Welcome to our dedicated page for Bank Hawaii news (Ticker: BOH), a resource for investors and traders seeking the latest updates and insights on Bank Hawaii stock.
Bank of Hawaii Corporation reports recurring developments for a regional banking company serving customers in Hawaii, Guam, and other Pacific Islands. Its business includes consumer banking, commercial banking, treasury activities, loans and leases, deposit products, insurance products, trust services, investment management, institutional advisory services, securities brokerage, equipment leasing, and credit insurance.
Company news commonly centers on quarterly earnings, net interest income, net interest margin, deposit costs, earning-asset yields, loan and lease balances, credit quality, regulatory capital levels, share repurchases, and common or preferred stock dividends. Governance updates also include board actions and executive succession matters tied to the bank holding company and Bank of Hawaii.
Bank of Hawaii Corporation (NYSE: BOH) reported record diluted earnings of $6.25 per common share for 2021, a 64.7% increase from 2020. Net income reached $253.4 million, while diluted earnings per share for Q4 2021 were $1.55, up 50.9% year-over-year. Core loans rose 6.2% and deposits exceeded $20 billion, marking an 11.8% growth. Return on average assets was 1.14%, with strong asset quality as non-performing assets decreased. The company declared a quarterly dividend of $0.70 per share, payable on March 14, 2022.
Bank of Hawaii Corporation (NYSE: BOH) will announce its fourth quarter 2021 financial results on January 24, 2022. A conference call will follow at 1:00 p.m. ET. Investors can join via the company’s website or by phone. The Board of Directors declared a quarterly dividend of $10.94 per share on its Series A Preferred Stock, payable on February 1, 2022, to shareholders of record by January 18, 2022.
Bank of Hawaii Corp. (NYSE: BOH) has announced the election of Elliot K. Mills to its board of directors, effective October 22, 2021. This appointment increases the board size from 13 to 14 members. Mills, with over 25 years of experience in the travel industry, is currently vice president of hotel operations for Disneyland Resort and Aulani, a Disney Resort & Spa. He is recognized for his leadership in promoting Hawaiian culture and service excellence, contributing to awards such as the 2020 'Best Family Hotel in the USA' by U.S. News & World Report.
Bank of Hawaii Corporation (NYSE: BOH) reported diluted earnings per common share of $1.52 for Q3 2021, down from $1.68 in Q2 and up from $0.95 a year ago. Net income reached $62.1 million, an 8.1% decline from the previous quarter but a 64.0% increase year-over-year. Total assets hit a record $23.0 billion, with total deposits growing 15.5% from last year. The board declared a quarterly dividend of $0.70 per share payable on December 14, 2021. Credit quality remained stable, though net interest margin decreased by 35 basis points year-over-year.
Bank of Hawaii Corporation (NYSE: BOH) will announce its third quarter 2021 financial results on October 25, 2021, before market opening, followed by a conference call at 2:00 p.m. Eastern Time. Investors can access the call through the company's website. Additionally, the Board of Directors declared a quarterly dividend of $10.94 per share on its Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A, payable on November 1, 2021, to shareholders of record as of October 18, 2021.
Bank of Hawaii Corporation (NYSE: BOH) reported second quarter 2021 diluted earnings per share of $1.68, up from $1.50 in Q1 2021 and $0.98 in Q2 2020. Net income reached $67.5 million, increasing from $59.9 million sequentially and rising from $38.9 million year-over-year. Core loans and deposits continued to grow, with total assets hitting $22.7 billion. The company successfully issued $180 million in preferred stock, enhancing its balance sheet strength.
Bank of Hawaii Corporation (NYSE: BOH) will announce its second quarter 2021 financial results on July 26, 2021, before market opening. The company will hold a quarterly conference call at 2:00 p.m. ET, accessible via its investor relations website. Additionally, the Board of Directors declared a quarterly dividend of $5.59 per share for its Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A, payable on August 2, 2021, with a record date of July 16, 2021, for shareholders.
Bank of Hawaii Corporation (NYSE: BOH) priced a public offering of 7,200,000 depositary shares, each representing a 1/40th ownership interest in its 4.375% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A, generating gross proceeds of $180 million. The offering is set to close on June 15, 2021. Net proceeds, estimated at $176 million, will support asset growth and stock repurchases. The depositary shares will be listed on the NYSE under the symbol “BOHPrA”.
Bank of Hawaii Corporation (NYSE: BOH) reported strong financial results for Q1 2021. Diluted earnings per share increased to $1.50, up from $1.06 in Q4 2020 and $0.87 YoY. Net income rose to $59.9 million, compared to $42.3 million last quarter and $34.7 million last year. Total assets reached a record $21.9 billion, driven by a 7.4% increase in deposits. Return on average assets was 1.15%, and return on average equity was 17.65%. However, the net interest margin declined to 2.43% from 2.48% last quarter, reflecting lower interest rates and increased liquidity.
Bank of Hawaii Corporation (NYSE: BOH) will announce its first quarter 2021 financial results on April 26, 2021, prior to market opening. A conference call to discuss these results will take place at 2:00 p.m. Eastern Time, featuring a slide presentation accessible via the company's investor relations website. A replay of the call will be available for one week post-event. The Bank of Hawaii, established in 1897, provides financial services to businesses and consumers in Hawaii and the West Pacific, asserting its significance in regional finance.