Company: BOH
Filing Date: 2025-07-28
Form Type: 10-Q
Source: 0001628280-25-036240
Chunk: 149

Company: BANK OF HAWAII CORP
Filing Date: 2025-07-28
Form: 10-Q
Item: Part I, Item 8
Chunk 149
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,5169,549221,242Income (Loss) Before Provision for Income Taxes79,35183,798(46,548)116,601Provision (Benefit) for Income Taxes20,16221,415(16,598)24,979Net Income (Loss)$59,189$62,383$(29,950)$91,622Total Assets as of June 30, 2025$8,228,766$6,139,748$9,341,238$23,709,752Six Months Ended June 30, 2024 ¹Net Interest Income (Expense)$195,199$102,378$(68,793)$228,784Provision for (Recapture of) Credit Losses5,160467(1,227)4,400Net Interest Income (Expense) After Provision for Credit Losses190,039101,911(67,566)224,384Noninterest Income65,63513,4925,24584,372Salaries and Benefits41,07410,60163,573115,248Net Occupancy13,6128686,53521,015Other Noninterest Expense115,03025,184(61,392)78,822Noninterest Expense169,71636,6538,716215,085Income (Loss) Before Provision for Income Taxes85,95878,750(71,037)93,671Provision (Benefit) for Income Taxes21,86519,895(18,563)23,197Net Income (Loss)$64,093$58,855$(52,474)$70,474Total Assets as of June 30, 2024$8,357,830$5,835,399$9,107,539$23,300,7681Certain prior period information has been reclassified to conform to current presentation.

Note 10.  Derivative Financial Instruments

The Company uses derivative instruments to manage its exposure to market risks, including interest rate risk, and to assist customers with their risk management objectives. The Company designates certain derivatives as hedging instruments in a qualifying hedge accounting relationship, while other derivatives serve as economic hedges that do not qualify for hedge accounting.The Company enters into certain interest rate swap contracts that are matched to closed portfolios of fixed-rate residential mortgage loans and available-for-sale investment securities. These contracts have been designated as hedging instruments to hedge the risk of changes in the fair value of the underlying loans or investment securities due to changes