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Sep 30, 2023

Bank of Hawaii Q3 2023 Earnings Report

Reported solid financial results, driven by deposit growth and strong credit quality, while supporting the community in Maui.

Key Takeaways

Bank of Hawaii Corporation reported diluted earnings per common share of $1.17 for Q3 2023, a slight increase from the previous quarter but a decrease compared to the same quarter of 2022. Net income for the quarter was $47.9 million, up 4.0% from the previous quarter but down 9.3% from the same quarter of 2022. Total deposits were up 1.4% linked quarter.

Diluted earnings per common share were $1.17.

Net income reached $47.9 million.

Total deposits increased by 1.4% linked quarter.

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

Total Revenue
$171M
Previous year: $172M
-0.6%
EPS
$1.17
Previous year: $1.42
-17.6%
Efficiency Ratio
61.66%
Previous year: 61.37%
+0.5%
Return on Avg. Assets
0.78%
Previous year: 0.91%
-14.3%
Cash and Equivalents
$261M
Previous year: $656M
-60.1%
Free Cash Flow
$143M
Previous year: $99M
+44.9%
Total Assets
$23.5B
Previous year: $23.1B
+1.8%

Bank of Hawaii

Bank of Hawaii

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.