# EDGAR Filing Document

**Accession Number:** 0000046195
**File Stem:** 0000046195-26-000004
**Filing Date:** 2026-1
**Character Count:** 110396
**Document Hash:** 57609c2fb6403421b69189696c24f3a0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000046195-26-000004.hdr.sgml**: 20260126

**ACCESSION NUMBER**: 0000046195-26-000004

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 62

**CONFORMED PERIOD OF REPORT**: 20260126

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260126

**DATE AS OF CHANGE**: 20260126

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BANK OF HAWAII CORP
- **CENTRAL INDEX KEY:** 0000046195
- **STANDARD INDUSTRIAL CLASSIFICATION:** STATE COMMERCIAL BANKS [6022]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 990148992
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-06887
- **FILM NUMBER:** 26558660

**BUSINESS ADDRESS:**
- **STREET 1:** 130 MERCHANT STREET
- **CITY:** HONOLULU
- **STATE:** HI
- **ZIP:** 96813
- **BUSINESS PHONE:** 8886433888

**MAIL ADDRESS:**
- **STREET 1:** 130 MERCHANT STREET
- **CITY:** HONOLULU
- **STATE:** HI
- **ZIP:** 96813

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PACIFIC CENTURY FINANCIAL CORP
- **DATE OF NAME CHANGE:** 19970430

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BANCORP HAWAII INC
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HAWAII BANCORPORATION INC
- **DATE OF NAME CHANGE:** 19800128

?xml version='1.0' encoding='ASCII'? boh-20260126

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D. C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**

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| | |
|:---|:---|
| Date of Report | **January 26, 2026** |
| (Date of earliest event reported) | |

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**BANK OF HAWAII CORPORATION**

(Exact name of registrant as specified in its charter)

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| | | |
|:---|:---|:---|
| **Delaware** | **1-6887** | **99-0148992** |
| (State of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) |

---

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| | | | |
|:---|:---|:---|:---|
| **130 Merchant Street** | **Honolulu** | **Hawaii** | **96813** |
| (Address of principal executive offices) | (City) | (State) | (Zip Code) |

---

**(888) 643-3888**

(Registrant's telephone number, including area code)

**Not Applicable**

(Former name or former address, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| <u>Title of each class</u> | <u>Trading Symbol(s)</u> | <u>Name of each exchange on which registered</u> |
| **Common Stock, par value $0.01 per share** | **BOH** | **New York Stock Exchange** |
| **Depository Shares, Each Representing 1/40**<sup>th</sup> **Interest in a Share of 4.375% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A** | **BOH.PRA** | **New York Stock Exchange** |
| **Depository Shares, Each Representing 1/40**<sup>th</sup> **Interest in a Share of 8.000% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B** | **BOH.PRB** | **New York Stock Exchange** |

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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4 (c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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**Item 2.02.Results of Operations and Financial Condition.**

On January 26, 2026, Bank of Hawaii Corporation announced its results of operations for the quarter ended December 31, 2025. The public announcement was made by means of a press release, the text of which is furnished as Exhibit 99.1 hereto and incorporated herein by reference.

**Item 9.01.Financial Statements and Exhibits.**

(d)Exhibits

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| | |
|:---|:---|
| <u>Exhibit No.</u> |  |
| 99.1 | <u>[January 26, 2026 Press Release: Bank of Hawaii Corporation Fourth Quarter 2025 Financial Results.](ex991earningsrelease123125.htm)</u> Any internet addresses provided in this release are for informational purposes only and are not intended to be hyperlinks. Furnished herewith. |
| 99.2 | <u>[Bank of Hawaii Corporation Fourth Quarter 2025 Financial Report](ex992bohearningspresenta.htm)</u> |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

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**Signatures**

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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| | | |
|:---|:---|:---|
| Date: January 26, 2026 | Bank of Hawaii Corporation | Bank of Hawaii Corporation |
|  | By: | /s/ Patrick M. McGuirk |
|  |  | Patrick M. McGuirk |
|  |  | Vice Chair and Chief Administrative Officer |

---

## Exhibit 99.1

**Exhibit 99.1**

![bohnewsreleaseimage.jpg](bohnewsreleaseimage.jpg)

**Bank of Hawai'i Corporation Fourth Quarter 2025 and Full Year 2025** 

**Financial Results**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Diluted Earnings Per Common Share of $1.39 for the Fourth Quarter 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Net Income of $60.9 Million for the Fourth Quarter 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Net Interest Margin Increased to 2.61%, a 15 Basis Point Improvement during the Fourth Quarter 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Quarterly Cost of Deposits Decreased to 1.43% Compared to 1.59% during the Linked Quarter**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Share Repurchases Resumed during the Fourth Quarter 2025**

**FOR IMMEDIATE RELEASE**

HONOLULU, HI (January 26, 2026) -- Bank of Hawai'i Corporation (NYSE: BOH) (the "Company") today reported diluted earnings per common share of $4.63 for the full year of 2025, compared with $3.46 for the full year of 2024. Net income for the year was $205.9 million, up 37.3% from the previous year. The return on average common equity for the full year of 2025 was 13.29% compared with 10.85% in 2024.

Diluted earnings per common share was $1.39 for the fourth quarter of 2025, compared with $1.20 during the linked quarter and $0.85 during the same period last year. Net income for the fourth quarter of 2025 was $60.9 million, up 14.2% from the linked quarter and up 55.6% from the same period last year. The return on average common equity for the fourth quarter of 2025 was 15.03% compared with 13.59% during the linked quarter and 10.30% during the same period last year.

"Bank of Hawai'i completed 2025 with strong financial performance," said Peter Ho, Chairman and CEO. "We continued to deliver consistent growth in net interest income and margin for the seventh consecutive quarter. Noninterest-bearing deposit balances increased 6.6% from the linked quarter and end of period total deposits and total loans and leases increased modestly. Credit quality remains outstanding, and we continue to be disciplined in managing expenses. Our strong performance reflects the hard work and exceptional commitment of our employees, whose dedication continues to drive our success."

- more -

![img208590026_1.jpg](img208590026_1.jpg)

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| | |
|:---|:---|
| **Bank of Hawai'i Corporation Fourth Quarter 2025 Financial Results &nbsp;&nbsp;&nbsp;&nbsp;** | &nbsp;&nbsp;&nbsp;&nbsp;**Page 2** |

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**<u>Financial Highlights</u>**

Net interest income for the fourth quarter of 2025 was $145.4 million, an increase of 6.4% from the linked quarter and an increase of 21.0% as compared to the same period last year. The increase from the linked quarter was primarily driven by lower interest-bearing deposit rates, partially offset by a 1 basis point decline in earning asset yield, as the negative impact from floating rate assets repricing down in a lower rate environment outweighed the benefit from fixed rate assets rolling off at lower interest rates and being reinvested at higher rates (fixed-rate asset repricing). The increase from the same period last year was primarily due to lower interest-bearing deposit rates and fixed asset repricing, partially offset by floating rate assets repricing to lower interest rates.

Net interest margin was 2.61% in the fourth quarter of 2025, an increase of 15 basis points from the linked quarter and an increase of 42 basis points from the same period last year. The increase from the prior periods was primarily due to lower interest-bearing deposit rates and fixed-rate asset repricing, partially offset by floating rate assets repricing to lower interest rates.

The average yield on total earning assets was 4.07% in the fourth quarter of 2025, down 1 basis point from the linked quarter and up 10 basis points from the same period last year. The average yield on loans and leases was 4.81% in the fourth quarter of 2025, down 5 basis points from the linked quarter and up 8 basis points from the same period last year. The decrease in loan yield from the linked quarter was primarily driven by floating rate assets repricing to lower interest rates, which outweighed the benefit from fixed-rate asset repricing. The increase in loan yield from the same period last year is primarily due to new and existing loans earning higher rates than paid-off loans. The average rate of interest-bearing deposits was 1.94% in the fourth quarter of 2025, down 20 basis points from the linked quarter and down 43 basis points from the same period last year. The average quarterly rate of total deposits, including noninterest-bearing deposits, was 1.43%, down 16 basis points from the linked quarter and down 34 basis points from the same period last year. The decreases were primarily due to lower benchmark interest rates. Deposit beta for the downward rate cycle was 31% as of the fourth quarter of 2025.

Noninterest income was $44.3 million in the fourth quarter of 2025, a decrease of 3.7% from the linked quarter and an increase of 2.8% from the same period last year. Noninterest income in the fourth quarter included a $18.1 million gain related to the sale of our merchant services portfolio, a $16.8 million loss on the sale of investments, and a $0.8 million charge related to a Visa Class B share conversion ratio change. We realized a $16.8 million loss on the sale of investments in the fourth quarter of 2025 as we replaced approximately $200 million of available-for-sale securities portfolio yielding approximately 1.5% with new securities yielding approximately 4.9%. Noninterest income in the linked quarter and same period last year also included charges related to Visa Class B share conversion ratio change of $0.8 million and $2.4 million, respectively. We sold our merchant services portfolio in the fourth quarter of 2025, which contributed approximately $3.0 million of non-recurring noninterest income in the linked quarter and the same period last year. Adjusted for these items, noninterest income was flat from the linked quarter and increased by 3.1% from the same period last year. The increase from the same period last year was due to increases in trust and asset management and other loan fees.

Noninterest expense was $109.5 million in the fourth quarter of 2025, a decrease of 2.6% from the linked quarter and an increase of 1.5% from the same period last year. Noninterest expense in the fourth quarter included a $1.4 million reduction in our FDIC special assessment charge and a $1.1 million donation to the Bank of Hawai'i Foundation. Noninterest expense in the linked quarter included a $2.1 million severance-related charge. Noninterest expense in the linked quarter and same period last year also included approximately $2.2 million in non-recurring Merchant Services expenses. Adjusted for these items, noninterest expense increased by 1.6% from the linked quarter and increased by 3.9% from the same period last year. The increase from the linked quarter was primarily due to higher salaries and benefits and other expenses, partially offset by lower occupancy expenses. The increase from the same period last year was primarily due to higher salaries and benefits and other expenses, partially offset by lower professional fees.

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| | |
|:---|:---|
| **Bank of Hawai'i Corporation Fourth Quarter 2025 Financial Results &nbsp;&nbsp;&nbsp;&nbsp;** | &nbsp;&nbsp;&nbsp;&nbsp;**Page 3** |

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The effective tax rate for the fourth quarter of 2025 was 21.50% compared to 21.27% during the linked quarter and 24.02% during the same period last year. Compared to the same period last year, the decrease in our effective tax rate was primarily due to a decrease in nondeductible compensation, and increases in tax benefits related to low-income housing investments, as well as a change in discrete items.

**<u>Asset Quality</u>**

The Company's overall asset quality remained strong during the fourth quarter of 2025. Provision for credit losses for the fourth quarter of 2025 was $2.5 million, unchanged from the linked quarter and down $1.3 million from the same period last year.

Total non-performing assets were $14.2 million at December 31, 2025, down $2.7 million from September 30, 2025 and down $5.1 million from December 31, 2024. Non-performing assets as a percentage of total loans and leases and foreclosed real estate were 0.10% at the end of the quarter, decreases of 2 basis points and 4 basis points from the linked quarter and the same period last year, respectively.

Net loan and lease charge-offs during the fourth quarter of 2025 were $4.1 million or 12 basis points annualized of total average loans and leases outstanding. Gross charge-offs of $5.3 million were partially offset by gross recoveries of $1.2 million. Compared to the linked quarter, net loan and lease charge-offs increased by $1.6 million or 5 basis points annualized on total average loans and leases outstanding. Compared to the same period last year, net loan and lease charge-offs increased by $0.7 million or 2 basis points annualized on total average loans and leases outstanding.

The allowance for credit losses on loans and leases was $146.8 million at December 31, 2025, a decrease of $2.0 million from September 30, 2025 and a decrease of $1.8 million from December 31, 2024. The ratio of the allowance for credit losses to total loans and leases outstanding was 1.04% at the end of the quarter, down 2 basis points from the linked quarter and the same period last year.

**<u>Balance Sheet</u>**

Total assets were $24.2 billion at December 31, 2025, an increase of 0.7% from September 30, 2025 and an increase of 2.4% from December 31, 2024. The increases from the linked quarter and same period last year were primarily due to increases in available-for-sale securities, partially offset by decreases in held-to-maturity securities.

The investment securities portfolio was $7.8 billion at December 31, 2025, an increase of 1.8% from September 30, 2025 and an increase of 6.1% from December 31, 2024. The increases from the prior periods were primarily due to the purchases of available-for-sale investment securities, partially offset by the amortization of the portfolio. The investment securities portfolio remains largely comprised of securities issued by U.S. government agencies and U.S. government-sponsored enterprises.

Total loans and leases were $14.1 billion at December 31, 2025, an increase of 0.4% from September 30, 2025 and flat from December 31, 2024. Total commercial loans were $6.1 billion at December 31, 2025, a decrease of 0.1% from September 30, 2025 and a decrease of 0.6% from December 31, 2024. The decrease from the linked quarter was primarily due to loan amortization and paydowns within our construction portfolio, partially offset by commercial mortgage production. The decrease from the same period last year was primarily due to loan amortization and paydowns within our commercial and industrial and construction portfolios, partially offset by commercial mortgage production. Total consumer loans were $8.0 billion at December 31, 2025, an increase of 0.9% from the linked quarter and an increase of 0.6% from the same period last year. The increase from the linked quarter was primarily due to increased production in the residential mortgage portfolio, partially offset by amortization and paydowns in the home equity portfolio. The increase from the same period last year was primarily due to increased production in the residential mortgage portfolio, partially offset by amortization and paydowns in the automobile portfolio.

- more -

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| | |
|:---|:---|
| **Bank of Hawai'i Corporation Fourth Quarter 2025 Financial Results &nbsp;&nbsp;&nbsp;&nbsp;** | &nbsp;&nbsp;&nbsp;&nbsp;**Page 4** |

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Total deposits were $21.2 billion at December 31, 2025, an increase of 0.5% from September 30, 2025 and an increase of 2.7% from December 31, 2024. Noninterest-bearing deposits made up 27.2% of total deposit balances at December 31, 2025, up from 25.6% at September 30, 2025 and up from 26.3% at December 31, 2024. Average total deposits were $21.0 billion for the fourth quarter of 2025, down 0.4% from the linked quarter and up 1.1% from the same period last year.

**<u>Capital and Dividends</u>**

The Company's capital levels remain well above regulatory well-capitalized minimums.

The Tier 1 Capital Ratio was 14.49% at December 31, 2025 compared with 14.34% at September 30, 2025 and 13.95% at December 31, 2024. The increase from prior periods was due to retained earnings growth. The Tier 1 Leverage Ratio was 8.57% at December 31, 2025, compared with 8.44% at September 30, 2025 and 8.31% at December 31, 2024. The increase from the linked quarter was due to an increase in retained earnings and a decrease in average total assets. The increase from the same period last year was due to an increase in retained earnings, partially offset by an increase in average assets.

The Company repurchased 76.5 thousand shares of common stock at a total cost of $5.0 million under the share repurchase program in the fourth quarter of 2025. Total remaining buyback authority under the share repurchase program was $121.0 million at December 31, 2025.

The Company's Board of Directors declared a quarterly cash dividend of $0.70 per share on the Company's outstanding common shares. The dividend will be payable on March 13, 2026 to shareholders of record at the close of business on February 27, 2026.

