Company: BOH
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000046195-25-000037
Chunk: 229

Company: BANK OF HAWAII CORP
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 2
Chunk 229
---
1,079 (31)(2.9)3,154 3,212 (58)(1.8)Broker's Charges706 562 144 25.6 1,956 1,373 583 42.5 Other7,918 7,528 390 5.2 25,043 22,718 2,325 10.2 Total Other Expense15,132 14,748 384 2.6 46,423 43,207 3,216 7.4 Total Noninterest Expense$112,387 $107,092 $9,958 9.3 %$333,629 $322,177 $27,891 8.7 %

Total salaries and benefits expense increased by $4.3 million or 7.3% in the third quarter of 2025 compared to the same period last year, primarily due to increases in base salaries and separation expense, partially offset by lower incentive compensation. Total salaries and benefits expense increased by $13.2 million or 7.6% for the first nine months of 2025, compared to the same period last year, primarily due to increases in base salaries, incentive compensation, medical, dental, and life insurance and separation expense.

Data processing fees increased by $0.9 million or 18.9% in the third quarter of 2025 and by $2.1 million or 14.8% for the first nine months of 2025 compared to the same periods last year, primarily due to an increase in data service fees, our online banking platform, and an increase in debit card transactions.

Professional fees decreased by $0.7 million or 14.9% in the third quarter of 2025 and by $1.8 million or 12.4% for the first nine months of 2025 compared to the same periods last year, primarily due to a decrease in consulting and outsourcing costs incurred.

FDIC insurance expense decreased by $5.3 million or 37.8% for the first nine months of 2025 compared to the same period last year, primarily due to a partial recovery of the FDIC special assessment in 2025.

Other expense increased by $2.3 million or 10.2% for the first nine months of 2025 compared to the same period last year, primarily due to an increase in operational losses, telephone charges, and travel expenses.