EX-99.1 2 boh-ex99_1.htm EX-99.1 EX-99.1 Exhibit 99.1 Bank of Hawai‘i Corporation Fourth Quarter and Full Year 2024 Financial Results • 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 FOR IMMEDIATE RELEASE HONOLULU, HI (January 27, 2025) -- Bank of Hawai‘i Corporation (NYSE: BOH) (the “Company”) 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. “Bank of Hawai‘i finished 2024 with strong financial performance,” said Peter Ho, Chairman and CEO. “In the fourth quarter, our net interest income and net interest margin continued their upward tr…
Open exhibit ↗Current Report · Items 2.02, 9.01 · 8-K
Bank of Hawaii Corp.
BOHNYSEEQUITYCurrent
Results of Operations and Financial Condition
Item 2.02. Results of Operations and Financial Condition. On January 27, 2025, Bank of Hawaii Corporation announced its results of operations for the quarter ended December 31, 2024. The public announcement was made by means of a press release, the text of which is furnished as Exhibit 99.1 hereto and incorporated herein by reference.
Company context
Bank of Hawai‘i Corporation is a regional financial services company serving businesses, consumers and governments in Hawai‘i and the West Pacific. The Company’s principal subsidiary, Bank of Hawai‘i, was founded in 1897 and offers customers branch, ATM network, convenient 24-hour telephone, internet and mobile banking services. Bank of Hawai‘i Corporation and its subsidiaries offer a wide range of financial products and services, including deposit and lending services, investments, trust services, private banking, leasing, mortgage, insurance. Bank of Hawai‘i also remains steadfast in its commitment to supporting the communities it serves. Additional information about the bank can be found at www.boh.com.
Current securities
Disclosure sections
Item 2.02Item 2.02 - Results of Operations
Filed exhibits (2)
EX-99.2 3 boh-ex99_2.htm EX-99.2 Bank of Hawai‘i Corporation fourth quarter 2024 financial report January 27, 2025 this presentation, and other statements made by the Company in connection with it, may contain forward-looking statements concerning, among other things, forecasts of our financial results and condition, expectations for our operations and business prospects, and our assumptions used in those forecasts and expectations. we have not committed to update forward-looking statements to reflect later events or circumstances disclosure 2 forward-looking statements diversified, lower risk loan assets fourth quarter 2024 highlights broad & deep market penetration stable balance sheet performance earnings highlights strong credit credit remained pristine modest increase in average loan and average deposit balances stable average noninterest-bearing demand deposit and low yield interest-bearing deposit balances tier 1 capital ratio of 13.95% and total capital ratio of 15.00% $0.85 diluted earnings per common share $39.2 million net income net interest margin expanded for the third consecutive quarter to 2.19% and December net interest margin expanded to 2.26% average cost …
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