On January 5, 2026, the Company announced that the Board of Directors declared a quarterly dividend payment of $10.94 per share, equivalent to $0.2735 per depositary share, of Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A, and a quarterly dividend payment of $20.00 per share, equivalent to $0.5000 per depositary share, of Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B. The depositary shares representing the Series A Preferred Stock and Series B Preferred Stock are traded on the NYSE under the symbol "BOH.PRA" and "BOH.PRB", respectively. The dividends on the Series A Preferred Stock and Series B Preferred Stock will be payable on February 2, 2026 to shareholders of record of the preferred stock as of the close of business on January 16, 2026.

**<u>Conference Call Information</u>**

The Company will review its fourth quarter financial results today at 8:00 a.m. Hawai'i Time (1:00 p.m. Eastern Time). The live call, including a slide presentation, will be accessible on the investor relations link of Bank of Hawai'i Corporation's website, <u>www.boh.com</u>. The webcast can be accessed via the link: <u>https://register-conf.media-server.com/register/BI34f63e9b4766446cafc8f47a1a745b34</u>. A replay of the conference call will be available for one year beginning at approximately 11:00 a.m. Hawai'i Time on Monday, January 26, 2026. The replay will be available on the Company's website, <u>www.boh.com</u>.

**<u>Investor Announcements</u>**

Investors and others should note that the Company intends to announce financial and other information to the Company's investors using the Company's investor relations website at <u>https://ir.boh.com</u>, social media channels, press releases, SEC filings and public conference calls and webcasts, all for purposes of complying with the Company's disclosure obligations under Regulation FD. Accordingly, investors should monitor these channels, as information is updated, and new information is posted.

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|:---|:---|
| **Bank of Hawai'i Corporation Fourth Quarter 2025 Financial Results &nbsp;&nbsp;&nbsp;&nbsp;** | &nbsp;&nbsp;&nbsp;&nbsp;**Page 5** |

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**<u>Forward-Looking Statements</u>**

This news release, and other statements made by the Company in connection with it may contain "forward-looking statements" (as defined in the Private Securities Litigation Reform Act of 1995) that involve risks and uncertainties that could cause results to be materially different from expectations. Forecasts of our financial results and condition, expectations for our operations and business prospects, and our assumptions used in those forecasts and expectations are examples of certain of these forward-looking statements. Do not unduly rely on forward-looking statements. Actual results might differ significantly from our forecasts and expectations because of a variety of factors. More information about these factors is contained in Bank of Hawai'i Corporation's Annual Report on Form 10-K for the year ended December 31, 2024 and its Form 10-Q for fiscal quarters ended March 31, 2025, June 30, 2025, and September 30, 2025 which were filed with the U.S. Securities and Exchange Commission. These forward-looking statements are not guarantees of future performance and speak only as of the date made, and, except as required by law, the Company undertakes no obligation to update or revise any forward-looking statements to reflect subsequent events, new information or future circumstances.

*Bank of Hawai'i Corporation is an independent regional financial services company serving businesses, consumers, and governments in Hawai'i and the West Pacific. The Company's principal subsidiary, Bank of Hawai'i, was founded in 1897. For more information about Bank of Hawai'i Corporation, see the Company's website, www.boh.com. Bank of Hawai'i Corporation is a trade name of Bank of Hawaii Corporation.*

# # # #

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Bank of Hawai'i Corporation and Subsidiaries** | **Bank of Hawai'i Corporation and Subsidiaries** | **Bank of Hawai'i Corporation and Subsidiaries** | **Bank of Hawai'i Corporation and Subsidiaries** | | |
| **Financial Highlights** | | | | |<br>**Table 1** |
| | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Twelve Months Ended** | **Twelve Months Ended** |
|<br>(dollars in thousands, except per share amounts) | **December 31, 2025** | **September 30, 2025** | **December 31, 2024** | **December 31, 2025** | **December 31, 2024** |
| **<u>For the Period:</u>** |  |  |  |  |  |
| **Operating Results** |  |  |  |  |  |
| Net Interest Income | $145374 | $136675 | $120178 | $537539 | $466580 |
| Provision for Credit Losses | 2500 | 2500 | 3750 | 11500 | 11150 |
| Total Noninterest Income | 44271 | 45966 | 43047 | 179090 | 172529 |
| Total Noninterest Expense | 109518 | 112387 | 107931 | 443147 | 430108 |
| Pre-Provision Net Revenue | 80127 | 70254 | 55294 | 273482 | 209001 |
| Net Income | 60935 | 53345 | 39162 | 205902 | 149994 |
| Net Income Available to Common Shareholders | 55666 | 48076 | 33893 | 184825 | 137350 |
| Basic Earnings Per Common Share | 1.40 | 1.21 | 0.86 | 4.67 | 3.48 |
| Diluted Earnings Per Common Share | 1.39 | 1.20 | 0.85 | 4.63 | 3.46 |
| Dividends Declared Per Common Share | 0.70 | 0.70 | 0.70 | 2.80 | 2.80 |
| **Performance Ratios** |  |  |  |  |  |
| Return on Average Assets | 1.01% | 0.88% | 0.66% | 0.87% | 0.64% |
| Return on Average Shareholders' Equity | 13.33 | 12.10 | 9.42 | 11.86 | 9.78 |
| Return on Average Common Equity | 15.03 | 13.59 | 10.30 | 13.29 | 10.85 |
| Efficiency Ratio <sup>1</sup> | 57.75 | 61.53 | 66.12 | 61.84 | 67.30 |
| Net Interest Margin <sup>2</sup> | 2.61 | 2.46 | 2.19 | 2.45 | 2.16 |
| Dividend Payout Ratio <sup>3</sup> | 50.00 | 57.85 | 81.40 | 59.96 | 80.46 |
| Average Shareholders' Equity to Average Assets | 7.57 | 7.29 | 6.98 | 7.29 | 6.56 |
| **Average Balances** |  |  |  |  |  |
| Average Loans and Leases | $14013532 | $13982003 | $13964687 | $14026427 | $13868916 |
| Average Assets | 23958401 | 23995037 | 23682494 | 23798535 | 23362736 |
| Average Deposits | 20980199 | 21068286 | 20756682 | 20855867 | 20536239 |
| Average Shareholders' Equity | 1814000 | 1748576 | 1654156 | 1736055 | 1533243 |
| **Per Share of Common Stock** |  |  |  |  |  |
| **Book Value** | $37.92 | $36.35 | $33.27 | $37.92 | $33.27 |
| **Tangible Book Value** | 37.12 | 35.56 | 32.47 | 37.12 | 32.47 |
| **Market Value** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Closing | 68.37 | 65.64 | 71.24 | 68.37 | 71.24 |
| &nbsp;&nbsp;&nbsp;&nbsp;High | 71.85 | 71.90 | 82.70 | 76.00 | 82.70 |
| &nbsp;&nbsp;&nbsp;&nbsp;Low | 59.36 | 60.32 | 60.58 | 57.45 | 54.50 |

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| | | | |
|:---|:---|:---|:---|
| | **December 31, 2025** | **September 30, 2025** | **December 31, 2024** |
| **<u>As of Period End:</u>** | | | |
| **Balance Sheet Totals** | | | |
| Loans and Leases | $14082050 | $14021579 | $14075980 |
| Total Assets | 24176364 | 24014609 | 23601114 |
| Total Deposits | 21188495 | 21080669 | 20633037 |
| Other Debt | 558176 | 558201 | 558274 |
| Total Shareholders' Equity | 1851212 | 1791183 | 1667774 |
| **Asset Quality** |  |  |  |
| Non-Performing Assets | $14171 | $16864 | $19300 |
| Allowance for Credit Losses - Loans and Leases | 146766 | 148778 | 148528 |
| Allowance to Loans and Leases Outstanding <sup>4</sup> | 1.04% | 1.06% | 1.06% |
| **Capital Ratios** <sup>5</sup> |  |  |  |
| Common Equity Tier 1 Capital Ratio | 12.13% | 11.98% | 11.59% |
| Tier 1 Capital Ratio | 14.49 | 14.34 | 13.95 |
| Total Capital Ratio | 15.54 | 15.40 | 15.00 |
| Tier 1 Leverage Ratio | 8.57 | 8.44 | 8.31 |
| Total Shareholders' Equity to Total Assets | 7.66 | 7.46 | 7.07 |
| Tangible Common Equity to Tangible Assets <sup>6</sup> | 6.11 | 5.90 | 5.48 |
| Tangible Common Equity to Risk-Weighted Assets <sup>6</sup> | 10.35 | 9.95 | 9.08 |
| **Non-Financial Data** |  |  |  |
| Full-Time Equivalent Employees | 1877 | 1905 | 1865 |
| Branches | 51 | 51 | 50 |
| ATMs | 320 | 322 | 317 |

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<sup>1.</sup>Efficiency ratio is defined as noninterest expense divided by total revenue (net interest income and total noninterest income).

<sup>2.</sup>Net interest margin is defined as net interest income, on a taxable-equivalent basis, as a percentage of average earning assets.

<sup>3.</sup>Dividend payout ratio is defined as dividends declared per common share divided by basic earnings per common share.

<sup>4.</sup>The numerator comprises the Allowance for Credit Losses - Loans and Leases.

<sup>5.</sup>Regulatory capital ratios as of December 31, 2025 are preliminary.

<sup>6.</sup>Tangible common equity to tangible assets and tangible common equity to risk-weighted assets are Non-GAAP financial measures. Tangible common equity is defined by the Company as common shareholders' equity minus goodwill. See Table 2 "Reconciliation of Non-GAAP Financial Measures".

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Bank of Hawai'i Corporation and Subsidiaries** | **Bank of Hawai'i Corporation and Subsidiaries** | **Bank of Hawai'i Corporation and Subsidiaries** | **Bank of Hawai'i Corporation and Subsidiaries** | **Bank of Hawai'i Corporation and Subsidiaries** | **Bank of Hawai'i Corporation and Subsidiaries** | **Bank of Hawai'i Corporation and Subsidiaries** |
| **Reconciliation of Non-GAAP Financial Measures** | **Reconciliation of Non-GAAP Financial Measures** | **Reconciliation of Non-GAAP Financial Measures** | **Reconciliation of Non-GAAP Financial Measures** | **Reconciliation of Non-GAAP Financial Measures** | **Table 2** | **Table 2** |
| (dollars in thousands) | **December 31, 2025** | **December 31, 2025** | **September 30, 2025** | **September 30, 2025** | **December 31, 2024** | **December 31, 2024** |
| Total Shareholders' Equity | $| 1851212 | $| 1791183 | $| 1667774 |
| Less: Preferred Stock | 345000 | 345000 | 345000 | 345000 | 345000 | 345000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Goodwill | 31517 | 31517 | 31517 | 31517 | 31517 | 31517 |
| Tangible Common Equity | $| 1474695 | $| 1414666 | $| 1291257 |
| Total Assets | $| 24176364 | $| 24014609 | $| 23601114 |
| Less: Goodwill | 31517 | 31517 | 31517 | 31517 | 31517 | 31517 |
| Tangible Assets | $| 24144847 | $| 23983092 | $| 23569597 |
| Risk-Weighted Assets, determined in accordance with prescribed regulatory requirements <sup>1</sup> | $| 14246491 | $| 14215866 | $| 14225908 |
| Total Shareholders' Equity to Total Assets | 7.66% | 7.66% | 7.46% | 7.46% | 7.07% | 7.07% |
| Tangible Common Equity to Tangible Assets (Non-GAAP) | 6.11% | 6.11% | 5.90% | 5.90% | 5.48% | 5.48% |
| Tier 1 Capital Ratio <sup>1</sup> | 14.49% | 14.49% | 14.34% | 14.34% | 13.95% | 13.95% |
| Tangible Common Equity to Risk-Weighted Assets (Non-GAAP) <sup>1</sup> | 10.35% | 10.35% | 9.95% | 9.95% | 9.08% | 9.08% |

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<sup>1</sup>Regulatory capital ratios as of December 31, 2025 are preliminary.

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Bank of Hawai'i Corporation and Subsidiaries** | **Bank of Hawai'i Corporation and Subsidiaries** | **Bank of Hawai'i Corporation and Subsidiaries** | **Bank of Hawai'i Corporation and Subsidiaries** | | |
| **Consolidated Statements of Income** | **Consolidated Statements of Income** | **Consolidated Statements of Income** | | |<br>**Table 3** |
| | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Twelve Months Ended** | **Twelve Months Ended** |
|<br>(dollars in thousands, except per share amounts) | **December 31, 2025** | **September 30, 2025** | **December 31, 2024** | **December 31, 2025** | **December 31, 2024** |
| Interest Income |  |  |  |  |  |
| &nbsp;&nbsp;Interest and Fees on Loans and Leases | $168234 | $169411 | $164785 | $667506 | $653615 |
| &nbsp;&nbsp;Income on Investment Securities |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Available-for-Sale | 32950 | 29702 | 23223 | 114027 | 89705 |
| &nbsp;&nbsp;&nbsp;&nbsp;Held-to-Maturity | 18929 | 19332 | 20677 | 78387 | 85515 |
| &nbsp;&nbsp;Cash and Cash Equivalents | 5936 | 8195 | 9425 | 23408 | 30701 |
| &nbsp;&nbsp;Other | 1245 | 1068 | 1107 | 4495 | 4215 |
| Total Interest Income | 227294 | 227708 | 219217 | 887823 | 863751 |
| Interest Expense |  |  |  |  |  |
| &nbsp;&nbsp;Deposits | 75477 | 84590 | 92099 | 324235 | 368764 |
| &nbsp;&nbsp;Securities Sold Under Agreements to Repurchase | 496 | 496 | 992 | 2227 | 4608 |
| &nbsp;&nbsp;Other Debt | 5947 | 5947 | 5948 | 23822 | 23799 |
| Total Interest Expense | 81920 | 91033 | 99039 | 350284 | 397171 |
| **Net Interest Income** | 145374 | 136675 | 120178 | 537539 | 466580 |
| Provision for Credit Losses | 2500 | 2500 | 3750 | 11500 | 11150 |
| Net Interest Income After Provision for Credit Losses | 142874 | 134175 | 116428 | 526039 | 455430 |
| Noninterest Income |  |  |  |  |  |
| &nbsp;&nbsp;Trust and Asset Management | 12883 | 12598 | 12157 | 49319 | 47485 |
| &nbsp;&nbsp;Fees, Exchange, and Other Service Charges | 12298 | 15219 | 14399 | 56337 | 57236 |
| &nbsp;&nbsp;Service Charges on Deposit Accounts | 8694 | 8510 | 8678 | 33582 | 32430 |
| &nbsp;&nbsp;Bank-Owned Life Insurance | 3758 | 3681 | 3283 | 14764 | 13568 |
| &nbsp;&nbsp;Annuity and Insurance | 1124 | 1095 | 1347 | 5211 | 5436 |
| &nbsp;&nbsp;Mortgage Banking | 917 | 906 | 942 | 3660 | 4109 |
| &nbsp;&nbsp;Investment Securities Losses, Net | (18717) | (1945) | (3306) | (23395) | (7507) |
| &nbsp;&nbsp;Other | 23314 | 5902 | 5547 | 39612 | 19772 |
| **Total Noninterest Income** | 44271 | 45966 | 43047 | 179090 | 172529 |
| Noninterest Expense |  |  |  |  |  |
| &nbsp;&nbsp;Salaries and Benefits | 61675 | 62905 | 58690 | 248772 | 232564 |
| &nbsp;&nbsp;Net Equipment | 10047 | 10285 | 10308 | 40501 | 40886 |
| &nbsp;&nbsp;Net Occupancy | 10029 | 10932 | 10263 | 42019 | 42084 |
| &nbsp;&nbsp;Data Processing | 5659 | 5603 | 5313 | 21985 | 19540 |
| &nbsp;&nbsp;Professional Fees | 3682 | 4022 | 4988 | 16231 | 19319 |
| &nbsp;&nbsp;FDIC Insurance | 2378 | 3508 | 3711 | 11168 | 17850 |
| &nbsp;&nbsp;Other | 16048 | 15132 | 14658 | 62471 | 57865 |
| **Total Noninterest Expense** | 109518 | 112387 | 107931 | 443147 | 430108 |
| Income Before Provision for Income Taxes | 77627 | 67754 | 51544 | 261982 | 197851 |
| Provision for Income Taxes | 16692 | 14409 | 12382 | 56080 | 47857 |
| **Net Income** | $60935 | $53345 | $39162 | $205902 | $149994 |
| Preferred Stock Dividends | 5269 | 5269 | 5269 | 21077 | 12644 |
| **Net Income Available to Common Shareholders** | $55666 | $48076 | $33893 | $184825 | $137350 |
| Basic Earnings Per Common Share | $1.40 | $1.21 | $0.86 | $4.67 | $3.48 |
| Diluted Earnings Per Common Share | $1.39 | $1.20 | $0.85 | $4.63 | $3.46 |
| Dividends Declared Per Common Share | $0.70 | $0.70 | $0.70 | $2.80 | $2.80 |
| Basic Weighted Average Common Shares | 39641382 | 39655741 | 39513210 | 39618830 | 39450737 |
| Diluted Weighted Average Common Shares | 40003635 | 39980931 | 39836758 | 39934431 | 39700388 |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Bank of Hawai'i Corporation and Subsidiaries** | **Bank of Hawai'i Corporation and Subsidiaries** | **Bank of Hawai'i Corporation and Subsidiaries** | **Bank of Hawai'i Corporation and Subsidiaries** | | |
| **Consolidated Statements of Comprehensive Income** | **Consolidated Statements of Comprehensive Income** | **Consolidated Statements of Comprehensive Income** | **Consolidated Statements of Comprehensive Income** | |<br>**Table 4** |
| | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Twelve Months Ended** | **Twelve Months Ended** |
|<br>(dollars in thousands) | **December 31, 2025** | **September 30, 2025** | **December 31, 2024** | **December 31, 2025** | **December 31, 2024** |
| Net Income | $60935 | $53345 | $39162 | $205902 | $149994 |
| Other Comprehensive Income (Loss), Net of Tax: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net Change in Unrealized Gains (Losses) on Investment Securities | 29367 | 22711 | (7388) | 95808 | 53435 |
| &nbsp;&nbsp;&nbsp;Net Change in Defined Benefit Plans | 2446 | 232 | (641) | 3143 | (136) |
| Other Comprehensive Income (Loss) | 31813 | 22943 | (8029) | 98951 | 53299 |
| Comprehensive Income | $92748 | $76288 | $31133 | $304853 | $203293 |

