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Jun 30, 2024

Bank of Hawaii Q2 2024 Earnings Report

Reported diluted earnings per common share of $0.81 and net income of $34.1 million.

Key Takeaways

Bank of Hawaii Corporation reported strong financial results for Q2 2024, with diluted earnings per common share at $0.81 and net income at $34.1 million. The results were impacted by a $2.6 million one-time charge due to an industry-wide FDIC Special Assessment.

Diluted earnings per common share were $0.81.

Net income was $34.1 million.

Net interest margin was 2.15%.

Credit quality remained exceptional with low non-performing assets and net charge-offs.

Total Revenue
$157M
Previous year: $168M
-6.4%
EPS
$0.86
Previous year: $1.12
-23.2%
Efficiency Ratio
69.6%
Previous year: 62.07%
+12.1%
Cash and Equivalents
$925M
Previous year: $398M
+132.5%
Free Cash Flow
$42.3M
Previous year: $8.78M
+382.0%
Total Assets
$23.3B
Previous year: $24.9B
-6.6%

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.