Company: BOH
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000046195-25-000037
Chunk: 207

Company: BANK OF HAWAII CORP
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 8
Chunk 207
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 unrealized gains and losses related to the Company’s reclassification of AFS investment securities to the HTM category.

Shareholders' Equity

As of September 30, 2025, shareholders’ equity was $1.8 billion, an increase of $123.4 million or 7.4% from December 31, 2024. For the first nine months of 2025, the increase was attributed to net income of $145.0 million, other comprehensive income of $67.1 million, share-based compensation of $11.7 million, and common stock issued under purchase and equity compensation plans of $3.9 million were offset by cash dividends declared of $84.7 million on common shares, cash dividends declared of $15.8 million on preferred shares, and common stock repurchased of $3.7 million related to taxes withheld for share-based compensation. 

No shares of common stock were repurchased under the share repurchase program in the third quarter of 2025. From the beginning of our share repurchase program in July 2001 through September 30, 2025, we repurchased a total of 58.2 million shares of our common stock and returned a total of $2.4 billion to our shareholders at an average cost of $41.24 per share. Remaining buyback authority under our share repurchase program was $126.0 million as of September 30, 2025. The actual amount and timing of future share repurchases, if any, will depend on market and economic conditions, regulatory rules, applicable SEC rules, and various other factors.

In October 2025, the Parent’s Board of Directors declared quarterly dividend payments of its Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A, of $10.94 per share, equivalent to $0.2735 per depositary share and its Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B, of $20.00 per share, equivalent to $0.5000 per depositary share. The dividend will be payable on November 3, 2025, to shareholders of record of the preferred stock at the close of business on October 17, 2025.

In October 2025, the Parent’s Board of Directors declared a quarterly cash dividend of $0.70 per share on the Parent’s outstanding common shares. The dividend will be payable on December 12, 2025, to shareholders of record of the common stock at the close of business