Articles from Bank of Hawaii Corporation

Bank of Hawai‘i Corporation (NYSEBOH) today reported diluted earnings per common share of $1.28 for the third quarter of 2022, compared with diluted earnings per common share of $1.38 in the previous quarter and $1.52 in the same quarter last year. Net income for the third quarter of 2022 was $52.8 million, down 7.1% from the second quarter of 2022 and down 14.9% from the third quarter of 2021. The decrease from the second quarter of 2022 was primarily due to a one-time pre-tax charge of $6.9 million related to our agreement to sell assets that will terminate certain leveraged leases and a decrease in the negative provision for credit losses. The decrease from the third quarter of 2021 was primarily due to the aforementioned charge, a decrease in the negative provision for credit losses and lower PPP income in the current quarter and one-time items in the third quarter of 2021.

Bank of Hawaii Corporation (NYSEBOH) will release third quarter 2022 financial results on Monday, October 24, 2022 before the market opens and hold its quarterly conference call at 2:00 p.m. Eastern Time (8:00 a.m. Hawaii Time) on the same day.

Bank of Hawaii Corporation (NYSEBOH) today reported diluted earnings per common share of $1.38 for the second quarter of 2022, compared with diluted earnings per common share of $1.32 in the previous quarter and $1.68 in the same quarter last year. Net income for the second quarter of 2022 was $56.9 million, up 3.7% from the first quarter of 2022 and down 15.8% from the second quarter of 2021. The decrease from the second quarter of 2021 was primarily due to a smaller release of the allowance for credit losses and lower PPP income in the current quarter and one-time items in the second quarter of 2021.

Bank of Hawaii Corporation (NYSEBOH) will release second quarter 2022 financial results on Monday, July 25, 2022 before the market opens and hold its quarterly conference call at 2:00 p.m. Eastern Time (8:00 a.m. Hawaii Time) on the same day.

Bank of Hawaii Corporation (NYSEBOH) today reported diluted earnings per common share of $1.32 for the first quarter of 2022, compared with diluted earnings per common share of $1.55 in the previous quarter and $1.50 in the same quarter last year. Net income for the first quarter of 2022 was $54.8 million, down 14.1% from the fourth quarter of 2021 and down 8.5% from the first quarter of 2021.

Bank of Hawaii Corporation (NYSEBOH) will release first quarter 2022 financial results on Monday, April 25, 2022 before the market opens and hold its quarterly conference call at 2:00 p.m. Eastern Time (8:00 a.m. Hawaii Time) on the same day.

Bank of Hawaii Corporation (NYSEBOH) today reported diluted earnings per common share of $6.25 for the full year of 2021, compared with diluted earnings per common share of $3.86 for the full year of 2020. Net income for the year was $253.4 million, up 64.7% from the previous year. Return on average assets for the full year of 2021 was 1.14%, compared with 0.79% in 2020. Return on common equity for the full year of 2021 was 17.92%, compared with 11.38% in 2020.

Bank of Hawaii Corporation (NYSEBOH) will release fourth quarter 2021 financial results on Monday, January 24, 2022 before the market opens and hold its quarterly conference call at 1:00 p.m. Eastern Time (8:00 a.m. Hawaii Time) on the same day.

Bank of Hawaii Corp. (NYSEBOH) announced that its board of directors has elected Elliot K. Mills to serve on its board of directors, effective Oct. 22, 2021, until the annual election of directors at the bank’s next annual shareholders meeting. With the addition of Mills, Bank of Hawaii Corporation’s board of directors increases from 13 to 14. Mills serves on Bank of Hawaii’s Human Resources and Compensation Committee, Nominating and Corporate Governance Committee and Digital Advisory Committee.

Bank of Hawaii Corp. (NYSEBOH) announced that its board of directors has elected Elliot K. Mills to serve on its board of directors, effective Oct. 22, 2021, until the annual election of directors at the bank’s next annual shareholders meeting. With the addition of Mills, Bank of Hawaii Corporation’s board of directors increases from 13 to 14. Mills serves on Bank of Hawaii’s Human Resources and Compensation Committee, Nominating and Corporate Governance Committee and Digital Advisory Committee.

Bank of Hawaii Corporation (NYSEBOH) today reported diluted earnings per common share of $1.52 for the third quarter of 2021, compared with diluted earnings per common share of $1.68 in the previous quarter and $0.95 in the same quarter last year. Net income for the third quarter of 2021 was $62.1 million, down 8.1% from the second quarter of 2021 and up 64.0% from the third quarter of 2020.

Bank of Hawaii Corporation (NYSEBOH) will release third quarter 2021 financial results on Monday, October 25, 2021 before the market opens and hold its quarterly conference call at 2:00 p.m. Eastern Time (8:00 a.m. Hawaii Time) on the same day.

Bank of Hawaii Corporation (NYSEBOH) today reported diluted earnings per common share of $1.68 for the second quarter of 2021, compared with diluted earnings per common share of $1.50 in the previous quarter and $0.98 in the same quarter last year. Net income for the second quarter of 2021 was $67.5 million compared with net income of $59.9 million in the first quarter of 2021 and $38.9 million in the second quarter of 2020.

Bank of Hawaii Corporation (NYSEBOH) will release second quarter 2021 financial results on Monday, July 26, 2021 before the market opens and hold its quarterly conference call at 2:00 p.m. Eastern Time (8:00 a.m. Hawaii Time) on the same day.

Bank of Hawaii Corporation (NYSEBOH) today announced the pricing of a public offering of 7,200,000 depositary shares, each representing 1/40th ownership interest in a share of its 4.375% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A, for gross proceeds of $180 million. Each share of preferred stock has a liquidation preference of $1,000 per share, equivalent to $25 per depositary share. The offering is expected to close on June 15, 2021, subject to customary closing conditions.

Bank of Hawaii Corporation (NYSEBOH) today reported diluted earnings per share of $1.50 for the first quarter of 2021, compared with diluted earnings per share of $1.06 in the previous quarter and $0.87 in the same quarter last year. Net income for the first quarter of 2021 was $59.9 million compared with net income of $42.3 million in the fourth quarter of 2020 and $34.7 million in the first quarter of 2020.

Bank of Hawaii Corporation (NYSEBOH) will release first quarter 2021 financial results on Monday, April 26, 2021 before the market opens and hold its quarterly conference call at 2:00 p.m. Eastern Time (8:00 a.m. Hawaii Time) on the same day.