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Bank of Hawaii Q3 2026 earnings rise to $64.3M

The board increased the common-stock repurchase authorization by $200 million to $268.7 million after quarter-end.

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Form Type
8-K

Rhea-AI Filing Summary

Bank of Hawaii Corporation reported third-quarter 2026 net income of $64.3 million, compared with $63.8 million in the linked quarter and $53.3 million a year earlier. Diluted earnings per common share were $1.49. Net interest income was $156.1 million, up 1.6% from the linked quarter, and net interest margin rose four basis points to 2.82%.

Non-performing assets were $43.4 million at September 30, 2026, up $31.9 million from June 30. The increase primarily reflected one commercial mortgage placed on non-accrual; the company said it did not believe this represented broader credit deterioration. Total loans and leases were $14.4 billion and deposits were $20.5 billion at quarter-end. The Tier 1 Capital Ratio was 14.41%, preliminary.

Bank of Hawaii repurchased 256,000 common shares for $20.2 million during the quarter. After quarter-end, the board increased the share repurchase authorization by $200 million to $268.7 million. It declared a quarterly common dividend of $0.70 per share, payable December 14, 2026, to shareholders of record November 30, 2026.

1 point · 0 major

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0 major · 1 point

How the balance works

Positive

  • Moderate pointNet income: $64.3 million versus $53.3 million in third quarter 2025.

Negative

  • Moderate pointNon-performing assets rose $31.9 million from June 30 to September 30, 2026.

Insights

Analyzing...

Item 2.02 Results of Operations and Financial Condition Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Net income $64.3 million Third quarter 2026; compared with $53.3 million in third quarter 2025.
Diluted earnings per common share $1.49 Third quarter 2026; $1.47 in the linked quarter.
Net interest income $156.1 million Third quarter 2026; up 1.6% from the linked quarter.
Net interest margin 2.82% Third quarter 2026; up 4 basis points from the linked quarter.
Non-performing assets $43.4 million At September 30, 2026; up $31.9 million from June 30, 2026.
Common shares repurchased and cost 256,000 shares; $20.2 million Third quarter 2026.
Share repurchase authorization $268.7 million After a $200 million increase subsequent to quarter-end.
Net interest margin financial
"Net interest margin was 2.82%"
Net interest margin measures how much a bank earns from lending and investing compared with what it pays for funding, expressed as a percentage of its interest-earning assets. Think of it like a grocery store’s markup: it shows the gap between buying cost and selling price per dollar of goods — here, the cost is interest paid and the sale is interest received. Investors watch it because a higher margin usually means a bank is more profitable and better at managing interest rate and credit conditions.
Non-performing assets financial
"Total non-performing assets were $43.4 million"
Loans or other credit exposures that are not producing expected income because borrowers have stopped making scheduled payments for a significant period (commonly around 90 days). Think of it like a business lending money that has gone quiet — the cash flow stops while the lender still carries the debt on its books. High levels of non-performing assets matter to investors because they reduce a lender’s earnings, tie up capital that could be used for growth, and signal higher risk of future losses.
non-accrual status financial
"placed on non-accrual status"
A loan or credit account is placed in non-accrual status when the lender stops recording expected interest income because the borrower is not making scheduled payments or repayment is doubtful. Think of it like a landlord who stops counting unpaid rent as future income once a tenant stops paying; it signals rising credit problems and potential losses. For investors, non-accrual levels indicate loan quality and can foreshadow write-downs, lower earnings, and increased risk to a lender’s balance sheet.
Allowance for credit losses financial
"allowance for credit losses on loans and leases"
Allowance for credit losses is a reserve set aside by a financial institution to cover potential losses from borrowers who may not repay their loans. It acts like a safety net, helping the institution prepare for loans that might turn sour. For investors, it signals how cautious the institution is about the quality of its loans and potential risks to its financial health.
Risk-weighted assets regulatory
"an increase in risk-weighted assets"
Risk-weighted assets are a bank’s assets (like loans and investments) adjusted by how risky regulators consider each one, so safer items count less and riskier items count more. Think of it as packing a suitcase where heavy, fragile items take up more “real” space; higher risk-weighted assets mean a bank must hold more capital as a cushion. Investors watch this because it affects a bank’s safety, regulatory limits and ability to lend or return money to shareholders.
Net income $64.3 million Up 0.7% from the linked quarter.
Diluted earnings per common share $1.49 Compared with $1.47 during the linked quarter.
Net interest income $156.1 million Up 1.6% from the linked quarter.
Net interest margin 2.82% Increased by 4 basis points from the linked quarter.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much did BOH earn in the third quarter of 2026?
Bank of Hawaii reported $64.3 million in net income and $1.49 in diluted earnings per common share. Net income was up 0.7% from the linked quarter.

What is BOH's updated share repurchase authorization?
After quarter-end, the board increased the share repurchase authorization by $200 million to $268.7 million. During the third quarter, Bank of Hawaii repurchased 256,000 shares for $20.2 million.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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false000004619500000461952026-10-262026-10-260000046195us-gaap:CommonStockMember2026-10-262026-10-260000046195us-gaap:SeriesAPreferredStockMember2026-10-262026-10-260000046195us-gaap:SeriesBPreferredStockMember2026-10-262026-10-26

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
Date of ReportOctober 26, 2026
(Date of earliest event reported)
BANK OF HAWAII CORPORATION
(Exact name of registrant as specified in its charter)
Delaware1-688799-0148992
(State of Incorporation)(Commission File Number)(IRS Employer Identification No.)
130 Merchant StreetHonoluluHawaii96813
(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:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, par value $0.01 per shareBOHNew York Stock Exchange
Depository Shares, Each Representing 1/40th Interest in a Share of 4.375% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A
BOH.PRANew York Stock Exchange
Depository Shares, Each Representing 1/40th Interest in a Share of 8.000% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B
BOH.PRBNew York Stock Exchange
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. ☐


