Group 1 - The article does not provide any specific content or key points related to a company or industry [1]

Financial Data and Key Metrics Changes - Fully diluted earnings per share were $1.20, a 29% increase year-over-year and a 13% increase from the previous quarter [3] - Net interest margin improved for the sixth consecutive quarter, rising by seven basis points to 2.46% [3] - Return on common equity improved to 13.6% for the quarter [3] - Average deposits increased by 7% annualized [3] Business Line Data and Key Metrics Changes - Average balance of deposits contributed to the growth in net interest income, which increased by $7 million [15] - Noninterest income rose to $46 million, up from $44.8 million in the previous quarter, driven by higher customer derivative activity and trust earnings [19] - Noninterest expense was $112.4 million, compared to $110.8 million in the prior quarter, influenced by a severance-related charge [20] Market Data and Key Metrics Changes - Bank of Hawaii advanced its number one deposit market share position in Hawaii by 40 basis points as of June 30, 2025 [4] - The loan portfolio is predominantly secured, with 86% of the consumer portfolio consisting of residential mortgage or home equity [9] - The commercial real estate portfolio is well diversified, with no sector representing more than 7% of total loans [10] Company Strategy and Development Direction - The company aims to leverage its dominant market position and brand strength to build wealth market share, particularly in the affluent segment [6][7] - A partnership with Saterra is expected to modernize the broker-dealer platform, enhancing client experience and attracting advisors [7] - The company is focused on improving coordination between commercial and wealth teams to drive cross-marketing opportunities [7] Management's Comments on Operating Environment and Future Outlook - Management anticipates further expansion of net interest margin for several quarters moving forward [5] - The outlook for loan growth remains in the low single digits, with expectations for improvement in the pipeline [32] - Management is optimistic about the potential for capital deployment into share repurchases in the near future [42] Other Important Information - The allowance for credit losses on loans and leases ended the quarter at $148.8 million, with a ratio of 1.06% [14] - The company declared a dividend of $0.70 per common share for the fourth quarter of 2025 [24] Q&A Session Summary Question: Spot rate on total deposits - Total spot rate on deposits is 154 basis points [27] Question: Outlook for achieving 3% NIM - Management believes a 25 basis point increase in NIM per year is reasonable, with potential upside as Fed Funds rates decrease [30][31] Question: Commentary on loan growth outlook - Management expects low single-digit growth to continue, with Q4 anticipated to be better than Q3 [32][33] Question: Changes in wealth management strategy - The partnership with Saterra is progressing well, and the company is focused on enhancing client experience and attracting top advisors [36][38] Question: Capital return and buyback plans - Management is considering share repurchases and is satisfied with current capital levels [41][42] Question: Impact of de-risking on growth - De-risking has not been a headwind for growth, and current portfolios are not expected to impede future growth [46] Question: Expense growth outlook for 2026 - Expected expense growth for 2026 is projected to be in the 3% range [50]

Bank of Hawaii (NYSE:BOH) Q3 2025 Earnings Call October 27, 2025 02:00 PM ET Company ParticipantsJared Shaw - Managing DirectorPeter Ho - Chairman and CEOBrad Satenberg - CFOChang Park - SVP and IR DirectorBrad Shairson - Chief Risk OfficerKelly Motta - Director of Equity ResearchMatthew Clark - Pincipal of Equity ResearchConference Call ParticipantsJeff Rulis - Managing Director and Senior Research AnalystOperatorGood day and thank you for standing by. Welcome to the Bank of Hawaii Corporation third quarte ...

