | 13.93% | 13.95% | 13.96% |
| Total Capital Ratio | 15.23% | 14.97% | 15.00% | 15.02% |
| Tier 1 Leverage Ratio | 8.46% | 8.36% | 8.31% | 8.37% |
| Total Shareholders’ Equity to Total Assets | 7.35% | 7.14% | 7.07% | 6.92% |
| Tangible Common Equity to Tangible Assets | 5.77% | 5.57% | 5.48% | 5.31% |
| Tangible Common Equity to Risk-Weighted Assets | 9.62% | 9.28% | 9.08% | 8.80% |
