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Mar 31, 2022

Bank of Hawaii Q1 2022 Earnings Report

Bank of Hawaii reported earnings increase, driven by solid operating performance with momentum in core loan and deposit growth and expansion in core net interest margin.

Key Takeaways

Bank of Hawaii Corporation reported diluted earnings per common share of $1.32 for Q1 2022, a decrease compared to both the previous quarter ($1.55) and the same quarter last year ($1.50). Net income for the quarter was $54.8 million, down 14.1% from the previous quarter and 8.5% from the same quarter last year. The company saw good continuing momentum in core loan and deposit growth and expansion in core net interest margin.

Diluted earnings per common share were $1.32.

Net income was $54.8 million.

Net interest income for the quarter was $125.3 million, an increase of 3.9% from the first quarter of 2021.

Total assets were $23.0 billion at March 31, 2022, an increase of 4.8% from March 31, 2021.

Total Revenue
$169M
Previous year: $164M
+3.2%
EPS
$1.32
Previous year: $1.5
-12.0%
Efficiency Ratio
61.53%
Previous year: 60.45%
+1.8%
Return on Avg. Assets
0.97%
Previous year: 1.15%
-15.7%
Tier 1 Capital Ratio
13.22%
Previous year: 12.35%
+7.0%
Cash and Equivalents
$595M
Previous year: $1.39B
-57.3%
Free Cash Flow
$36.1M
Previous year: $179M
-79.8%
Total Assets
$23B
Previous year: $21.9B
+4.8%

Bank of Hawaii

Bank of Hawaii

Bank of Hawaii Revenue by Segment

Forward Guidance

This news release does not contain forward guidance.