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| | | | |
|:---|:---|:---|:---|
| **Bank of Hawai'i Corporation and Subsidiaries** | **Bank of Hawai'i Corporation and Subsidiaries** | **Bank of Hawai'i Corporation and Subsidiaries** | **Bank of Hawai'i Corporation and Subsidiaries** |
| **Consolidated Statements of Condition** | | | **Table 5** |
| (dollars in thousands, except per share amounts) | **December 31, 2025** | **September 30, 2025** | **December 31, 2024** |
| **Assets** |  |  |  |
| Cash and Cash Equivalents | $946520 | $985223 | $763571 |
| Investment Securities |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Available-for-Sale | 3510652 | 3280410 | 2689528 |
| &nbsp;&nbsp;&nbsp;&nbsp;Held-to-Maturity (Fair Value of $3,651,966; $3,717,573; and $3,820,882) | 4245681 | 4340032 | 4618543 |
| Loans Held for Sale | 4369 | 1236 | 2150 |
| Loans and Leases | 14082050 | 14021579 | 14075980 |
| &nbsp;&nbsp;&nbsp;&nbsp;Allowance for Credit Losses | (146766) | (148778) | (148528) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Loans and Leases | 13935284 | 13872801 | 13927452 |
| Premises and Equipment, Net | 199747 | 196093 | 184480 |
| Operating Lease Right-of-Use Assets | 83424 | 82804 | 80165 |
| Accrued Interest Receivable | 69899 | 69224 | 66367 |
| Mortgage Servicing Rights | 17455 | 17927 | 19199 |
| Goodwill | 31517 | 31517 | 31517 |
| Bank-Owned Life Insurance | 499795 | 494041 | 481184 |
| Other Assets | 632021 | 643301 | 736958 |
| **Total Assets** | $24176364 | $24014609 | $23601114 |
| **Liabilities** |  |  |  |
| Deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Noninterest-Bearing Demand | $5755371 | $5400943 | $5423562 |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest-Bearing Demand | 3910952 | 3813921 | 3784984 |
| &nbsp;&nbsp;&nbsp;&nbsp;Savings | 8741090 | 8814451 | 8364916 |
| &nbsp;&nbsp;&nbsp;&nbsp;Time | 2781082 | 3051354 | 3059575 |
| Total Deposits | 21188495 | 21080669 | 20633037 |
| Securities Sold Under Agreements to Repurchase | 50000 | 50000 | 100000 |
| Other Debt | 558176 | 558201 | 558274 |
| Operating Lease Liabilities | 92402 | 91690 | 88794 |
| Retirement Benefits Payable | 20139 | 23352 | 23760 |
| Accrued Interest Payable | 22370 | 27580 | 34799 |
| Other Liabilities | 393570 | 391934 | 494676 |
| **Total Liabilities** | 22325152 | 22223426 | 21933340 |
| **Shareholders' Equity** |  |  |  |
| Preferred Stock (Series A, $.01 par value; authorized 180,000 shares issued and outstanding) | 180000 | 180000 | 180000 |
| Preferred Stock (Series B, $.01 par value; authorized 165,000 shares issued and outstanding) | 165000 | 165000 | 165000 |
| Common Stock ($.01 par value; authorized 500,000,000 shares; issued / outstanding: December 31, 2025 - 58,780,253 / 39,725,698; September 30, 2025 - 58,779,666 / 39,785,201; and December 31, 2024 - 58,765,907 / 39,762,255) | 587 | 587 | 585 |
| Capital Surplus | 664781 | 659922 | 647403 |
| Accumulated Other Comprehensive Loss | (244438) | (276251) | (343389) |
| Retained Earnings | 2205707 | 2178263 | 2133838 |
| Treasury Stock, at Cost (Shares: December 31, 2025 - 19,054,555; September 30, 2025 - 18,994,465; and December 31, 2024 - 19,003,609) | (1120425) | (1116338) | (1115663) |
| **Total Shareholders' Equity** | 1851212 | 1791183 | 1667774 |
| **Total Liabilities and Shareholders' Equity** | $24176364 | $24014609 | $23601114 |

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| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Bank of Hawai'i Corporation and Subsidiaries** | **Bank of Hawai'i Corporation and Subsidiaries** | **Bank of Hawai'i Corporation and Subsidiaries** | **Bank of Hawai'i Corporation and Subsidiaries** | **Bank of Hawai'i Corporation and Subsidiaries** | **Bank of Hawai'i Corporation and Subsidiaries** | **Bank of Hawai'i Corporation and Subsidiaries** | **Bank of Hawai'i Corporation and Subsidiaries** | **Bank of Hawai'i Corporation and Subsidiaries** | **Bank of Hawai'i Corporation and Subsidiaries** | **Bank of Hawai'i Corporation and Subsidiaries** | **Bank of Hawai'i Corporation and Subsidiaries** |
| **Consolidated Statements of Shareholders' Equity** | **Consolidated Statements of Shareholders' Equity** | **Consolidated Statements of Shareholders' Equity** | **Consolidated Statements of Shareholders' Equity** | **Consolidated Statements of Shareholders' Equity** | **Consolidated Statements of Shareholders' Equity** | **Consolidated Statements of Shareholders' Equity** | **Consolidated Statements of Shareholders' Equity** | **Consolidated Statements of Shareholders' Equity** | **Consolidated Statements of Shareholders' Equity** | **Consolidated Statements of Shareholders' Equity** | **Table 6** |
| (dollars in thousands, except per share amounts) | **Preferred Shares Series A Outstanding** | **Preferred Series A Stock** | **Preferred Shares Series B Outstanding** | **Preferred Series B Stock** | **Common Shares Outstanding** | **Common Stock** | **Capital Surplus** | **Accum. Other Comprehensive Income (Loss)** | **Retained Earnings** | **Treasury Stock** | **Total** |
| **Balance as of December 31, 2024** | 180000 | $180000 | 165000 | $165000 | 39762255 | $585 | $647403 | $(343389) | $2133838 | $(1115663) | $1667774 |
| Net Income | – | – | – | – | – | – | – | – | 205902 | – | 205902 |
| Other Comprehensive Income | – | – | – | – | – | – | – | 98951 | – | – | 98951 |
| Share-Based Compensation | – | – | – | – | – | – | 16243 | – | – | – | 16243 |
| Common Stock Issued Under Purchase and Equity Compensation Plans | – | – | – | – | 97556 | 2 | 1135 | – | – | 4012 | 5149 |
| Common Stock Repurchased Under Share Repurchase Program | – | – | – | – | (76547) | – | – | – | – | (5001) | (5001) |
| Equity Compensation Plan Common Stock Repurchases |  |  |  |  | (57566) |  |  |  |  | (3773) | (3773) |
| Cash Dividends Declared Common Stock ($2.80 per share) | – | – | – | – | – | – | – | – | (112956) | – | (112956) |
| Cash Dividends Declared Preferred Stock | – | – | – | – | – | – | – | – | (21077) | – | (21077) |
| **Balance as of December 31, 2025** | 180000 | $180000 | 165000 | $165000 | 39725698 | $587 | $664781 | $(244438) | $2205707 | $(1120425) | $1851212 |
| **Balance as of December 31, 2023** | 180000 | $180000 | – | $– | 39753138 | $583 | $636422 | $(396688) | $2107569 | $(1113644) | $1414242 |
| Net Income | – | – | – | – | – | – | – | – | 149994 | – | 149994 |
| Other Comprehensive Income | – | – | – | – | – | – | – | 53299 | – | – | 53299 |
| Share-Based Compensation | – | – | – | – | – | – | 14444 | – | – | – | 14444 |
| Preferred Stock Issued, Net | – | – | 165000 | 165000 | – | – | (4386) | – | – | – | 160614 |
| Common Stock Issued Under Purchase and Equity Compensation Plans | – | – | – | – | 96394 | 2 | 923 | – | 1232 | 3283 | 5440 |
| Equity Compensation Plan Common Stock Repurchases | – | – | – | – | (87277) | – | – | – | – | (5302) | (5302) |
| Cash Dividends Declared Common Stock ($2.80 per share) | – | – | – | – | – | – | – | – | (112313) | – | (112313) |
| Cash Dividends Declared Preferred Stock | – | – | – | – | – | – | – | – | (12644) | – | (12644) |
| **Balance as of December 31, 2024** | 180000 | $180000 | 165000 | $165000 | 39762255 | $585 | $647403 | $(343389) | $2133838 | $(1115663) | $1667774 |

