Bank of Hawaii Q4 Earnings Drop: Net Income Falls 12.4% Despite Margin Growth

Diluted Earnings Per Common Share of $3.46 and $0.85 for the Year and Quarter Ended December 31, 2024, Respectively
Net Income of $150.0 Million and $39.2 Million for the Year and Quarter Ended December 31, 2024, Respectively
Total Assets $23.6 Billion and Total Deposits $20.6 Billion at Year End
Net Interest Margin 2.19% for the Fourth Quarter of 2024
Board of Directors Declares Dividend of $0.70 Per Common Share

HONOLULU--(BUSINESS WIRE)-- Bank of Hawai鈥榠 Corporation (NYSE: BOH) (the 鈥淐ompany鈥�) today reported diluted earnings per common share of $3.46 for the full year of 2024, compared with $4.14 for the full year of 2023. Net income for the year was $150.0 million, down 12.4% from the previous year. The return on average common equity for the full year of 2024 was 10.85% compared with 13.89% in 2023.

鈥淏ank of Hawai鈥榠 finished 2024 with strong financial performance,鈥� said Peter Ho, Chairman and CEO. 鈥淚n the fourth quarter, our net interest income and net interest margin continued their upward trajectories and average loan balances and average deposit balances grew. During 2024, we strengthened capital levels, controlled core expenses and maintained excellent credit quality.鈥�

Diluted earnings per common share was $0.85 for the fourth quarter of 2024, compared with $0.93 during the linked quarter and $0.72 during the same period last year. Net income for the fourth quarter of 2024 was $39.2 million, down 3.0% from the linked quarter and up 28.8% from the same period last year. The return on average common equity for the fourth quarter of 2024 was 10.30% compared with 11.50% during the linked quarter and 9.55% during the same period last year.

Financial Highlights

Net interest income for the fourth quarter of 2024 was $120.2 million, an increase of 2.2% from the linked quarter and an increase of 3.8% as compared to the same period last year. The increase from the previous quarter was primarily due to higher average balance of our earning assets, slowing of deposit mix shift and repricing and lower funding costs, partially offset by lower earning asset yields. The increase from the same period last year was primarily due to higher earning asset yields and higher average balance of our earning assets, partially offset by higher average balance of interest-bearing deposits.

Net interest margin was 2.19% in the fourth quarter of 2024, an increase of 1 basis point from the linked quarter and an increase of 6 basis points from the same period last year. The increase from the linked quarter was primarily due to lower interest-bearing deposits rates, partially offset by lower earning asset yields. The increase from the same period last year was primarily due to higher earning asset yields, partially offset by higher interest-bearing deposit rates.

The average yield on loans and leases was 4.73% in the fourth quarter of 2024, down 9 basis points from the linked quarter and up 19 basis points from the same period last year. The average yield on total earning assets was 3.97% in the fourth quarter of 2024, down 9 basis points from the linked quarter and up 12 basis points from the same period last year. The average cost of interest-bearing deposits was 2.37% in the fourth quarter of 2024, down 15 basis points from the linked quarter and up 7 basis points from the same period last year. The average quarterly cost of total deposits, including noninterest-bearing deposits, was 1.77%, down 10 basis points from the linked quarter and up 10 basis points from the same period last year. The changes in yields and rates over the linked quarter reflected the lower rate environment, including lower benchmark interest rates. The changes in yields and rates year over year period reflected repricing of our loans and an elevated deposit mix shift during the period.

Noninterest income was $43.0 million in the fourth quarter of 2024, a decrease of 4.6% from the linked quarter and an increase of 1.8% from the same period in 2023. Noninterest income in the fourth quarter of 2024 included a $2.4 million charge incurred in connection with a change in our Visa Class B conversion ratio. Adjusted for this item, noninterest income would have been $45.4 million, an increase of 0.7% from the linked quarter and an increase of 7.5% from the same period in 2023. The increase from the same period last year was primarily due to increases in trust and asset management income, service charges on deposits accounts, and fees, exchange, and other service charges.

Noninterest expense was $107.9 million in the fourth quarter of 2024, an increase of 0.8% from the linked quarter and a decrease of 6.9% from the same period last year. Noninterest expense in the fourth quarter of 2023 included an industry-wide FDIC Special Assessment of $14.7 million and $1.7 million of expense savings that were not expected to recur in 2024. Adjusted for these items, noninterest expense in the fourth quarter of 2024 increased by 4.9% from adjusted noninterest expense in the same period last year. The increase was primarily due to higher medical cost in the fourth quarter of 2024 that are not expected to repeat.

The effective tax rate for the fourth quarter of 2024 was 24.02% compared with 23.33% during the linked quarter and 23.25% during the same period last year.

Asset Quality

The Company鈥檚 overall asset quality remained strong during the fourth quarter of 2024. Provision for credit losses for the fourth quarter of 2024 was $3.8 million compared with $3.0 million in the linked quarter and $2.5 million in the same period last year.

Total non-performing assets were $19.3 million at December 31, 2024, down $0.5 million from September 30, 2024 and up $7.6 million from December 31, 2023. Non-performing assets as a percentage of total loans and leases and foreclosed real estate were 0.14% at the end of the quarter, flat from the linked quarter and an increase of 5 basis points from the same period last year.

Net loan and lease charge-offs during the fourth quarter of 2024 were $3.4 million or 10 basis points annualized of total average loans and leases outstanding and comprised of gross charge-offs of $5.2 million partially offset by gross recoveries of $1.8 million. Compared to the linked quarter, net loan and lease charge-offs decreased by $0.4 million or 1 basis point annualized on total average loans and leases outstanding. Compared to the same period last year, net loan and lease charge-offs increased by $1.7 million or 5 basis points annualized on total average loans and leases outstanding.

The allowance for credit losses on loans and leases was $148.5 million at December 31, 2024, an increase of $1.2 million from September 30, 2024 and an increase of $2.1 million from December 31, 2023. The ratio of the allowance for credit losses to total loans and leases outstanding was 1.06% at the end of the quarter, flat from the linked quarter and up 1 basis point from the same period last year.

Balance Sheet

Total assets were $23.6 billion at December 31, 2024, a decrease of 0.8% from September 30, 2024 and a decrease of 0.6% from December 31, 2023. The decrease from the prior periods was primarily due to a decrease in cash and cash equivalents.

The investment securities portfolio was $7.3 billion at December 31, 2024, an increase of 0.7% from September 30, 2024 and a decrease of 1.3% from December 31, 2023. This linked quarter increase was primarily due to the purchases of investment securities in the fourth quarter partially offset by cashflows from the portfolio. The decrease from the same period last year was primarily due to cashflows from the portfolio not being reinvested into securities, partially offset by purchases of investment securities in the third and fourth quarters of 2024. The majority of investment purchases during 2024 were in floating rate securities. The investment portfolio remains largely comprised of securities issued by U.S. government agencies and U.S. government-sponsored enterprises.

Total loans and leases were $14.1 billion at December 31, 2024, an increase of 1.1% from September 30, 2024 and an increase of 0.8% from December 31, 2023. Total commercial loans were $6.1 billion at December 31, 2024, an increase of 3.3% from September 30, 2024 and an increase of 6.0% from December 31, 2023. The increase from the previous periods was primarily due to loan production within our commercial mortgage portfolio. Total consumer loans were $8.0 billion at December 31, 2024, a decrease of 0.5% from the linked quarter and a decrease of 2.9% from the same period last year. The decrease from the linked quarter was primarily due to declines in our home equity and automobile portfolios. The decrease from the same period last year was primarily due to declines in our residential mortgage, home equity and automobile portfolios.

Total deposits were $20.6 billion at December 31, 2024, a decrease of 1.6% from September 30, 2024 and a decrease of 2.0% from December 31, 2023. Noninterest-bearing deposits made up 26.3% of total deposit balances at December 31, 2024, up from 25.8% at September 30, 2024 and down from 28.8% at December 31, 2023. Average total deposits were $20.8 billion for the fourth quarter of 2024, up 1.3% from $20.5 billion in the linked quarter and up 0.3% from $20.7 billion in the same period last year.

Capital and Dividends

The Company鈥檚 capital levels remain well above regulatory well-capitalized minimums.

The Tier 1 Capital Ratio was 13.95% at December 31, 2024 compared with 14.05% at September 30, 2024 and 12.56% at December 31, 2023. The Tier 1 Leverage Ratio was 8.31% at December 31, 2024, compared with 8.38% at September 30, 2024 and 7.51% at December 31, 2023. The decreases from the linked quarter were due to increases in risk-weighted assets and average total assets partially offset by retained earnings growth. The increases from the same period last year were primarily due to the issuance of $165.0 million of Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B, at a rate of 8.00% in the second quarter of 2024.

No shares of common stock were repurchased under the share repurchase program in the fourth quarter of 2024. Total remaining buyback authority under the share repurchase program was $126.0 million at December 31, 2024.

The Company鈥檚 Board of Directors declared a quarterly cash dividend of $0.70 per share on the Company鈥檚 outstanding common shares. The dividend will be payable on March 14, 2025 to shareholders of record at the close of business on February 28, 2025.

On January 6, 2025, the Company announced that the Board of Directors declared a quarterly dividend payment of $10.94 per share, equivalent to $0.2735 per depositary share, of Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A, and a quarterly dividend payment of $20.00 per share, equivalent to $0.5000 per depositary share, of Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B. The depositary shares representing the Series A Preferred Stock and Series B Preferred Stock are traded on the NYSE under the symbol 鈥淏OH.PRA鈥� and 鈥淏OH.PRB鈥�, respectively. The dividends on the Series A Preferred Stock and Series B Preferred Stock will be payable on February 3, 2025 to shareholders of record of the preferred stock as of the close of business on January 17, 2025.