Item 2.02.Results of Operations and Financial Condition.
On October 26, 2026, Bank of Hawaii Corporation announced its results of operations for the quarter ended September 30, 2026. 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
Exhibit No.
99.1
October 26, 2026 Press Release: Bank of Hawaii Corporation Third Quarter 2026 Financial Results. Any internet addresses provided in this release are for informational purposes only and are not intended to be hyperlinks. Furnished herewith.
99.2
Bank of Hawaii Corporation Third Quarter 2026 Financial Report
104Cover Page Interactive Data File (embedded within the Inline XBRL document)


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



Exhibit 99.1
bohnewsreleaseimagea.jpg
Bank of Hawai‘i Corporation Third Quarter 2026 Financial Results

•Diluted Earnings Per Common Share of $1.49
•Net Income of $64.3 Million
•Net Interest Margin Increased to 2.82%
•Share Repurchases of $20.2 Million
•Share Repurchase Program Increased by $200 Million

FOR IMMEDIATE RELEASE

HONOLULU, HI (October 26, 2026) -- Bank of Hawai‘i Corporation (NYSE: BOH) (the “Company”) today reported diluted earnings per common share of $1.49 for the third quarter of 2026, compared with $1.47 during the linked quarter. Net income for the quarter was $64.3 million, up 0.7% from the linked quarter. The return on average common equity for the third quarter of 2026 was 15.38% compared with 15.47% during the linked quarter.

“Bank of Hawai‘i delivered another quarter of solid performance, supported by continued expense discipline,” said Jim Polk, President and CEO. “Net interest margin expanded for the tenth consecutive quarter, reflecting the ongoing benefit of asset repricing and the positive impact of deposit repricing actions. Loan balances increased from the prior quarter, our funding profile remained resilient, and credit quality stayed healthy. We remain focused on enhancing earnings while maintaining the financial strength and resilience that differentiate our franchise. ”

Financial Highlights
Net interest income for the third quarter of 2026 was $156.1 million, an increase of 1.6% from the linked quarter. The increase was primarily driven by a 5-basis point increase in earning asset yield as fixed-rate assets rolled off and were reinvested at higher rates (fixed asset repricing). The benefits were partially offset by a shift from noninterest-bearing deposits and interest-bearing deposits yielding less than 10 basis points to higher yielding interest-bearing deposits accounts (deposit mix shift).

Net interest margin was 2.82% in the third quarter of 2026, an increase of 4 basis points from the linked quarter, reflecting the same asset yield and deposit cost dynamics as previously mentioned.



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Bank of Hawai‘i Corporation Third Quarter 2026 Financial Results     
  Page 2
The average yield on total earning assets was 4.13% and the average yield on loans and leases was 4.82% in the third quarter of 2026, up 5 basis points and 3 basis points, respectively, from the linked quarter. The increase in loan yield from the linked quarter was primarily driven by fixed asset repricing and additional loan production at higher current rates. Loan originations, including floating rate loans, during the quarter were originated at a weighted average rate of 5.89%.

The average quarterly rate of interest-bearing deposits was 1.72% and the average quarterly rate of total deposits, including noninterest-bearing deposits, was 1.27%, down 1 basis point and unchanged, respectively, from the linked quarter.

Noninterest income was $42.7 million in the third quarter of 2026, a decrease of 1.4% from the linked quarter. Noninterest income included a $0.6 million and a $0.4 million charge related to a Visa Class B share conversion ratio change in the third quarter of 2026 and linked quarter, respectively. Adjusted for these items, noninterest income for the third quarter of 2026 was down 0.9% from the linked quarter. The decrease was primarily due to lower gains on leased asset sales and seasonally higher trust-related tax services revenue in the linked quarter, partially offset by stronger deposit fees.

Noninterest expense was $112.3 million in the third quarter of 2026, an increase of 1.0% from the linked quarter. Noninterest expense in the linked quarter included a $0.5 million net benefit related to the forfeiture of restricted stock awards. Adjusted for this item, noninterest expense for the third quarter of 2026 increased by 0.5% from the linked quarter. The increase was primarily due to higher net equipment and net occupancy expenses.

The effective tax rate for the third quarter of 2026 was 23.24% compared to 22.31% during the linked quarter. The higher effective tax rate in the current quarter as compared to the linked quarter was primarily due to an increase in valuation allowance related to low-income housing investments.

Asset Quality

The Company’s overall asset quality remained stable during the third quarter of 2026. Provision for credit losses for the third quarter of 2026 was $2.8 million, down $0.9 million from the linked quarter.

Total non-performing assets were $43.4 million at September 30, 2026, up $31.9 million from June 30, 2026. Non-performing assets as a percentage of total loans and leases and foreclosed real estate were 0.30% at the end of the quarter, an increase of 22 basis points from the linked quarter. The increase was primarily due to a single commercial mortgage being placed on non-accrual status in the third quarter of 2026 due to borrower specific circumstances on this particular loan and is not believed to represent broader credit deterioration in the loan portfolio.

Net loan and lease charge-offs during the third quarter of 2026 were $3.3 million or 9 basis points annualized of total average loans and leases outstanding. Gross charge-offs of $4.7 million were partially offset by gross recoveries of $1.4 million. Compared to the linked quarter, net loan and lease charge-offs decreased by $0.1 million or 1 basis point annualized on total average loans and leases outstanding.

