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Mar 31, 2021

Bank of Hawaii Q1 2021 Earnings Report

Bank of Hawaii reported strong financial performance in Q1 2021, marked by record high deposit balances and total assets, solid asset quality, and high levels of liquidity and capital.

Key Takeaways

Bank of Hawaii Corporation reported a strong first quarter in 2021, with diluted earnings per share of $1.50, up from $0.87 in the same quarter last year, and net income of $59.9 million, compared to $34.7 million in the first quarter of 2020.

Diluted earnings per share reached $1.50, a notable increase from both the previous and prior year's quarter.

Net income was $59.9 million, significantly higher than the previous and prior year's quarter.

Net interest income was $120.8 million.

Total assets reached a new record high of $21.9 billion.

Total Revenue
$164M
Previous year: $172M
-5.0%
EPS
$1.5
Previous year: $0.87
+72.4%
Efficiency Ratio
60.45%
Return on Avg. Assets
1.15%
Tier 1 Capital Ratio
12.35%
Cash and Equivalents
$1.39B
Previous year: $557M
+150.2%
Free Cash Flow
$179M
Total Assets
$21.9B
Previous year: $18.5B
+18.4%

Bank of Hawaii

Bank of Hawaii

Bank of Hawaii Revenue by Segment

Forward Guidance

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.