Company: BOH
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000046195-25-000037
Chunk: 74

Company: BANK OF HAWAII CORP
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 1
Chunk 74
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 and condominium sales decreased 3.0% compared to the same period in 2024. Inventory of single-family homes and condominiums on Oahu was 3.4 months and 6.4 months, respectively, for the third quarter of 2025.

Earnings Summary

Net income for the third quarter of 2025 was $53.3 million, an increase of $13.0 million, or 32%, compared to the same period in 2024. Diluted earnings per common share was $1.20 for the third quarter of 2025, an increase of $0.27, or 29%, compared to the same period in 2024.

•The return on average common equity for the third quarter of 2025 was 13.59% compared with 11.50% in the same quarter of 2024.

•Net interest income for the third quarter of 2025 was $136.7 million, an increase of 16% compared to the same period last year. 

•Net interest margin was 2.46% in the third quarter of 2025, an increase of 28 basis points from the same period in 2024. 

•The provision for credit losses for the third quarter of 2025 and 2024 was $2.5 million and $3.0 million, respectively.

•Noninterest income was $46.0 million in the third quarter of 2025, an increase of 2% compared to the same period last year. 

•Noninterest expense was $112.4 million in the third quarter of 2025, an increase of 5% compared to the same period last year. 

•The effective tax rate for the third quarter of 2025 was 21.3% compared with 23.3% compared to the same period last year.

The balance sheet remained stable during the third quarter of 2025. Compared to December 31, 2024, we experienced a modest decline in loans, while investments and deposits increased.

•Total assets were $24.0 billion as of September 30, 2025, an increase of 1.8% from December 31, 2024.

•Total loans and leases were $14.0 billion as of September 30, 2025, a decrease of 0.4% from December 31, 2024.

•The allowance for credit losses on loans and leases was $148.8 million as of