Conference Call Information

The Company will review its fourth quarter financial results today at 8:00 a.m. Hawai鈥榠 Time (1:00 p.m. Eastern Time). The live call, including a slide presentation, will be accessible on the investor relations link of Bank of Hawai鈥榠 Corporation's website, . The webcast can be accessed via the link: . A replay of the conference call will be available for one year beginning at approximately 11:00 a.m. Hawai鈥榠 Time on Monday, January 27, 2025. The replay will be available on the Company's website, .

Investor Announcements

Investors and others should note that the Company intends to announce financial and other information to the Company鈥檚 investors using the Company鈥檚 investor relations website at , social media channels, press releases, SEC filings and public conference calls and webcasts, all for purposes of complying with the Company鈥檚 disclosure obligations under Regulation FD. Accordingly, investors should monitor these channels, as information is updated, and new information is posted.

Forward-Looking Statements

This news release, and other statements made by the Company in connection with it may contain "forward-looking statements" (as defined in the Private Securities Litigation Reform Act of 1995) that involve risks and uncertainties that could cause results to be materially different from expectations. Forecasts of our financial results and condition, expectations for our operations and business prospects, and our assumptions used in those forecasts and expectations are examples of certain of these forward-looking statements. Do not unduly rely on forward-looking statements. Actual results might differ significantly from our forecasts and expectations because of a variety of factors. More information about these factors is contained in Bank of Hawai鈥榠 Corporation's Annual Report on Form 10-K for the year ended December 31, 2023 and its Form 10-Q for fiscal quarters ended March 31, 2024, June 30, 2024 and September 30, 2024, which were filed with the U.S. Securities and Exchange Commission. These forward-looking statements are not guarantees of future performance and speak only as of the date made, and, except as required by law, the Company undertakes no obligation to update or revise any forward-looking statements to reflect subsequent events, new information or future circumstances.

Bank of Hawai鈥榠 Corporation is an independent regional financial services company serving businesses, consumers, and governments in Hawai鈥榠 and the West Pacific. The Company's principal subsidiary, Bank of Hawai鈥榠, was founded in 1897. For more information about Bank of Hawai鈥榠 Corporation, see the Company鈥檚 website, . Bank of Hawai鈥榠 Corporation is a trade name of Bank of Hawaii Corporation.

Bank of Hawai鈥榠 Corporation and Subsidiaries
Financial Highlights													Table 1
	Three Months Ended									Year Ended
	December 31,			September 30,			December 31,			December 31,
(dollars in thousands, except per share amounts)	听	2024		听	2024		听	2023		听	2024		听	2023
For the Period:
Operating Results
Net Interest Income	$	120,178		$	117,618		$	115,785		$	466,580		$	497,025
Provision for Credit Losses	听	3,750		听	3,000		听	2,500		听	11,150		听	9,000
Total Noninterest Income	听	43,047		听	45,110		听	42,283		听	172,529		听	176,609
Total Noninterest Expense	听	107,931		听	107,092		听	115,962		听	430,108		听	437,518
Pre-Provision Net Revenue	听	55,294		听	55,636		听	42,106		听	209,001		听	236,116
Net Income	听	39,162		听	40,358		听	30,396		听	149,994		听	171,202
Net Income Available to Common Shareholders	听	33,893		听	36,922		听	28,427		听	137,350		听	163,325
Basic Earnings Per Common Share	听	0.86		听	0.94		听	0.72		听	3.48		听	4.16
Diluted Earnings Per Common Share	听	0.85		听	0.93		听	0.72		听	3.46		听	4.14
Dividends Declared Per Common Share	听	0.70		听	0.70		听	0.70		听	2.80		听	2.80
															听
Performance Ratios
Return on Average Assets	听	0.66	%	听	0.69	%	听	0.51	%	听	0.64	%	听	0.71	%
Return on Average Shareholders' Equity	听	9.42		听	9.90		听	8.86		听	9.78		听	12.63
Return on Average Common Equity	听	10.30		听	11.50		听	9.55		听	10.85		听	13.89
Efficiency Ratio¹	听	66.12		听	65.81		听	73.36		听	67.30		听	64.95
Net Interest Margin²	听	2.19		听	2.18		听	2.13		听	2.16		听	2.24
Dividend Payout Ratio³	听	81.40		听	74.47		听	97.22		听	80.46		听	67.31
Average Shareholders' Equity to Average Assets	听	6.98		听	6.95		听	5.80		听	6.56		听	5.66
															听
Average Balances
Average Loans and Leases	$	13,964,687		$	13,809,977		$	13,906,114		$	13,868,916		$	13,851,551
Average Assets	听	23,682,494		听	23,338,529		听	23,449,215		听	23,362,736		听	23,954,186
Average Deposits	听	20,756,682		听	20,484,391		听	20,704,070		听	20,536,239		听	20,412,378
Average Shareholders' Equity	听	1,654,156		听	1,621,936		听	1,360,641		听	1,533,243		听	1,355,536
															听
Per Share of Common Stock
Book Value	$	33.27		$	33.22		$	31.05		$	33.27		$	31.05
Tangible Book Value	听	32.47		听	32.43		听	30.25		听	32.47		听	30.25
Market Value
Closing	听	71.24		听	62.77		听	72.46		听	71.24		听	72.46
High	听	82.70		听	70.44		听	75.19		听	82.70		听	81.73
Low	听	60.58		听	55.75		听	45.56		听	54.50		听	30.83
															听
	December 31,			September 30,			December 31,
	听	2024		听	2024		听	2023
As of Period End:
Balance Sheet Totals
Loans and Leases	$	14,075,980		$	13,918,583		$	13,965,026
Total Assets	听	23,601,114		听	23,799,174		听	23,733,296
Total Deposits	听	20,633,037		听	20,978,322		听	21,055,045
Other Debt	听	558,274		听	558,297		听	560,190
Total Shareholders' Equity	听	1,667,774		听	1,665,474		听	1,414,242
															听
Asset Quality
Non-Performing Assets	$	19,300		$	19,781		$	11,747
Allowance for Credit Losses - Loans and Leases	听	148,528		听	147,331		听	146,403
Allowance to Loans and Leases Outstanding⁴	听	1.06	%	听	1.06	%	听	1.05	%
															听
Capital Ratios⁵
Common Equity Tier 1 Capital Ratio	听	11.59	%	听	11.66	%	听	11.33	%
Tier 1 Capital Ratio	听	13.95		听	14.05		听	12.56
Total Capital Ratio	听	15.00		听	15.11		听	13.60
Tier 1 Leverage Ratio	听	8.31		听	8.38		听	7.51
Total Shareholders' Equity to Total Assets	听	7.07		听	7.00		听	5.96
Tangible Common Equity to Tangible Assets⁶	听	5.48		听	5.42		听	5.07
Tangible Common Equity to Risk-Weighted Assets⁶	听	9.08		听	9.17		听	8.45
															听
Non-Financial Data
Full-Time Equivalent Employees	听	1,865		听	1,854		听	1,899
Branches	听	50		听	50		听	51
ATMs	听	317		听	317		听	318
听	听		听	听		听	听		听	听		听	听		听
¹Efficiency ratio is defined as noninterest expense divided by total revenue (net interest income and total noninterest income).
²Net interest margin is defined as net interest income, on a taxable-equivalent basis, as a percentage of average earning assets.
³Dividend payout ratio is defined as dividends declared per common share divided by basic earnings per common share.
⁴The numerator comprises the Allowance for Credit Losses - Loans and Leases.
⁵Regulatory capital ratios as of December 31, 2024 are preliminary.
⁶Tangible common equity to tangible assets and tangible common equity to risk-weighted assets are Non-GAAP financial measures. Tangible common equity is defined by the Company as common shareholders' equity minus goodwill. See Table 2 "Reconciliation of Non-GAAP Financial Measures".

							听
Bank of Hawai鈥榠 Corporation and Subsidiaries
Reconciliation of Non-GAAP Financial Measures							Table 2
	December 31,			September 30,			December 31,
(dollars in thousands)	听	2024	听	听	2024	听	听	2023	听
							听
Total Shareholders' Equity	$	1,667,774	听	$	1,665,474	听	$	1,414,242	听
Less: Preferred Stock	听	345,000	听	听	345,000	听	听	180,000	听
Goodwill	听	31,517	听	听	31,517	听	听	31,517	听
Tangible Common Equity	$	1,291,257	听	$	1,288,957	听	$	1,202,725	听
							听
Total Assets	$	23,601,114	听	$	23,799,174	听	$	23,733,296	听
Less: Goodwill	听	31,517	听	听	31,517	听	听	31,517	听
Tangible Assets	$	23,569,597	听	$	23,767,657	听	$	23,701,779	听
							听
Risk-Weighted Assets, determined in accordance
with prescribed regulatory requirements¹	$	14,225,908	听	$	14,054,698	听	$	14,226,780	听
							听
Total Shareholders' Equity to Total Assets	听	7.07	%	听	7.00	%	听	5.96	%
Tangible Common Equity to Tangible Assets (Non-GAAP)	听	5.48	%	听	5.42	%	听	5.07	%
							听
Tier 1 Capital Ratio¹	听	13.95	%	听	14.05	%	听	12.56	%
Tangible Common Equity to Risk-Weighted Assets (Non-GAAP)¹	听	9.08	%	听	9.17	%	听	8.45	%
听	听			听			听
¹Regulatory capital ratios as of December 31, 2024 are preliminary.

