Logo

BOH

Bank of Hawaii Corporation

BOH

Bank of Hawaii Corporation • NYSE
$65.54 ▼ -0.24% (-0.16)
Market Cap $2.61 B
52w High $79.42
52w Low $57.45
Dividend Yield 2.80%
P/E 16.02
Volume 205.86K
Outstanding Shares 39.79M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $295.128M ▲ $112.387M ▲ $53.345M ▲ 18.075% ▼ $1.21 ▲ $103.349M ▲
Q2-2025 $260.245M ▲ $107.698M ▼ $47.637M ▲ 18.305% ▲ $1.07 ▲ $68.034M ▲
Q1-2025 $256.603M ▼ $108.718M ▲ $43.985M ▲ 17.141% ▲ $0.98 ▲ $63.723M ▲
Q4-2024 $260.504M ▼ $106.171M ▲ $39.162M ▼ 15.033% ▼ $0.86 ▼ $58.926M ▼
Q3-2024 $264.056M $105.39M $40.358M 15.284% $0.94 $60.52M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $4.266B ▲ $24.015B ▲ $22.223B ▲ $1.791B ▲
Q2-2025 $3.083B ▲ $23.71B ▼ $21.967B ▼ $1.743B ▲
Q1-2025 $3.001B ▲ $23.885B ▲ $22.18B ▲ $1.705B ▲
Q4-2024 $2.616B ▲ $23.601B ▼ $21.933B ▼ $1.668B ▲
Q3-2024 $1.965B $23.799B $22.134B $1.665B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $53.345M ▲ $38.49M ▼ $-71.305M ▼ $249.355M ▲ $216.54M ▲ $55.652M ▼
Q2-2025 $47.637M ▲ $81.656M ▲ $-6.341M ▲ $-241.832M ▼ $-166.517M ▼ $72.611M ▲
Q1-2025 $43.985M ▲ $18.344M ▼ $-136.375M ▲ $289.66M ▲ $171.629M ▲ $10.227M ▼
Q4-2024 $39.162M ▼ $93.512M ▲ $-224.691M ▼ $-378.013M ▼ $-509.192M ▼ $96.319M ▲
Q3-2024 $40.358M $-19.226M $-172.788M $539.439M $347.425M $-23.86M

Five-Year Company Overview

Income Statement

Income Statement Over the past few years, Bank of Hawaii has grown its revenue, but its profits have moved in the opposite direction. The bank is earning more in total, yet keeping less of each dollar as profit. Margins have tightened and net income has drifted down from earlier highs, landing closer to where it was during the pandemic period. This pattern suggests pressure from higher funding costs, competition for deposits, and possibly higher credit or operating costs. The key takeaway: the franchise is still clearly profitable, but earnings quality and efficiency have weakened compared with its best recent years.

Balance Sheet

Balance Sheet The balance sheet looks generally conservative and stable. Total assets have been relatively steady, indicating measured growth rather than aggressive expansion. Cash and liquid assets were built up notably in recent years, which points to a deliberate strengthening of liquidity after industry-wide stress in regional banking. Debt levels rose for a time but have since been pulled back, while shareholder equity has been rebuilt to its highest point in the period shown. Overall, the bank appears to be prioritizing resilience and capital strength, though its concentration in Hawaii means its fortunes remain tied to the health of the local economy.

Cash Flow

Cash Flow Cash generation from the core banking business has remained positive throughout the period, even as profits softened. Operating and free cash flow were particularly strong in the middle years and then settled back to more modest, but still positive, levels. Investment spending has been relatively light and steady, implying that the bank does not require heavy capital outlays to maintain or upgrade its operations. This pattern supports the view of a cash-generative, mature franchise, with the main question being how much of that cash can be sustainably maintained if earnings pressure persists.

Competitive Edge

Competitive Edge Bank of Hawaii holds a leading position in a tightly concentrated Hawaiian banking market, where only a handful of players control most deposits. Its long history, deep community roots, and strong local brand translate into unusually loyal customers and stable, low-cost funding. The bank also offers a full suite of retail, commercial, and wealth services, including a dedicated private bank, which helps deepen relationships with higher-value clients. On the flip side, its heavy focus on Hawaii means it has less geographic diversification than many peers, leaving it more exposed to local economic swings, tourism trends, and natural-disaster risk. Scale versus national banks is also a structural challenge, making continuous efficiency and technology improvements important to maintain its edge.

Innovation and R&D

Innovation and R&D While it does not run “R&D” in the way a tech company would, Bank of Hawaii has been actively investing in digital capabilities and partnerships. It has upgraded its mobile and online banking platforms, modernized ATMs, and is leaning on cloud and data analytics to personalize services and manage risk more intelligently. Partnerships with fintechs, including tools aimed at financial education for families, show a willingness to innovate through collaboration rather than building everything in-house. The “Branch of Tomorrow” concept reflects a strategy to blend digital convenience with high-touch, culturally attuned in-person service. The opportunity is to enhance customer experience and efficiency; the execution risks lie in keeping up with rapid tech change and managing cybersecurity and integration challenges.

Summary

Bank of Hawaii today looks like a solid, locally dominant bank facing a tougher earnings environment. Revenue has been growing, but profitability has been squeezed, pointing to margin pressure and rising costs. Its balance sheet and liquidity, however, appear cautious and well-managed, with capital rebuilt and leverage moderated. The bank’s competitive strength rests on its entrenched position in Hawaii, strong brand, and long-term customer relationships, supported by a broad offering that includes wealth management. A clear strategic theme is pairing those traditional strengths with modern digital tools and selective fintech partnerships. Key watchpoints going forward are whether the bank can restore stronger profit margins, maintain asset quality, and continue executing on digital and branch transformation, all while managing the inherent concentration risk of being so closely tied to the Hawaiian economy.

NEWS

October 27, 2025 · 6:45 AM UTC

Bank of Hawai‘i Corporation Third Quarter 2025 Financial Results

Read more

October 3, 2025 · 6:02 PM UTC

Bank of Hawai‘i Corporation Conference Call to Discuss Third Quarter 2025 Financial Results and Board Declares Quarterly Preferred Stock Dividends

Read more