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]

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 - The loan portfolio is balanced between consumer and commercial, with consumer loans representing 57% or $7.9 billion of total loans [9] - Commercial loans accounted for $6.1 billion, or 43% of total loans, with 73% secured by real estate [9] - Noninterest income increased to $46 million during the quarter, compared to $44.8 million in the linked quarter [19] 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 the Hawaii market [4] 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 top advisors [7] - The bank is focused on improving coordination between commercial and wealth teams to capitalize on cross-marketing opportunities [7] Management's Comments on Operating Environment and Future Outlook - Management anticipates further expansion of net interest margin for several quarters [5] - The outlook for loan growth remains in the low single digits, with expectations for improvement in the pipeline [32] - The company is optimistic about the wealth management segment and plans to continue investing in talent and resources [37] 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 recorded a provision for credit losses of $2.5 million, down from $3.3 million in the previous quarter [23] - Capital ratios remained above regulatory thresholds, with tier one capital at 14.3% and total risk-based capital at 15.4% [23] Q&A Session Summary Question: Spot rate on total deposits - The spot rate on total deposits is 154 basis points [27] 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 [30] Question: Commentary on loan growth outlook - The guidance for loan growth remains in the low single digits, with expectations for improvement in Q4 [32] Question: Changes in wealth management strategy - The partnership with Saterra is progressing well, and the bank is focused on enhancing client experience and attracting top advisors [36] Question: Capital return and buybacks - The company is likely to engage in share repurchases in the current quarter and into next year [41] Question: Credit quality in the office sector - A relationship credit in the office space was exited, contributing to the reduction in Central Business District loans [55]

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]

Financial Data and Key Metrics Changes - The special resolution approving the arrangement between TELUS Digital and TELUS Corporation has passed with approximately 98% of eligible votes represented at the meeting [2][11] - The arrangement resolution requires at least two-thirds of the votes cast by holders of subordinate and multiple voting shares, along with a simple majority of subordinate voting shares, to pass [7][8] Business Line Data and Key Metrics Changes - The meeting focused on the arrangement involving TELUS Digital and TELUS Corporation, indicating a strategic shift towards integration and consolidation within the company [6][12] Market Data and Key Metrics Changes - The meeting was conducted virtually, allowing global participation from shareholders, which reflects the company's commitment to accessibility and shareholder engagement [1][2] Company Strategy and Development Direction - TELUS International aims to enhance its role as a trusted provider of digital customer experience solutions and AI innovations as it transitions to a private arm of TELUS Corporation [12] - The management expressed confidence in future prospects and a focus on delivering exceptional value for customers, team members, and communities [12] Management's Comments on Operating Environment and Future Outlook - Management highlighted the importance of shareholder support throughout the company's journey and expressed gratitude for the trust placed in them [12] - The company is excited about the opportunities ahead and is focused on driving continued innovation and growth [12] Other Important Information - The meeting was properly constituted with the necessary quorum, and the voting procedures were clearly outlined for shareholders [2][4][5] Q&A Session Summary Question: Are there any questions or comments on the motion? - There were no questions or comments from the shareholders regarding the motion [10]

Financial Data and Key Metrics Changes - The special resolution approving the arrangement between TELUS Digital and TELUS Corporation has passed with approximately 98% of eligible votes represented at the meeting [4][16] - The arrangement resolution requires at least two-thirds of votes from subordinate and multiple voting shares, along with a simple majority from subordinate voting shares, excluding certain votes [11] Business Line Data and Key Metrics Changes - No specific financial data or key metrics for individual business lines were discussed in the meeting [14] Market Data and Key Metrics Changes - No specific market data or key metrics were provided during the meeting [14] Company Strategy and Development Direction - TELUS Digital is transitioning to become a private arm of TELUS Corporation, focusing on delivering exceptional value in digital customer experience solutions and AI innovations [17] - The company expresses confidence in future prospects and aims to drive continued innovation and growth as part of TELUS [18] Management's Comments on Operating Environment and Future Outlook - Management expressed gratitude to shareholders for their support and emphasized the commitment to building on a strong foundation for future growth [17] - The management team is optimistic about the opportunities ahead as part of TELUS [18] Other Important Information - The official results of the meeting will be available on TELUS Digital's Investor Relations website and other regulatory platforms [16] Q&A Session Summary Question: Are there any questions or comments on the motion? - There were no questions or comments raised during the meeting [14]