Bank of Hawai鈥榠 Corporation and Subsidiaries

Consolidated Statements of Income

Table 3

Three Months Ended

Year Ended

December 31,

September 30,

December 31,

(dollars in thousands, except per share amounts)

听

2024

听

2024

听

2023

听

2024

听

2023

听

Interest Income

Interest and Fees on Loans and Leases

164,785

听

166,286

听

158,324

听

653,615

听

590,611

听

Income on Investment Securities

Available-for-Sale

听

23,223

听

23,257

听

22,782

听

89,705

听

93,528

听

Held-to-Maturity

听

20,677

听

21,107

听

22,589

听

85,515

听

92,750

听

Cash and Cash Equivalents

听

9,425

听

8,980

听

5,728

听

30,701

听

28,380

听

Other

听

1,107

听

1,018

听

924

听

4,215

听

5,106

听

Total Interest Income

听

219,217

听

220,648

听

210,347

听

863,751

听

810,375

听

Interest Expense

Deposits

听

92,099

听

96,067

听

87,121

听

368,764

听

250,847

听

Securities Sold Under Agreements to Repurchase

听

992

听

993

听

1,459

听

4,608

听

16,306

听

Funds Purchased

听

888

听

Short-Term Borrowings

听

5,713

听

Other Debt

听

5,948

听

5,970

听

5,982

听

23,755

听

39,596

听

Total Interest Expense

听

99,039

听

103,030

听

94,562

听

397,171

听

313,350

听

Net Interest Income

听

120,178

听

117,618

听

115,785

听

466,580

听

497,025

听

Provision for Credit Losses

听

3,750

听

3,000

听

2,500

听

11,150

听

9,000

听

Net Interest Income After Provision for Credit Losses

听

116,428

听

114,618

听

113,285

听

455,430

听

488,025

听

Noninterest Income

Fees, Exchange, and Other Service Charges

听

14,399

听

14,945

听

13,774

听

57,236

听

55,556

听

Trust and Asset Management

听

12,157

听

11,916

听

11,144

听

47,485

听

43,597

听

Service Charges on Deposit Accounts

听

8,678

听

8,075

听

7,949

听

32,430

听

31,116

听

Bank-Owned Life Insurance

听

3,283

听

3,533

听

3,176

听

13,568

听

11,643

听

Annuity and Insurance

听

1,347

听

1,460

听

1,271

听

5,436

听

4,736

听

Mortgage Banking

听

942

听

1,188

听

1,016

听

4,109

听

4,255

听

Investment Securities Losses, Net

听

(3,306

)

听

(1,103

)

听

(1,619

)

听

(7,507

)

听

(11,455

)

Other

听

5,547

听

5,096

听

5,572

听

19,772

听

37,161

听

Total Noninterest Income

听

43,047

听

45,110

听

42,283

听

172,529

听

176,609

听

Noninterest Expense

Salaries and Benefits

听

58,690

听

58,626

听

53,991

听

232,564

听

234,079

听

Net Equipment

听

10,308

听

10,120

听

9,826

听

40,886

听

40,251

听

Net Occupancy

听

10,263

听

10,806

听

9,734

听

42,084

听

39,924

听

Data Processing

听

5,313

听

4,712

听

4,948

听

19,540

听

18,836

听

Professional Fees

听

4,988

听

4,725

听

5,079

听

19,319

听

17,459

听

FDIC Insurance

听

3,711

听

3,355

听

18,545

听

17,850

听

28,313

听

Other

听

14,658

听

14,748

听

13,839

听

57,865

听

58,656

听

Total Noninterest Expense

听

107,931

听

107,092

听

115,962

听

430,108

听

437,518

听

Income Before Provision for Income Taxes

听

51,544

听

52,636

听

39,606

听

197,851

听

227,116

听

Provision for Income Taxes

听

12,382

听

12,278

听

9,210

听

47,857

听

55,914

听

Net Income

39,162

听

40,358

听

30,396

听

149,994

听

171,202

听

Preferred Stock Dividends

听

5,269

听

3,436

听

1,969

听

12,644

听

7,877

听

Net Income Available to Common Shareholders

33,893

听

36,922

听

28,427

听

137,350

听

163,325

听

Basic Earnings Per Common Share

0.86

听

0.94

听

0.72

听

3.48

听

4.16

听

Diluted Earnings Per Common Share

0.85

听

0.93

听

0.72

听

3.46

听

4.14

听

Dividends Declared Per Common Share

0.70

听

0.70

听

0.70

听

2.80

听

2.80

听

Basic Weighted Average Common Shares

听

39,513,210

听

39,488,187

听

39,303,525

听

39,450,737

听

39,274,291

听

Diluted Weighted Average Common Shares

听

39,836,758

听

39,736,492

听

39,539,191

听

39,700,388

听

39,428,912

听

											听
Bank of Hawai鈥榠 Corporation and Subsidiaries
Consolidated Statements of Comprehensive Income											Table 4
	Three Months Ended							Year Ended
	December 31,			September 30,		December 31,		December 31,
(dollars in thousands)	听	2024	听	听	2024	听	2023	听	2024	听	听	2023
Net Income	$	39,162	听	$	40,358	$	30,396	$	149,994	听	$	171,202
Other Comprehensive Income (Loss), Net of Tax:
Net Unrealized Gains (Losses) on Investment Securities	听	(7,388	)	听	38,833	听	43,357	听	53,435	听	听	36,152
Defined Benefit Plans	听	(641	)	听	168	听	1,566	听	(136	)	听	1,818
Other Comprehensive Income (Loss)	听	(8,029	)	听	39,001	听	44,923	听	53,299	听	听	37,970
Comprehensive Income	$	31,133	听	$	79,359	$	75,319	$	203,293	听	$	209,172

							听
Bank of Hawai鈥榠 Corporation and Subsidiaries
Consolidated Statements of Condition							Table 5
	December 31,			September 30,			December 31,
(dollars in thousands, except per share amounts)	听	2024	听	听	2024	听	听	2023	听
Assets
Cash and Cash Equivalents	$	763,571	听	$	1,272,763	听	$	1,000,944	听
Investment Securities
Available-for-Sale	听	2,689,528	听	听	2,550,324	听	听	2,408,933	听
Held-to-Maturity (Fair Value of $3,820,882; $4,072,596; and $4,253,637)	听	4,618,543	听	听	4,710,245	听	听	4,997,335	听
Loans Held for Sale	听	2,150	听	听	5,048	听	听	3,124	听
Loans and Leases	听	14,075,980	听	听	13,918,583	听	听	13,965,026	听
Allowance for Credit Losses	听	(148,528	)	听	(147,331	)	听	(146,403	)
Net Loans and Leases	听	13,927,452	听	听	13,771,252	听	听	13,818,623	听
Premises and Equipment, Net	听	184,480	听	听	191,899	听	听	194,855	听
Operating Lease Right-of-Use Assets	听	80,165	听	听	81,736	听	听	86,110	听
Accrued Interest Receivable	听	66,367	听	听	66,534	听	听	66,525	听
Mortgage Servicing Rights	听	19,199	听	听	19,571	听	听	20,880	听
Goodwill	听	31,517	听	听	31,517	听	听	31,517	听
Bank-Owned Life Insurance	听	481,184	听	听	475,263	听	听	462,894	听
Other Assets	听	736,958	听	听	623,022	听	听	641,556	听
Total Assets	$	23,601,114	听	$	23,799,174	听	$	23,733,296	听
							听
Liabilities
Deposits
Noninterest-Bearing Demand	$	5,423,562	听	$	5,412,048	听	$	6,058,554	听
Interest-Bearing Demand	听	3,784,984	听	听	3,734,601	听	听	3,749,717	听
Savings	听	8,364,916	听	听	8,663,147	听	听	8,189,472	听
Time	听	3,059,575	听	听	3,168,526	听	听	3,057,302	听
Total Deposits	听	20,633,037	听	听	20,978,322	听	听	21,055,045	听
Securities Sold Under Agreements to Repurchase	听	100,000	听	听	100,490	听	听	150,490	听
Other Debt	听	558,274	听	听	558,297	听	听	560,190	听
Operating Lease Liabilities	听	88,794	听	听	90,356	听	听	94,693	听
Retirement Benefits Payable	听	23,760	听	听	22,870	听	听	23,673	听
Accrued Interest Payable	听	34,799	听	听	40,434	听	听	41,023	听
Other Liabilities	听	494,676	听	听	342,931	听	听	393,940	听
Total Liabilities	听	21,933,340	听	听	22,133,700	听	听	22,319,054	听
Shareholders' Equity
Preferred Stock (Series A, $.01 par value; authorized 180,000 shares issued and outstanding)	听	180,000	听	听	180,000	听	听	180,000	听
Preferred Stock (Series B, $.01 par value; authorized 165,000 shares issued and outstanding)	听	165,000	听	听	165,000	听	听	-	听
Common Stock ($.01 par value; authorized 500,000,000 shares;
issued / outstanding: December 31, 2024 - 58,765,864 / 39,762,255;
September 30, 2024 - 58,765,907 / 39,748,304; and December 31, 2023 - 58,755,465 / 39,753,138)	听	585	听	听	585	听	听	583	听
Capital Surplus	听	647,403	听	听	643,620	听	听	636,422	听
Accumulated Other Comprehensive Loss	听	(343,389	)	听	(335,360	)	听	(396,688	)
Retained Earnings	听	2,133,838	听	听	2,127,585	听	听	2,107,569	听
Treasury Stock, at Cost (Shares: December 31, 2024 - 19,003,609; September 30, 2024 - 19,017,603;
and December 31, 2023 - 19,002,327)	听	(1,115,663	)	听	(1,115,956	)	听	(1,113,644	)
Total Shareholders' Equity	听	1,667,774	听	听	1,665,474	听	听	1,414,242	听
Total Liabilities and Shareholders' Equity	$	23,601,114	听	$	23,799,174	听	$	23,733,296	听


