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Sep 30, 2022

Bank of Hawaii Q3 2022 Earnings Report

Diluted earnings per share and net income decreased due to one-time charges, a decrease in the negative provision for credit losses, and lower PPP income.

Key Takeaways

Bank of Hawaii Corporation reported diluted earnings per common share of $1.28 for Q3 2022, a decrease compared to the previous quarter and the same quarter last year. Net income for the third quarter of 2022 was $52.8 million, also down from both the previous quarter and the same quarter of the prior year.

Diluted earnings per common share were $1.28.

Net income was $52.8 million.

Net interest income increased by 11.7% compared to Q3 2021, reaching $141.7 million.

The Board of Directors declared a dividend of $0.70 per common share.

Total Revenue
$172M
Previous year: $168M
+2.4%
EPS
$1.42
Previous year: $1.52
-6.6%
Efficiency Ratio
61.37%
Previous year: 57.38%
+7.0%
Return on Avg. Assets
0.91%
Previous year: 1.07%
-15.0%
Tier 1 Capital Ratio
12.72%
Previous year: 13.47%
-5.6%
Cash and Equivalents
$656M
Previous year: $656M
+-0.0%
Free Cash Flow
$99M
Previous year: $124M
-20.4%
Total Assets
$23.1B
Previous year: $23B
+0.7%

Bank of Hawaii

Bank of Hawaii

Forward Guidance

This news release contains forward-looking statements that involve risks and uncertainties that could cause results to be materially different from expectations. Actual results might differ significantly from forecasts and expectations because of a variety of factors.