The allowance for credit losses on loans and leases was $146.2 million at September 30, 2026, a decrease of $0.8 million from June 30, 2026. The ratio of the allowance for credit losses to total loans and leases outstanding was 1.02% at the end of the quarter, a decrease of 1 basis point from June 30, 2026.
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Bank of Hawai‘i Corporation Third Quarter 2026 Financial Results     
  Page 3
Balance Sheet

Total assets were $23.8 billion at September 30, 2026, a decrease of 1.5% from December 31, 2025. The decrease from December 31, 2025 was primarily due to decreases in cash and cash equivalents and held-to-maturity securities, partially offset by increases in loans and leases.

The investment securities portfolio was $7.5 billion at September 30, 2026, a decrease of 3.3% from December 31, 2025. The decrease was primarily due to portfolio runoff, including maturities and paydowns, a decline in the fair value of our available-for-sale investment portfolio, partially offset by purchases of available-for-sale securities. 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 $14.4 billion at September 30, 2026, an increase of 2.1% from December 31, 2025. Total commercial loans were $6.3 billion at September 30, 2026, an increase of 3.8% from December 31, 2025. The increase was primarily due to commercial mortgage and commercial and industrial production. Total consumer loans were $8.1 billion at September 30, 2026, an increase of 0.7% from December 31, 2025. Both commercial and consumer loan originations during the period were partially offset by amortization and paydowns.

Total deposits were $20.5 billion at September 30, 2026, a decrease of 3.3% from December 31, 2025. The decrease was primarily driven by the strategic runoff of public funds and lower commercial deposit balances. Noninterest-bearing deposits made up 26.5% of total deposit balances at September 30, 2026, down from 27.2% at December 31, 2025. Average total deposits were $20.7 billion for the third quarter of 2026, down 1.5% from December 31, 2025, primarily reflecting lower commercial deposit balances during the period.
Capital and Dividends
The Company’s capital levels remain well above regulatory well-capitalized minimums.

The Tier 1 Capital Ratio was 14.41% at September 30, 2026 compared with 14.49% at December 31, 2025. The decrease from December 31, 2025 was due to an increase in risk-weighted assets and share repurchases, as discussed below, partially offset by an increase in retained earnings. The Tier 1 Leverage Ratio was 8.79% at September 30, 2026, compared with 8.57% at December 31, 2025. The increase from December 31, 2025 was due to a decline in average assets and an increase in retained earnings.

The Company repurchased 256 thousand shares of common stock at a total cost of $20.2 million under the share repurchase program in the third quarter of 2026. Total remaining buyback authority under the share repurchase program was $68.7 million at September 30, 2026. Subsequent to quarter end, the Board of Directors increased the authorization under the share repurchase program by $200 million to $268.7 million.

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 December 14, 2026 to shareholders of record at the close of business on November 30, 2026.


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Bank of Hawai‘i Corporation Third Quarter 2026 Financial Results     
  Page 4
On October 2, 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 November 2, 2026 to shareholders of record of the preferred stock as of the close of business on October 16, 2026.
Conference Call Information
The Company will review its third quarter financial results today at 8:00 a.m. Hawai‘i Time (2:00 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, www.boh.com. The conference call can be accessed via the link: https://register-conf.media-server.com/register/BIca3756a1006c4dff84049e53b338c6cf. A replay of the conference call will be available for one year beginning at approximately 11:00 a.m. Hawai‘i Time on Monday, October 26, 2026. The replay will be available on the Company's website, www.boh.com.
Investor Announcements
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 https://ir.boh.com, 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.

Forward-Looking Statements

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, 2025, which was 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
Financial HighlightsTable 1a
Three Months EndedNine Months Ended
(dollars in thousands, except per share amounts)September 30,
2026		June 30,
2026		September 30,
2025		September 30,
2026		September 30,
2025
For the Period:
Operating Results
Net Interest Income$156,054 $153,604 $136,675 $460,648 $392,165 
Provision for Credit Losses2,750 3,600 2,500 8,100 9,000 
Total Noninterest Income42,706 43,299 45,966 127,337 134,819 
Total Noninterest Expense112,304 111,186 112,387 339,561 333,629 
Pre-Provision Net Revenue86,456 85,717 70,254 248,424 193,355 
Net Income64,258 63,799 53,345 185,489 144,967 
Net Income Available to Common Shareholders58,989 58,530 48,076 169,681 129,159 
Basic Earnings Per Common Share1.50 1.48 1.21 4.30 3.26 
Diluted Earnings Per Common Share1.49 1.47 1.20 4.27 3.24 
Dividends Declared Per Common Share0.70 0.70 0.70 2.10 2.10 
Performance Ratios
Return on Average Assets1.07 %1.07 %0.88 %1.04 %0.82 %
Return on Average Shareholders' Equity13.66 13.74 12.10 13.30 11.34 
Return on Average Common Equity15.38 15.47 13.59 14.92 12.65 
Efficiency Ratio 1
56.50 56.47 61.53 57.75 63.31 
Net Interest Margin 2
2.82 2.78 2.46 2.78 2.39 
Dividend Payout Ratio 3
46.67 47.30 57.85 48.84 64.42 
Average Shareholders' Equity to Average Assets7.85 7.81 7.29 7.82 7.20 
Average Balances
Average Loans and Leases$14,305,379 $14,218,951 $13,982,003 $14,203,547 $14,030,773 
Average Assets23,768,568 23,861,848 23,995,037 23,848,046 23,744,661 
Average Deposits20,662,379 20,826,923 21,068,286 20,800,655 20,813,967 
Average Shareholders' Equity1,866,297 1,862,499 1,748,576 1,865,317 1,709,788 
Per Share of Common Stock
Book Value$37.77 $38.81 $36.35 $37.77 $36.35 
Tangible Book Value36.97 38.01 35.56 36.97 35.56 
Market Value
Closing68.92 81.49 65.64 68.92 65.64 
High86.31 83.18 71.90 86.31 76.00 
Low68.51 70.07 60.32 67.04 57.45 
1 Efficiency ratio is defined as noninterest expense divided by total revenue (net interest income and total noninterest income).
2 Net interest margin is defined as net interest income, on a taxable-equivalent basis, as a percentage of average earning assets.
3 Dividend payout ratio is defined as dividends declared per common share divided by basic earnings per common share.
5