Bank of Hawai鈥榠 Corporation and Subsidiaries
Consolidated Statements of Shareholders' Equity																							Table 6
														Accumulated
	Preferred			Preferred										Other
	Shares	Preferred		Shares	Preferred		Common							Comprehensive
	Series A	Series A		Series B	Series B		Shares		Common		Capital			Income			Retained			Treasury
(dollars in thousands, except per share amounts)	Outstanding	Stock		Outstanding	Stock		Outstanding		Stock		Surplus			(Loss)			Earnings			Stock			Total
Balance as of December 31, 2022	180,000	$	180,000	-	$	-	39,835,750	听	$	582	$	620,578	听	$	(434,658	)	$	2,055,912	听	$	(1,105,419	)	$	1,316,995	听
Net Income	-	听	-	-	听	-	-	听	听	-	听	-	听	听	-	听	听	171,202	听	听	-	听	听	171,202	听
Other Comprehensive Income	-	听	-	-	听	-	-	听	听	-	听	-	听	听	37,970	听	听	-	听	听	-	听	听	37,970	听
Share-Based Compensation	-	听	-	-	听	-	-	听	听	-	听	15,656	听	听	-	听	听	-	听	听	-	听	听	15,656	听
Common Stock Issued under Purchase
and Equity Compensation Plans	-	听	-	-	听	-	130,286	听	听	1	听	188	听	听	-	听	听	127	听	听	6,065	听	听	6,381	听
Common Stock Repurchased	-	听	-	-	听	-	(212,898	)	听	-	听	-	听	听	-	听	听	-	听	听	(14,290	)	听	(14,290	)
Cash Dividends Declared Common Stock ($2.80 per share)	-	听	-	-	听	-	-	听	听	-	听	-	听	听	-	听	听	(111,795	)	听	-	听	听	(111,795	)
Cash Dividends Declared Preferred Stock	-	听	-	-	听	-	-	听	听	-	听	-	听	听	-	听	听	(7,877	)	听	-	听	听	(7,877	)
Balance as of December 31, 2023	180,000	$	180,000	-	$	-	39,753,138	听	$	583	$	636,422	听	$	(396,688	)	$	2,107,569	听	$	(1,113,644	)	$	1,414,242	听
																							听
Net Income	-	$	-	-	$	-	-	听	$	-	$	-	听	$	-	听	$	149,994	听	$	-	听	$	149,994	听
Other Comprehensive Income	-	听	-	-	听	-	-	听	听	-	听	-	听	听	53,299	听	听	-	听	听	-	听	听	53,299	听
Share-Based Compensation	-	听	-	-	听	-	-	听	听	-	听	14,444	听	听	-	听	听	-	听	听	-	听	听	14,444	听
Preferred Stock Issued, Net	-	听	-	165,000	听	165,000	-	听	听	-	听	(4,386	)	听	-	听	听	-	听	听	-	听	听	160,614	听
Common Stock Issued under Purchase
and Equity Compensation Plans	-	听	-	-	听	-	96,394	听	听	2	听	923	听	听	-	听	听	1,232	听	听	3,283	听	听	5,440	听
Common Stock Repurchased	-	听	-	-	听	-	(87,277	)	听	-	听	-	听	听	-	听	听	-	听	听	(5,302	)	听	(5,302	)
Cash Dividends Declared Common Stock ($2.80 per share)	-	听	-	-	听	-	-	听	听	-	听	-	听	听	-	听	听	(112,313	)	听	-	听	听	(112,313	)
Cash Dividends Declared Preferred Stock	-	听	-	-	听	-	-	听	听	-	听	-	听	听	-	听	听	(12,644	)	听	-	听	听	(12,644	)
Balance as of December 31, 2024	180,000	$	180,000	165,000	$	165,000	39,762,255	听	$	585	$	647,403	听	$	(343,389	)	$	2,133,838	听	$	(1,115,663	)	$	1,667,774	听

																		听
Bank of Hawai鈥榠 Corporation and Subsidiaries
Average Balances and Interest Rates - Taxable-Equivalent Basis¹															Table 7a
	Three Months Ended						Three Months Ended						Three Months Ended
	December 31, 2024						September 30, 2024						December 31, 2023
	Average		Income /		Yield /		Average		Income /		Yield /		Average		Income /		Yield /
(dollars in millions)	Balance		Expense²		Rate		Balance		Expense ²		Rate		Balance		Expense²		Rate
Earning Assets
Cash and Cash Equivalents	$	784.9	$	9.4	4.70	%	$	667.8	$	9.0	5.26	%	$	419.3	$	5.7	5.35	%
Investment Securities
Available-for-Sale
Taxable	听	2,614.5	听	23.0	3.50		听	2,430.0	听	23.0	3.80		听	2,362.4	听	22.8	3.84
Non-Taxable	听	21.5	听	0.3	6.39		听	11.8	听	0.2	6.63		听	1.8	听	0.0	1.90
Held-to-Maturity
Taxable	听	4,636.7	听	20.5	1.77		听	4,735.5	听	21.0	1.77		听	5,013.6	听	22.4	1.79
Non-Taxable	听	34.3	听	0.2	2.10		听	34.4	听	0.2	2.10		听	34.9	听	0.2	2.10
Total Investment Securities	听	7,307.0	听	44.0	2.41		听	7,211.7	听	44.4	2.46		听	7,412.7	听	45.4	2.45
Loans Held for Sale	听	4.0	听	0.1	5.86		听	3.8	听	0.1	6.13		听	3.8	听	0.1	6.89
Loans and Leases³
Commercial Mortgage	听	3,868.7	听	52.0	5.34		听	3,744.6	听	52.0	5.51		听	3,760.1	听	51.5	5.42
Commercial and Industrial	听	1,697.9	听	22.1	5.18		听	1,665.3	听	22.6	5.42		听	1,615.4	听	21.3	5.24
Construction	听	346.6	听	6.6	7.54		听	357.3	听	7.1	7.95		听	279.5	听	4.8	6.84
Commercial Lease Financing	听	82.9	听	0.7	3.62		听	59.6	听	0.4	2.58		听	60.1	听	0.3	1.95
Residential Mortgage	听	4,621.0	听	45.3	3.93		听	4,593.7	听	46.4	4.03		听	4,676.0	听	45.1	3.86
Home Equity	听	2,181.6	听	22.5	4.10		听	2,206.9	听	22.4	4.04		听	2,276.2	听	20.9	3.65
Automobile	听	774.4	听	9.5	4.90		听	795.7	听	9.4	4.72		听	845.7	听	8.6	4.02
Other	听	391.6	听	7.2	7.29		听	386.9	听	6.9	7.13		听	393.1	听	6.3	6.40
Total Loans and Leases	听	13,964.7	听	165.9	4.73		听	13,810.0	听	167.2	4.82		听	13,906.1	听	158.8	4.54
Other	听	65.0	听	1.1	6.82		听	63.2	听	0.9	6.43		听	60.0	听	1.0	6.16
Total Earning Assets	听	22,125.6	听	220.5	3.97		听	21,756.5	听	221.7	4.06		听	21,801.9	听	211.0	3.85
Non-Earning Assets	听	1,556.9					听	1,582.0					听	1,647.3
Total Assets	$	23,682.5					$	23,338.5					$	23,449.2
																		听
Interest-Bearing Liabilities
Interest-Bearing Deposits
Demand	$	3,655.8	听	7.8	0.85		$	3,775.6	听	8.9	0.94		$	3,737.3	听	7.7	0.82
Savings	听	8,652.2	听	52.6	2.42		听	8,402.9	听	55.7	2.63		听	8,441.0	听	51.1	2.40
Time	听	3,142.8	听	31.7	4.02		听	3,008.7	听	31.5	4.17		听	2,830.0	听	28.3	3.97
Total Interest-Bearing Deposits	听	15,450.8	听	92.1	2.37		听	15,187.2	听	96.1	2.52		听	15,008.3	听	87.1	2.30
Securities Sold Under Agreements to Repurchase	听	100.2	听	1.0	3.87		听	100.5	听	1.0	3.87		听	150.5	听	1.5	3.79
Other Debt	听	558.3	听	5.9	4.24		听	560.1	听	5.9	4.24		听	560.2	听	6.0	4.24
Total Interest-Bearing Liabilities	听	16,109.3	听	99.0	2.45		听	15,847.8	听	103.0	2.59		听	15,719.0	听	94.6	2.39
Net Interest Income			$	121.5					$	118.7					$	116.4
Interest Rate Spread					1.52	%					1.47	%					1.46	%
Net Interest Margin					2.19	%					2.18	%					2.13	%
Noninterest-Bearing Demand Deposits	听	5,305.9					听	5,297.2					听	5,695.8
Other Liabilities	听	613.1					听	571.6					听	673.8
Shareholders' Equity	听	1,654.2					听	1,621.9					听	1,360.6
Total Liabilities and Shareholders' Equity	$	23,682.5					$	23,338.5					$	23,449.2
听	听		听		听	听	听		听		听	听	听		听		听	听
¹Due to rounding, the amounts presented in this table may not tie to other amounts presented elsewhere in this report.
²Interest income includes taxable-equivalent basis adjustments, based upon a federal statutory tax rate of 21%, of $1.3 million, $1.0 million, and $605 thousand for the three months ended Dec ember 31, 2024, September 30, 2024, and December 31, 2023, respectively.
³Non-performing loans and leases are included in the respective average loan and lease balances. Income, if any, on such loans and leases is recognized on a cash basis.