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| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Bank of Hawai'i Corporation and Subsidiaries** | **Bank of Hawai'i Corporation and Subsidiaries** | **Bank of Hawai'i Corporation and Subsidiaries** | **Bank of Hawai'i Corporation and Subsidiaries** | **Bank of Hawai'i Corporation and Subsidiaries** | **Bank of Hawai'i Corporation and Subsidiaries** | **Bank of Hawai'i Corporation and Subsidiaries** | **Bank of Hawai'i Corporation and Subsidiaries** | **Bank of Hawai'i Corporation and Subsidiaries** | **Bank of Hawai'i Corporation and Subsidiaries** |
| **Average Balances and Interest Rates - Taxable-Equivalent Basis** <sup>1</sup> | **Average Balances and Interest Rates - Taxable-Equivalent Basis** <sup>1</sup> | **Average Balances and Interest Rates - Taxable-Equivalent Basis** <sup>1</sup> | **Average Balances and Interest Rates - Taxable-Equivalent Basis** <sup>1</sup> | **Average Balances and Interest Rates - Taxable-Equivalent Basis** <sup>1</sup> | **Average Balances and Interest Rates - Taxable-Equivalent Basis** <sup>1</sup> | **Average Balances and Interest Rates - Taxable-Equivalent Basis** <sup>1</sup> | **Average Balances and Interest Rates - Taxable-Equivalent Basis** <sup>1</sup> | **Table 7a** | **Table 7a** |
| | **Three Months Ended December 31, 2025** | **Three Months Ended December 31, 2025** | **Three Months Ended December 31, 2025** | **Three Months Ended September 30, 2025** | **Three Months Ended September 30, 2025** | **Three Months Ended September 30, 2025** | **Three Months Ended December 31, 2024** | **Three Months Ended December 31, 2024** | **Three Months Ended December 31, 2024** |
|<br>(dollars in millions) | **Average Balance** | **Income/Expense** <sup>2</sup> | **Yield/Rate** | **Average Balance** | **Income/Expense** <sup>2</sup> | **Yield/Rate** | **Average Balance** | **Income/Expense** <sup>2</sup> | **Yield/Rate** |
| **Earning Assets** |  |  |  |  |  |  |  |  |  |
| Cash and Cash Equivalents | $604.5 | $6 | 3.84% | $744.3 | $8.2 | 4.31% | $784.9 | $9.4 | 4.70% |
| Investment Securities |  |  |  |  |  |  |  |  |  |
| Available-for-Sale |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Taxable | 3363.4 | 32.5 | 3.86 | 3157.8 | 29.3 | 3.70 | 2614.5 | 23.0 | 3.50 |
| &nbsp;&nbsp;&nbsp;&nbsp;Non-Taxable | 32.0 | 0.5 | 5.80 | 32.4 | 0.5 | 5.98 | 21.5 | 0.3 | 6.39 |
| Held-to-Maturity |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Taxable | 4265.7 | 18.8 | 1.76 | 4363.9 | 19.2 | 1.76 | 4636.7 | 20.5 | 1.77 |
| &nbsp;&nbsp;&nbsp;&nbsp;Non-Taxable | 33.7 | 0.2 | 2.10 | 33.8 | 0.2 | 2.10 | 34.3 | 0.2 | 2.10 |
| Total Investment Securities | 7694.8 | 52.0 | 2.70 | 7587.9 | 49.2 | 2.59 | 7307.0 | 44.0 | 2.41 |
| Loans Held for Sale | 2.4 | 0.0 | 5.51 | 1.6 | 0.0 | 5.92 | 4.0 | 0.1 | 5.86 |
| Loans and Leases <sup>3</sup> |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Commercial Mortgage | 4124.5 | 55.2 | 5.31 | 4016.3 | 54.3 | 5.36 | 3868.7 | 52.0 | 5.34 |
| &nbsp;&nbsp;Commercial and Industrial | 1590.0 | 19.6 | 4.90 | 1600.7 | 20.5 | 5.09 | 1697.9 | 22.1 | 5.18 |
| &nbsp;&nbsp;Construction | 265.5 | 4.6 | 6.89 | 394.4 | 7.3 | 7.32 | 346.6 | 6.6 | 7.54 |
| &nbsp;&nbsp;Commercial Lease Financing | 89.7 | 0.9 | 4.19 | 93.0 | 1.0 | 4.11 | 82.9 | 0.7 | 3.62 |
| &nbsp;&nbsp;Residential Mortgage | 4719.8 | 47.5 | 4.03 | 4638.1 | 46.7 | 4.02 | 4621.0 | 45.3 | 3.93 |
| &nbsp;&nbsp;Home Equity | 2122.1 | 24.3 | 4.54 | 2129.6 | 23.9 | 4.46 | 2181.6 | 22.5 | 4.10 |
| &nbsp;&nbsp;Automobile | 692.7 | 9.6 | 5.49 | 706.9 | 9.5 | 5.35 | 774.4 | 9.5 | 4.90 |
| &nbsp;&nbsp;Other | 409.2 | 7.9 | 7.64 | 403.0 | 7.7 | 7.63 | 391.6 | 7.2 | 7.29 |
| Total Loans and Leases | 14013.5 | 169.6 | 4.81 | 13982.0 | 170.9 | 4.86 | 13964.7 | 165.9 | 4.73 |
| Other | 82.2 | 1.2 | 6.06 | 65.3 | 1.1 | 6.54 | 65.0 | 1.1 | 6.82 |
| **Total Earning Assets** | 22397.4 | 228.8 | 4.07 | 22381.1 | 229.4 | 4.08 | 22125.6 | 220.5 | 3.97 |
| Non-Earning Assets | 1561.0 |  |  | 1613.9 |  |  | 1556.9 |  |  |
| **Total Assets** | $23958.4 |  |  | $23995.0 |  |  | $23682.5 |  |  |
| **Interest-Bearing Liabilities** |  |  |  |  |  |  |  |  |  |
| Interest-Bearing Deposits |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Demand | $3697.9 | $7.3 | 0.78% | $3781 | $7.8 | 0.81% | $3655.8 | $7.8 | 0.85% |
| &nbsp;&nbsp;Savings | 8738.2 | 44.3 | 2.01 | 8831.0 | 50.6 | 2.28 | 8652.2 | 52.6 | 2.42 |
| &nbsp;&nbsp;Time | 2974.0 | 23.9 | 3.18 | 3057.6 | 26.2 | 3.40 | 3142.8 | 31.7 | 4.02 |
| Total Interest-Bearing Deposits | 15410.1 | 75.5 | 1.94 | 15669.6 | 84.6 | 2.14 | 15450.8 | 92.1 | 2.37 |
| Securities Sold Under Agreements to Repurchase | 50.0 | 0.5 | 3.89 | 50.0 | 0.5 | 3.89 | 100.2 | 1.0 | 3.87 |
| Other Debt | 558.2 | 5.9 | 4.23 | 558.3 | 6.0 | 4.23 | 558.3 | 5.9 | 4.24 |
| **Total Interest-Bearing Liabilities** | 16018.3 | 81.9 | 2.03 | 16277.9 | 91.1 | 2.22 | 16109.3 | 99.0 | 2.45 |
| **Net Interest Income** |  | $146.9 |  |  | $138.3 |  |  | $121.5 |  |
| &nbsp;&nbsp;Interest Rate Spread |  |  | 2.04% |  |  | 1.86% |  |  | 1.52% |
| &nbsp;&nbsp;Net Interest Margin |  |  | 2.61% |  |  | 2.46% |  |  | 2.19% |
| Noninterest-Bearing Demand Deposits | 5570.1 |  |  | 5398.7 |  |  | 5305.9 |  |  |
| Other Liabilities | 556.0 |  |  | 569.8 |  |  | 613.1 |  |  |
| Shareholders' Equity | 1814.0 |  |  | 1748.6 |  |  | 1654.2 |  |  |
| **Total Liabilities and Shareholders' Equity** | $23958.4 |  |  | $23995.0 |  |  | $23682.5 |  |  |

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<sup>1</sup>Due to rounding, the amounts presented in this table may not tie to other amounts presented elsewhere in this report.

<sup>2</sup>Interest income includes taxable-equivalent basis adjustments, based upon a federal statutory tax rate of 21%, of $1.6 million, $1.7 million, and $1.3 million for the three months ended December 31, 2025, September 30, 2025, and December 31, 2024, respectively.

<sup>3</sup>Non-performing loans and leases are included in the respective average loan and lease balances.

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Bank of Hawai'i Corporation and Subsidiaries** | **Bank of Hawai'i Corporation and Subsidiaries** | **Bank of Hawai'i Corporation and Subsidiaries** | **Bank of Hawai'i Corporation and Subsidiaries** | **Bank of Hawai'i Corporation and Subsidiaries** | **Bank of Hawai'i Corporation and Subsidiaries** | **Bank of Hawai'i Corporation and Subsidiaries** |
| **Average Balances and Interest Rates - Taxable-Equivalent Basis** <sup>1</sup> | **Average Balances and Interest Rates - Taxable-Equivalent Basis** <sup>1</sup> | **Average Balances and Interest Rates - Taxable-Equivalent Basis** <sup>1</sup> | **Average Balances and Interest Rates - Taxable-Equivalent Basis** <sup>1</sup> | **Average Balances and Interest Rates - Taxable-Equivalent Basis** <sup>1</sup> | | **Table 7b** |
| | **Twelve Months Ended December 31, 2025** | **Twelve Months Ended December 31, 2025** | **Twelve Months Ended December 31, 2025** | **Twelve Months Ended December 31, 2024** | **Twelve Months Ended December 31, 2024** | **Twelve Months Ended December 31, 2024** |
|<br>(dollars in millions) | **Average Balance** | **Income/Expense** <sup>2</sup> | **Yield/Rate** | **Average Balance** | **Income/Expense** <sup>2</sup> | **Yield/Rate** |
| **Earning Assets** |  |  |  |  |  |  |
| Cash and Cash Equivalents | $551.4 | $23.4 | 4.24% | $594.1 | $30.7 | 5.17% |
| Investment Securities |  |  |  |  |  |  |
| Available-for-Sale |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Taxable | 3076.5 | 112.7 | 3.66 | 2433.8 | 89.3 | 3.67 |
| &nbsp;&nbsp;&nbsp;&nbsp;Non-Taxable | 28.3 | 1.7 | 5.83 | 9.2 | 0.6 | 6.05 |
| Held-to-Maturity |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Taxable | 4409.2 | 77.8 | 1.77 | 4783.5 | 84.9 | 1.78 |
| &nbsp;&nbsp;&nbsp;&nbsp;Non-Taxable | 33.9 | 0.7 | 2.10 | 34.5 | 0.7 | 2.10 |
| Total Investment Securities | 7547.9 | 192.9 | 2.56 | 7261.0 | 175.5 | 2.42 |
| Loans Held for Sale | 2.1 | 0.2 | 5.78 | 2.9 | 0.2 | 6.05 |
| Loans and Leases <sup>3</sup> |  |  |  |  |  |  |
| &nbsp;&nbsp;Commercial Mortgage | 4045.5 | 215.7 | 5.33 | 3763.6 | 205.9 | 5.47 |
| &nbsp;&nbsp;Commercial and Industrial | 1640.2 | 82.5 | 5.03 | 1679.8 | 89.2 | 5.31 |
| &nbsp;&nbsp;Construction | 341.1 | 24.6 | 7.21 | 333.4 | 25.6 | 7.66 |
| &nbsp;&nbsp;Commercial Lease Financing | 91.8 | 3.7 | 4.05 | 65.1 | 1.7 | 2.68 |
| &nbsp;&nbsp;Residential Mortgage | 4650.5 | 184.6 | 3.97 | 4614.8 | 182.4 | 3.95 |
| &nbsp;&nbsp;Home Equity | 2136.8 | 94.0 | 4.40 | 2217.5 | 87.8 | 3.96 |
| &nbsp;&nbsp;Automobile | 720.4 | 37.9 | 5.26 | 803.6 | 37.0 | 4.61 |
| &nbsp;&nbsp;Other | 400.1 | 30.2 | 7.55 | 391.1 | 27.4 | 7.01 |
| Total Loans and Leases | 14026.4 | 673.2 | 4.80 | 13868.9 | 657.0 | 4.74 |
| Other | 69.5 | 4.5 | 6.47 | 63.2 | 4.2 | 6.66 |
| **Total Earning Assets** | 22197.3 | 894.2 | 4.03 | 21790.1 | 867.6 | 3.98 |
| Non-Earning Assets | 1601.2 |  |  | 1572.6 |  |  |
| **Total Assets** | $23798.5 |  |  | $23362.7 |  |  |
| **Interest-Bearing Liabilities** |  |  |  |  |  |  |
| Interest-Bearing Deposits |  |  |  |  |  |  |
| &nbsp;&nbsp;Demand | $3739.3 | $29.7 | 0.79% | $3745.9 | $33.2 | 0.89% |
| &nbsp;&nbsp;Savings | 8674.1 | 190.2 | 2.19 | 8362.3 | 209.7 | 2.51 |
| &nbsp;&nbsp;Time | 3029.6 | 104.3 | 3.44 | 3042.3 | 125.9 | 4.14 |
| Total Interest-Bearing Deposits | 15443.0 | 324.2 | 2.10 | 15150.5 | 368.8 | 2.43 |
| Securities Sold Under Agreements to Repurchase | 56.6 | 2.2 | 3.94 | 118.2 | 4.6 | 3.90 |
| Other Debt | 563.2 | 23.9 | 4.23 | 560.4 | 23.8 | 4.25 |
| **Total Interest-Bearing Liabilities** | 16062.8 | 350.3 | 2.18 | 15829.1 | 397.2 | 2.51 |
| **Net Interest Income** |  | $543.9 |  |  | $470.4 |  |
| &nbsp;&nbsp;Interest Rate Spread |  |  | 1.85% |  |  | 1.47% |
| &nbsp;&nbsp;Net Interest Margin |  |  | 2.45% |  |  | 2.16% |
| Noninterest-Bearing Demand Deposits | 5412.9 |  |  | 5385.8 |  |  |
| Other Liabilities | 586.7 |  |  | 614.6 |  |  |
| Shareholders' Equity | 1736.1 |  |  | 1533.2 |  |  |
| **Total Liabilities and Shareholders' Equity** | $23798.5 |  |  | $23362.7 |  |  |

---

<sup>1.</sup>Due to rounding, the amounts presented in this table may not tie to other amounts presented elsewhere in this report.

<sup>2.</sup>Interest income includes taxable-equivalent basis adjustments, based upon a federal statutory tax rate of 21%, of $6.4 million and $3.8 million for the twelve months ended December 31, 2025 and December 31, 2024, respectively.

<sup>3.</sup>Non-performing loans and leases are included in the respective average loan and lease balances.

------

---

| | | | |
|:---|:---|:---|:---|
| **Bank of Hawai'i Corporation and Subsidiaries** | **Bank of Hawai'i Corporation and Subsidiaries** | **Bank of Hawai'i Corporation and Subsidiaries** | |
| **Analysis of Change in Net Interest Income - Taxable-Equivalent Basis** | **Analysis of Change in Net Interest Income - Taxable-Equivalent Basis** | **Analysis of Change in Net Interest Income - Taxable-Equivalent Basis** |<br>**Table 8a** |
| | **Three Months Ended December 31, 2025** | **Three Months Ended December 31, 2025** | **Three Months Ended December 31, 2025** |
| | **Compared to September 30, 2025** | **Compared to September 30, 2025** | **Compared to September 30, 2025** |
|<br>(dollars in millions) | **Volume** <sup>1</sup> | **Rate** <sup>1</sup> | **Total** |
| **Change in Interest Income:** |  |  |  |
| Cash and Cash Equivalents | $(1.4) | $(0.9) | $(2.3) |
| Investment Securities |  |  |  |
| &nbsp;&nbsp;&nbsp;Available-for-Sale |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Taxable | 2.0 | 1.3 | 3.3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-Taxable | (0.1) | 0.0 | (0.1) |
| &nbsp;&nbsp;&nbsp;Held-to-Maturity |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Taxable | (0.4) | 0.0 | (0.4) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-Taxable | 0.0 | 0.0 | 0.0 |
| Total Investment Securities | 1.5 | 1.3 | 2.8 |
| Loans Held for Sale | 0.0 | 0.1 | 0.1 |
| Loans and Leases |  |  |  |
| &nbsp;&nbsp;&nbsp;Commercial Mortgage | 1.5 | (0.6) | 0.9 |
| &nbsp;&nbsp;&nbsp;Commercial and Industrial | (0.1) | (0.8) | (0.9) |
| &nbsp;&nbsp;&nbsp;Construction | (2.3) | (0.4) | (2.7) |
| &nbsp;&nbsp;&nbsp;Commercial Lease Financing | 0.0 | 0.0 | 0.0 |
| &nbsp;&nbsp;&nbsp;Residential Mortgage | 0.8 | 0.1 | 0.9 |
| &nbsp;&nbsp;&nbsp;Home Equity | (0.1) | 0.4 | 0.3 |
| &nbsp;&nbsp;&nbsp;Automobile | (0.2) | 0.2 | 0.0 |
| &nbsp;&nbsp;&nbsp;Other | 0.1 | 0.1 | 0.2 |
| Total Loans and Leases | (0.3) | (1.0) | (1.3) |
| Other | 0.5 | (0.3) | 0.2 |
| **Total Change in Interest Income** | 0.3 | (0.8) | (0.5) |
| **Change in Interest Expense:** |  |  |  |
| Interest-Bearing Deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;Demand | (0.2) | (0.3) | (0.5) |
| &nbsp;&nbsp;&nbsp;Savings | (0.5) | (5.8) | (6.3) |
| &nbsp;&nbsp;&nbsp;Time | (0.7) | (1.6) | (2.3) |
| Total Interest-Bearing Deposits | (1.4) | (7.7) | (9.1) |
| Securities Sold Under Agreements to Repurchase |  |  |  |
| Other Debt |  |  |  |
| **Total Change in Interest Expense** | (1.4) | (7.7) | (9.1) |
| **Change in Net Interest Income** | $1.7 | $6.9 | $8.6 |

---

<sup>1</sup>The change in interest income and expense due to both volume and rate has been allocated between the factors in proportion to the relationship of the absolute dollar amounts of the change in each.

