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Bank of Hawaii Corporation - BOH STOCK NEWS

Welcome to our dedicated page for Bank of Hawaii Corporation news (Ticker: BOH), a resource for investors and traders seeking the latest updates and insights on Bank of Hawaii Corporation stock.

Bank of Hawaii Corp. (BOH) is the largest independent financial institution in Hawaii, established in 1897. As the primary subsidiary of Bank of Hawaii Corporation, it serves a diverse range of clients including businesses, consumers, and governments across Hawaii, American Samoa, and the West Pacific.

Bank of Hawaii provides a comprehensive range of financial products and services predominantly to customers in Hawaii, Guam, and other Pacific Islands. The company is structured into three main business segments:

  • Consumer Banking: This segment generates the majority of the revenue and offers an array of financial products and services such as loans, deposit products, insurance, private banking, trust services, and investment management.
  • Commercial Banking: Offering tailored financial solutions to businesses and institutions, it includes commercial loans, real estate finance, and treasury management services.
  • Treasury and Other: This segment focuses on asset and liability management, investment securities portfolio, and other financial operations.

Additionally, Bank of Hawaii subsidiaries engage in equipment leasing, securities brokerage, investment advisory services, and providing credit insurance.

Recent Achievements and Current Projects: Bank of Hawaii has recently made strides in digital transformation to enhance customer experience. The institution launched multiple online and mobile banking features to provide more convenient and secure access to its services. Furthermore, the company continues to expand its financial education initiatives and community outreach programs, reinforcing its commitment to supporting the local communities.

The company remains financially strong, backed by a sound capital position and a diversified revenue stream. Partnerships with local businesses and international financial entities continue to bolster its market presence, ensuring robust service delivery and innovative product offerings.

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Bank of Hawai'i (BOH) has announced key leadership changes. James C. Polk has been promoted to President of Bank of Hawai'i and its primary operating subsidiary. Polk, with 25 years at BOH and over 35 years in financial services, will oversee all revenue-generating businesses, including Commercial Banking, Merchant Services, Cash Management, Wealth Management, and now Retail Banking.

Additionally, Matthew K.M. Emerson has been appointed Chief Retail Banking Officer. Emerson, who joined BOH in 2010, will be responsible for Consumer Banking products, Branch Banking, and the Contact Center. Both executives will report to Peter S. Ho, who continues as Chairman and CEO.

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Bank of Hawai‘i (NYSE: BOH) will release its Q2 2024 financial results on July 22, 2024, before market opens. A conference call is scheduled at 2:00 p.m. ET (8:00 a.m. HT) on the same day, accessible via the company's website. A replay will be available for one year starting approximately 11:00 a.m. HT on July 22, 2024.

The Board declared quarterly dividends of $10.94 per share for Series A Preferred Stock ($0.2735 per depositary share) and $8.89 per share for Series B Preferred Stock ($0.2223 per depositary share). Dividends will be payable on August 1, 2024, to shareholders of record as of July 18, 2024.

The Series A and B Preferred Stocks trade on NYSE under symbols “BOH.PRA” and “BOH.PRB”. Bank of Hawai‘i , founded in 1897, offers regional financial services in Hawai‘i and the West Pacific.

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Bank of Hawai‘i (NYSE: BOH) announced the pricing of a public offering of 6,600,000 depositary shares, each representing 1/40th ownership in an 8.000% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B. This offering aims to generate gross proceeds of $165 million, with each preferred stock share having a $1,000 liquidation preference, translating to $25 per depositary share. The offering is set to close on June 21, 2024, provided customary closing conditions are met.

The net proceeds, estimated at $162 million after deducting underwriting discounts and commissions, will be used for general corporate purposes, including supporting asset growth. Joint-book running managers for the offering include BofA Securities, J.P. Morgan Securities, Keefe, Bruyette & Woods, and Wells Fargo Securities. The company will apply to list the depositary shares on the NYSE under the symbol 'BOHPrB'.

This announcement does not constitute an offer to sell or a solicitation to buy the securities, which have not been approved or disapproved by any regulatory authority.

