Bank of Hawaii Reports Q2 Net Income of $47.6 Million, Exceeding Analyst Expectations

Bank of Hawaii reported Q2 net income of $47.6 million, beating analyst expectations of $1.04 per share. The bank's revenue net of interest expense was $174.5 million, also exceeding forecasts. The company's shares have fallen nearly 8% since the beginning of the year and 5% in the last 12 months.

HONOLULU, July 2, 2025 -- Bank of Hawaii Corporation (NYSE: BOH) reported its second quarter 2025 financial results today, showing a net income of $47.6 million, which exceeded analyst expectations of $1.04 per share. The bank's revenue net of interest expense was $174.5 million, also surpassing forecasts.

The company reported diluted earnings per common share of $1.06, up from $0.97 in the previous quarter and $0.81 in the same period last year. Net interest income for the quarter stood at $129.7 million, an increase of 3.1% from the previous quarter and 12.9% from the same period last year. The net interest margin was 2.39%, an increase of 7 basis points from the previous quarter and 24 basis points from the same period last year.

Peter Ho, Chairman and CEO of Bank of Hawaii, commented, "Bank of Hawaii continued to perform well during the second quarter of 2025. Our net interest income and net interest margin expanded for the fifth consecutive quarter. Average deposit balances grew while average loan balances held steady. Our credit quality remained excellent, and we continued to maintain our disciplined approach to expense management."

Noninterest income for the quarter was $44.8 million, up 1.7% from the previous quarter and 6.4% from the same period last year. Noninterest expense was $110.8 million, up 0.3% from the previous quarter and 1.4% from the same period last year. The effective tax rate was 21.19%, down from 21.67% in the previous quarter and 24.77% in the same period last year.

The company's capital levels remain well above regulatory minimums. The Tier 1 Capital Ratio was 14.17%, up from 13.93% in the previous quarter and 13.96% in the same period last year. The Tier 1 Leverage Ratio was 8.46%, up from 8.36% in the previous quarter and 8.37% in the same period last year.

Despite the strong financial performance, Bank of Hawaii's shares have fallen nearly 8% since the beginning of the year and 5% in the last 12 months. The company's Board of Directors declared a quarterly cash dividend of $0.70 per share, payable on September 15, 2025.

References:
[1] https://www.stocktitan.net/news/BOH/bank-of-hawai-i-corporation-second-quarter-2025-financial-sperv18sinw1.html