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Dec 31, 2020

Bank of Hawaii Q4 2020 Earnings Report

Bank of Hawaii reported solid financial performance despite challenges faced during the year due to the COVID-19 pandemic.

Key Takeaways

Bank of Hawaii Corporation reported a net income of $42.3 million and diluted earnings per share of $1.06 for Q4 2020. The return on average assets was 0.83 percent and the return on average equity was 12.26 percent. Total assets reached a new record high of $20.6 billion.

Diluted earnings per share were $1.06 for the fourth quarter of 2020.

Net income for the fourth quarter of 2020 was $42.3 million.

Total assets increased to a new record of $20.6 billion at December 31, 2020.

The Board of Directors declared a quarterly cash dividend of $0.67 per share.

Total Revenue
$165M
Previous year: $172M
-4.0%
EPS
$1.06
Previous year: $1.45
-26.9%
Efficiency Ratio
59.88%
Previous year: 54.26%
+10.4%
Return on Avg. Assets
0.83%
Previous year: 1.29%
-35.7%
Tier 1 Capital Ratio
12.06%
Previous year: 12.18%
-1.0%
Cash and Equivalents
$279M
Previous year: $559M
-50.0%
Free Cash Flow
$25.4M
Previous year: $27.6M
-7.8%
Total Assets
$20.6B
Previous year: $18.1B
+13.9%

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.