Financial Data and Key Metrics Changes - Fully diluted earnings per share were $1.2, a 29% increase year-over-year and a 13% increase from the previous quarter [4] - Net interest margin improved for the sixth consecutive quarter, up seven basis points to 2.46% [5] - Return on common equity improved to 13.6% for the quarter [5] - Net income for the quarter was $53.3 million, an increase of $5.7 million compared to the linked quarter [20] Business Line Data and Key Metrics Changes - Average deposits increased by 7% annualized, while end-of-period loans increased modestly [5] - Consumer loans represented over half of total loans at 57%, amounting to $7.9 billion [12] - Commercial loans totaled $6.1 billion, accounting for 43% of total loans [13] Market Data and Key Metrics Changes - Bank of Hawaii advanced its number one deposit market share position in Hawaii by 40 basis points as of June 30, 2025 [6] - The bank's market share has grown by 600 basis points since 2005, outperforming competitors in Hawaii [6] Company Strategy and Development Direction - The company aims to leverage its dominant market position and brand strength to build wealth market share, particularly in the affluent segment [9][10] - A partnership with Saterra is expected to modernize the broker-dealer platform, enhancing client experience and investment products [10] - The bank is focused on improving coordination between commercial and wealth teams to drive cross-marketing opportunities [11] Management's Comments on Operating Environment and Future Outlook - Management anticipates continued expansion of net interest margin and expects to achieve $250 million by year-end [35] - The outlook for loan growth remains in the low single digits, with expectations for improvement in the fourth quarter [38] - Management is optimistic about the potential for further NIM improvement as Fed funds rates decrease [36] Other Important Information - Non-interest income increased to $46 million during the quarter, driven by higher customer derivative activity and elevated loan fees [25] - The company recorded a provision for credit losses of $2.5 million, down from $3.3 million in the linked quarter [28] - Capital ratios remained above regulatory thresholds, with Tier one capital improving to 14.3% [29] Q&A Session Summary Question: Spot rate on total deposits - The total spot rate on deposits is 154 basis points [33] Question: Timeline for achieving 3% NIM - Management believes a 25 basis point pickup in NIM per year is reasonable, with potential upside from Fed funds rate reductions [36][37] Question: Outlook for loan growth - The guidance for loan growth remains in the low single digits, with expectations for improvement in the pipeline [38] Question: Changes on the wealth side - The partnership with Saterra is in production, aiming to enhance client experience and attract top advisors [44][46] Question: Capital return and buybacks - Management is likely to engage in share repurchases in the current quarter and into next year, given the current capital levels [51][52]

Financial Data and Key Metrics Changes - Fully diluted earnings per share increased to $1.20, a 29% rise year-over-year and a 13% increase from the previous quarter [3] - Net interest margin improved for the sixth consecutive quarter, rising by seven basis points to 2.46% [3] - Return on common equity improved to 13.6% for the quarter [3] - Average deposits increased by 7% annualized [3] Business Line Data and Key Metrics Changes - Average balance of deposits contributed to the growth in net interest income, which increased by $7 million [14] - Consumer loans represented over half of total loans at 57%, amounting to $7.9 billion, with a focus on secured lending [8] - Commercial loans totaled $6.1 billion, with 73% secured by real estate [8] Market Data and Key Metrics Changes - Bank of Hawaii advanced its number one deposit market share position in Hawaii by 40 basis points as of June 30, 2025 [4] - The bank's market share has grown by 600 basis points since 2005, outperforming competitors in Hawaii [4] Company Strategy and Development Direction - The company aims to leverage its strong brand and market position to enhance its wealth management segment, which has lagged in growth [5][6] - A partnership with Saterra is expected to modernize the broker-dealer platform, enhancing client experience and attracting advisors [6] - The bank is focused on improving coordination between commercial and wealth teams to capitalize on cross-marketing opportunities [6] Management's Comments on Operating Environment and Future Outlook - Management anticipates further expansion of net interest margin in the coming quarters [5] - The bank's credit quality remains strong, with a diversified portfolio and low delinquency rates [11] - The outlook for loan growth is expected to remain in the low single digits, with improving pipelines [30] Other Important Information - Noninterest income increased to $46 million, driven by higher customer derivative activity and trust earnings [18] - The bank's capital ratios remain above regulatory thresholds, with Tier-One Capital at 14.3% [22] - A dividend of $0.70 per common share was declared for the fourth quarter of 2025 [23] Q&A Session Summary Question: Spot rate on total deposits - The total spot rate on deposits is 154 basis points [25] Question: Outlook for net interest margin (NIM) - Management believes achieving a 3% NIM is possible, with a projected increase of 25 basis points per year [26][28] Question: Loan growth outlook - The guidance for loan growth remains in the low single digits, with expectations for improvement in Q4 [30] Question: Wealth management strategy - The partnership with Saterra is progressing well, and the bank is focused on enhancing client experience and attracting top advisors [32][34] Question: Capital return and buybacks - The bank is considering share repurchases and is satisfied with current capital levels [37][38] Question: Credit quality in the office sector - A reduction in loans in the Central Business District was due to exiting a non-core relationship [44]

Bank of Hawai'i Corporation third quarter 2025 financial report forward-looking statements October 27, 2025 this presentation, and other statements made by the Company in connection with it, may contain forward-looking statements concerning, among other things, forecasts of our financial results and condition, expectations for our operations and business prospects, and our assumptions used in those forecasts and expectations. we have not committed to update forward-looking statements to reflect later events ...

