Company: BOH
Filing Date: 2025-03-04
Form Type: 10-K
Source: 0000950170-25-031193
Chunk: 221

Company: BANK OF HAWAII CORP
Filing Date: 2025-03-04
Form: 10-K
Item: Item 7
Chunk 221
---
1,811,943

    $
    1,503,784

    Risk-Weighted Assets
     
    $
    14,225,908

    $
    14,226,780

    $
    14,238,798

    $
    12,236,805

    $
    11,295,077

    Key Regulatory Capital Ratios

    Common Equity Tier 1 Capital Ratio

    11.59
    %

    11.33
    %

    10.92
    %

    12.12
    %

    12.06
    %

    Tier 1 Capital Ratio

    13.95

    12.56

    12.15

    13.56

    12.06

    Total Capital Ratio

    15.00

    13.60

    13.17

    14.81

    13.31

    Tier 1 Leverage Ratio

    8.31

    7.51

    7.37

    7.32

    6.71

1.Includes unrealized gains and losses on investment securities, minimum pension liability adjustments, and common stock issuances under share-based compensation and related tax impact.

As of December 31, 2024, shareholders’ equity was $1.7 billion, an increase of $253.5 million or 18% from the prior year. For 2024, the increase was attributed to net income of $150.0 million, net preferred stock issuance of $160.6 million, other comprehensive income of $53.3 million, share-based compensation of $14.4 million, and common stock issuances of $5.4 million offset by cash dividends of $112.3 million paid on common stock shares, cash dividends of $12.6 million paid on preferred stock shares, and common stock repurchases of $5.3 million related to taxes withheld for share based compensation. Cash dividends on preferred stock increased in 2024 compared to the prior year due to the payment of dividends beginning in June 2024 on the Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B.

No shares of common stock were repurchased under our share repurchase program in 2024. From the beginning of our share repurchase program in July 2001 through December 31, 2024, we repurchased a total of