------

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| | | | |
|:---|:---|:---|:---|
| **Bank of Hawai'i Corporation and Subsidiaries** | **Bank of Hawai'i Corporation and Subsidiaries** | **Bank of Hawai'i Corporation and Subsidiaries** | **Bank of Hawai'i Corporation and Subsidiaries** |
| **Analysis of Change in Net Interest Income - Taxable-Equivalent Basis** | **Analysis of Change in Net Interest Income - Taxable-Equivalent Basis** | **Analysis of Change in Net Interest Income - Taxable-Equivalent Basis** | **Table 8b** |
| | **Three Months Ended December 31, 2025** | **Three Months Ended December 31, 2025** | **Three Months Ended December 31, 2025** |
| | **Compared to December 31, 2024** | **Compared to December 31, 2024** | **Compared to December 31, 2024** |
|<br>(dollars in millions) | **Volume** <sup>1</sup> | **Rate** <sup>1</sup> | **Total** |
| **Change in Interest Income:** |  |  |  |
| Cash and Cash Equivalents | $(2.0) | $(1.5) | $(3.5) |
| Investment Securities |  |  |  |
| &nbsp;&nbsp;&nbsp;Available-for-Sale |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Taxable | 7.1 | 2.5 | 9.6 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-Taxable | 0.1 | 0.0 | 0.1 |
| &nbsp;&nbsp;&nbsp;Held-to-Maturity |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Taxable | (1.6) | (0.1) | (1.7) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-Taxable | 0.0 |  | 0.0 |
| Total Investment Securities | 5.6 | 2.4 | 8.0 |
| Loans Held for Sale | 0.0 | 0.0 | 0.0 |
| Loans and Leases |  |  |  |
| &nbsp;&nbsp;&nbsp;Commercial Mortgage | 3.6 | (0.4) | 3.2 |
| &nbsp;&nbsp;&nbsp;Commercial and Industrial | (1.3) | (1.1) | (2.4) |
| &nbsp;&nbsp;&nbsp;Construction | (1.5) | (0.5) | (2.0) |
| &nbsp;&nbsp;&nbsp;Commercial Lease Financing | 0.1 | 0.1 | 0.2 |
| &nbsp;&nbsp;&nbsp;Residential Mortgage | 1.0 | 1.1 | 2.1 |
| &nbsp;&nbsp;&nbsp;Home Equity | (0.6) | 2.4 | 1.8 |
| &nbsp;&nbsp;&nbsp;Automobile | (1.1) | 1.1 | 0.0 |
| &nbsp;&nbsp;&nbsp;Other | 0.4 | 0.4 | 0.8 |
| Total Loans and Leases | 0.6 | 3.1 | 3.7 |
| Other | 0.6 | (0.5) | 0.1 |
| **Total Change in Interest Income** | 4.8 | 3.5 | 8.3 |
| **Change in Interest Expense:** |  |  |  |
| Interest-Bearing Deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;Demand | 0.1 | (0.7) | (0.6) |
| &nbsp;&nbsp;&nbsp;Savings | 0.5 | (8.7) | (8.2) |
| &nbsp;&nbsp;&nbsp;Time | (1.6) | (6.2) | (7.8) |
| Total Interest-Bearing Deposits | (1.0) | (15.6) | (16.6) |
| Securities Sold Under Agreements to Repurchase | (0.5) | 0.0 | (0.5) |
| Other Debt |  | 0.0 | 0.0 |
| **Total Change in Interest Expense** | (1.5) | (15.6) | (17.1) |
| **Change in Net Interest Income** | $6.3 | $19.1 | $25.4 |

---

<sup>1</sup>The change in interest income and expense due to both volume and rate has been allocated between the factors in proportion to the relationship of the absolute dollar amounts of the change in each.

------

---

| | | | |
|:---|:---|:---|:---|
| **Bank of Hawai'i Corporation and Subsidiaries** | **Bank of Hawai'i Corporation and Subsidiaries** | | |
| **Analysis of Change in Net Interest Income - Taxable-Equivalent Basis** | **Analysis of Change in Net Interest Income - Taxable-Equivalent Basis** | |<br>**Table 8c** |
| | **Twelve Months Ended December 31, 2025** | **Twelve Months Ended December 31, 2025** | **Twelve Months Ended December 31, 2025** |
| | **Compared to December 31, 2024** | **Compared to December 31, 2024** | **Compared to December 31, 2024** |
|<br>(dollars in millions) | **Volume** <sup>1</sup> | **Rate** <sup>1</sup> | **Total** |
| **Change in Interest Income:** |  |  |  |
| Cash and Cash Equivalents | $(2.1) | $(5.2) | $(7.3) |
| Investment Securities |  |  |  |
| &nbsp;&nbsp;&nbsp;Available-for-Sale |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Taxable | 23.6 | (0.1) | 23.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-Taxable | 1.1 | 0.0 | 1.1 |
| &nbsp;&nbsp;&nbsp;Held-to-Maturity |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Taxable | (6.6) | (0.5) | (7.1) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-Taxable | (0.1) |  | (0.1) |
| Total Investment Securities | 18.0 | (0.6) | 17.4 |
| Loans Held for Sale | (0.1) | 0.0 | (0.1) |
| Loans and Leases |  |  |  |
| &nbsp;&nbsp;&nbsp;Commercial Mortgage | 15.1 | (5.3) | 9.8 |
| &nbsp;&nbsp;&nbsp;Commercial and Industrial | (2.1) | (4.6) | (6.7) |
| &nbsp;&nbsp;&nbsp;Construction | 0.6 | (1.6) | (1.0) |
| &nbsp;&nbsp;&nbsp;Commercial Lease Financing | 1.6 | 0.4 | 2.0 |
| &nbsp;&nbsp;&nbsp;Residential Mortgage | 1.4 | 0.9 | 2.3 |
| &nbsp;&nbsp;&nbsp;Home Equity | (3.3) | 9.5 | 6.2 |
| &nbsp;&nbsp;&nbsp;Automobile | (4.0) | 4.9 | 0.9 |
| &nbsp;&nbsp;&nbsp;Other | 0.6 | 2.2 | 2.8 |
| Total Loans and Leases | 9.9 | 6.4 | 16.3 |
| Other | 0.4 | (0.1) | 0.3 |
| **Total Change in Interest Income** | 26.1 | 0.5 | 26.6 |
| **Change in Interest Expense:** |  |  |  |
| Interest-Bearing Deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;Demand | (0.1) | (3.4) | (3.5) |
| &nbsp;&nbsp;&nbsp;Savings | 7.6 | (27.0) | (19.4) |
| &nbsp;&nbsp;&nbsp;Time | (0.5) | (21.1) | (21.6) |
| Total Interest-Bearing Deposits | 7.0 | (51.5) | (44.5) |
| Securities Sold Under Agreements to Repurchase | (2.4) | 0.0 | (2.4) |
| Other Debt | 0.1 | (0.1) | 0.0 |
| **Total Change in Interest Expense** | 4.7 | (51.6) | (46.9) |
| **Change in Net Interest Income** | $21.4 | $52.1 | $73.5 |

---

<sup>1.</sup>The change in interest income and expense due to both volume and rate has been allocated between the factors in proportion to the relationship of the absolute dollar amounts of the change in each.

------

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Bank of Hawai'i Corporation and Subsidiaries** | **Bank of Hawai'i Corporation and Subsidiaries** | **Bank of Hawai'i Corporation and Subsidiaries** | **Bank of Hawai'i Corporation and Subsidiaries** | | |
| **Salaries and Benefits** | **Salaries and Benefits** | | | |<br>**Table 9** |
| | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Twelve Months Ended** | **Twelve Months Ended** |
|<br>(dollars in thousands) | **December 31, 2025** | **September 30, 2025** | **December 31, 2024** | **December 31, 2025** | **December 31, 2024** |
| Salaries | $39915 | $40428 | $38852 | $158229 | $154538 |
| Incentive Compensation | 4535 | 4280 | 4423 | 19455 | 15708 |
| Share-Based Compensation | 4379 | 3979 | 3208 | 15527 | 13667 |
| Retirement and Other Benefits | 4378 | 3895 | 3456 | 17228 | 15408 |
| Medical, Dental, and Life Insurance | 3916 | 3908 | 4965 | 15971 | 14900 |
| Payroll Taxes | 2740 | 2998 | 2593 | 13502 | 13232 |
| Commission Expense | 1670 | 1326 | 1085 | 5172 | 3575 |
| Separation Expense | 142 | 2091 | 108 | 3688 | 1536 |
| **Total Salaries and Benefits** | $61675 | $62905 | $58690 | $248772 | $232564 |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Bank of Hawai'i Corporation and Subsidiaries** | **Bank of Hawai'i Corporation and Subsidiaries** | **Bank of Hawai'i Corporation and Subsidiaries** | **Bank of Hawai'i Corporation and Subsidiaries** | **Bank of Hawai'i Corporation and Subsidiaries** | **Bank of Hawai'i Corporation and Subsidiaries** |
| **Loan and Lease Portfolio Balances** | **Loan and Lease Portfolio Balances** | **Loan and Lease Portfolio Balances** | **Loan and Lease Portfolio Balances** | | **Table 10** |
| (dollars in thousands) | **December 31,<br>2025** | **September 30,<br>2025** | **June 30,<br>2025** | **March 31,<br>2025** | **December 31,<br>2024** |
| Commercial |  |  |  |  |  |
| &nbsp;&nbsp;Commercial Mortgage | $4205791 | $4040711 | $4038956 | $4038287 | $4020622 |
| &nbsp;&nbsp;Commercial and Industrial | 1584245 | 1581232 | 1597560 | 1703290 | 1705133 |
| &nbsp;&nbsp;Construction | 208584 | 380944 | 374768 | 363716 | 308898 |
| &nbsp;&nbsp;Lease Financing | 88303 | 92213 | 92842 | 92456 | 90756 |
| Total Commercial | 6086923 | 6095100 | 6104126 | 6197749 | 6125409 |
| Consumer |  |  |  |  |  |
| &nbsp;&nbsp;Residential Mortgage | 4775502 | 4685214 | 4637014 | 4630876 | 4628283 |
| &nbsp;&nbsp;Home Equity | 2114809 | 2129599 | 2139025 | 2144955 | 2165514 |
| &nbsp;&nbsp;Automobile | 690376 | 699244 | 715688 | 740390 | 764146 |
| &nbsp;&nbsp;Other | 414440 | 412422 | 406325 | 401353 | 392628 |
| Total Consumer | 7995127 | 7926479 | 7898052 | 7917574 | 7950571 |
| **Total Loans and Leases** | $14082050 | $14021579 | $14002178 | $14115323 | $14075980 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Deposits** | | | | | |
| (dollars in thousands) | **December 31,<br>2025** | **September 30,<br>2025** | **June 30,<br>2025** | **March 31,<br>2025** | **December 31,<br>2024** |
| Consumer | $10466617 | $10393932 | $10429271 | $10522627 | $10397777 |
| Commercial | 8597265 | 8348396 | 8243898 | 8411838 | 8299590 |
| Public and Other | 2124613 | 2338341 | 2125745 | 2073752 | 1935670 |
| **Total Deposits** | $21188495 | $21080669 | $20798914 | $21008217 | $20633037 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Average Deposits** | | | | | |
| | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** |
|<br>(dollars in thousands) | **December 31,<br>2025** | **September 30,<br>2025** | **June 30,<br>2025** | **March 31,<br>2025** | **December 31,<br>2024** |
| Consumer | $10373200 | $10387715 | $10435867 | $10408747 | $10327928 |
| Commercial | 8478592 | 8504078 | 8316893 | 8318182 | 8564213 |
| Public and Other | 2128407 | 2176493 | 1946933 | 1942610 | 1864541 |
| **Total Deposits** | $20980199 | $21068286 | $20699693 | $20669539 | $20756682 |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Bank of Hawai'i Corporation and Subsidiaries** | **Bank of Hawai'i Corporation and Subsidiaries** | **Bank of Hawai'i Corporation and Subsidiaries** | **Bank of Hawai'i Corporation and Subsidiaries** | **Bank of Hawai'i Corporation and Subsidiaries** | |
| **Non-Performing Assets and Accruing Loans and Leases Past Due 90 Days or More** | **Non-Performing Assets and Accruing Loans and Leases Past Due 90 Days or More** | **Non-Performing Assets and Accruing Loans and Leases Past Due 90 Days or More** | **Non-Performing Assets and Accruing Loans and Leases Past Due 90 Days or More** | **Non-Performing Assets and Accruing Loans and Leases Past Due 90 Days or More** |<br>**Table 11** |
| (dollars in thousands) | **December 31,<br>2025** | **September 30,<br>2025** | **June 30,<br>2025** | **March 31,<br>2025** | **December 31,<br>2024** |
| **Non-Performing Assets** |  |  |  |  |  |
| Non-Accrual Loans and Leases |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Commercial |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial Mortgage | $2085 | $2498 | $2566 | $2195 | $2450 |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial and Industrial | 1940 | 3506 | 3744 | 3451 | 4627 |
| &nbsp;&nbsp;Total Commercial | 4025 | 6004 | 6310 | 5646 | 7077 |
| &nbsp;&nbsp;Consumer |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Residential Mortgage | 5382 | 5628 | 5842 | 4686 | 5052 |
| &nbsp;&nbsp;&nbsp;&nbsp;Home Equity | 4469 | 5107 | 5387 | 5759 | 4514 |
| &nbsp;&nbsp;&nbsp;Total Consumer | 9851 | 10735 | 11229 | 10445 | 9566 |
| Total Non-Accrual Loans and Leases | 13876 | 16739 | 17539 | 16091 | 16643 |
| Foreclosed Real Estate | 295 | 125 | 342 | 1360 | 2657 |
| **Total Non-Performing Assets** | $14171 | $16864 | $17881 | $17451 | $19300 |
| **Accruing Loans and Leases Past Due 90 Days or More** |  |  |  |  |  |
| &nbsp;&nbsp;Consumer |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Residential Mortgage | $8834 | $7456 | $9070 | $3895 | $3984 |
| &nbsp;&nbsp;&nbsp;&nbsp;Home Equity | 2152 | 2765 | 1867 | 2228 | 2845 |
| &nbsp;&nbsp;&nbsp;&nbsp;Automobile | 520 | 525 | 680 | 486 | 776 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other | 753 | 578 | 630 | 943 | 677 |
| Total Consumer | 12259 | 11324 | 12247 | 7552 | 8282 |
| **Total Accruing Loans and Leases Past Due 90 Days or More** | $12259 | $11324 | $12247 | $7552 | $8282 |
| **Total Loans and Leases** | $14082050 | $14021579 | $14002178 | $14115323 | $14075980 |
| Ratio of Non-Accrual Loans and Leases to Total Loans and Leases | 0.10% | 0.12% | 0.13% | 0.11% | 0.12% |
| Ratio of Non-Performing Assets to Total Loans and Leases and Foreclosed Real Estate | 0.10% | 0.12% | 0.13% | 0.12% | 0.14% |
| Ratio of Non-Performing Assets to Total Assets | 0.06% | 0.07% | 0.08% | 0.07% | 0.08% |
| Ratio of Commercial Non-Performing Assets to Total Commercial Loans and Leases and Commercial Foreclosed Real Estate | 0.07% | 0.10% | 0.10% | 0.09% | 0.12% |
| Ratio of Consumer Non-Performing Assets to Total Consumer Loans and Leases and Consumer Foreclosed Real Estate | 0.13% | 0.14% | 0.15% | 0.15% | 0.15% |
| Ratio of Non-Performing Assets and Accruing Loans and Leases Past Due 90 Days or More to Total Loans and Leases and Foreclosed Real Estate | 0.19% | 0.20% | 0.22% | 0.18% | 0.20% |
| **Quarter to Quarter Changes in Non-Performing Assets Balance at Beginning of Quarter** | $16864 | $17881 | $17451 | $19300 | $19781 |
| Additions <sup>1</sup> | 2608 | 959 | 3522 | 2209 | 2198 |
| Reductions |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Payments | (2631) | (804) | (1424) | (1212) | (708) |
| &nbsp;&nbsp;&nbsp;Return to Accrual Status | (1217) | (321) | (574) | (244) | (476) |
| &nbsp;&nbsp;&nbsp;Sales of Foreclosed Real Estate | (120) | (216) | (1040) | (1492) | - |
| &nbsp;&nbsp;&nbsp;Charge-offs / Write-downs <sup>1</sup> | (1333) | (635) | (54) | (1110) | (1495) |
| Total Reductions | (5301) | (1976) | (3092) | (4058) | (2679) |
| **Balance at End of Quarter** | $14171 | $16864 | $17881 | $17451 | $19300 |

---

<sup>1</sup>Excludes loans that are fully charged-off and placed on non-accrual status during the same period.