Financial Data and Key Metrics Changes - The special resolution approving the arrangement between TELUS Digital and TELUS Corporation has passed with approximately 98% of eligible votes represented at the meeting [2][12] - The arrangement resolution requires at least two-thirds of the votes cast by holders of subordinate and multiple voting shares, along with a simple majority from subordinate voting shares, excluding certain votes [8][9] Business Line Data and Key Metrics Changes - The meeting focused on the arrangement involving TELUS Digital, which will see TELUS Corporation acquire all outstanding shares of TELUS Digital that it does not already own [7][9] Market Data and Key Metrics Changes - No specific market data or key metrics were discussed during the meeting [11] Company Strategy and Development Direction - TELUS International aims to continue as a trusted provider of digital customer experience solutions and AI innovations as part of TELUS Corporation [13] - The management expressed confidence in future prospects and a commitment to delivering exceptional value for customers, team members, and communities [13] Management's Comments on Operating Environment and Future Outlook - Management expressed gratitude to shareholders for their support and emphasized the importance of trust throughout their journey as a public company [13] - The company is excited about the opportunities ahead and plans to build on its strong foundation to drive continued innovation and growth [13] Other Important Information - The official results of the meeting will be available on the company's investor relations website and other platforms following the meeting [12] Q&A Session Summary Question: Are there any questions or comments regarding the motion? - There were no questions or comments addressed during the meeting [11]

Financial Data and Key Metrics Changes - The company reported a net income of $7.5 million for Q3 2025, representing a 65% increase compared to Q3 2024 [3][8] - The net interest income rose to $28.2 million, driven by a higher balance of average earning assets and a 17 basis point increase in asset yield [8] - The total risk-based capital ratio stood at 16.13%, and the tangible common equity (TCE) ratio was 9.72% [6] Business Line Data and Key Metrics Changes - Total loan originations reached $101 million, with $69 million in fundings, marking the largest amount since Q2 2022 [4] - The company experienced a healthy increase in commercial real estate (CRE) loan demand [4] - Non-interest income saw a decline of $370,000, primarily due to a BOLI death benefit paid in Q2 [10] Market Data and Key Metrics Changes - Total deposits increased due to higher balances from long-time clients and new relationships [5] - The cost of deposits increased by one basis point during Q3, but the spot cost of deposits declined by 4 basis points to finish at 1.25% [8][9] Company Strategy and Development Direction - The company aims to continue improving core financial performance through balance sheet growth, net interest margin expansion, and effective expense management [12] - There is a focus on adding banking talent and enhancing efficiency through technology to support future growth [12] Management's Comments on Operating Environment and Future Outlook - Management noted that while there is economic uncertainty, credit quality continues to improve, and loan demand remains healthy [12] - The loan pipeline is strong, with expectations for solid loan production in Q4 [12] Other Important Information - The board declared a cash dividend of $0.25 per share, marking the 82nd consecutive quarterly dividend [11] - The company repurchased $1.1 million of shares at prices below tangible book value [6] Q&A Session Summary Question: Thoughts on HTM securities loss trade - Management is evaluating various factors but has not made a final decision [18] Question: Updated thoughts on expenses and seasonality - Q4 is expected to resemble Q3, with payroll-related adjustments being a wildcard [19] Question: Deposit cost and margin expectations - The company is positioned for margin expansion with a focus on asset sensitivity and managing deposit costs [22][25] Question: Credit quality improvements and upgrades - Upgrades were due to improved leasing activity and specific project recoveries [27][28] Question: Loan demand and competition - There is increased loan demand, particularly in the Sacramento area, with aggressive pricing competition for high-quality deals [35][36] Question: Pipeline growth and hiring appetite - The pipeline is diverse, with a focus on opportunistic hiring to support growth [60]