Financial Performance - Diluted earnings per common share for Q3 2025 were $1.20, up 13.2% from the linked quarter and up 29.0% from the same period last year[2] - Net income for Q3 2025 was $53.3 million, representing a 12.0% increase from the linked quarter and a 32.2% increase year-over-year[2] - Net income for the three months ended September 30, 2025, was $53,345,000, representing a 12.5% increase from $47,637,000 in the previous quarter and a 32.2% increase from $40,358,000 year-over-year[28] - Basic earnings per common share for the three months ended September 30, 2025, was $1.21, compared to $0.94 in the same quarter last year, representing a growth of 29%[34] - Net income available to common shareholders for Q3 2025 was $48.1 million, up from $36.9 million in Q3 2024, representing a year-over-year increase of 30.0%[55] Income and Expenses - Net interest income for Q3 2025 was $136.7 million, an increase of 5.4% from the linked quarter and 16.2% from the same period last year[4] - Noninterest income was $46.0 million in Q3 2025, a 2.6% increase from the linked quarter and a 1.9% increase year-over-year[8] - Noninterest expense was $112.4 million in Q3 2025, up 1.4% from the linked quarter and up 4.9% from the same period last year[9] - Total noninterest income for the three months ended September 30, 2025, was $45,966,000, a slight increase from $44,795,000 in the previous quarter and comparable to $45,110,000 in the same period last year[28] - Total noninterest expense for the three months ended September 30, 2025, was $112,387,000, an increase from $107,092,000 in the same quarter last year, indicating a rise of 5%[34] Assets and Liabilities - Total assets were $24.0 billion at September 30, 2025, an increase of 1.3% from June 30, 2025[15] - Total loans and leases were $14.0 billion at September 30, 2025, a slight increase of 0.1% from the linked quarter[17] - Total deposits were $21.1 billion at September 30, 2025, an increase of 1.4% from June 30, 2025[18] - Total assets as of September 30, 2025, were $24,014,609,000, compared to $23,799,174,000 as of September 30, 2024[54] - Total deposits increased to $21.1 billion in Q3 2025, up from $21.0 billion in Q3 2024, showing a growth of 0.3%[55] Capital and Ratios - The Tier 1 Capital Ratio was 14.34% at September 30, 2025, up from 14.17% at June 30, 2025[20] - The tangible common equity to tangible assets ratio was 5.90% as of September 30, 2025, compared to 5.77% in the previous quarter and 5.48% year-over-year[31] - The return on average assets was 0.88% for the three months ended September 30, 2025, up from 0.81% in the previous quarter and 0.69% in the same period last year[28] - The return on average shareholders' equity increased to 12.10% for the three months ended September 30, 2025, compared to 11.21% in the previous quarter and 9.90% year-over-year[28] Credit Quality - The provision for credit losses decreased to $2,500,000 for the three months ended September 30, 2025, down from $3,250,000 in the previous quarter and $3,000,000 in the same period last year[28] - Non-performing assets totaled $16,864 as of September 30, 2025, a decrease from $17,881 in June 2025, representing a reduction of approximately 5.67%[52] - The ratio of non-performing assets to total loans and leases and foreclosed real estate was 0.12% as of September 30, 2025, unchanged from the previous quarter[52] - The total reserve for credit losses at the end of the period was $150,051,000, compared to $150,325,000 at the end of September 2024[53] Interest Income and Expense - Total interest income for the three months ended September 30, 2025, was $227,708,000, compared to $220,648,000 in the same quarter last year, reflecting a growth of 3%[34] - The total interest expense for the three months ended September 30, 2025, was $91,033,000, a decrease from $103,030,000 in the same quarter last year, reflecting a decline of 12%[34] - Net interest income after provision for credit losses for the nine months ended September 30, 2025, was $383,165,000, up 13% from $339,002,000 for the same period last year[34] - The total change in interest income for the three months ended September 30, 2025, was $9.2 million, with a volume increase of $5.7 million and a rate increase of $3.5 million compared to June 30, 2025[43]

For the quarter ended September 2025, Bank of Hawaii (BOH) reported revenue of $182.64 million, up 12.2% over the same period last year. EPS came in at $1.20, compared to $0.93 in the year-ago quarter.The reported revenue represents a surprise of +3.57% over the Zacks Consensus Estimate of $176.35 million. With the consensus EPS estimate being $1.13, the EPS surprise was +6.19%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determ ...

Core Insights - Bank of Hawai'i Corporation reported diluted earnings per common share of $1.20 for Q3 2025, an increase from $1.06 in the previous quarter and $0.93 in the same period last year [1] - The net income for Q3 2025 was $53.3 million, reflecting a 12.0% increase from the linked quarter and a 32.2% increase from the same period last year [1] - The return on average common equity for Q3 2025 was 13.59%, compared to 12.50% in the previous quarter [1]

Group 1 - Bank of Hawai'i Corporation will release its third quarter 2025 financial results on October 27, 2025, before the market opens [1] - The quarterly conference call will take place at 2:00 p.m. Eastern Time (8:00 a.m. Hawai'i Time) on the same day [1] - The live call will include a slide presentation and will be accessible via the investor relations link on the Company's website [1]