Bank of Hawai‘i Corporation and Subsidiaries
Financial HighlightsTable 1b
(dollars in thousands)September 30
2026		June 30
2026		December 31
2025		September 30
2025
As of Period End:
Balance Sheet Totals
Loans and Leases$14,371,336$14,286,625 $14,082,050 $14,021,579 
Total Assets23,819,53623,842,940 24,176,364 24,014,609 
Total Deposits20,481,55820,892,775 21,188,495 21,080,669 
Other Debt853,098508,124 558,176 558,201 
Total Shareholders' Equity1,826,0761,875,467 1,851,212 1,791,183 
Asset Quality
Non-Performing Assets$43,412$11,478$14,171$16,864
Allowance for Credit Losses - Loans and Leases146,170146,995 146,766 148,778 
Allowance to Loans and Leases Outstanding 1
1.02 %1.03 %1.04 %1.06 %
Capital Ratios 2
Common Equity Tier 1 Capital Ratio 3
12.10 %12.12 %12.14 %11.98 %
Tier 1 Capital Ratio14.41 14.45 14.49 14.34 
Total Capital Ratio15.43 15.48 15.54 15.40 
Tier 1 Leverage Ratio8.79 8.70 8.57 8.44 
Total Shareholders' Equity to Total Assets7.67 7.87 7.66 7.46 
Tangible Common Equity to Tangible Assets 4
6.09 6.30 6.11 5.90 
Tangible Common Equity to Risk-Weighted Assets 4
9.94 10.38 10.35 9.95 
Non-Financial Data
Full-Time Equivalent Employees 5
1,8651,9101,8771,905
Branches52525151
ATMs308315320322
1 The numerator comprises the Allowance for Credit Losses - Loans and Leases.
2 Regulatory capital ratios as of September 30, 2026 are preliminary.
3 Capital ratio as of December 31, 2025 has been updated to reflect final reported ratio.
4 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 8 “Reconciliation of Non-GAAP Financial Measures”.
5 Full-time equivalent employees as of June 30, 2026 includes summer interns.
6

Bank of Hawai‘i Corporation and Subsidiaries
Consolidated Statements of IncomeTable 2
Three Months EndedNine Months Ended
(dollars in thousands, except per share amounts)September 30, 2026June 30, 2026September 30, 2025September 30, 2026September 30, 2025
Interest Income
Interest and Fees on Loans and Leases$172,271 $168,624 $169,411 $505,364 $499,272 
Income on Investment Securities
Available-for-Sale36,313 36,397 29,702 107,285 81,077 
Held-to-Maturity17,460 18,056 19,332 54,057 59,458 
Cash and Cash Equivalents1,674 1,726 8,195 6,729 17,472 
Other1,431 1,313 1,068 4,037 3,250 
Total Interest Income229,149 226,116 227,708 677,472 660,529 
Interest Expense
Deposits65,950 65,804 84,590 196,640 248,758 
Securities Sold Under Agreements to Repurchase496 491 496 1,473 1,731 
Other Debt6,649 6,217 5,947 18,711 17,875 
Total Interest Expense73,095 72,512 91,033 216,824 268,364 
Net Interest Income156,054 153,604 136,675 460,648 392,165 
Provision for Credit Losses2,750 3,600 2,500 8,100 9,000 
Net Interest Income After Provision for Credit Losses153,304 150,004 134,175 452,548 383,165 
Noninterest Income
Trust and Asset Management13,420 13,712 12,598 39,577 36,436 
Fees, Exchange, and Other Service Charges10,839 11,127 15,219 32,894 44,039 
Service Charges on Deposit Accounts9,052 8,353 8,510 25,845 24,888 
Bank-Owned Life Insurance3,877 3,923 3,681 11,947 11,006 
Annuity and Insurance2,117 2,017 1,095 5,603 4,087 
Mortgage Banking906 839 906 2,621 2,743 
Investment Securities Losses, Net(1,493)(1,287)(1,945)(4,052)(4,678)
Other3,988 4,615 5,902 12,902 16,298 
Total Noninterest Income42,706 43,299 45,966 127,337 134,819 
Noninterest Expense
Salaries and Benefits62,308 62,642 62,905 193,407 187,097 
Net Equipment11,307 10,604 10,285 32,522 30,454 
Net Occupancy11,197 10,868 10,932 32,847 31,990 
Professional Fees5,571 5,276 4,022 15,073 12,549 
Data Processing5,474 5,463 5,603 16,518 16,326 
FDIC Insurance3,004 2,978 3,508 8,701 8,790 
Other13,443 13,355 15,132 40,493 46,423 
Total Noninterest Expense112,304 111,186 112,387 339,561 333,629 
Income Before Provision for Income Taxes83,706 82,117 67,754 240,324 184,355 
Provision for Income Taxes19,448 18,318 14,409 54,835 39,388 
Net Income$64,258 $63,799 $53,345 $185,489 $144,967 
Preferred Stock Dividends5,269 5,269 5,269 15,808 15,808 
Net Income Available to Common Shareholders$58,989 $58,530 $48,076 $169,681 $129,159 
Basic Earnings Per Common Share$1.50 $1.48 $1.21 $4.30 $3.26 
Diluted Earnings Per Common Share$1.49 $1.47 $1.20 $4.27 $3.24 
Dividends Declared Per Common Share$0.70 $0.70 $0.70 $2.10 $2.10 
Basic Weighted Average Common Shares39,316,50639,513,44739,655,74139,464,58839,611,372
Diluted Weighted Average Common Shares39,553,22539,734,78239,980,93139,732,18039,919,998
7