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Bank of Hawai'i Corporation and Subsidiaries** | **Bank of Hawai'i Corporation and Subsidiaries** | **Bank of Hawai'i Corporation and Subsidiaries** | **Bank of Hawai'i Corporation and Subsidiaries** | **Bank of Hawai'i Corporation and Subsidiaries** | |
| **Reserve for Credit Losses** | **Reserve for Credit Losses** | **Reserve for Credit Losses** | **Reserve for Credit Losses** | |<br>**Table 12** |
| | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Twelve Months Ended** | **Twelve Months Ended** |
|<br>(dollars in thousands) | **December 31, 2025** | **September 30, 2025** | **December 31, 2024** | **December 31, 2025** | **December 31, 2024** |
| **Balance at Beginning of Period** | $150051 | $150128 | $150325 | $150649 | $152429 |
| Loans and Leases Charged-Off |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial and Industrial | (1331) | (171) | (353) | (3107) | (2609) |
| &nbsp;&nbsp;&nbsp;&nbsp;Consumer |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Residential Mortgage |  |  | (337) |  | (385) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Home Equity | (165) | (28) | (339) | (423) | (701) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Automobile | (1654) | (1368) | (1548) | (6026) | (5342) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other | (2192) | (2392) | (2637) | (9465) | (10099) |
| **Total Loans and Leases Charged-Off** | (5342) | (3959) | (5214) | (19021) | (19136) |
| Recoveries on Loans and Leases Previously Charged-Off |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial and Industrial | 92 | 98 | 387 | 345 | 832 |
| &nbsp;&nbsp;&nbsp;&nbsp;Consumer |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Residential Mortgage | 11 | 58 | 150 | 91 | 303 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Home Equity | 88 | 177 | 177 | 573 | 792 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Automobile | 517 | 559 | 609 | 2266 | 2168 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other | 486 | 490 | 465 | 2000 | 2111 |
| **Total Recoveries on Loans and Leases Previously Charged-Off** | 1194 | 1382 | 1788 | 5275 | 6206 |
| Net Charged-Off - Loans and Leases | (4148) | (2577) | (3426) | (13746) | (12930) |
| Provision for Credit Losses: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Loans and Leases | 2136 | 2812 | 4623 | 11984 | 15055 |
| &nbsp;&nbsp;&nbsp;&nbsp;Unfunded Commitments | 364 | (312) | (873) | (484) | (3905) |
| Total Provision for Credit Losses | 2500 | 2500 | 3750 | 11500 | 11150 |
| **Balance at End of Period** | $148403 | $150051 | $150649 | $148403 | $150649 |
| **Components** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Allowance for Credit Losses - Loans and Leases | $146766 | $148778 | $148528 | $146766 | $148528 |
| &nbsp;&nbsp;&nbsp;&nbsp;Reserve for Unfunded Commitments | 1637 | 1273 | 2121 | 1637 | 2121 |
| **Total Reserve for Credit Losses** | $148403 | $150051 | $150649 | $148403 | $150649 |
| **Average Loans and Leases Outstanding** | $14013532 | $13982003 | $13964687 | $14026427 | $13868916 |
| Ratio of Net Loans and Leases Charged-Off to Average Loans and Leases Outstanding (annualized) | 0.12% | 0.07% | 0.10% | 0.10% | 0.09% |
| Ratio of Allowance for Credit Losses to Loans and Leases Outstanding <sup>1</sup> | 1.04% | 1.06% | 1.06% | 1.04% | 1.06% |

---

<sup>1</sup>The numerator comprises the Allowance for Credit Losses - Loans and Leases.

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Bank of Hawai'i Corporation and Subsidiaries** | **Bank of Hawai'i Corporation and Subsidiaries** | **Bank of Hawai'i Corporation and Subsidiaries** | **Bank of Hawai'i Corporation and Subsidiaries** | **Bank of Hawai'i Corporation and Subsidiaries** |
| **Business Segments Selected Financial Information** | **Business Segments Selected Financial Information** | **Business Segments Selected Financial Information** | | **Table 13** |
| (dollars in thousands) | **Consumer Banking** | **Commercial Banking** | **Treasury and Other** | **Consolidated Total** |
| **Three Months Ended December 31, 2025** |  |  |  |  |
| Net Interest Income (Expense) | $97044 | $56365 | $(8035) | $145374 |
| Provision for (Recapture of) Credit Losses | 3059 | 1088 | (1647) | 2500 |
| Net Interest Income (Expense) After Provision for Credit Losses | 93985 | 55277 | (6388) | 142874 |
| Noninterest Income | 34574 | 23638 | (13941) | 44271 |
| &nbsp;&nbsp;&nbsp;Salaries and Benefits | 21318 | 4434 | 35923 | 61675 |
| &nbsp;&nbsp;&nbsp;Net Occupancy | 6977 | 395 | 2657 | 10029 |
| &nbsp;&nbsp;&nbsp;Other Noninterest Expense | 61042 | 11156 | (34384) | 37814 |
| Noninterest Expense | 89337 | 15985 | 4196 | 109518 |
| Income (Loss) Before Provision for Income Taxes | 39222 | 62930 | (24525) | 77627 |
| Provision (Benefit) for Income Taxes | 9929 | 16284 | (9521) | 16692 |
| **Net Income (Loss)** | $29293 | $46646 | $(15004) | $60935 |
| **Total Assets as of December 31, 2025** | $8337939 | $6125727 | $9712698 | $24176364 |
| **Three Months Ended December 31, 2024 ¹** |  |  |  |  |
| Net Interest Income (Expense) | $98019 | $53516 | $(31357) | $120178 |
| Provision for (Recapture of) Credit Losses | 3751 | (326) | 325 | 3750 |
| Net Interest Income (Expense) After Provision for Credit Losses | 94268 | 53842 | (31682) | 116428 |
| Noninterest Income | 34800 | 7490 | 757 | 43047 |
| &nbsp;&nbsp;&nbsp;Salaries and Benefits | 19984 | 4799 | 33907 | 58690 |
| &nbsp;&nbsp;&nbsp;Net Occupancy | 7074 | 474 | 2715 | 10263 |
| &nbsp;&nbsp;&nbsp;Other Noninterest Expense | 58458 | 13601 | (33081) | 38978 |
| Noninterest Expense | 85516 | 18874 | 3541 | 107931 |
| Income (Loss) Before Provision for Income Taxes | 43552 | 42458 | (34466) | 51544 |
| Provision (Benefit) for Income Taxes | 11136 | 10819 | (9573) | 12382 |
| **Net Income (Loss)** | $32416 | $31639 | $(24893) | $39162 |
| **Total Assets as of December 31, 2024** | $8288997 | $6145162 | $9166955 | $23601114 |
| **Twelve Months Ended December 31, 2025** |  |  |  |  |
| Net Interest Income (Expense) | $383955 | $220084 | $(66500) | $537539 |
| Provision for (Recapture of) Credit Losses | 11551 | 2194 | (2245) | 11500 |
| Net Interest Income (Expense) After Provision for Credit Losses | 372404 | 217890 | (64255) | 526039 |
| Noninterest Income | 135923 | 47086 | (3919) | 179090 |
| &nbsp;&nbsp;&nbsp;Salaries and Benefits | 84773 | 19834 | 144165 | 248772 |
| &nbsp;&nbsp;&nbsp;Net Occupancy | 28578 | 1593 | 11848 | 42019 |
| &nbsp;&nbsp;&nbsp;Other Noninterest Expense | 236285 | 52332 | (136261) | 152356 |
| Noninterest Expense | 349636 | 73759 | 19752 | 443147 |
| Income (Loss) Before Provision for Income Taxes | 158691 | 191217 | (87926) | 261982 |
| Provision (Benefit) for Income Taxes | 40291 | 49097 | (33308) | 56080 |
| **Net Income (Loss)** | $118400 | $142120 | $(54618) | $205902 |
| **Total Assets as of December 31, 2025** | $8337939 | $6125727 | $9712698 | $24176364 |
| **Twelve Months Ended December 31, 2024 ¹** |  |  |  |  |
| Net Interest Income (Expense) | $391137 | $206450 | $(131007) | $466580 |
| Provision for (Recapture of) Credit Losses | 11969 | 913 | (1732) | 11150 |
| Net Interest Income (Expense) After Provision for Credit Losses | 379168 | 205537 | (129275) | 455430 |
| Noninterest Income | 134568 | 28768 | 9193 | 172529 |
| &nbsp;&nbsp;&nbsp;Salaries and Benefits | 81477 | 20436 | 130651 | 232564 |
| &nbsp;&nbsp;&nbsp;Net Occupancy | 27551 | 1816 | 12717 | 42084 |
| &nbsp;&nbsp;&nbsp;Other Noninterest Expense | 230916 | 52100 | (127556) | 155460 |
| Noninterest Expense | 339944 | 74352 | 15812 | 430108 |
| Income (Loss) Before Provision for Income Taxes | 173792 | 159953 | (135894) | 197851 |
| Provision (Benefit) for Income Taxes | 44290 | 40530 | (36963) | 47857 |
| **Net Income (Loss)** | $129502 | $119423 | $(98931) | $149994 |
| **Total Assets as of December 31, 2024** | $8288997 | $6145162 | $9166955 | $23601114 |

---

<sup>1</sup>Certain prior period information has been reclassified to conform to current presentation.

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Bank of Hawai'i Corporation and Subsidiaries** | **Bank of Hawai'i Corporation and Subsidiaries** | **Bank of Hawai'i Corporation and Subsidiaries** | **Bank of Hawai'i Corporation and Subsidiaries** | **Bank of Hawai'i Corporation and Subsidiaries** | |
| **Selected Quarterly Financial Data** | **Selected Quarterly Financial Data** | **Selected Quarterly Financial Data** | **Selected Quarterly Financial Data** | **Selected Quarterly Financial Data** |<br>**Table 14** |
| | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** |
|<br>(dollars in thousands, except per share amounts) | **December 31, 2025** | **September 30, 2025** | **June 30, 2025** | **March 31, 2025** | **December 31, 2024** |
| **Quarterly Operating Results** |  |  |  |  |  |
| Interest Income |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest and Fees on Loans and Leases | $168234 | $169411 | $166779 | $163082 | $164785 |
| &nbsp;&nbsp;&nbsp;Income on Investment Securities |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Available-for-Sale | 32950 | 29702 | 27007 | 24368 | 23223 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Held-to-Maturity | 18929 | 19332 | 19835 | 20291 | 20677 |
| &nbsp;&nbsp;&nbsp;Cash and Cash Equivalents | 5936 | 8195 | 3817 | 5460 | 9425 |
| &nbsp;&nbsp;&nbsp;Other | 1245 | 1068 | 1097 | 1085 | 1107 |
| Total Interest Income | 227294 | 227708 | 218535 | 214286 | 219217 |
| Interest Expense |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Deposits | 75477 | 84590 | 82476 | 81692 | 92099 |
| &nbsp;&nbsp;&nbsp;Securities Sold Under Agreements to Repurchase | 496 | 496 | 491 | 744 | 992 |
| &nbsp;&nbsp;&nbsp;Other Debt | 5947 | 5947 | 5885 | 6043 | 5948 |
| Total Interest Expense | 81920 | 91033 | 88852 | 88479 | 99039 |
| **Net Interest Income** | 145374 | 136675 | 129683 | 125807 | 120178 |
| Provision for Credit Losses | 2500 | 2500 | 3250 | 3250 | 3750 |
| Net Interest Income After Provision for Credit Losses | 142874 | 134175 | 126433 | 122557 | 116428 |
| Noninterest Income |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Trust and Asset Management | 12883 | 12598 | 12097 | 11741 | 12157 |
| &nbsp;&nbsp;&nbsp;Fees, Exchange, and Other Service Charges | 12298 | 15219 | 14383 | 14437 | 14399 |
| &nbsp;&nbsp;&nbsp;Service Charges on Deposit Accounts | 8694 | 8510 | 8119 | 8259 | 8678 |
| &nbsp;&nbsp;&nbsp;Bank-Owned Life Insurance | 3758 | 3681 | 3714 | 3611 | 3283 |
| &nbsp;&nbsp;&nbsp;Annuity and Insurance | 1124 | 1095 | 1437 | 1555 | 1347 |
| &nbsp;&nbsp;&nbsp;Mortgage Banking | 917 | 906 | 849 | 988 | 942 |
| &nbsp;&nbsp;&nbsp;Investment Securities Losses, Net | (18717) | (1945) | (1126) | (1607) | (3306) |
| &nbsp;&nbsp;&nbsp;Other | 23314 | 5902 | 5322 | 5074 | 5547 |
| **Total Noninterest Income** | 44271 | 45966 | 44795 | 44058 | 43047 |
| Noninterest Expense |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Salaries and Benefits | 61675 | 62905 | 61308 | 62884 | 58690 |
| &nbsp;&nbsp;&nbsp;Net Equipment | 10047 | 10285 | 9977 | 10192 | 10308 |
| &nbsp;&nbsp;&nbsp;Net Occupancy | 10029 | 10932 | 10499 | 10559 | 10263 |
| &nbsp;&nbsp;&nbsp;Data Processing | 5659 | 5603 | 5456 | 5267 | 5313 |
| &nbsp;&nbsp;&nbsp;Professional Fees | 3682 | 4022 | 4263 | 4264 | 4988 |
| &nbsp;&nbsp;&nbsp;FDIC Insurance | 2378 | 3508 | 3640 | 1642 | 3711 |
| &nbsp;&nbsp;&nbsp;Other | 16048 | 15132 | 15640 | 15651 | 14658 |
| **Total Noninterest Expense** | 109518 | 112387 | 110783 | 110459 | 107931 |
| Income Before Provision for Income Taxes | 77627 | 67754 | 60445 | 56156 | 51544 |
| Provision for Income Taxes | 16692 | 14409 | 12808 | 12171 | 12382 |
| **Net Income** | $60935 | $53345 | $47637 | $43985 | $39162 |
| Preferred Stock Dividends | 5269 | 5269 | 5269 | 5269 | 5269 |
| **Net Income Available to Common Shareholders** | $55666 | $48076 | $42368 | $38716 | $33893 |
| Basic Earnings Per Common Share | $1.40 | $1.21 | $1.07 | $0.98 | $0.86 |
| Diluted Earnings Per Common Share | $1.39 | $1.20 | $1.06 | $0.97 | $0.85 |
| **Balance Sheet Totals** |  |  |  |  |  |
| Loans and Leases | $14082050 | $14021579 | $14002178 | $14115323 | $14075980 |
| Total Assets | 24176364 | 24014609 | 23709752 | 23885056 | 23601114 |
| Total Deposits | 21188495 | 21080669 | 20798914 | 21008217 | 20633037 |
| Total Shareholders' Equity | 1851212 | 1791183 | 1743107 | 1704935 | 1667774 |
| **Performance Ratios** |  |  |  |  |  |
| Return on Average Assets | 1.01% | 0.88% | 0.81% | 0.75% | 0.66% |
| Return on Average Shareholders' Equity | 13.33 | 12.10 | 11.21 | 10.65 | 9.42 |
| Return on Average Common Equity | 15.03 | 13.59 | 12.50 | 11.80 | 10.30 |
| Efficiency Ratio <sup>1</sup> | 57.75 | 61.53 | 63.49 | 65.03 | 66.12 |
| Net Interest Margin <sup>2</sup> | 2.61 | 2.46 | 2.39 | 2.32 | 2.19 |

---

<sup>1</sup>Efficiency ratio is defined as noninterest expense divided by total revenue (net interest income and total noninterest income).

