Bank of Hawaii

BOH · NYSE · Financials · Financials, fiscal 2016 to 2025

BOH · Last close · November 6, 2026

$69.64

Bank of Hawaii's revenue rose 12.1% to $717 million in fiscal 2025. Net income was $206 million, up 37.3%. Its return on equity was 11.7%, up from 9.7% a year earlier. Its efficiency ratio was 61.8%, down from 67.3% a year earlier. It paid out $118 million in dividends and buybacks. The diluted share count rose 0.6%.

BANK OF HAWAII CORPORATION Latest fiscal year ended December 31, 2025 10-K filed February 24, 2026 · 0000046195-26-000015 Updated November 3, 2026

Revenue

$717M

12.1%

Net income

$206M

37.3%

Return on equity

11.7%

2.0 pts

Return on tangible equity

10.7%

1.0 pts

Efficiency ratio

61.8%

5.5 pts

Market cap

$2.8B

Nov 6 close

P/E

12.3x

On $5.65 EPS, 4 qtrs

Return on equity is net income as a share of shareholders' equity; return on tangible equity leaves out goodwill and other intangible assets. The efficiency ratio is operating costs as a share of revenue, so lower means the bank spends less to earn each dollar. Market cap is the last closing share price times the latest diluted share count, so it is approximate. P/E is the last close divided by diluted earnings per share over the last four quarters, or the latest fiscal year where the quarters aren't available; there is none when the company made a loss.

Charts show fiscal years, from the 10-K filings.

What Bank of Hawaii does

Bank of Hawai'i is the main subsidiary of a bank holding company based in Honolulu. The bank was organized in 1897 and offers a broad range of financial products and services, mainly to customers in Hawai'i, Guam and other Pacific Islands. Its deposits are insured by the FDIC, and it is regulated as a bank and as a holding company.

The company is organized into three business segments: Consumer Banking, Commercial Banking, and Treasury and Other. Like most banks, it takes in deposits and lends them out as loans, and earns the difference in interest along with fees for its services. Its loan portfolio is largely secured by real estate, with much of it in Hawai'i and the West Pacific.

The company says its business depends heavily on the local economies of the islands it serves, and on federal government activity there, including defense spending.

Its biggest risks, as it describes them

A downturn in the economy of Hawai'i, Guam and other Pacific Islands, where it does most of its business.
A drop in real estate values, because most of its loans are secured by real estate.
Cuts in federal defense spending in Hawai'i and the West Pacific.
Changes in interest rates that squeeze what it earns on loans.
Setting aside too little to cover loans that are not repaid.

From Bank of Hawaii's annual report on Form 10-K, filed February 24, 2026, in our words; the 10-K has the full description and every risk factor. Updated with each new annual report.

Income statement

Revenue and net income

US$ billions, fiscal years; net losses in red. Revenue on the left axis, net income on the right; zero is the same line on both. Revenue is net of interest expense.

Revenue (left axis)Net income (right axis)

Efficiency ratio and net interest income

Percent of revenue. The efficiency ratio is noninterest expense over revenue.

Efficiency ratioNet interest income share

From fiscal 2016 to 2025, earnings per share grew 1.0% a year and net income 1.4% a year, as buybacks cut the share count by 7%.

Diluted earnings per share

US$ per share, fiscal years, restated for any stock splits; loss years in red.

Return on equity

Percent. Net income over average equity; tangible equity excludes goodwill, intangibles and preferred stock.

Return on equityReturn on tangible common equity

Balance sheet

Loans and deposits

US$ billions, at each fiscal year end

Loans, netDeposits

Total assets and shareholders' equity

US$ billions, at each fiscal year end. Assets on the left axis, equity on the right.

Total assets (left axis)Equity (right axis)

Five years at a glance

Fiscal year end	FY21	FY22	FY23	FY24	FY25
Loans, net	12,101	13,502	13,819	—	—
Deposits	20,360	20,616	21,055	20,633	21,188
Loans to deposits	59.4%	65.5%	65.6%	—	—
Provision for credit losses	−50	−8	9	11	12
Provision to average loans	−0.4%	−0.1%	0.1%	—	—
Total assets	22,785	23,607	23,733	23,601	24,176
Shareholders' equity	1,612	1,317	1,414	1,668	1,851

US$ millions unless stated, at each fiscal year end.

Cash flow

Stock-based compensation and buybacks

US$ billions, fiscal years. Shares paid to employees (stock-based compensation, a cost that uses no cash) against cash spent buying shares back. Buybacks that only match it leave the share count roughly where it was.

Stock-based compensationShare buybacks

Dividends and buybacks

US$ billions, cash paid in each fiscal year

DividendsShare buybacks

Diluted share count

Weighted-average diluted shares, millions

Projections

Project Bank of Hawaii's revenue, net income and earnings per share five years ahead in a bull, a base and a bear case with your own figures, and see the share prices your P/E estimates give them. Every projected figure is yours: it is not a forecast of ours.

