Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended June 30, 2021 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition Hawaii 96813 (ZipCode) period from to Commission File Number: 1-6887 BANK OF HAWAII CORP (Exact name of registrant as specified in its charter) Delaware ...

Financial Data and Key Metrics Changes - Net income for Q1 2021 was $59.9 million or $1.50 per share, an increase from $42.3 million in Q4 2020 and $34.7 million in Q1 2020 [18] - Total deposits increased by $1.3 billion or 7.4% linked quarter and $3.5 billion or 22% year-over-year [15] - Net interest income for Q1 2021 was $120.6 million, up from $119.5 million in Q4 2020 but down from $126 million in Q1 2020 [18] - Return on assets was 1.15%, return on equity was 17.65%, and efficiency ratio was 60.45% [25] Business Line Data and Key Metrics Changes - Total loans increased by $201 million or 1.7% linked quarter and $788 million or 6.9% year-over-year [17] - Noninterest income totaled $43 million in Q1 2021, down from $45.3 million in Q4 2020 and $46.1 million in Q1 2020 [19] - Mortgage banking revenue is expected to decrease due to higher interest rates, but this will be offset by increasing deposit fees and other service charges [20] Market Data and Key Metrics Changes - Unemployment in Hawaii decreased to about 9% as of Q1 2021, down from 10.9% in December 2020 [7] - The real estate market in Hawaii showed strong performance, with single-family home prices up 17.3% year-to-date [11] - Visitor arrivals to Hawaii are beginning to pick up, with expectations of reaching 2/3 of historic levels by year-end [13] Company Strategy and Development Direction - The company is focusing on digital banking efforts to enhance customer experience and service delivery [34] - Investments in digital platforms and e-commerce are expected to create operating leverage and improve efficiency [39] - The company plans to maintain a strong capital position while exploring options for share repurchases in the future [43] Management Comments on Operating Environment and Future Outlook - Management noted that conditions in Hawaii are improving, particularly in tourism and real estate markets [5] - The company anticipates stronger commercial loan growth in the second half of the year as economic conditions improve [50] - Management expressed optimism about the recovery of the hospitality sector and its impact on fee revenue [47] Other Important Information - The effective tax rate for Q1 2021 was 24.09%, with expectations of approximately 24% for the year [24] - The company maintained strong risk-based capital levels, with CET1 and Tier 1 capital ratios increasing to 12.35% [27] - The Board declared a dividend of $0.67 per share for Q2 2021 [27] Q&A Session Summary Question: Capital management and balance sheet - Management acknowledged the pressure on capital due to significant deposit growth and is exploring options to manage the balance sheet effectively [42][44] Question: Expense guidance clarification - The expense guidance of $385 million includes onetime items and reflects a positive outlook for the year [46] Question: Expectations for inbound tourism and fee revenue - Management expects a faster rebound in tourism than previously anticipated, which will positively impact fee revenue and loan growth [48][50] Question: PPP balances and forgiveness - The company originated approximately $260 million in new PPP loans in 2021, with expectations for forgiveness to accelerate in the coming quarters [52][60] Question: M&A strategy - Management reiterated a commitment to organic growth rather than pursuing M&A opportunities, despite having a strong stock currency [73]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended March 31, 2021 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition | --- | --- | --- | --- | --- | --- | |-----------------------------------------------------------------------|----------|------------------------------ ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the fiscal year ended December 31, 2020 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from to Commission File Number: 1-6887 BANK OF HAWAII CORP (Exact name of registrant as specified in its charter) Honolulu (City) Delaware 99-0148992 ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended September 30, 2020 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition | --- | --- | --- | --- | --- | --- | |-------------------------------------------------------------|-------|--------------------------------------| ...