												听
Bank of Hawai鈥榠 Corporation and Subsidiaries
Average Balances and Interest Rates - Taxable-Equivalent Basis¹									Table 7b
	Year Ended						Year Ended
	December 31, 2024						December 31, 2023
	Average		Income /		Yield /		Average		Income /		Yield /
(dollars in millions)	Balance		Expense²		Rate		Balance		Expense²		Rate
Earning Assets
Cash and Cash Equivalents	$	594.1	$	30.7	5.17	%	$	543.9	$	28.4	5.22	%
Investment Securities
Available-for-Sale
Taxable	听	2,433.8	听	89.3	3.67		听	2,631.0	听	93.4	3.55
Non-Taxable	听	9.2	听	0.6	6.05		听	6.1	听	0.2	4.06
Held-to-Maturity
Taxable	听	4,783.5	听	84.9	1.78		听	5,173.9	听	92.2	1.78
Non-Taxable	听	34.5	听	0.7	2.10		听	35.1	听	0.7	2.10
Total Investment Securities	听	7,261.0	听	175.5	2.42		听	7,846.1	听	186.5	2.38
Loans Held for Sale	听	2.9	听	0.2	6.05		听	3.0	听	0.2	6.16
Loans and Leases³
Commercial Mortgage	听	3,763.6	听	205.9	5.47		听	3,776.2	听	197.0	5.22
Commercial and Industrial	听	1,679.8	听	89.2	5.31		听	1,511.2	听	74.2	4.91
Construction	听	333.4	听	25.6	7.66		听	262.1	听	16.0	6.09
Commercial Lease Financing	听	65.1	听	1.7	2.68		听	63.7	听	0.8	1.30
Residential Mortgage	听	4,614.8	听	182.4	3.95		听	4,690.5	听	168.9	3.60
Home Equity	听	2,217.5	听	87.8	3.96		听	2,268.0	听	78.2	3.45
Automobile	听	803.6	听	37.0	4.61		听	866.1	听	31.8	3.67
Other	听	391.1	听	27.4	7.01		听	413.8	听	25.3	6.12
Total Loans and Leases	听	13,868.9	听	657.0	4.74		听	13,851.6	听	592.2	4.28
Other	听	63.2	听	4.2	6.66		听	78.3	听	5.1	6.51
Total Earning Assets	听	21,790.1	听	867.6	3.98		听	22,322.9	听	812.4	3.64
Non-Earning Assets	听	1,572.6					听	1,631.3
Total Assets	$	23,362.7					$	23,954.2
												听
Interest-Bearing Liabilities
Interest-Bearing Deposits
Demand	$	3,745.9	听	33.2	0.89		$	3,978.7	听	27.0	0.68
Savings	听	8,362.3	听	209.7	2.51		听	8,018.4	听	137.4	1.71
Time	听	3,042.3	听	125.9	4.14		听	2,424.8	听	86.4	3.56
Total Interest-Bearing Deposits	听	15,150.5	听	368.8	2.43		听	14,421.9	听	250.8	1.74
Funds Purchased	听	0.8	听	0.0	5.46		听	18.5	听	0.9	4.79
Short-Term Borrowings	听	0.0	听	0.0	5.25		听	114.0	听	5.7	5.01
Securities Sold Under Agreements to Repurchase	听	118.2	听	4.6	3.90		听	530.9	听	16.3	3.07
Other Debt	听	559.6	听	23.8	4.24		听	921.8	听	39.7	4.30
Total Interest-Bearing Liabilities	听	15,829.1	听	397.2	2.51		听	16,007.1	听	313.4	1.96
Net Interest Income			$	470.4					$	499.0
Interest Rate Spread					1.47	%					1.68	%
Net Interest Margin					2.16	%					2.24	%
Noninterest-Bearing Demand Deposits	听	5,385.8					听	5,990.5
Other Liabilities	听	614.6					听	601.1
Shareholders' Equity	听	1,533.2					听	1,355.5
Total Liabilities and Shareholders' Equity	$	23,362.7					$	23,954.2
听	听		听		听	听	听		听		听	听
¹Due to rounding, the amounts presented in this table may not tie to other amounts presented elsewhere in this report.
²Interest income includes taxable-equivalent basis adjustments, based upon a federal statutory tax rate of 21%, of $3.8 million and $2.0 million for the year ended December 31, 2024 and December 31, 2023, respectively.
³Non-performing loans and leases are included in the respective average loan and lease balances. Income, if any, on such loans and leases is recognized on a cash basis.

							听
Bank of Hawai鈥榠 Corporation and Subsidiaries
Analysis of Change in Net Interest Income - Taxable-Equivalent Basis							Table 8a
	Three Months Ended December 31, 2024
	Compared to September 30, 2024
(dollars in millions)	Volume¹			Rate¹			Total
Change in Interest Income:
Cash and Cash Equivalents	$	1.5	听	$	(1.0	)	$	0.4	听
Investment Securities
Available-for-Sale
Taxable	听	1.8	听	听	(1.7	)	听	0.0	听
Non-Taxable	听	0.2	听	听	(0.0	)	听	0.1	听
Held-to-Maturity
Taxable	听	(0.5	)	听	0.0	听	听	(0.5	)
Non-Taxable	听	(0.1	)	听	(0.0	)	听	(0.1	)
Total Investment Securities	听	1.3	听	听	(1.7	)	听	(0.4	)
Loans Held for Sale	听	0.0	听	听	(0.0	)	听	(0.0	)
Loans and Leases
Commercial Mortgage	听	1.7	听	听	(1.7	)	听	(0.0	)
Commercial and Industrial	听	0.6	听	听	(1.0	)	听	(0.5	)
Construction	听	(0.2	)	听	(0.3	)	听	(0.5	)
Commercial Lease Financing	听	0.2	听	听	0.1	听	听	0.3	听
Residential Mortgage	听	0.3	听	听	(1.3	)	听	(1.1	)
Home Equity	听	(0.3	)	听	0.4	听	听	0.1	听
Automobile	听	(0.3	)	听	0.4	听	听	0.1	听
Other	听	0.1	听	听	0.2	听	听	0.2	听
Total Loans and Leases	听	2.1	听	听	(3.4	)	听	(1.3	)
Other	听	0.0	听	听	0.1	听	听	0.1	听
Total Change in Interest Income	听	4.9	听	听	(6.1	)	听	(1.2	)
							听
Change in Interest Expense:
Interest-Bearing Deposits
Demand	听	(0.3	)	听	(0.8	)	听	(1.1	)
Savings	听	1.6	听	听	(4.7	)	听	(3.1	)
Time	听	1.4	听	听	(1.2	)	听	0.2	听
Total Interest-Bearing Deposits	听	2.7	听	听	(6.7	)	听	(4.0	)
Securities Sold Under Agreements to Repurchase	听	(0.0	)	听	0.0	听	听	(0.0	)
Other Debt	听	(0.0	)	听	(0.0	)	听	(0.0	)
Total Change in Interest Expense	听	2.7	听	听	(6.7	)	听	(4.0	)
							听
Change in Net Interest Income	$	2.2	听	$	0.6	听	$	2.8	听
听	听			听			听
¹The change in interest income and expense due to both volume and rate has been allocated between the factors in proportion to the relationship of the absolute dollar amounts of the change in each.

							听
Bank of Hawai鈥榠 Corporation and Subsidiaries
Analysis of Change in Net Interest Income - Taxable-Equivalent Basis							Table 8b
	Three Months Ended December 31, 2024
	Compared to December 31, 2023
(dollars in millions)	Volume¹			Rate¹			Total
Change in Interest Income:
Cash and Cash Equivalents	$	4.5	听	$	(0.8	)	$	3.7	听
Investment Securities
Available-for-Sale
Taxable	听	2.3	听	听	(2.1	)	听	0.2	听
Non-Taxable	听	0.3	听	听	-	听	听	0.3	听
Held-to-Maturity
Taxable	听	(1.7	)	听	(0.2	)	听	(1.9	)
Non-Taxable	听	(0.0	)	听	(0.0	)	听	(0.0	)
Total Investment Securities	听	0.9	听	听	(2.3	)	听	(1.4	)
Loans Held for Sale	听	0.0	听	听	(0.0	)	听	(0.0	)
Loans and Leases
Commercial Mortgage	听	1.4	听	听	(0.9	)	听	0.5	听
Commercial and Industrial	听	1.1	听	听	(0.3	)	听	0.8	听
Construction	听	1.2	听	听	0.6	听	听	1.8	听
Commercial Lease Financing	听	0.3	听	听	0.1	听	听	0.4	听
Residential Mortgage	听	(0.6	)	听	0.8	听	听	0.2	听
Home Equity	听	(0.9	)	听	2.5	听	听	1.6	听
Automobile	听	(0.8	)	听	1.7	听	听	0.9	听
Other	听	-	听	听	0.9	听	听	0.9	听
Total Loans and Leases	听	1.7	听	听	5.4	听	听	7.1	听
Other	听	0.1	听	听	0.1	听	听	0.2	听
Total Change in Interest Income	听	7.1	听	听	2.4	听	听	9.5	听
							听
Change in Interest Expense:
Interest-Bearing Deposits
Demand	听	(0.2	)	听	0.3	听	听	0.1	听
Savings	听	1.2	听	听	0.3	听	听	1.5	听
Time	听	3.1	听	听	0.3	听	听	3.4	听
Total Interest-Bearing Deposits	听	4.1	听	听	0.9	听	听	5.0	听
Securities Sold Under Agreements to Repurchase	听	(0.5	)	听	-	听	听	(0.5	)
Other Debt	听	(0.1	)	听	-	听	听	(0.1	)
Total Change in Interest Expense	听	3.5	听	听	0.9	听	听	4.4	听
							听
Change in Net Interest Income	$	3.6	听	$	1.5	听	$	5.1	听
听	听			听			听
¹The change in interest income and expense due to both volume and rate has been allocated between the factors in proportion to the relationship of the absolute dollar amounts of the change in each.