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Bank of Hawai‘i reported a diluted earnings per common share of $0.87 for Q1 2024, with a net income of $36.4 million. The Board of Directors declared a dividend of $0.70 per common share. Financial performance was solid, with key capital ratios improving. Net interest income decreased slightly, while noninterest income remained flat. Noninterest expense decreased, and the effective tax rate increased. Asset quality remained strong, with non-performing assets at 0.09%. Total assets decreased, primarily due to decreases in investment securities and loans. Capital levels increased, with Tier 1 Capital Ratio at 12.74%. No shares were repurchased, and a quarterly cash dividend of $0.70 per share was declared. The Company's financial results will be reviewed in a conference call today.
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Bank of Hawai‘i (NYSE: BOH) announced the release of its first quarter 2024 financial results and declared a quarterly dividend payment for its Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A. The company will hold a conference call on April 22, 2024, and the dividend will be payable on May 1, 2024.
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Bank of Hawai‘i Corporation (NYSE: BOH) reported diluted earnings per common share of $4.14 for 2023, down from $5.48 in 2022. Net income for the year was $171.2 million, a 24.2% decrease from the previous year. The return on average common equity for 2023 was 13.89%, compared with 17.83% in 2022. The fourth quarter of 2023 saw diluted earnings per common share of $0.72, down 36.5% from the previous quarter. Net income for the quarter was $30.4 million, a 50.4% decrease from the same quarter in 2022. The company's total deposits were up 2.1% from the prior year, and non-performing assets were at 0.08% at quarter end. Noninterest income decreased by 16.0% in the fourth quarter of 2023, and noninterest expense increased by 9.8% from the previous quarter. The Tier 1 Capital Ratio was 12.56% at December 31, 2023, compared with 12.53% at September 30, 2023. The Board of Directors declared a dividend of $0.70 per common share.
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Bank of Hawai‘i Corporation (NYSE: BOH) will release fourth quarter 2023 financial results on Monday, January 22, 2024. The company will also hold its quarterly conference call at 1:00 p.m. Eastern Time (8:00 a.m. Hawai‘i Time) on the same day. The Board of Directors declared the quarterly dividend payment of its Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A, of $10.94 per share, equivalent to $0.2735 per depositary share. The dividend will be payable on February 1, 2024 to shareholders of record of the preferred stock as of the close of business on January 16, 2024. Bank of Hawai‘i Corporation is a regional financial services company serving businesses, consumers, and governments in Hawai‘i and the West Pacific.
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Bank of Hawai‘i Corporation reports Q3 2023 diluted earnings per common share of $1.17, up 4.0% from the previous quarter. Net income for Q3 2023 was $47.9 million, up 4.0% from the previous quarter and down 9.3% from the same quarter of 2022.
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Bank of Hawai‘i Corporation to release Q3 2023 financial results and declare quarterly dividend
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Bank of Hawai‘i Corporation reports diluted earnings per common share of $1.12 for Q2 2023, down from $1.14 in Q1 2023 and $1.38 in Q2 2022. Net income for Q2 2023 was $46.1 million, down 1.7% from Q1 2023 and down 19.0% from Q2 2022. Total deposits increased by 0.1% from the previous quarter. Board of Directors declares dividend of $0.70 per common share.
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FAQ

What is Bank of Hawaii Corp?

Bank of Hawaii Corp. (BOH) is the largest independent financial institution in Hawaii, established in 1897, offering a wide range of financial services.

What services does Bank of Hawaii provide?

Bank of Hawaii offers loans, deposit products, insurance, private banking, trust services, investment management, and more.

What are the main segments of Bank of Hawaii Corp?

The main segments are Consumer Banking, Commercial Banking, and Treasury and Other.

Where does Bank of Hawaii operate?

Bank of Hawaii primarily serves customers in Hawaii, Guam, and other Pacific Islands.

What are some recent achievements of Bank of Hawaii?

Recent achievements include digital transformation initiatives and the launch of enhanced online and mobile banking features.

How is Bank of Hawaii contributing to the community?

Bank of Hawaii supports local communities through financial education initiatives and community outreach programs.

What is the financial condition of Bank of Hawaii Corp?

Bank of Hawaii remains financially strong with a sound capital position and diversified revenue stream.

Does Bank of Hawaii offer investment advisory services?

Yes, Bank of Hawaii provides investment advisory services through its subsidiaries.

How can I access Bank of Hawaii services?

Bank of Hawaii services can be accessed through their branches, online banking, and mobile banking platforms.

What kind of businesses does Bank of Hawaii cater to?

Bank of Hawaii caters to businesses, consumers, and governments, providing tailored financial solutions to each sector.

Bank of Hawaii Corporation

NYSE:BOH

BOH Rankings

BOH Stock Data

2.67B
39.70M
2.05%
81.19%
13.24%
Commercial Banking
Finance and Insurance
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United States of America
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