Company: BOH
Filing Date: 2025-07-28
Form Type: 10-Q
Source: 0001628280-25-036240
Chunk: 223

Company: BANK OF HAWAII CORP
Filing Date: 2025-07-28
Form: 10-Q
Item: Part I, Item 2
Chunk 223
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4,039 3,634 405 11.1 Merchant Transaction and Card Processing Fees1,685 1,645 40 2.4 3,426 3,310 116 3.5 Delivery and Postage Services1,665 1,749 (84)(4.8)3,345 3,381 (36)(1.1)Mileage Program Travel1,044 1,030 14 1.4 2,105 2,133 (28)(1.3)Broker's Charges651 446 205 46.0 1,250 811 439 54.1 Other8,719 7,864 855 10.9 17,126 15,190 1,936 12.7 Total Other Expense15,640 14,435 1,205 8.3 31,291 28,459 2,832 10.0 Total Noninterest Expense$110,783 $109,226 $7,037 6.4 %$221,242 $215,085 $17,933 8.3 %

Total salaries and benefits expense increased by $4.3 million or 7.5% in the second quarter of 2025, primarily due to an increase in incentive compensation, base salaries, and separation expense. Total salaries and benefits expense increased by $8.9 million or 7.8% for the first six months ended June 30, 2025, compared to the same period in 2024 primarily due to an increase in incentive compensation, medical, dental, and life insurance, and base salaries.

Data processing fees increased by $0.7 million or 15.0% in the second quarter of 2025 and by $1.2 million or 12.7% for the first six months of 2025 compared to the same periods in 2024, primarily due to an increase in data service fees, the commencement of amortization of our online banking platform, and an increase in debit card transactions.

Professional fees decreased by $0.7 million or 13.5% in the second quarter of 2025 and by $1.1 million or 11.2% for the first six months of 2025 compared to the same periods in 2024, primarily due to a decrease in consulting fees and reduction in outsourcing of various support