							听
Bank of Hawai鈥榠 Corporation and Subsidiaries
Analysis of Change in Net Interest Income - Taxable-Equivalent Basis							Table 8c
	Year Ended December 31, 2024
	Compared to December 31, 2023
(dollars in millions)	Volume¹			Rate¹			Total
Change in Interest Income:
Cash and Cash Equivalents	$	2.6	听	$	(0.3	)	$	2.3	听
Investment Securities
Available-for-Sale
Taxable	听	(7.2	)	听	3.1	听	听	(4.1	)
Non-Taxable	听	0.2	听	听	0.2	听	听	0.4	听
Held-to-Maturity
Taxable	听	(6.9	)	听	(0.4	)	听	(7.3	)
Non-Taxable	听	(0.0	)	听	-	听	听	(0.0	)
Total Investment Securities	听	(13.9	)	听	2.9	听	听	(11.0	)
Loans Held for Sale	听	(0.0	)	听	(0.0	)	听	(0.0	)
Loans and Leases
Commercial Mortgage	听	(0.6	)	听	9.5	听	听	8.9	听
Commercial and Industrial	听	8.9	听	听	6.1	听	听	15.0	听
Construction	听	4.9	听	听	4.7	听	听	9.6	听
Commercial Lease Financing	听	0.2	听	听	0.7	听	听	0.9	听
Residential Mortgage	听	(2.7	)	听	16.2	听	听	13.5	听
Home Equity	听	(1.8	)	听	11.4	听	听	9.6	听
Automobile	听	(2.5	)	听	7.7	听	听	5.2	听
Other	听	(1.4	)	听	3.5	听	听	2.1	听
Total Loans and Leases	听	5.0	听	听	59.8	听	听	64.8	听
Other	听	(1.0	)	听	0.1	听	听	(0.9	)
Total Change in Interest Income	听	(7.3	)	听	62.5	听	听	55.2	听
							听
Change in Interest Expense:
Interest-Bearing Deposits
Demand	听	(1.7	)	听	7.9	听	听	6.2	听
Savings	听	6.2	听	听	66.1	听	听	72.3	听
Time	听	24.2	听	听	15.3	听	听	39.5	听
Total Interest-Bearing Deposits	听	28.7	听	听	89.3	听	听	118.0	听
Funds Purchased	听	(1.0	)	听	0.1	听	听	(0.9	)
Short-Term Borrowings	听	(6.0	)	听	0.3	听	听	(5.7	)
Securities Sold Under Agreements to Repurchase	听	(15.2	)	听	3.5	听	听	(11.7	)
Other Debt	听	(15.4	)	听	(0.5	)	听	(15.9	)
Total Change in Interest Expense	听	(8.9	)	听	92.7	听	听	83.8	听
							听
Change in Net Interest Income	$	1.6	听	$	(30.2	)	$	(28.6	)
听
¹The change in interest income and expense due to both volume and rate has been allocated between the factors in proportion to the relationship of the absolute dollar amounts of the change in each.

									听
Bank of Hawai鈥榠 Corporation and Subsidiaries
Salaries and Benefits									Table 9
	Three Months Ended						Year Ended
	December 31,		September 30,		December 31,		December 31,
(dollars in thousands)	听	2024	听	2024	听	2023	听	2024	听	2023
Salaries	$	38,852	$	38,993	$	38,492	$	154,538	$	154,497
Medical, Dental, and Life Insurance	听	4,965	听	3,512	听	2,500	听	14,900	听	12,767
Incentive Compensation	听	4,423	听	5,086	听	3,402	听	15,708	听	13,339
Retirement and Other Benefits	听	3,456	听	3,692	听	2,521	听	15,408	听	15,707
Share-Based Compensation	听	3,208	听	3,364	听	3,443	听	13,667	听	14,770
Payroll Taxes	听	2,593	听	2,839	听	2,598	听	13,232	听	14,677
Commission Expense	听	1,085	听	979	听	700	听	3,575	听	2,798
Separation Expense	听	108	听	161	听	335	听	1,536	听	5,524
Total Salaries and Benefits	$	58,690	$	58,626	$	53,991	$	232,564	$	234,079

									听
Bank of Hawai鈥榠 Corporation and Subsidiaries
Loan and Lease Portfolio Balances									Table 10
	December 31,		September 30,		June 30,		March 31,		December 31,
(dollars in thousands)	听	2024	听	2024	听	2024	听	2024	听	2023
Commercial
Commercial Mortgage	$	4,020,622	$	3,868,566	$	3,741,140	$	3,715,032	$	3,749,016
Commercial and Industrial	听	1,705,133	听	1,681,693	听	1,699,438	听	1,679,659	听	1,664,068
Construction	听	308,898	听	319,150	听	315,571	听	323,069	听	304,463
Lease Financing	听	90,756	听	60,665	听	59,388	听	57,817	听	59,939
Total Commercial	听	6,125,409	听	5,930,074	听	5,815,537	听	5,775,577	听	5,777,486
Consumer
Residential Mortgage	听	4,628,283	听	4,622,677	听	4,595,586	听	4,616,900	听	4,684,171
Home Equity	听	2,165,514	听	2,195,844	听	2,221,073	听	2,240,946	听	2,264,827
Automobile	听	764,146	听	786,910	听	806,240	听	825,854	听	837,830
Other	听	392,628	听	383,078	听	392,830	听	394,560	听	400,712
Total Consumer	听	7,950,571	听	7,988,509	听	8,015,729	听	8,078,260	听	8,187,540
Total Loans and Leases	$	14,075,980	$	13,918,583	$	13,831,266	$	13,853,837	$	13,965,026
									听
									听
Deposits
	December 31,		September 30,		June 30,		March 31,		December 31,
(dollars in thousands)	听	2024	听	2024	听	2024	听	2024	听	2023
Consumer	$	10,397,777	$	10,340,466	$	10,382,432	$	10,429,004	$	10,319,809
Commercial	听	8,299,590	听	8,356,239	听	7,995,618	听	8,323,330	听	8,601,224
Public and Other	听	1,935,670	听	2,281,617	听	2,030,452	听	1,924,252	听	2,134,012
Total Deposits	$	20,633,037	$	20,978,322	$	20,408,502	$	20,676,586	$	21,055,045
									听
									听
Average Deposits
	Three Months Ended
	December 31,		September 30,		June 30,		March 31,		December 31,
(dollars in thousands)	听	2024	听	2024	听	2024	听	2024	听	2023
Consumer	$	10,327,928	$	10,345,772	$	10,379,724	$	10,313,730	$	10,092,727
Commercial	听	8,564,213	听	8,207,310	听	8,188,685	听	8,334,540	听	8,581,426
Public and Other	听	1,864,541	听	1,931,309	听	1,789,984	听	1,895,370	听	2,029,917
Total Deposits	$	20,756,682	$	20,484,391	$	20,358,393	$	20,543,640	$	20,704,070

													听
Bank of Hawai鈥榠 Corporation and Subsidiaries
Non-Performing Assets and Accruing Loans and Leases Past Due 90 Days or More													Table 11
	December 31,			September 30,			June 30,			March 31,			December 31,
(dollars in thousands)	听	2024	听	听	2024	听	听	2024	听	听	2024	听	听	2023	听
Non-Performing Assets
Non-Accrual Loans and Leases
Commercial
Commercial and Industrial	$	4,627	听	$	6,218	听	$	3,681	听	$	13	听	$	39	听
Commercial Mortgage	听	2,450	听	听	2,680	听	听	2,601	听	听	2,714	听	听	2,884	听
Total Commercial	听	7,077	听	听	8,898	听	听	6,282	听	听	2,727	听	听	2,923	听
Consumer
Residential Mortgage	听	5,052	听	听	4,269	听	听	2,998	听	听	3,199	听	听	2,935	听
Home Equity	听	4,514	听	听	3,947	听	听	3,227	听	听	3,240	听	听	3,791	听
Total Consumer	听	9,566	听	听	8,216	听	听	6,225	听	听	6,439	听	听	6,726	听
Total Non-Accrual Loans and Leases	听	16,643	听	听	17,114	听	听	12,507	听	听	9,166	听	听	9,649	听
Foreclosed AG真人官方 Estate	听	2,657	听	听	2,667	听	听	2,672	听	听	2,672	听	听	2,098	听
Total Non-Performing Assets	$	19,300	听	$	19,781	听	$	15,179	听	$	11,838	听	$	11,747	听
													听
Accruing Loans and Leases Past Due 90 Days or More
Consumer
Residential Mortgage	$	3,984	听	$	4,421	听	$	4,524	听	$	3,378	听	$	3,814	听
Home Equity	听	2,845	听	听	1,980	听	听	2,025	听	听	1,580	听	听	1,734	听
Automobile	听	776	听	听	580	听	听	568	听	听	517	听	听	399	听
Other	听	677	听	听	554	听	听	733	听	听	872	听	听	648	听
Total Consumer	听	8,282	听	听	7,535	听	听	7,850	听	听	6,347	听	听	6,595	听
Total Accruing Loans and Leases Past Due 90 Days or More	$	8,282	听	$	7,535	听	$	7,850	听	$	6,347	听	$	6,595	听
Total Loans and Leases	$	14,075,980	听	$	13,918,583	听	$	13,831,266	听	$	13,853,837	听	$	13,965,026	听
													听
Ratio of Non-Accrual Loans and Leases to Total Loans and Leases	听	0.12	%	听	0.12	%	听	0.09	%	听	0.07	%	听	0.07	%
													听
Ratio of Non-Performing Assets to Total Loans and Leases
and Foreclosed AG真人官方 Estate	听	0.14	%	听	0.14	%	听	0.11	%	听	0.09	%	听	0.08	%
													听
Ratio of Non-Performing Assets to Total Assets	听	0.08	%	听	0.08	%	听	0.07	%	听	0.05	%	听	0.05	%
													听
Ratio of Commercial Non-Performing Assets to Total Commercial Loans
and Leases and Commercial Foreclosed AG真人官方 Estate	听	0.12	%	听	0.15	%	听	0.11	%	听	0.05	%	听	0.05	%
													听
Ratio of Consumer Non-Performing Assets to Total Consumer Loans
and Leases and Consumer Foreclosed AG真人官方 Estate	听	0.15	%	听	0.14	%	听	0.11	%	听	0.11	%	听	0.11	%
													听
Ratio of Non-Performing Assets and Accruing Loans and Leases
Past Due 90 Days or More to Total Loans and Leases
and Foreclosed AG真人官方 Estate	听	0.20	%	听	0.20	%	听	0.17	%	听	0.13	%	听	0.13	%
													听
Quarter to Quarter Changes in Non-Performing Assets
Balance at Beginning of Quarter	$	19,781	听	$	15,179	听	$	11,838	听	$	11,747	听	$	11,519	听
Additions	听	2,198	听	听	5,557	听	听	5,257	听	听	1,652	听	听	2,683	听
Reductions
Payments	听	(708	)	听	(734	)	听	(844	)	听	(921	)	听	(2,018	)
Return to Accrual Status	听	(476	)	听	(81	)	听	(1,018	)	听	(617	)	听	(437	)
Charge-offs / Write-downs	听	(1,495	)	听	(140	)	听	(54	)	听	(23	)	听	-	听
Total Reductions	听	(2,679	)	听	(955	)	听	(1,916	)	听	(1,561	)	听	(2,455	)
Balance at End of Quarter	$	19,300	听	$	19,781	听	$	15,179	听	$	11,838	听	$	11,747	听

