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Sep 30, 2024

Bank of Hawaii Q3 2024 Earnings Report

Bank of Hawaii's financial performance improved with increased net interest income and noninterest income, alongside controlled expenses.

Key Takeaways

Bank of Hawaii Corporation reported diluted earnings per common share of $0.93 for Q3 2024, a decrease compared to $1.17 in the same period last year. Net income for the quarter was $40.4 million, down 15.8% from the same period last year. The return on average common equity was 11.50%.

Diluted earnings per common share were $0.93.

Total assets reached $23.8 billion, and total deposits were $21.0 billion at quarter end.

Net income amounted to $40.4 million.

Net interest margin stood at 2.18%.

Total Revenue
$163M
Previous year: $171M
-5.0%
EPS
$0.93
Previous year: $1.17
-20.5%
Efficiency Ratio
65.81%
Previous year: 61.66%
+6.7%
Tier 1 Capital Ratio
14.05%
Cash and Equivalents
$1.27B
Previous year: $261M
+386.8%
Free Cash Flow
-$21.7M
Previous year: $143M
-115.1%
Total Assets
$23.8B
Previous year: $23.5B
+1.1%

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.