<sup>2</sup>Net interest margin is defined as net interest income, on a taxable-equivalent basis, as a percentage of average earning assets.

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Bank of Hawai'i Corporation and Subsidiaries** | **Bank of Hawai'i Corporation and Subsidiaries** | **Bank of Hawai'i Corporation and Subsidiaries** | **Bank of Hawai'i Corporation and Subsidiaries** | **Bank of Hawai'i Corporation and Subsidiaries** | **Bank of Hawai'i Corporation and Subsidiaries** | **Bank of Hawai'i Corporation and Subsidiaries** |
| **Hawaii Economic Trends** | | | | | | **Table 15** |
| | **Nine Months Ended** | **Nine Months Ended** | **Year Ended** | **Year Ended** | **Year Ended** | **Year Ended** |
|<br>(dollars in millions, jobs in thousands, 1-year percentage change) | **September 30, 2025** <sup>1</sup> | **September 30, 2025** <sup>1</sup> | **December 31, 2024** | **December 31, 2024** | **December 31, 2023** | **December 31, 2023** |
| **Hawaii Economic Trends** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;State General Fund Revenues <sup>2</sup> | $7240.5 | (7.1)% | $10124.9 | 6.5% | $9504.1 | 0.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;General Excise and Use Tax Revenue <sup>2</sup> | 3614.4 | 4.7 | 4495.0 | 0.5 | 4474.1 | 4.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;Jobs <sup>3</sup> | 669.8 |  | 661.6 |  | 657.7 |  |
|  |  |  |  | **November 30,** | **December 31,** | **December 31,** |
|  |  |  |  | **2025** | **2024** | **2023** |
| **Unemployment, seasonally adjusted** <sup>3</sup> |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Statewide |  |  |  | 2.2% | 3.0% | 3.0% |
| &nbsp;&nbsp;&nbsp;&nbsp; Honolulu County |  |  |  | 2.1 | 2.9 | 2.5 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hawaii County |  |  |  | 2.6 | 3.4 | 2.9 |
| &nbsp;&nbsp;&nbsp;&nbsp; Maui County |  |  |  | 2.7 | 3.7 | 5.8 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kauai County |  |  |  | 2.0 | 3.0 | 2.5 |
|  |  |  | **December 31,** | **December 31,** | **December 31,** | **December 31,** |
| (1-year percentage change, except months of inventory) | (1-year percentage change, except months of inventory) |  | **2025** | **2024** | **2023** | **2022** |
| **Housing Trends (Single Family Oahu)** <sup>4</sup> |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Median Home Price |  |  | 3.5% | 4.8% | (5.0)% | 11.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;Home Sales Volume (units) |  |  | 3.5% | 9.1% | (26.3)% | (23.2)% |
| &nbsp;&nbsp;&nbsp;&nbsp;Months of Inventory |  |  | 2.6 | 2.9 | 2.8 | 2.1 |

---

---

| | | |
|:---|:---|:---|
| (in thousands, except percentage change) | **Monthly Visitor Arrivals,<br>Not Seasonally Adjusted** | **Percentage Change<br>from Previous Year** |
| **Tourism** <sup>5</sup> |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;November 30, 2025 | 728.1 | (3.7)% |
| &nbsp;&nbsp;&nbsp;&nbsp;October 31, 2025 | 727.2 | (1.2) |
| &nbsp;&nbsp;&nbsp;&nbsp;September 30, 2025 | 674.9 | (2.2) |
| &nbsp;&nbsp;&nbsp;&nbsp;August 31, 2025 | 806.8 | (2.6) |
| &nbsp;&nbsp;&nbsp;&nbsp;July 31, 2025 | 870.8 | (4.6) |
| &nbsp;&nbsp;&nbsp;&nbsp;June 30, 2025 | 855.7 | (1.9) |
| &nbsp;&nbsp;&nbsp;&nbsp;May 31, 2025 | 766.4 | 1.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;April 30, 2025 | 810.3 | 9.4 |
| &nbsp;&nbsp;&nbsp;&nbsp;March 31, 2025 | 890.0 | 2.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;February 28, 2025 | 739.7 | (1.7) |
| &nbsp;&nbsp;&nbsp;&nbsp;January 31, 2025 | 773.1 | 3.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;December 31, 2024 | 892.0 | 5.3 |
| &nbsp;&nbsp;&nbsp;&nbsp;November 30, 2024 | 755.8 | 4.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;October 31, 2024 | 736.1 | 5.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;September 30, 2024 | 690.2 | 6.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;August 31, 2024 | 828.3 | 8.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;July 31, 2024 | 912.8 | (1.9) |
| &nbsp;&nbsp;&nbsp;&nbsp;June 30, 2024 | 872.6 | (1.5) |
| &nbsp;&nbsp;&nbsp;&nbsp;May 31, 2024 | 757.8 | (4.1) |
| &nbsp;&nbsp;&nbsp;&nbsp;April 30, 2024 | 740.7 | (8.1) |
| &nbsp;&nbsp;&nbsp;&nbsp;March 31, 2024 | 865.8 | (3.0) |
| &nbsp;&nbsp;&nbsp;&nbsp;February 29, 2024 | 752.7 | 2.6 |
| &nbsp;&nbsp;&nbsp;&nbsp;January 31, 2024 | 745.6 | (3.8) |
| &nbsp;&nbsp;&nbsp;&nbsp;December 31, 2023 | 847.3 | (1.3) |

---

<sup>1</sup>Based on the latest complete available data

<sup>2</sup>Source: Hawaii Department of Business, Economic Development & Tourism

<sup>3</sup>Source: U.S. Bureau of Labor Statistics

<sup>4</sup>Source: Honolulu Board of Realtors

<sup>5</sup>Source: Hawaii Tourism Authority

## Exhibit 99.2

![](ex992bohearningspresenta001.jpg)

Bank of Hawai'i Corporation fourth quarter 2025 financial report January 26, 2026

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![](ex992bohearningspresenta002.jpg)

this presentation, and other statements made by the Company in connection with it, may contain forward-looking statements concerning, among other things, forecasts of our financial results and condition, expectations for our operations and business prospects, and our assumptions used in those forecasts and expectations. we have not committed to update forward-looking statements to reflect later events or circumstances disclosure 2 forward-looking statements

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![](ex992bohearningspresenta003.jpg)

diversified, lower risk loan assets fourth quarter 2025 highlights broad & deep market penetration stable b lance sheet performance earnings highlights strong credit credit remains pristine • end of period total deposits and total loans and leases increased modestly • noninterest-bearing demand increased by 6.6% from the linked quarter, leading to positive deposit mix shift • tier 1 capital ratio of 14.49% and total capital ratio of 15.54% • total common equity to tangible assets increased to 6.11% from 5.90% • $1.39 diluted earnings per common share • $60.9 million net income • net interest margin expanded for the seventh consecutive quarter to 2.61% from 2.46% • average cost of total deposits decreased to 1.43% from 1.59% • spot cost of total deposits decreased to 1.30% • return on average common equity increased to 15.03% from 13.59% • return on average assets increased to 1.01% from 0.88% • share buybacks resumed in the fourth quarter of 2025 • 0.12% net charge-off rate • 0.10% non-performing assets • 80% of loan portfolio real estate-secured with wtd avg LTV of 51% note: changes are in comparison to linked quarter unless specified otherwise 3

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![](ex992bohearningspresenta004.jpg)

unique business model superior risk adjusted returns over time • attractive core market • dominant market position • fortress risk profile 4

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![](ex992bohearningspresenta005.jpg)

5 unmatched brand awareness – total unaided 58% 67% 70% 67% 66% 69% 71% 76% 79% 81% 82% 79% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 BOH vs three closest competitors BOH competitor #1 competitor #2 competitor #3 Q. when you think of financial services companies in Hawai'i, what company comes to mind? any others? source: blind study commissioned by Bank of Hawai'i with a leading third-party professional research company based in Hawai'i. hybrid (telephone and online) target sample of 400 adult Hawai'i residents per quarter, primary or shared financial decision-makers in household, and have a checking or savings account with any financial institution.

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![](ex992bohearningspresenta006.jpg)

leader in a unique deposit market the leader in a unique deposit market with five local competitors holding 95% of the bank deposit market, with consistent long-term growth BOH 28.3% FHB 30.5% ASB 18.2% CPF 14.4% TBNK 4.2% other 4.4% 2005 BOH 34.1% FHB 32.5%ASB 14.4% CPF 11.7% TBNK 2.9% other 4.4% 2024 BOH 34.5% FHB 32.1%ASB 14.2% CPF 11.6% TBNK 3.0% other 4.6% 2025 BOH 6.1% FHB 1.6% CPF -2.8% ASB -3.9% TBNK -1.2% -8% -6% -4% -2% 0% 2% 4% 6% 8% ch an ge in m a rk e t s h ar e si n ce 2 0 05 6source: FDIC Annual Summary of Deposits as of June 30, 2020, June 30, 2024 and June 30, 2025. TBNK acquired by HOPE in April 2025. numbers may not add up due to rounding

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![](ex992bohearningspresenta007.jpg)

cost of funds interest-bearing deposits 0.07% 0.11% 0.30% 0.69% 1.09% 1.54% 1.95% 2.30% 2.39% 2.46% 2.52% 2.37% 2.16% 2.16% 2.14% 1.94% 0.13% 0.20% 0.48% 0.97% 1.59% 2.11% 2.44% 2.73% 2.91% 2.99% 3.05% 2.84% 2.66% 2.63% 2.64% 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 BOH KRX median source: S&P Capital IQ; KBW Regional Banking Index (KRX) 7

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cost of funds total deposits 0.05% 0.07% 0.20% 0.46% 0.75% 1.08% 1.40% 1.67% 1.74% 1.81% 1.87% 1.77% 1.60% 1.60% 1.59% 1.43% 0.08% 0.12% 0.31% 0.66% 1.09% 1.52% 1.85% 2.10% 2.19% 2.26% 2.34% 2.19% 2.01% 1.99% 1.98% 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 BOH KRX median source: S&P Capital IQ; KBW Regional Banking Index (KRX) 8

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accretive and predictable balance sheet remix note: loan cashflow refers to cashflow from fixed and adjustable loans; 5.8% roll on rate assumes that the cashflows from maturities/prepayments from loans were reinvested into the same products and the cashflows from maturities/prepayments from investment portfolio were reinvested into securities at an average rate of 4.9%, equivalent to average yield at the time of purchase of the securities purchased in 4Q25. $659 million 4Q25 loan & investment cashflow 5.8% roll on rate accretive & predictable NII expansion 4.0% roll off rate 9

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ongoing NIM expansion 2.11% 0.04% 0.03% 0.01% 0.13% 0.07% 0.07% 0.15% 2.61% avg Fed Funds 3.50% 3.85% 4.20% 4.55% 4.90% 5.25% 5.60% 0.00% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% 1Q24 NIM 2Q24 vs 1Q24 3Q24 vs 2Q24 4Q24 vs 3Q24 1Q25 vs 4Q24 2Q25 vs 1Q25 3Q25 vs 2Q25 4Q25 vs 3Q25 4Q25 NIM a vg F e d F un d s N IM 10

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![](ex992bohearningspresenta011.jpg)

conservative loan portfolio focused on core market CRE C&I residential mortgage home equity auto residential mortgage 34% home equity 15% CRE 30% construction 1% C&I and leasing 12% auto & other consumer 7% non-core 0.6% 10-yr avg NPA 10-yr avg NCO % Hawaiʻi/ West Pac asset type core 0.14%-0.01%100%residential mortgage 0.24%-0.06%100%home equity 0.15%0.01%94%CRE n/a0.00%100%construction 0.07%-0.03%92%C&I and leasing n/a0.93%100%auto & other consumer core: real estate secured core: non real estate secured non-core 11

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credit performance

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lending philosophy Hawaiʻi 93% U.S. mainland 3% West Pacific 4% we lend in our core markets to long-standing relationships note: as of December 31, 2025 13

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consumer portfolio wtd avg FICOWALTV % total loans % total consumerasset type 80349%34%60%residential mortgage 78946%15%26%home equity 79948%49%86%real estate secured 730n/a5%9%automobile 761n/a3%5%other consumer 791n/a57%100%total consumer $8.0B consumer notes: $ in billions; numbers may not add up due to rounding other consumer primarily comprised of consumer revolving credit, installment, and auto lease financing wtd avg monitoring FICO for other consumer utilizes origination FICO for auto lease financing 57% of total loans 14 residential mortgage $4.8 home equity $2.1 automobile $0.7 other consumer $0.4

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C&I $1.6 CRE $4.2 construction $0.2 leasing $0.1 commercial portfolio residential mortgage home equity $6.1B commercial WALTV % total loans % total commlasset type 54%30%69%commercial real estate 57%1%3%construction 54%31%73%real estate secured n/a11%26%commercial & industrial n/a1%1%leasing n/a43%100%total commercial note: $ in billions; numbers may not add up due to rounding 43% of total loans 15

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inventory (sq ft)vacancy 10 yr CAGR10 yr avg3Q243Q25 0.63%1.63%1.10%1.13%industrial -1.01%12.42%13.13%13.11%office 0.72%6.08%5.82%5.04%retail 0.68%4.79%4.05%3.83%multi-family Oahu market vacancies and inventory stable real estate market note: 10-year average vacancy and 10-yr CAGR for inventory are based on year-end 2014 through 2024 source: Colliers (industrial, office, retail) and CoStar (multi-family) 16

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![](ex992bohearningspresenta017.jpg)

multi-family 8.5% industrial 5.5% retail 4.9% lodging 4.6% office 2.4% other 3.9% commercial real estate (CRE) residential mortgage home equity 30% of total loans avg. exposure ($MMs)WALTVasset type 3.955%multi-family 2.755%industrial 4.453%retail 14.150%lodging 1.758%office 4.052%other 3.754%total CRE note: % in chart above is % of total loans 17

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CRE scheduled maturities 17.2% 9.4% 8.6% 4.1% 15.0% 45.7% 0 500 1,000 1,500 2,000 2,500 2026 2027 2028 2029 2030 2031+ $ m ill io ns modest near-term maturities 18

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![](ex992bohearningspresenta019.jpg)

63.8% 26.3% 8.3% 1.1% 0.02% 0.5% 0 500 1,000 1,500 2,000 2,500 ≤ 60% > 60% to 70% > 70% to 80% > 80% to 85% > 85% to 90% > 90% $ m ill io ns CRE loan balances by LTV LTV > 80% - $69MM, 1.6% of CRE 19

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commercial & industrial residential mortgage home equity 11% of total loans AOAO 3.4% real estate investors 1.4% auto dealers 1.2% renewable energy 0.7% lodging 0.7% educational svcs 0.6% transportation 0.5% wholesale trade 0.5% other 2.3% avg. exposure ($MMs)% leveragedindustry 1.80%AOAO 1.30%RE investors 4.515%auto dealers 2.60%renewable energy 6.220%lodging 2.00%educational svcs 1.40%transportation 0.524%wholesale trade 0.38%other 0.75%total C&I 20note: % in chart above is % of total loans

