Company: BOH
Filing Date: 2025-07-28
Form Type: 10-Q
Source: 0001628280-25-036240
Chunk: 66

Company: BANK OF HAWAII CORP
Filing Date: 2025-07-28
Form: 10-Q
Item: Part I, Item 1
Chunk 66
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% compared to the same period in 2024.

•The return on average common equity for the second quarter of 2025 was 12.50% compared with 10.41% in the same quarter of 2024.

•Net interest income for the second quarter of 2025 was $129.7 million, an increase of 13% compared to the same period last year. 

•Net interest margin was 2.39% in the second quarter of 2025, an increase of 24 basis points from the same period in 2024. 

•The provision for credit losses for the second quarter of 2025 and 2024 was $3.3 million and $2.4 million, respectively.

•Noninterest income was $44.8 million in the second quarter of 2025, an increase of 6% compared to the same period last year. 

•Noninterest expense was $110.8 million in the second quarter of 2025, an increase of 1% compared to the same period last year. 

•The effective tax rate for the second quarter of 2025 was 21.19% compared with 24.77% compared to the same period last year. 

The balance sheet remained stable during the second quarter of 2025. We experienced a modest decline in loans, while deposits slightly increased.

•Total assets were $23.7 billion as of June 30, 2025, an increase of 0.5% from December 31, 2024.

•Total loans and leases were $14.0 billion as of June 30, 2025, a decrease of 0.52% from December 31, 2024.

•The allowance for credit losses on loans and leases was $148.5 million as of June 30, 2025, flat from December 31, 2024. The ratio of the allowance for credit losses to total loans and leases outstanding was 1.06% at the end of the quarter, flat from December 31, 2024.

•Net loan and lease charge-offs during the second quarter of 2025 were $2.6 million or 7 basis points annualized of total average loans and leases outstanding. Net loan and lease charge-offs for the second quarter of 2025 were comprised of charge-offs of $4.0 million partially offset by recoveries of $1.4 million. Compared to the same quarter of 2024, net