Financial Data and Key Metrics Changes - Bank of Hawaii achieved record net income of $253.4 million and record earnings per common share of $6.25 for 2021 [19] - Net income for the fourth quarter was $63.8 million, translating to $1.55 per common share [19] - Return on assets during the fourth quarter was 1.12%, and return on common equity was 17.4% [31] - Net interest margin in the fourth quarter was 2.34%, an increase of 2 basis points from the third quarter [31] Business Line Data and Key Metrics Changes - Core loans net of PPP waivers increased by $327 million, or 2.8% linked quarter, and by $710 million year-over-year, or 6.2% [13] - Non-interest income totaled $42.6 million in the fourth quarter, up $1.2 million from the third quarter, driven by higher deposit fees and service charges [20] - Non-interest expense in the fourth quarter totaled $101.7 million, up from $96.5 million in the third quarter [22] Market Data and Key Metrics Changes - Unemployment rate improved to about 6% as of November 2021, showing steady recovery from the distressed levels in April 2020 [7] - Single-family home sales on Oahu increased by almost 18% in 2021, with median sales price up 19.3% to $990,000 [8] - The visitor market showed strong performance, nearly reaching parity with 2019 levels during the summer of 2021 [10] Company Strategy and Development Direction - The company plans to continue strategic innovation investments, expecting total expenses to increase by 5.9% over 2021's normalized expenses [29] - The focus remains on maintaining a strong base of low-cost deposits to support growth and take advantage of rising rates [18] - The company aims to enhance market share and revenue growth through strategic initiatives [56] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the return of international travelers in the latter half of 2022, which is expected to positively impact the visitor industry [12] - The company anticipates continued improvement in core margin due to loan and deposit growth and higher interest rates [32] - Management noted that credit metrics remain strong, with a negative provision for credit losses of $9.7 million in the fourth quarter [37] Other Important Information - The company repurchased 87,000 shares of common stock for a total of $7.3 million during the fourth quarter [33] - The Board declared a dividend of $0.70 per common share for the first quarter of 2022 [33] Q&A Session Summary Question: What is the margin guidance assuming higher rates? - The company assumes three rate hikes starting in March, with a long-term outlook of about a 2% 10-year [41] Question: What is the timing of repricing for adjustable loans? - The average repricing period for adjustable loans is roughly three years, with about $400 million repricing in two years or less [42] Question: How should the tax rate be estimated for 2022? - The estimated tax rate for 2022 is expected to be around 23% [61]

Bank of Hawaii Corporation (NYSE:BOH) Q3 2021 Earnings Conference Call October 25, 2021 2:00 PM ET Company Participants Janelle Higa - Head of IR Peter Ho - Chairman, President and CEO Dean Shigemura - CFO Mary Sellers - CRO Conference Call Participants Andrew Liesch - Piper Sandler Jeff Rulis - D.A. Davidson Laurie Hunsicker - Compass Point Operator Good day, and thank you for standing by. Welcome to the Bank of Hawaii Corporation Third Quarter 2021 Earnings Conference Call. At this time, all participants ...

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, 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) Dela ...

Bank of Hawaii Corporation (NYSE:BOH) Q2 2021 Earnings Conference Call July 26, 2021 2:00 PM ET Company Participants Janelle Higa - Head of Investor Relations Peter Ho - Chairman, President and CEO Dean Shigemura - Chief Financial Officer Mary Sellers - Chief Risk Officer Conference Call Participants Ebrahim Poonawala - Bank of America Jeff Rulis - D.A. Davidson Andrew Liesch - Piper Sandler Jackie Bohlen - KBW Laurie Hunsicker - Compass Point Operator Good day, everyone, and thank you for standing by. Welc ...

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 ...