														听
Bank of Hawai鈥榠 Corporation and Subsidiaries
Reserve for Credit Losses														Table 12
	Three Months Ended										Year Ended
	December 31,			September 30,			December 31,				December 31,
(dollars in thousands)	听	2024	听	听	2024	听	听	2023	听		听	2024	听	听	2023	听
Balance at Beginning of Period	$	150,325	听	$	151,155	听	$	151,653	听		$	152,429	听	$	151,247	听
														听
Loans and Leases Charged-Off
Commercial
Commercial and Industrial	听	(352	)	听	(1,021	)	听	(229	)		听	(2,608	)	听	(987	)
Consumer
Residential Mortgage	听	(337	)	听	-	听	听	-	听		听	(385	)	听	(6	)
Home Equity	听	(339	)	听	(125	)	听	(14	)		听	(701	)	听	(82	)
Automobile	听	(1,548	)	听	(1,651	)	听	(938	)		听	(5,342	)	听	(5,247	)
Other	听	(2,637	)	听	(2,539	)	听	(2,349	)		听	(10,098	)	听	(8,645	)
Total Loans and Leases Charged-Off	听	(5,213	)	听	(5,336	)	听	(3,530	)		听	(19,134	)	听	(14,967	)
Recoveries on Loans and Leases Previously Charged-Off
Commercial
Commercial and Industrial	听	386	听	听	66	听	听	125	听		听	831	听	听	350	听
Consumer
Residential Mortgage	听	150	听	听	48	听	听	301	听		听	303	听	听	489	听
Home Equity	听	177	听	听	318	听	听	180	听		听	792	听	听	1,073	听
Automobile	听	609	听	听	552	听	听	612	听		听	2,168	听	听	2,782	听
Other	听	465	听	听	522	听	听	588	听		听	2,110	听	听	2,455	听
Total Recoveries on Loans and Leases Previously Charged-Off	听	1,787	听	听	1,506	听	听	1,806	听		听	6,204	听	听	7,149	听
Net Charged-Off Loans and Leases	听	(3,426	)	听	(3,830	)	听	(1,724	)		听	(12,930	)	听	(7,818	)
Provision for Credit Losses:
Loans and Leases	听	4,623	听	听	3,684	听	听	2,864	听		听	15,055	听	听	9,782	听
Unfunded Commitments	听	(873	)	听	(684	)	听	(364	)		听	(3,905	)	听	(782	)
Total Provision for Credit Losses	听	3,750	听	听	3,000	听	听	2,500	听		听	11,150	听	听	9,000	听
Balance at End of Period	$	150,649	听	$	150,325	听	$	152,429	听		$	150,649	听	$	152,429	听
														听
Components
Allowance for Credit Losses - Loans and Leases	$	148,528	听	$	147,331	听	$	146,403	听		$	148,528	听	$	146,403	听
Reserve for Unfunded Commitments	听	2,121	听	听	2,994	听	听	6,026	听		听	2,121	听	听	6,026	听
Total Reserve for Credit Losses	$	150,649	听	$	150,325	听	$	152,429	听		$	150,649	听	$	152,429	听
														听
Average Loans and Leases Outstanding	$	13,964,687	听	$	13,809,977	听	$	13,906,114	听		$	13,868,916	听	$	13,851,551	听
														听
Ratio of Net Loans and Leases Charged-Off to
Average Loans and Leases Outstanding (annualized)	听	0.10	%	听	0.11	%	听	0.05	%		听	0.09	%	听	0.06	%
Ratio of Allowance for Credit Losses to Loans and Leases Outstanding¹		1.06	%		1.06	%		1.05	%			1.06	%		1.05	%
听	听			听			听			听	听			听
¹The numerator comprises the Allowance for Credit Losses - Loans and Leases.

									听
Bank of Hawai鈥榠 Corporation and Subsidiaries
Business Segments Selected Financial Information									Table 13a
	Consumer		Commercial			Treasury			Consolidated
(dollars in thousands)	Banking		Banking			and Other			Total
Three Months Ended December 31, 2024
Net Interest Income (Expense)	$	98,019	$	53,516	听	$	(31,357	)	$	120,178
Provision for (Recapture of) Credit Losses	听	3,751	听	(326	)	听	325	听	听	3,750
Net Interest Income (Expense) After Provision for Credit Losses	听	94,268	听	53,842	听	听	(31,682	)	听	116,428
Noninterest Income	听	34,800	听	7,490	听	听	757	听	听	43,047
Noninterest Expense	听	85,516	听	18,874	听	听	3,541	听	听	107,931
Income (Loss) Before Income Taxes	听	43,552	听	42,458	听	听	(34,466	)	听	51,544
Provision (Benefit) for Income Taxes	听	11,136	听	10,819	听	听	(9,573	)	听	12,382
Net Income (Loss)	$	32,416	$	31,639	听	$	(24,893	)	$	39,162
Total Assets as of December 31, 2024	$	8,288,997	$	6,145,162	听	$	9,166,955	听	$	23,601,114
									听
Three Months December 31, 2023¹
Net Interest Income (Expense)	$	99,629	$	49,572	听	$	(33,416	)	$	115,785
Provision for (Recapture of) Credit Losses	听	1,738	听	(15	)	听	777	听	听	2,500
Net Interest Income (Expense) After Provision for Credit Losses	听	97,891	听	49,587	听	听	(34,193	)	听	113,285
Noninterest Income	听	32,247	听	7,944	听	听	2,092	听	听	42,283
Noninterest Expense	听	92,793	听	18,958	听	听	4,211	听	听	115,962
Income (Loss) Before Income Taxes	听	37,345	听	38,573	听	听	(36,312	)	听	39,606
Provision (Benefit) for Income Taxes	听	9,575	听	9,764	听	听	(10,129	)	听	9,210
Net Income (Loss)	$	27,770	$	28,809	听	$	(26,183	)	$	30,396
Total Assets as of December 31, 2023	$	8,486,771	$	5,831,880	听	$	9,414,645	听	$	23,733,296
听	听		听			听			听
¹Certain prior period information has been reclassified to conform to current presentation.

								听
Bank of Hawai鈥榠 Corporation and Subsidiaries
Business Segments Selected Financial Information								Table 13b
	Consumer		Commercial		Treasury			Consolidated
(dollars in thousands)	Banking		Banking		and Other			Total
Year Ended December 31, 2024
Net Interest Income (Expense)	$	391,137	$	206,450	$	(131,007	)	$	466,580
Provision for (Recapture of) Credit Losses	听	11,969	听	913	听	(1,732	)	听	11,150
Net Interest Income (Expense) After Provision for Credit Losses	听	379,168	听	205,537	听	(129,275	)	听	455,430
Noninterest Income	听	134,568	听	28,768	听	9,193	听	听	172,529
Noninterest Expense	听	339,944	听	74,352	听	15,812	听	听	430,108
Income (Loss) Before Income Taxes	听	173,792	听	159,953	听	(135,894	)	听	197,851
Provision (Benefit) for Income Taxes	听	44,290	听	40,530	听	(36,963	)	听	47,857
Net Income (Loss)	$	129,502	$	119,423	$	(98,931	)	$	149,994
Total Assets as of December 31, 2024	$	8,288,997	$	6,145,162	$	9,166,955	听	$	23,601,114
								听
Year Ended December 31, 2023 ¹
Net Interest Income (Expense)	$	393,310	$	209,436	$	(105,721	)	$	497,025
Provision for (Recapture of) Credit Losses	听	7,773	听	44	听	1,183	听	听	9,000
Net Interest Income (Expense) After Provision for Credit Losses	听	385,537	听	209,392	听	(106,904	)	听	488,025
Noninterest Income	听	126,373	听	33,016	听	17,220	听	听	176,609
Noninterest Expense	听	340,336	听	77,486	听	19,696	听	听	437,518
Income (Loss) Before Income Taxes	听	171,574	听	164,922	听	(109,380	)	听	227,116
Provision (Benefit) for Income Taxes	听	44,141	听	41,109	听	(29,336	)	听	55,914
Net Income (Loss)	$	127,433	$	123,813	$	(80,044	)	$	171,202
Total Assets as of December 31, 2023	$	8,486,771	$	5,831,880	$	9,414,645	听	$	23,733,296
听	听		听		听			听
¹Certain prior period information has been reclassified to conform to current presentation.