Bank of Hawai‘i Corporation and Subsidiaries
Consolidated Statements of ConditionTable 3
(dollars in thousands, except per share amounts)September 30, 2026June 30, 2026December 31, 2025September 30, 2025
Assets
Cash and Cash Equivalents$442,032 $452,814 $946,520 $985,223 
Investment Securities
Available-for-Sale3,523,442 3,618,515 3,510,652 3,280,410 
Held-to-Maturity (Fair Value of $3,201,942; $3,452,980; $3,651,966; and $3,717,573)
3,974,033 4,070,908 4,245,681 4,340,032 
Loans Held for Sale3,971 5,089 4,369 1,236 
Loans and Leases14,371,336 14,286,625 14,082,050 14,021,579 
Allowance for Credit Losses(146,170)(146,995)(146,766)(148,778)
Net Loans and Leases14,225,166 14,139,630 13,935,284 13,872,801 
Premises and Equipment, Net224,276 223,463 199,747 196,093 
Operating Lease Right-of-Use Assets87,449 84,519 83,424 82,804 
Accrued Interest Receivable71,749 70,646 69,899 69,224 
Mortgage Servicing Rights16,244 16,626 17,455 17,927 
Goodwill31,517 31,517 31,517 31,517 
Bank-Owned Life Insurance511,349 508,869 499,795 494,041 
Other Assets708,308 620,344 632,021 643,301 
Total Assets$23,819,536 $23,842,940 $24,176,364 $24,014,609 
Liabilities
Deposits
Noninterest-Bearing Demand$5,429,216 $5,575,291 $5,755,371 $5,400,943 
Interest-Bearing Demand3,739,272 4,075,694 3,910,952 3,813,921 
Savings8,595,032 8,705,102 8,741,090 8,814,451 
Time2,718,038 2,536,688 2,781,082 3,051,354 
Total Deposits20,481,558 20,892,775 21,188,495 21,080,669 
Securities Sold Under Agreements to Repurchase50,000 50,000 50,000 50,000 
Other Debt853,098 508,124 558,176 558,201 
Operating Lease Liabilities96,499 93,568 92,402 91,690 
Retirement Benefits Payable25,236 25,496 20,139 23,352 
Accrued Interest Payable16,675 16,390 22,370 27,580 
Other Liabilities470,394 381,120 393,570 391,934 
Total Liabilities21,993,460 21,967,473 22,325,152 22,223,426 
Shareholders’ Equity
Preferred Stock (Series A, $.01 par value; authorized 180,000 shares issued and outstanding)180,000 180,000 180,000 180,000 
Preferred Stock (Series B, $.01 par value; authorized 165,000 shares issued and outstanding)165,000 165,000 165,000 165,000 
Common Stock ($.01 par value; authorized 500,000,000 shares; issued / outstanding: September 30, 2026 - 59,035,722 / 39,209,600; June 30, 2026 - 59,020,336 / 39,439,677; December 31, 2025 - 58,780,253 / 39,725,698 and September 30, 2025 - 58,779,666 / 39,785,201)
590 590 587 587 
Capital Surplus679,084 675,654 664,781 659,922 
Accumulated Other Comprehensive Loss(307,653)(243,475)(244,438)(276,251)
Retained Earnings2,291,275 2,260,152 2,205,707 2,178,263 
Treasury Stock, at Cost (Shares: September 30, 2026 - 19,826,122; June 30, 2026 - 19,580,659; December 31, 2025 - 19,054,555; and September 30, 2025 - 18,994,465)
(1,182,220)(1,162,454)(1,120,425)(1,116,338)
Total Shareholders’ Equity1,826,076 1,875,467 1,851,212 1,791,183 
Total Liabilities and Shareholders’ Equity$23,819,536 $23,842,940 $24,176,364 $24,014,609 
8