Financial Data and Key Metrics Changes - The company reported a net income of $7.5 million for Q3 2025, representing a 65% increase compared to Q3 2024 [3][8] - The net interest income rose to $28.2 million, driven by a higher balance of average earning assets and a 17 basis point increase in asset yield [8] - The total risk-based capital ratio stood at 16.13%, and the tangible common equity (TCE) ratio was 9.72% [6] Business Line Data and Key Metrics Changes - Total loan originations reached $101 million, with $69 million in fundings, marking the largest amount since Q2 2022 [4] - The company experienced a healthy increase in commercial real estate (CRE) loan demand, indicating a diversified mix across various banking categories and industries [4] Market Data and Key Metrics Changes - Total deposits increased due to higher balances from long-time clients and new relationships, despite a competitive rate environment [5] - The cost of deposits increased by one basis point during Q3, but the spot cost of deposits improved, finishing at 1.25% [6][9] Company Strategy and Development Direction - The company aims to continue improving core financial performance through balance sheet growth, net interest margin expansion, and effective expense management [12] - There is a focus on adding banking talent and enhancing efficiency through technology to support future profitable growth [12] Management's Comments on Operating Environment and Future Outlook - Management noted that while there is economic uncertainty, credit quality continues to improve, and loan demand remains healthy [12] - The loan pipeline is strong, with expectations for solid loan production in Q4 2025 [12] Other Important Information - The board declared a cash dividend of $0.25 per share, marking the 82nd consecutive quarterly dividend [11] - The company repurchased $1.1 million of shares at prices below tangible book value to enhance shareholder value [6] Q&A Session Summary Question: Thoughts on HTM securities loss trade - Management is evaluating various factors but has not made a final decision [18] Question: Updated thoughts on expenses and seasonality - Q4 expenses are expected to be similar to Q3, with payroll-related adjustments being a potential wildcard [19] Question: Deposit cost and margin expectations - The company anticipates further margin expansion due to a decline in deposit costs and expects benefits from future Fed Funds rate cuts [22][25] Question: Credit quality upgrades - Upgrades were attributed to improved leasing activity and specific project recoveries, with overall positive trends in credit quality [27][28] Question: Loan demand and competition - There is increased loan demand, particularly in the Sacramento area, with aggressive pricing competition for high-quality deals [35][36] Question: Pipeline growth and hiring appetite - The pipeline is diverse, with a focus on commercial real estate and affordable housing, and there is an appetite for opportunistic hires [58][60]

Financial Data and Key Metrics Changes - The company reported a net income of $7.5 million for Q3 2025, representing a 65% increase compared to Q3 2024 [3][7] - Pre-tax pre-provision net income increased by 28% sequentially, indicating enhancements in core earnings [8] - Net interest income rose to $28.2 million, driven by a higher balance of average earning assets and a 17 basis point increase in asset yield [8] - The total risk-based capital ratio stood at 16.13%, and the tangible common equity (TCE) ratio was 9.72% [5] Business Line Data and Key Metrics Changes - Total loan originations reached $101 million, with $69 million in fundings, marking the largest amount since Q2 2022 [4] - The loan portfolio saw a healthy increase in commercial real estate (CRE) loan demand [4] - Total deposits increased due to higher balances from long-time clients and new relationships, despite a competitive rate environment [5] Market Data and Key Metrics Changes - The company experienced a competitive market environment for both pricing and structure, yet managed to add new clients [4] - The spot cost of deposits declined by 4 basis points to finish at 1.25% during the quarter [8] - The company noted a 15 basis point year-over-year decline in cost of deposits, positioning it well for future reductions [9] Company Strategy and Development Direction - The company aims to continue improving core financial performance through balance sheet growth, net interest margin expansion, and effective expense management [12] - There is a focus on adding banking talent and enhancing efficiency through technology to support profitable growth [12] - The company is exploring potential balance sheet restructurings while being sensitive to capital uses [41] Management's Comments on Operating Environment and Future Outlook - Management acknowledged economic uncertainty but highlighted improving credit quality and healthy loan demand [12] - The loan pipeline remains strong, with expectations for solid loan production in Q4 [12] - Management expressed optimism about continued improvements in financial performance despite competitive pressures [12] Other Important Information - The board declared a cash dividend of $0.25 per share, marking the 82nd consecutive quarterly dividend [11] - The company repurchased $1.1 million of shares at prices below tangible book value [5] Q&A Session Summary Question: Thoughts on HTM securities loss trade - Management continues to evaluate various factors but no final decision has been made [15] Question: Updated thoughts on expenses and seasonality - Q4 is expected to resemble Q3, with payroll-related adjustments being a potential wildcard [16] Question: Deposit cost progress and margin expectations - Management discussed asset sensitivity and the potential for margin expansion in a falling rate environment [18][22] Question: Credit quality upgrades and market conditions - Upgrades were attributed to improved leasing activity and specific project recoveries [25][26] Question: Loan demand and competition - There is increased loan demand, particularly in the Bay Area, with aggressive pricing competition for high-quality deals [30] Question: Pipeline growth and hiring appetite - The company is actively hiring and expects increased activity in regions like Sacramento [46] Question: Payoffs and paydowns in the loan portfolio - Most payoffs were due to cash de-leveraging rather than refinancing with other banks [49]