Bank of Hawaii Corporation (NYSE:BOH) Q3 2020 Earnings Conference Call October 26, 2020 2:00 PM ET Company Participants Cindy Wyrick - Director, IR Peter Ho - Chairman, President and CEO Mary Sellers - Vice Chairman and Chief Risk Officer Dean Shigemura - Vice Chairman and CFO Janelle Higa - Vice president and Segment Finance Officer Conference Call Participants Ebrahim Poonawala - Bank of America Merrill Lynch Jeff Rulis - D. A. Davidson. Jackie Bohlen - KBW Andrew Liesch - Piper Sandler Laurie Hunsicker ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended June 30, 2020 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from to Commission File Number: 1-6887 BANK OF HAWAII CORP (Exact name of registrant as specified in its charter) HonoluluHawaii (City)(State) 130 ...

Financial Data and Key Metrics Changes - Net income for Q2 2020 was $38.9 million or $0.98 per share, with net interest income reported at $126.7 million, up $700,000 from the previous quarter and up $2.6 million year-over-year [40][41] - The effective tax rate for Q2 was 20.05%, estimated to be approximately 20% to 21% for the remainder of the year [44] - Return on assets was 0.82%, return on equity was 11.58%, and efficiency ratio was 50% [45] Business Line Data and Key Metrics Changes - The loan portfolio net of PPP balances totaled $11.3 billion, with 60% consumer and 40% commercial loans [22] - Non-performing assets totaled $22.7 million, up $2.1 million from Q1 and up $900,000 year-over-year [24] - The second quarter loan growth was 4%, driven by $543 million of PPP loans, with modest growth of $16 million excluding PPP [32] Market Data and Key Metrics Changes - Unemployment in Hawaii rose from 2.4% in March to 23.8% in April, then improved to 13.9% due to partial reopening and federal stimulus [18][20] - GDP and personal income forecasts for 2020 show declines of 11% and 5% respectively [21] Company Strategy and Development Direction - The company continues to focus on digital banking, with significant increases in mobile deposit growth of 36% and online mortgage applications up 142% year-to-date [14] - The company is committed to maintaining solid financial results while fortifying its balance sheet against credit losses [17] - Future investments in digital platforms are expected to generate revenue and improve efficiency [91][92] Management's Comments on Operating Environment and Future Outlook - Management noted that the recovery path is uncertain, with tourism expected to gradually reopen late in Q3 2020 [50] - The company is well-positioned with solid credit statistics and robust liquidity and capital levels [21] - Management expressed cautious optimism about the local economy's resilience, contingent on federal stimulus and the control of infection rates [68][70] Other Important Information - The company provided payment relief to over 17,000 customer accounts, totaling $1.9 billion or 16% of total loans [27] - The investment portfolio increased by $300 million to $6 billion, maintaining high credit quality with 95% in AAA rated securities [37] Q&A Session Summary Question: What are the forecasts for tourism reopening and reserve build? - Management indicated that tourism is expected to open gradually late in Q3, with occupancy levels projected at 40% to 50% of pre-pandemic levels [50][51] Question: How will PPP loans affect liquidity and cash balances? - Management expects PPP loans to run off, with cash deposits decreasing as loans are repaid [52] Question: What is the outlook for non-interest income and service charges? - Non-interest income is expected to be lower due to reduced customer activity, with a potential recovery as economic activity increases [76] Question: How does the company view the resilience of the Hawaiian economy? - Management believes that the local economy can withstand challenges without immediate shutdowns, but full recovery will depend on the resumption of tourism [70] Question: What is the company's strategy regarding digital investments? - The company plans to continue investing in digital platforms to enhance revenue and efficiency, adapting to changing customer behaviors [91][92]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended March 31, 2020 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from to Commission File Number: 1-6887 BANK OF HAWAII CORP (Exact name of registrant as specified in its charter) HonoluluHawaii (City)(State) 13 ...

Bank of Hawaii Corporation (NYSE:BOH) Q1 2020 Earnings Conference Call April 14, 2020 2:00 PM ET Company Participants Cindy Wyrick - Director, IR Peter Ho - Chairman, President and CEO Dean Shigemura - Vice Chairman and CFO Mary Sellers - Vice Chairman and Chief Risk Officer Conference Call Participants Ebrahim Poonawala - Bank of America Merrill Lynch Casey Haire - Jefferies Jeff Rulis - D. A. Davidson. Jackie Bohlen - KBW Laurie Hunsicker - Compass Point Operator Ladies and gentlemen, thank you for standi ...