Bank of Hawai‘i Corporation and Subsidiaries
Average Balances and Interest Rates - Taxable-Equivalent Basis 1
Table 4a
Three Months Ended September 30, 2026Three Months Ended June 30, 2026Three Months Ended September 30, 2025
(dollars in millions)Average Balance
Income/Expense 2
Yield/RateAverage Balance
Income/Expense 2
Yield/RateAverage Balance
Income/Expense 2
Yield/Rate
Earning Assets
Cash and Cash Equivalents$187.7 $1.7 3.49 %$196.2 $1.7 3.48 %$744.3 $8.2 4.31 %
Investment Securities
Available-for-Sale
Taxable3,602.0 36.0 3.99 3,669.5 36.1 3.93 3,157.8 29.3 3.70 
Non-Taxable31.6 0.4 5.14 31.7 0.4 5.08 32.4 0.5 5.98 
Held-to-Maturity
Taxable3,995.2 17.3 1.74 4,091.6 17.9 1.75 4,363.9 19.2 1.76 
Non-Taxable32.9 0.2 1.92 33.4 0.2 2.10 33.8 0.2 2.10 
Total Investment Securities7,661.7 53.9 2.81 7,826.2 54.6 2.79 7,587.9 49.2 2.59 
Loans Held for Sale2.9 0.0 5.83 2.7 0.0 6.20 1.6 0.0 5.92 
Loans and Leases 3
Commercial Mortgage4,393.9 57.1 5.15 4,314.9 55.7 5.17 4,016.3 54.3 5.36 
Commercial and Industrial1,656.2 20.6 4.92 1,624.6 19.5 4.83 1,600.7 20.5 5.09 
Construction145.7 2.2 6.09 209.7 3.3 6.30 394.4 7.3 7.32 
Commercial Lease Financing83.6 0.9 4.47 84.6 0.9 4.26 93.0 1.0 4.11 
Residential Mortgage4,854.9 50.2 4.13 4,812.6 48.9 4.06 4,638.1 46.7 4.02 
Home Equity2,080.5 24.5 4.68 2,085.3 24.1 4.63 2,129.6 23.9 4.46 
Automobile670.9 9.7 5.75 677.4 9.5 5.65 706.9 9.5 5.35 
Other419.7 8.2 7.78 409.9 7.9 7.74 403.0 7.7 7.63 
Total Loans and Leases14,305.4 173.4 4.82 14,219.0 169.8 4.79 13,982.0 170.9 4.86 
Other83.7 1.5 6.85 82.8 1.4 6.34 65.3 1.1 6.54 
Total Earning Assets22,241.4 230.5 4.13 22,326.9 227.5 4.08 22,381.1 229.4 4.08 
Non-Earning Assets1,527.2 1,534.9 1,613.9 
Total Assets$23,768.6 $23,861.8 $23,995.0 
Interest-Bearing Liabilities
Interest-Bearing Deposits
Demand$3,836.6 $7.1 0.73 %$3,781.7 $7.4 0.78 %$3,781.0 $7.8 0.81 %
Savings8,798.7 41.5 1.87 8,750.0 39.9 1.83 8,831.0 50.6 2.28 
Time2,555.8 17.3 2.69 2,707.6 18.5 2.75 3,057.6 26.2 3.40 
Total Interest-Bearing Deposits15,191.1 65.9 1.72 15,239.3 65.8 1.73 15,669.6 84.6 2.14 
Securities Sold Under Agreements to Repurchase50.0 0.5 3.89 50.0 0.5 3.88 50.0 0.5 3.89 
Other Debt627.8 6.7 4.19 593.3 6.2 4.20 558.3 6.0 4.23 
Total Interest-Bearing Liabilities15,868.9 73.1 1.83 15,882.6 72.5 1.83 16,277.9 91.1 2.22 
Net Interest Income$157.4 $155.0 $138.3 
Interest Rate Spread2.30 %2.25 %1.86 %
Net Interest Margin2.82 %2.78 %2.46 %
Noninterest-Bearing Demand Deposits5,471.3 5,587.6 5,398.7 
Other Liabilities562.1 529.1 569.8 
Shareholders' Equity1,866.3 1,862.5 1,748.6 
Total Liabilities and Shareholders' Equity$23,768.6 $23,861.8 $23,995.0 
1Due to rounding, the amounts presented in this table may not tie to other amounts presented elsewhere in this report.
2Interest income includes taxable-equivalent basis adjustments, based upon a federal statutory tax rate of 21%, of $1.3 million, $1.4 million, and $1.7 million for the three months ended September 30, 2026, June 30, 2026, and September 30, 2025, respectively.
3Non-performing loans and leases are included in the respective average loan and lease balances.
9

Bank of Hawai‘i Corporation and Subsidiaries
Average Balances and Interest Rates - Taxable-Equivalent Basis 1
Table 4b
Nine Months Ended September 30, 2026Nine Months Ended September 30, 2025
(dollars in millions)Average Balance
Income/Expense 2
Yield/RateAverage Balance
Income/Expense 2
Yield/Rate
Earning Assets
Cash and Cash Equivalents$251.4 $6.7 3.53 %$533.5 $17.5 4.32 %
Investment Securities
Available-for-Sale
Taxable3,623.2 106.3 3.91 2,979.8 80.2 3.59 
Non-Taxable31.8 1.2 5.10 27.0 1.2 5.85 
Held-to-Maturity
Taxable4,086.7 53.7 1.75 4,457.6 59.0 1.77 
Non-Taxable33.3 0.5 2.04 34.0 0.5 2.10 
Total Investment Securities7,775.0 161.7 2.77 7,498.4 140.9 2.51 
Loans Held for Sale3.1 0.1 5.71 2.0 0.1 5.89 
Loans and Leases 3
Commercial Mortgage4,310.4 166.7 5.17 4,018.9 160.5 5.34 
Commercial and Industrial1,621.7 58.8 4.85 1,657.1 62.9 5.07 
Construction190.1 9.0 6.31 366.6 20.0 7.28 
Commercial Lease Financing85.0 2.8 4.34 92.5 2.8 4.00 
Residential Mortgage4,816.7 146.9 4.07 4,627.2 137.1 3.95 
Home Equity2,089.6 72.2 4.62 2,141.8 69.7 4.35 
Automobile677.6 28.7 5.66 729.7 28.3 5.18 
Other412.4 23.9 7.76 397.0 22.3 7.52 
Total Loans and Leases14,203.5 509.0 4.79 14,030.8 503.6 4.80 
Other82.9 4.1 6.50 65.2 3.2 6.64 
Total Earning Assets22,315.9 681.6 4.08 22,129.9 665.3 4.01 
Non-Earning Assets1,532.1 1,614.8 
Total Assets$23,848.0 $23,744.7 
Interest-Bearing Liabilities
Interest-Bearing Deposits
Demand$3,819.1 $21.1 0.74 %$3,753.3 $22.4 0.80 %
Savings8,739.5 120.0 1.84 8,652.4 146.0 2.25 
Time2,671.6 55.5 2.78 3,048.4 80.4 3.53 
Total Interest-Bearing Deposits15,230.2 196.6 1.73 15,454.1 248.8 2.15 
Securities Sold Under Agreements to Repurchase50.0 1.5 3.89 58.8 1.7 3.88 
Other Debt594.2 18.8 4.20 564.9 17.8 4.23 
Total Interest-Bearing Liabilities15,874.4 216.9 1.83 16,077.8 268.3 2.23 
Net Interest Income$464.7 $397.0 
Interest Rate Spread2.25 %1.78 %
Net Interest Margin2.78 %2.39 %
Noninterest-Bearing Demand Deposits5,570.5 5,359.9 
Other Liabilities537.8 597.2 
Shareholders’ Equity
1,865.3 1,709.8 
Total Liabilities and Shareholders’ Equity
$23,848.0 $23,744.7 
1.Due to rounding, the amounts presented in this table may not tie to other amounts presented elsewhere in this report.
2.Interest income includes taxable-equivalent basis adjustments, based upon a federal statutory tax rate of 21%, of $4.1 million and $4.8 million for the nine months ended September 30, 2026 and September 30, 2025, respectively.
3.Non-performing loans and leases are included in the respective average loan and lease balances.
10