Open Bank of Hawaii's projections

Insider trades

Over the 12 months between November 7, 2025 and November 6, 2026, no insider bought Bank of Hawaii shares on the open market, and 5 insiders sold $2.3 million, $1.0 million of it under trading plans set up in advance.

Buys and sells by month

US$ millions, open-market purchases (up) and sales (down) by officers, directors and 10% owners in each month.

BoughtSold

Date	Insider	Trade	Shares	Price	Value	Filing
Aug 4, 2026	Marco A AbbruzzeseVice Chair	Sold	2,441	$81.59	$199,161	Form 4
Aug 3, 2026	Marco A AbbruzzeseVice Chair	Sold	2,000	$79.84	$159,680	Form 4
May 1, 2026	Kent Thomas LucienDirector	Sold	5,000	$80.17	$400,850	Form 4
Feb 6, 2026	Robert W Wo JrDirector	Sold	5,000	$78.57	$392,850	Form 4
Feb 5, 2026	Matthew EmersonVice Chair	Sold	1,996	$76.53	$152,754	Form 4
Jan 2, 2026	Peter S HoChairman & CEO, Director	Sold plan	15,000	$67.87	$1.0 million	Form 4

Open-market purchases and sales by officers, directors and 10% owners, from their Form 4 filings with the SEC: one row per person, day and filing, at the day's average price. Grants, option exercises and shares withheld for tax aren't counted. Insiders buy and sell for many reasons, such as taxes, spreading their savings or a plan set up months earlier, so a trade on its own says little about where a company is heading. For information only, not investment advice. Insider trades at all companies

Compare

Put Bank of Hawaii side by side with any other company we cover: revenue, growth, margins, cash flow and returns, with ten years of charts.

Similar companies

Company	Year	Revenue growth	Net margin	Return on equity	Return on tangible equity	Efficiency ratio	Compare
Bank of Hawaii	FY25	12.1%	28.7%	11.7%	10.7%	61.8%
Eastern Bankshares	FY25	−1.2%	12.2%	2.2%	3.0%	82.6%	Compare
WaFd	FY25	0.6%	31.2%	7.5%	9.2%	58.9%	Compare
Bancorp	FY25	31.9%	32.4%	30.9%	30.9%	31.7%	Compare
NBT Bancorp	FY25	20.8%	24.3%	9.9%	13.5%	63.9%	Compare

Each company's latest fiscal year. Fiscal years end in different months, so the periods don't line up exactly.

10 years of figures

Fiscal year	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Income statement
Revenue	615	643	655	681	681	669	698	674	639	717
Revenue growth	6.0%	4.5%	2.0%	3.9%	−0.1%	−1.8%	4.4%	−3.5%	−5.1%	12.1%
Net interest income	418	457	486	498	496	497	541	497	467	538
Noninterest income	197	185	169	183	184	171	158	177	172	179
Noninterest expense	351	358	372	379	374	394	415	438	430	443
Provision for credit losses	5	17	13	16	118	−50	−8	9	11	12
Net income	182	185	220	226	154	253	226	171	150	206
Diluted EPS (US$)	4.23	4.33	5.23	5.56	3.86	6.25	5.48	4.14	3.46	4.63
Diluted shares (millions)	43	43	42	41	40	40	40	39	40	40
Payouts
Dividends paid	81	87	98	106	107	111	113	112	112	113
Share buybacks	62	47	92	138	18	31	55	10	0	5
Balance sheet at fiscal year end
Loans, net	8,846	9,690	10,342	10,881	11,724	12,101	13,502	13,819	—	—
Deposits	14,320	14,884	15,027	15,784	18,212	20,360	20,616	21,055	20,633	21,188
Total assets	16,492	17,089	17,144	18,096	20,604	22,785	23,607	23,733	23,601	24,176
Shareholders' equity	1,162	1,232	1,268	1,287	1,374	1,612	1,317	1,414	1,668	1,851
Ratios
Return on equity	15.9%	15.4%	17.6%	17.7%	11.6%	17.0%	15.4%	12.5%	9.7%	11.7%
Return on tangible common equity	16.4%	15.8%	18.0%	18.1%	11.8%	18.3%	17.4%	14.2%	9.7%	10.7%
Return on assets	1.1%	1.1%	1.3%	1.3%	0.8%	1.2%	1.0%	0.7%	0.6%	0.9%
Efficiency ratio	57.0%	55.7%	56.7%	55.7%	54.9%	58.9%	59.5%	65.0%	67.3%	61.8%

US$ millions unless stated. Where a later 10-K restated a year, the latest filed figure is shown. Download all figures (CSV, US$ millions)

Source: Bank of Hawaii's Form 10-K filings, from SEC EDGAR. For information only, not investment advice. The Filing Desk is not affiliated with Bank of Hawaii.