Bank of Hawaii(US:BOH)2026-01-26 14:19Financial Performance - Diluted earnings per common share for the full year 2025 was $4.63, up 33.8% from $3.46 in 2024[3] - Net income for the full year 2025 was $205.9 million, an increase of 37.3% from the previous year[3] - Net income for the twelve months ended December 31, 2025, reached $205,902,000, representing a 37.3% increase compared to $149,994,000 in the prior year[30] - Net income for Q4 2025 reached $60,935, representing a 14.8% increase from $53,345 in Q3 2025 and a 55.5% increase from $39,162 in Q4 2024[36] - Basic earnings per common share for the three months ended December 31, 2025, was $1.40, up 15.7% from $1.21 in the previous quarter and 62.8% from $0.86 year-over-year[30] - Basic earnings per common share for Q4 2025 were $1.40, compared to $1.21 in Q3 2025 and $0.86 in Q4 2024, reflecting a year-over-year increase of 62.8%[35] - Comprehensive income for the twelve months ended December 31, 2025, was $304,853, compared to $203,293 for the same period in 2024, showing a significant increase of 50%[36] Income and Revenue - Net interest income for Q4 2025 was $145.4 million, up 6.4% from the linked quarter and up 21.0% year-over-year[7] - Net interest income for the three months ended December 31, 2025, was $145,374,000, an increase of 6.2% from $136,675,000 in the previous quarter and 21% from $120,178,000 year-over-year[30] - Total noninterest income for the twelve months ended December 31, 2025, was $179,090,000, up 3.3% from $172,529,000 in the previous year[30] - Noninterest income was $44.3 million in Q4 2025, a decrease of 3.7% from the linked quarter but an increase of 2.8% year-over-year[10] - Noninterest income for Q4 2025 was $44,271, slightly down from $45,966 in Q3 2025 but up from $43,047 in Q4 2024[35] - Total interest income for the twelve months ended December 31, 2025, was $887,823, compared to $863,751 for the same period in 2024, reflecting a year-over-year increase of 2.8%[35] Assets and Deposits - Total assets as of December 31, 2025, were $24,176,364,000, an increase from $24,014,609,000 in the previous quarter[30] - Total deposits reached $21.2 billion at December 31, 2025, an increase of 0.5% from the linked quarter and 2.7% year-over-year[20] - Total deposits as of December 31, 2025, were $21,188,495,000, up from $21,080,669,000 in the previous quarter[30] - Total deposits increased to $21,188,495 thousand as of December 31, 2025, up from $21,080,669 thousand on September 30, 2025, representing a growth of 0.52%[48] - Average total deposits for the quarter ending December 31, 2025, were $20,980,199 thousand, compared to $21,068,286 thousand in the previous quarter, indicating a decrease of 0.42%[49] Capital and Ratios - The Tier 1 Capital Ratio was 14.49% at December 31, 2025, up from 14.34% at September 30, 2025[22] - The common equity tier 1 capital ratio as of December 31, 2025, was 12.13%, compared to 11.98% in the previous quarter[34] - The efficiency ratio improved to 57.75% for the three months ended December 31, 2025, compared to 61.53% in the previous quarter and 66.12% year-over-year[30] - Return on average assets increased to 1.01% in Q4 2025, up from 0.88% in Q3 2025[53] - Return on average shareholders' equity improved to 13.33% in Q4 2025, compared to 12.10% in Q3 2025[53] Loans and Credit Quality - Total loans and leases were $14.1 billion at December 31, 2025, flat compared to the same period last year[19] - The total loans and leases as of December 31, 2025, amounted to $14.082 billion, a slight increase from $14.022 billion in the previous quarter and a slight increase from $14.076 billion a year ago[47] - Non-performing assets decreased to $14,171,000 as of December 31, 2025, from $16,864,000 in the previous quarter[30] - The ratio of non-performing assets to total loans and leases was 0.10% as of December 31, 2025, unchanged from the previous quarter[50] - Total non-accrual loans and leases decreased to $13,876 thousand as of December 31, 2025, from $16,739 thousand on September 30, 2025, a decline of 17.00%[50] - The provision for credit losses for the twelve months ended December 31, 2025, was $11,500, compared to $11,150 for the same period in 2024, indicating a slight increase[35] Shareholder Actions - Share repurchases resumed in Q4 2025, with 76.5 thousand shares repurchased at a total cost of $5.0 million[23] - Cash dividends declared for common stock were $112.956 million at a rate of $2.80 per share for the year ended December 31, 2025[39] - The company repurchased common stock under its share repurchase program amounting to $5.001 million in 2025[39] - Total shareholders' equity as of December 31, 2025, was $1,851,212, up from $1,791,183 as of September 30, 2025, reflecting a growth of 3.35%[38] - Total shareholders' equity as of December 31, 2025, increased to $1.851 billion from $1.667 billion in 2024, reflecting a growth of about 11%[39]