Company: BOH
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000046195-25-000037
Chunk: 193

Company: BANK OF HAWAII CORP
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 8
Chunk 193
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20252024Dollar ChangePercent ChangeConsumer Banking$29,918 $32,993 $(3,075)(9.3)%$89,107 $97,086 $(7,979)(8.2)%Commercial Banking33,091 28,929 4,162 14.4 95,474 87,784 7,690 8.8 Total63,009 61,922 1,087 1.8 184,581 184,870 (289)(0.2)Treasury and Other(9,664)(21,564)11,900 55.2 (39,614)(74,038)34,424 46.5 Consolidated Total$53,345 $40,358 $12,987 32.2 %$144,967 $110,832 $34,135 30.8 %

Consumer Banking

Net income decreased by $3.1 million or 9% in the third quarter of 2025 compared to the same period last year, primarily due to an increase in noninterest expense and a decrease in net interest income. This was partially offset by a decrease in the provision for loan losses. Noninterest expense increased by $2.4 million or 3%, primarily due to higher salaries and benefits expense, mobile and online banking platform costs, and allocated administrative and support unit costs. Net interest income decreased by $2.0 million or 2%, primarily due to lower deposit spreads on higher deposit balances. The provision for loan losses decreased by $0.5 million or 16%, primarily due to lower net charge-offs in the auto loan portfolio.

Net income decreased by $8.0 million or 8% in the first nine months of 2025 compared to the same period last year, primarily due to a decrease in net interest income and an increase in noninterest expense. This was partially offset by an increase in noninterest income. Net interest income decreased by $6.2 million or 2%, primarily due to lower deposit spreads on higher deposit balances. Noninterest expense increased by $5.9 million or 2%, primarily due to higher salaries and benefits expense, mobile and online banking platform costs, operational losses, card production costs, and allocated administrative and support unit costs. Noninterest income increased by $1.6 million or 2%, primarily due to increases in trust and asset management income, monthly service fees, and credit card