Bank of Hawai‘i Corporation and Subsidiaries
Loan and Lease Portfolio BalancesTable 5
(dollars in thousands)September 30,
2026		June 30,
2026		March 31,
2026		December 31,
2025		September 30,
2025
Commercial
Commercial Mortgage$4,467,245 $4,319,221 $4,341,448 $4,205,791 $4,040,711 
Commercial and Industrial1,652,329 1,676,535 1,575,207 1,584,245 1,581,232 
Construction117,919 164,504 204,993 208,584 380,944 
Lease Financing81,556 85,338 84,651 88,303 92,213 
Total Commercial6,319,049 6,245,598 6,206,299 6,086,923 6,095,100 
Consumer
Residential Mortgage4,857,923 4,864,875 4,800,256 4,775,502 4,685,214 
Home Equity2,091,468 2,079,127 2,095,521 2,114,809 2,129,599 
Automobile671,597 674,899 680,570 690,376 699,244 
Other431,299 422,126 410,165 414,440 412,422 
Total Consumer8,052,287 8,041,027 7,986,512 7,995,127 7,926,479 
Total Loans and Leases$14,371,336 $14,286,625 $14,192,811 $14,082,050 $14,021,579 


Deposits
(dollars in thousands)September 30,
2026		June 30,
2026		March 31,
2026		December 31,
2025		September 30,
2025
Consumer$10,432,007 $10,454,082 $10,530,223 $10,466,617 $10,393,932 
Commercial7,977,291 8,167,262 8,340,279 8,597,265 8,348,396 
Public and Other2,072,260 2,271,431 2,087,428 2,124,613 2,338,341 
Total Deposits$20,481,558 $20,892,775 $20,957,930 $21,188,495 $21,080,669 



11

Bank of Hawai‘i Corporation and Subsidiaries
Non-Performing Assets and Accruing Loans and Leases Past Due 90 Days or MoreTable 6
(dollars in thousands)September 30,
2026		June 30,
2026		March 31,
2026		December 31,
2025		September 30,
2025
Non-Performing Assets
Non-Accrual Loans and Leases
Commercial
Commercial Mortgage$32,500 $- $- $2,085 $2,498 
Commercial and Industrial1,622 1,734 1,860 1,940 3,506 
Total Commercial34,122 1,734 1,860 4,025 6,004 
Consumer
Residential Mortgage5,068 5,348 5,410 5,382 5,628 
Home Equity4,051 4,225 4,525 4,469 5,107 
Total Consumer9,119 9,573 9,935 9,851 10,735 
Total Non-Accrual Loans and Leases43,241 11,307 11,795 13,876 16,739 
Foreclosed Real Estate171 171 295 295 125 
Total Non-Performing Assets$43,412 $11,478 $12,090 $14,171 $16,864 
Accruing Loans and Leases Past Due 90 Days or More
Consumer
Residential Mortgage $12,125 $8,887 $10,733 $8,834 $7,456 
Home Equity 2,845 3,503 1,556 2,152 2,765 
Automobile919 763 672 520 525 
Other679 965 764 753 578 
Total Consumer 16,568 14,118 13,725 12,259 11,324 
Total Accruing Loans and Leases Past Due 90 Days or More$16,568 $14,118 $13,725 $12,259 $11,324 
Total Loans and Leases$14,371,336 $14,286,625 $14,192,811 $14,082,050 $14,021,579 
Ratio of Non-Accrual Loans and Leases to Total Loans and Leases0.30 %0.08 %0.08 %0.10 %0.12 %
Ratio of Non-Performing Assets to Total Loans and Leases and Foreclosed Real Estate0.30 %0.08 %0.09 %0.10 %0.12 %
Ratio of Non-Performing Assets to Total Assets0.18 %0.05 %0.05 %0.06 %0.07 %
Ratio of Commercial Non-Performing Assets to Total Commercial Loans and Leases and Commercial Foreclosed Real Estate0.54 %0.03 %0.03 %0.07 %0.10 %
Ratio of Consumer Non-Performing Assets to Total Consumer Loans and Leases and Consumer Foreclosed Real Estate0.12 %0.12 %0.13 %0.13 %0.14 %
Ratio of Non-Performing Assets and Accruing Loans and Leases Past Due 90 Days or More to Total Loans and Leases and Foreclosed Real Estate0.42 %0.18 %0.18 %0.19 %0.20 %
12