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credit quality 0.10% 0.07% 0.12% $0 $0 $0 $0 $0 $0 $0 $0 $0 4Q24 3Q25 4Q25 net charge-offs NCOs/average loans 0.14% 0.12% 0.10% 0.00% 0.05% 0.10% 0.15% 0.20% 0.25% 0.30% 0.35% 0.40% 4Q24 3Q25 4Q25 non-performing assets NPAs/period-end loans plus OREO 1 86% of total criticized is secured with 54% wtd avg LTV 0.34% 0.29% 0.36% 0.00% 0.20% 0.40% 0.60% 0.80% 1.00% 1.20% 1.40% 4Q24 3Q25 4Q25 delinquencies delinquencies/period-end loans 2.10% 2.05% 2.12% 4Q24 3Q25 4Q25 criticized criticized/period-end loans 1 21

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financial update

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NII and NIM trends seventh consecutive quarter of NII and NIM expansion $ in millions $125 $133 $142 $141 $136 $124 $121 $116 $114 $115 $118 $120 $126 $130 $137 $145 2.34% 2.47% 2.60% 2.60% 2.47% 2.22% 2.13% 2.13% 2.11% 2.15% 2.18% 2.19% 2.32% 2.39% 2.46% 2.61% 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 NII NIM 23

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cashflow repricing total quarterly impact to NII from cashflows repricing: +$3.0 million note: +$3.0 million in quarterly impact from cashflows repricing assumes that the cashflows from maturities/prepayments from loans were reinvested into the same products and the cashflows from maturities/prepayments from investment portfolio were reinvested into securities at an average rate of 4.9%, equivalent to average yield at the time of purchase of the securities purchased in 4Q25; excludes cashflows from securities repricing; numbers may not add up due to rounding 4.5% 6.4% 2.0% 5.0% 5.7% 0.7% 2.6% 4.9% 2.3% 4.0% 5.8% 1.8% 0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% 7.0% 8.0% matured/run-off yield reinvestment opportunities incremental spread 4Q25 maturities/prepayments reinvestment opportunities fixed loans adjustable loans inv. portfolio total $322 $132 $205 $659 $- $100 $200 $300 $400 $500 $600 $700 4Q25 maturities/prepayments fixed loans adjustable loans inv. portfolio total 24 $ in millions

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deposit mix shift and repricing quarterly NII impact from deposit mix shift and repricing in 4Q25: +$0.7 million $(749) $(967) $(800) $(627) $(488) $(448) $(315) $(105) $(37) $(59) $(104) $100 $(1,000) $(800) $(600) $(400) $(200) $- $200 1Q23 vs 4Q22 2Q23 vs 1Q23 3Q23 vs 2Q23 4Q23 vs 3Q23 1Q24 vs 4Q23 2Q24 vs 1Q24 3Q24 vs 2Q24 4Q24 vs 3Q24 1Q25 vs 4Q24 2Q25 vs 1Q25 3Q25 vs 2Q25 4Q25 vs 3Q25 QoQ change in average NIBD and low yield interest-bearing deposit balances note: low yield interest-bearing deposits include accounts yielding interest of 10 bps or less 25 $ in millions

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NIBD expansion $ in millions $184 $225 ($15) ($596) ($456) ($399) ($176) ($146) ($129) ($192) ($78) $9 $8 $51 $33 $171 -$700 -$500 -$300 -$100 $100 $300 $500 $700 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 QoQ change in average noninterest-bearing deposits 26

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27 NII impact from 25 bps Fed Funds cut net NII impact per quarter for 25 bps FF decrease from rate sensitive earning assets: $(4.4) million short-term net NII impact per quarter for 25 bps FF decrease from rate sensitive deposits: +$3.9 million long-term net NII impact per quarter for 25 bps FF decrease from rate sensitive deposits: +$5.8 million short-term net NII impact: $(0.4) million & long-term net NII impact: +$1.4 million note: loans, investments and swap balances are as of December 31, 2025; FF sold balance is 4Q25 end of period balance; rate sensitive deposit balances are 4Q25 average balances; low-yield accounts are accounts yielding interest of 10 bps or less; all of qualified business money management checking accounts are included in 'IBD excl. low-yield accounts'; long-term NII impact per quarter for 25 bps FF decrease from rate sensitive deposits assumes 85% beta on savings excl. low-yield accounts & IBD excl. low-yield accounts and 100% beta on time deposits; short-term NII impact assumes 0% beta on time deposits; numbers may not add up due to rounding. rate sensitive earning assets rate sensitive interest-bearing deposits $3.3 $1.4 $1.5 $0.7 $- $1.0 $2.0 $3.0 $4.0 $ in b ill io ns loans investments swaps FF sold balances $6.2 $1.2 $3.0 $- $1.0 $2.0 $3.0 $4.0 $5.0 $6.0 $7.0 $8.0 $ in b ill io ns savings excl. low-yield accounts IBD excl. low-yield accounts time $10.4B balances $(2.1) $(0.9) $(0.9) $(0.4) $(3.0) $(2.0) $(1.0) $- $ in m ill io ns loans investments swaps FF sold NII impact $7.0B NII impact $3.3 $3.3 $0.7 $0.7 $1.9 $3.9 $5.8 $- $1.0 $2.0 $3.0 $4.0 $5.0 $6.0 short-term NII impact long-term NII impact $ in m ill io ns savings excl. low yield accounts IBD excl. low-yield accounts time

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1.52% 1.42% 1.34% 2.05% 1.94% 1.84% total deposit cost interest-bearing deposit cost trend in cost of deposits 28 16% 28% 29% 28% 31% downward beta on total deposits 0.05% 0.07% 0.20% 0.46% 0.75% 1.08% 1.40% 1.67% 1.74% 1.81% 1.87% 1.77% 1.60% 1.60% 1.59% 1.43% 0.07%0.11% 0.30% 0.69% 1.09% 1.54% 1.95% 2.30% 2.39% 2.46% 2.52% 2.37% 2.16% 2.16% 2.14% 1.94%

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29 time deposit maturity schedule $1.4B 52% $0.7B 24% $0.2B 8% $0.3B 10% 3.10% 3.04% 2.98% 2.92% 0% 10% 20% 30% 40% 50% 60% 1Q26 2Q26 3Q26 4Q26 % o f to ta l t im e de po si ts s ch ed ul ed t o m a tu re balance as % of total time deposits weighted average rate 52% of time deposits set to reprice in 3 months and 76% in 6 months note: as of December 31, 2025

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30 optimizing balance sheet $1.0 $1.7 $1.7 $1.7 $1.5 $1.3 $1.3 $1.5 $1.1 $1.1 $1.0 $1.3 $1.3 $1.3 $1.3 $0.7 $0.7 $0.7 $0.3 $0.4 $- $0.2 $2.0 $3.0 $3.0 $3.0 $2.8 $2.0 $2.0 $2.2 $1.4 $1.5 $0.0 $0.5 $1.0 $1.5 $2.0 $2.5 $3.0 $3.5 $ in b ill io ns active swap composition fixed rate loans AFS securities 73% 72% 67% 61% 55% 55% 54% 53% 57% 56% 55% 57% 57% 26% 27% 27% 28% 29% 29% 29% 30% 32% 33% 33% 34% 33% 1% 9% 13% 13% 14% 12% 9% 9% 10% 6% 7% 0.4% 1% 5% 2% 3% 3% 3% 4% 2% 3% 2% 3% 3% 0% 20% 40% 60% 80% 100% 12/31/22 3/31/23 6/30/23 9/30/23 12/31/23 3/31/24 6/30/24 9/30/24 12/31/24 3/31/25 6/30/25 9/30/25 12/31/25 earning asset composition fixed float/adjustable swaps fed funds sold 100% 56% 44% 67% 81%100% 100% 44% 56% 33% 19% $(166) $236 $233 $241 $276 $223 $308 $(200) $(100) $- $100 $200 $300 $400 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 $ in m ill io ns securities purchases / sales fixed floating note: swaps in 'earning asset composition' and 'swap composition' does not include $500 million of forward swaps; 'securities purchases / sales' do not include stock and PCLI purchases

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noninterest income and expense $ in millions increase in noninterest income and continued discipline in expense management $43.0 $46.0 $44.3 $0 $10 $20 $30 $40 $50 4Q24 3Q25 4Q25 reported noninterest income $107.9 $112.4 $109.5 $0 $20 $40 $60 $80 $100 $120 4Q24 3Q25 4Q25 reported noninterest expense 31note: numbers may not add up due to rounding

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![](ex992bohearningspresenta032.jpg)

financial summary $ in millions, except per share amounts ∆ 4Q 2024∆ 3Q 20254Q 20243Q 20254Q 2025 $25.2 $8.7 $120.2 $136.7 $145.4 net interest income 1.2 (1.7)43.0 46.0 44.3 noninterest income 26.4 7.0 163.2 182.6 189.6 total revenue 1.6 (2.9)107.9 112.4 109.5 noninterest expense 24.8 9.9 55.3 70.3 80.1 operating income (1.3)-3.8 2.5 2.5 credit provision 4.3 2.3 12.4 14.4 16.7 income taxes $21.8 $7.6 $39.2 $53.3 $60.9 net income $21.8 $7.6 $33.9 $48.1 $55.7 net income available to common $0.54 $0.19 $0.85 $1.20 $1.39 diluted EPS % 0.35 % 0.13 % 0.66 % 0.88 % 1.01 return on assets 4.73 1.44 10.30 13.59 15.03 return on common equity 0.42 0.15 2.19 2.46 2.61 net interest margin end of period balances % 6.1 % 1.8 $7,308 $7,620 $7,756 investment portfolio 0.0 0.4 14,076 14,022 14,082 loans and leases 2.7 0.5 20,633 21,081 21,188 total deposits 11.0 3.4 1,668 1,791 1,851 shareholders' equity note: 4Q25 financials are preliminary; numbers may not add up due to rounding 32

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capital note: 4Q25 regulatory capital ratios are preliminary 6.50% 6.50% 6.50% 8.00% 8.00% 8.00% 10.00% 10.00% 10.00% 5.00% 5.00% 5.00% 5.09% 5.48% 5.63% 5.95% 6.34% 6.49% 5.00% 5.40% 5.54% 3.31% 3.44% 3.57% 11.59% 11.98% 12.13% 13.95% 14.34%14.49% 15.00% 15.40% 15.54% 8.31% 8.44% 8.57% 4Q24 3Q25 4Q25 4Q24 3Q25 4Q25 4Q24 3Q25 4Q25 4Q24 3Q25 4Q25 CET1 tier 1 capital total capital tier 1 leverage well-capitalized excess 13.6% BOHC strong capital 58.9% 59.2% 76.4% BOHC 3Q25 BOHC 4Q25 KRX median 3Q25 total 1 RWA / total assets 33

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![](ex992bohearningspresenta034.jpg)

✔ NII and NIM increased for the seventh consecutive quarter ✔ dominant market position in a unique market ✔ exceptional credit quality ✔ strong liquidity and risk-based capital takeaways 34

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Q & A

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appendix

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note: as of December 31, 2025, cash includes fed funds sold, interest-bearing deposits in other banks and cash and due from banks, and securities available includes unencumbered investment securities Bank of Hawai'i carries substantial liquidity lines and equivalents for both day-to-day operational and liquidity backstop purposes FRB FHLB securities available cash uninsured/ uncollateralized deposits $10.9B $8.0B readily available liquidity 37

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![](ex992bohearningspresenta038.jpg)

insured/collateralized deposits uninsured/ uncollateralized 38% uninsured/ collateralized 9% insured 53% note: as of December 31, 2025; numbers may not add up due to rounding 38

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![](ex992bohearningspresenta039.jpg)

Oahu market inventory 39 CRE supply constraints 10-yr CAGR: 0.6% 10-yr CAGR: -1.0% 10-yr CAGR: 0.7% 10-yr CAGR: 0.7% note: 10-yr CAGR for inventory are based on year-end 2014 through 2024 source: Colliers (industrial, office, retail) and CoStar (multi-family)

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![](ex992bohearningspresenta040.jpg)

CRE office 2% of total loans • 58% wtd avg LTV • $1.7MM average exposure • 17% CBD (downtown Honolulu) - 63% wtd avg LTV - 68% with repayment guaranties • 31% maturing prior to 2027 • 1.5% criticized highlights LTV ≤ 60% 43% LTV > 60% to 70% 39% LTV > 70% to 80% 6% LTV > 80% 12% LTV distribution $336MM 40 31.4% 4.9% 11.4% 2.3% 12.3% 37.6% - 50 100 150 200 250 300 2026 2027 2028 2029 2030 2031+ $ m ill io ns scheduled maturity

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![](ex992bohearningspresenta041.jpg)

CRE multi-family 9% of total loans • 55% wtd avg LTV • $3.9MM average exposure • 100.0% LIHTC, affordable or market • 15% maturing prior to 2027 • 3.7% criticized highlightsLTV ≤ 60% 60% LTV > 60% to 70% 28% LTV > 70% to 80% 10% LTV > 80% 2% LTV distribution 15.2% 2.1% 3.8% 2.4% 9.1% 67.3% - 300 600 900 2026 2027 2028 2029 2030 2031+ $ m ill io ns scheduled maturity $1.2B 41

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condominiumssingle family homes Δ YTD-24YTD-24YTD-25Δ YTD-24YTD-24YTD-25 -1.5% $515$507 3.5% $1,100$1,139 median sales price (000s) -1.1% 4, 4594,408 3.5% 2, 7932,890closed sales 14 days 3044 4 days 1923 median days on market stable real estate prices Oahu market indicators – YTD 2025 as of December 2025 source: Honolulu Board of Realtors, compiled from MLS data 42

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2.2% 20.2% 2.6% 2.8% 3.0% 3.0% 4.3% 4.5% 1 Q 2 0 2 Q 2 0 3 Q 2 0 4 Q 2 0 1 Q 2 1 2 Q 2 1 3 Q 2 1 4 Q 2 1 1 Q 2 2 2 Q 2 2 3 Q 2 2 4 Q 2 2 1 Q 2 3 2 Q 2 3 3 Q 2 3 4 Q 2 3 1 Q 2 4 2 Q 2 4 3 Q 2 4 4 Q 2 4 1 Q 2 5 2 Q 2 5 3 Q 2 5 4 Q 2 5 1 Q 2 6 2 Q 2 6 Hawai'i unemployment Hawai'i unemployment forecast national unemployment unemployment experience & forecast source for Hawai'i unemployment: University of Hawaii Economic Research Organization (UHERO), quarterly data, seasonally adjusted source for national unemployment: Bureau of Labor Statistics, quarterly data, seasonally adjusted national unemployment reflects average of Nov 2025 and Dec 2025 rate 43

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44 visitor arrivals monthly by market, indexed to January 2017 source: Hawaii Department of Business, Economic Development, and Tourism (DBEDT) - 20 40 60 80 100 120 140 160 180 200 total US visitor Japan other

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revenue per available room revenue per available room (RevPAR) 45source: Hawaii Department of Business, Economic Development, and Tourism (DBEDT) $0 $30 $60 $90 $120 $150 $180 $210 $240 $270 $300 $330 $360

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