听

Bank of Hawai鈥榠 Corporation and Subsidiaries

Selected Quarterly Financial Data

Table 14

Three Months Ended

December 31,

September 30,

June 30,

March 31,

December 31,

(dollars in thousands, except per share amounts)

听

2024

听

2024

听

2024

听

2024

听

2023

听

Quarterly Operating Results

Interest Income

Interest and Fees on Loans and Leases

164,785

听

166,286

听

163,208

听

159,336

听

158,324

听

Income on Investment Securities

Available-for-Sale

听

23,223

听

23,257

听

21,468

听

21,757

听

22,782

听

Held-to-Maturity

听

20,677

听

21,107

听

21,595

听

22,136

听

22,589

听

Cash and Cash Equivalents

听

9,425

听

8,980

听

6,139

听

6,157

听

5,728

听

Other

听

1,107

听

1,018

听

1,120

听

970

听

924

听

Total Interest Income

听

219,217

听

220,648

听

213,530

听

210,356

听

210,347

听

Interest Expense

Deposits

听

92,099

听

96,067

听

91,542

听

89,056

听

87,121

听

Securities Sold Under Agreements to Repurchase

听

992

听

993

听

1,180

听

1,443

听

1,459

听

Funds Purchased

听

Other Debt

听

5,948

听

5,970

听

5,918

听

5,919

听

5,982

听

Total Interest Expense

听

99,039

听

103,030

听

98,684

听

96,418

听

94,562

听

Net Interest Income

听

120,178

听

117,618

听

114,846

听

113,938

听

115,785

听

Provision for Credit Losses

听

3,750

听

3,000

听

2,400

听

2,000

听

2,500

听

Net Interest Income After Provision for Credit Losses

听

116,428

听

114,618

听

112,446

听

111,938

听

113,285

听

Noninterest Income

Fees, Exchange, and Other Service Charges

听

14,399

听

14,945

听

13,769

听

14,123

听

13,774

听

Trust and Asset Management

听

12,157

听

11,916

听

12,223

听

11,189

听

11,144

听

Service Charges on Deposit Accounts

听

8,678

听

8,075

听

7,730

听

7,947

听

7,949

听

Bank-Owned Life Insurance

听

3,283

听

3,533

听

3,396

听

3,356

听

3,176

听

Annuity and Insurance

听

1,347

听

1,460

听

1,583

听

1,046

听

1,271

听

Mortgage Banking

听

942

听

1,188

听

1,028

听

951

听

1,016

听

Investment Securities Losses, Net

听

(3,306

)

听

(1,103

)

听

(1,601

)

听

(1,497

)

听

(1,619

)

Other

听

5,547

听

5,096

听

3,959

听

5,170

听

5,572

听

Total Noninterest Income

听

43,047

听

45,110

听

42,087

听

42,285

听

42,283

听

Noninterest Expense

Salaries and Benefits

听

58,690

听

58,626

听

57,033

听

58,215

听

53,991

听

Net Equipment

听

10,308

听

10,120

听

10,355

听

10,103

听

9,826

听

Net Occupancy

听

10,263

听

10,806

听

10,559

听

10,456

听

9,734

听

Data Processing

听

5,313

听

4,712

听

4,745

听

4,770

听

4,948

听

Professional Fees

听

4,988

听

4,725

听

4,929

听

4,677

听

5,079

听

FDIC Insurance

听

3,711

听

3,355

听

7,170

听

3,614

听

18,545

听

Other

听

14,658

听

14,748

听

14,435

听

14,024

听

13,839

听

Total Noninterest Expense

听

107,931

听

107,092

听

109,226

听

105,859

听

115,962

听

Income Before Provision for Income Taxes

听

51,544

听

52,636

听

45,307

听

48,364

听

39,606

听

Provision for Income Taxes

听

12,382

听

12,278

听

11,224

听

11,973

听

9,210

听

Net Income

39,162

听

40,358

听

34,083

听

36,391

听

30,396

听

Preferred Stock Dividends

听

5,269

听

3,436

听

1,969

听

1,969

听

1,969

听

Net Income Available to Common Shareholders

33,893

听

36,922

听

32,114

听

34,422

听

28,427

听

Basic Earnings Per Common Share

0.86

听

0.94

听

0.81

听

0.87

听

0.72

听

Diluted Earnings Per Common Share

0.85

听

0.93

听

0.81

听

0.87

听

0.72

听

Balance Sheet Totals

Loans and Leases

14,075,980

听

13,918,583

听

13,831,266

听

13,853,837

听

13,965,026

听

Total Assets

听

23,601,114

听

23,799,174

听

23,300,768

听

23,420,860

听

23,733,296

听

Total Deposits

听

20,633,037

听

20,978,322

听

20,408,502

听

20,676,586

听

21,055,045

听

Total Shareholders' Equity

听

1,667,774

听

1,665,474

听

1,612,849

听

1,435,977

听

1,414,242

听

Performance Ratios

Return on Average Assets

听

0.66

听

0.69

听

0.59

听

0.63

听

0.51

Return on Average Shareholders' Equity

听

9.42

听

9.90

听

9.53

听

10.34

听

8.86

听

Return on Average Common Equity

听

10.30

听

11.50

听

10.41

听

11.20

听

9.55

听

Efficiency Ratio¹

听

66.12

听

65.81

听

69.60

听

67.76

听

73.36

听

Net Interest Margin²

听

2.19

听

2.18

听

2.15

听

2.11

听

2.13

听

¹Efficiency ratio is defined as noninterest expense divided by total revenue (net interest income and total noninterest income).

²Net interest margin is defined as net interest income, on a taxable-equivalent basis, as a percentage of average earning assets.

													听
Bank of Hawai鈥榠 Corporation and Subsidiaries
Hawaii Economic Trends													Table 15
	Eleven Months Ended				Year Ended
(dollars in millions; jobs in thousands)	November 30, 2024				December 31, 2023					December 31, 2022
Hawaii Economic Trends
State General Fund Revenues¹	$	9,295.7	6.5	%	$	9,504.1		0.7	%	$	9,441.3	听	16.0	%
General Excise and Use Tax Revenue¹	听	4,137.1	0.4		听	4,474.1		4.9	听	听	4,263.4	听	18.3	听
Jobs²	听	652.7			听	655.2				听	653.3	听
													听
								November 30,		December 31,
								2024		2023			2022
Unemployment, seasonally adjusted²
Statewide								2.9	%	听	3.0	%	3.2	%
Honolulu County								2.8	听	听	2.6	听	3.1	听
Hawaii County								3.0	听	听	2.8	听	3.5	听
Maui County								3.4	听	听	6.2	听	3.5	听
Kauai County								2.9	听	听	2.5	听	3.1	听
													听
					December 31,
(1-year percentage change, except months of inventory)					听	2024		2023		2022			2021
Housing Trends (Single Family Oahu)³
Median Home Price					听	4.8	%	(5.0	)%	听	11.6	%	19.3	%
Home Sales Volume (units)					听	9.1	%	(26.3	)%	听	(23.2	)%	17.9	%
Months of Inventory					听	2.9		2.8	听	听	2.1	听	0.8	听
													听
					Monthly Visitor Arrivals,					Percentage Change
(in thousands, except percent change)					Not Seasonally Adjusted					from Previous Year
Tourism⁴
November 30, 2024								762.7	听				5.7	%
October 31, 2024								739.0	听				5.5	听
September 30, 2024								688.8	听				6.3	听
August 31, 2024								819.2	听				6.9	听
July 31, 2024								925.3	听				(0.5	)
June 30, 2024								872.6	听				(1.5	)
May 31, 2024								757.8	听				(4.1	)
April 30, 2024								721.9	听				(10.5	)
March 31, 2024								843.5	听				(5.5	)
February 29, 2024								752.7	听				2.6	听
January 31, 2024								745.6	听				(3.8	)
December 31, 2023								845.6	听				(1.5	)
November 30, 2023								721.3	听				0.3	听
October 31, 2023								700.4	听				(3.7	)
September 30, 2023								648.1	听				(6.4	)
August 31, 2023								766.6	听				(7.6	)
July 31, 2023								930.2	听				1.3	听
June 30, 2023								886.0	听				5.3	听
May 31, 2023								790.5	听				2.1	听
April 30, 2023								806.2	听				(0.4	)
March 31, 2023								892.2	听				13.6	听
February 28, 2023								733.6	听				17.6	听
January 31, 2023								775.1	听				36.7	听
December 31, 2022								858.3	听				14.0	听
November 30, 2022								719.0	听				17.1	听
听	听		听	听	听		听	听		听			听
¹Source: Hawaii Department of Business, Economic Development & Tourism
²Source: U.S. Bureau of Labor Statistics
³Source: Honolulu Board of AG真人官方tors
⁴Source: Hawaii Tourism Authority

听

View source version on businesswire.com:

Investor/Analyst Inquiries

Chang Park

Email: [email protected]

Phone: 808-694-8238

Media Inquiries

Melissa Torres-Laing

Email: [email protected]

Phone: 808-694-8384

Mobile: 808-859-1703

Source: Bank of Hawai鈥榠 Corporation

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