Company: BOH
Filing Date: 2025-03-04
Form Type: 10-K
Source: 0000950170-25-031193
Chunk: 220

Company: BANK OF HAWAII CORP
Filing Date: 2025-03-04
Form: 10-K
Item: Item 7
Chunk 220
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 to ensure capital adequacy. Capital ratios are calculated using the regulatory capital rule that allows a five-year transition period related to the adoption of CECL. As of December 31, 2024, the Company’s capital levels remained characterized as “well-capitalized.” There have been no conditions or events since December 31, 2024, that management believes have changed either the Company’s or the Bank’s capital classifications. The Company’s regulatory capital ratios are presented in Table 22 below.

48

Table 22 presents a five-year history of activities and balances in our capital accounts, along with key capital ratios.

    Shareholders’ Equity and Regulatory Capital

    Table 22

    December 31,

    (dollars in thousands)
     
    2024

    2023

    2022

    2021

    2020

    Change in Shareholders' Equity

    Net Income
     
    $
    149,994

    $
    171,202

    $
    225,804

    $
    253,372

    $
    153,804

    Cash Dividends Paid on Common Shares

    (112,313
    )

    (111,795
    )

    (112,557
    )

    (110,633
    )

    (107,434
    )

    Cash Dividends Paid on Preferred Shares

    (12,644
    )

    (7,877
    )

    (7,877
    )

    (2,975
    )

    —

    Dividend Reinvestment Program

    4,246

    4,535

    4,680

    4,835

    5,012

    Preferred Stock Issued, Net

    160,614

    —

    —

    175,487

    —

    Common Stock Repurchased

    (5,302
    )

    (14,290
    )

    (55,063
    )

    (31,258
    )

    (18,006
    )

    Other 1

    68,937

    55,472

    (349,603
    )

    (51,724
    )

    54,299

    Increase (Decrease) in Shareholders' Equity
     
    $
    253,532

    $
    97,247

    $
    (294,616