Bank of Hawai‘i Corporation and Subsidiaries
Reserve for Credit LossesTable 7
Three Months EndedNine Months Ended
(dollars in thousands)September 30, 2026June 30,
2026		September 30, 2025September 30, 2026September 30, 2025
Balance at Beginning of Period$149,276 $149,078 $150,128 $148,403 $150,649 
Loans and Leases Charged-Off
Commercial
Commercial and Industrial(168)(385)(171)(783)(1,776)
Consumer
Residential Mortgage(16)— — (31)— 
Home Equity(253)(219)(28)(478)(258)
Automobile(1,799)(1,735)(1,368)(4,951)(4,372)
Other(2,477)(2,400)(2,392)(7,271)(7,273)
Total Loans and Leases Charged-Off(4,713)(4,739)(3,959)(13,514)(13,679)
Recoveries on Loans and Leases Previously Charged-Off
Commercial
Commercial Mortgage
— — — 1,617 — 
Commercial and Industrial41 72 98 166 253 
Consumer
Residential Mortgage8 22 58 41 80 
Home Equity58 77 177 272 485 
Automobile754 626 559 1,959 1,749 
Other538 540 490 1,668 1,514 
Total Recoveries on Loans and Leases
1,399 1,337 1,382 5,723 4,081 
Net Charged-Off - Loans and Leases(3,314)(3,402)(2,577)(7,791)(9,598)
Provision for Credit Losses:
Loans and Leases2,489 3,435 2,812 7,195 9,848 
Unfunded Commitments261 165 (312)905 (848)
Total Provision for Credit Losses2,750 3,600 2,500 8,100 9,000 
Balance at End of Period$148,712 $149,276 $150,051 $148,712 $150,051 
Components
Allowance for Credit Losses - Loans and Leases$146,170 $146,995 $148,778 $146,170 $148,778 
Reserve for Unfunded Commitments2,542 2,281 1,273 2,542 1,273 
Total Reserve for Credit Losses$148,712 $149,276 $150,051 $148,712 $150,051 
Average Loans and Leases Outstanding$14,305,379 $14,218,951 $13,982,003 $14,203,547 $14,030,773 
Ratio of Net Loans and Leases Charged-Off to Average Loans and Leases Outstanding (annualized)0.09 %0.10 %0.07 %0.07 %0.09 %
Ratio of Allowance for Credit Losses to Loans and Leases Outstanding 1
1.02 %1.03 %1.06 %1.02 %1.06 %
1The numerator comprises the Allowance for Credit Losses - Loans and Leases.
13

Bank of Hawai‘i Corporation and Subsidiaries
Reconciliation of Non-GAAP Financial MeasuresTable 8
(dollars in thousands)September 30, 2026June 30, 2026December 31, 2025September 30, 2025
Total Shareholders' Equity$1,826,076$1,875,467$1,851,212$1,791,183
Less: Preferred Stock345,000345,000345,000345,000
Goodwill31,51731,51731,51731,517
Tangible Common Equity$1,449,559$1,498,950$1,474,695$1,414,666
Total Assets$23,819,536$23,842,940$24,176,364$24,014,609
Less: Goodwill31,51731,51731,51731,517
Tangible Assets$23,788,019$23,811,423$24,144,847$23,983,092
Risk-Weighted Assets, determined in accordance with prescribed regulatory requirements 1, 2
$14,587,549$14,442,396$14,246,238$14,215,866
Total Shareholders' Equity to Total Assets7.67%7.87%7.66%7.46%
Tangible Common Equity to Tangible Assets (Non-GAAP)6.09%6.30%6.11%5.90%
Tier 1 Capital Ratio 1
14.41%14.45%14.49%14.34%
Tangible Common Equity to Risk-Weighted Assets (Non-GAAP) 1
9.94%10.38%10.35%9.95%
1Regulatory capital ratios as of September 30, 2026 are preliminary.
2 Risk-Weighted Assets as of December 31, 2025 has been updated to reflect final reported amount.
14
Bank of Hawai‘i Corporation third quarter 2026 financial report October 26, 2026 Exhibit 99.2

 

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

 

diversified, lower risk loan assets third quarter 2026 highlights broad & deep market penetration strong balance she t performance • total commercial loans and total loans and leases increased by 5.1% and 2.7% on a YTD annualized basis, respectively • noninterest-bearing deposits represented 26.5% of total deposits • tier 1 capital ratio of 14.41% and total capital ratio of 15.43% • common shares repurchased $20.2 million • share repurchase program increased by $200 million to $268.7 million earnings highlights • $1.49 diluted earnings per common share • $64.3 million net income • $42.7 million noninterest income • 2.82% net interest margin, expanded for the tenth consecutive quarter • 1.27% cost of deposits • 15.38% return on average common equity strong credit credit remains pristine • 0.09% net charge-off rate • 80% of loan portfolio real estate-secured with wtd avg LTV of 51% • 1.02% allowance for credit losses to loan and leases outstanding note: changes are in comparison to linked quarter unless specified otherwise 3

 

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 4source: FDIC Annual Summary of Deposits. TBNK acquired by HOPE in April 2025; numbers may not add up due to rounding BOH 6.7% FHB -0.3% CPF -2.6% ASB -3.5% TBNK -0.3% -8.0% -6.0% -4.0% -2.0% 0.0% 2.0% 4.0% 6.0% 8.0% c h a n g e i n m a rk e t s h a re s in c e 2 0 0 6 BOH 27.6% FHB 31.6% ASB 17.9% CPF 14.3% TBNK 3.9% other 4.7% 2006 BOH 34.3% FHB 31.2%ASB 14.4% CPF 11.7% TBNK 3.6% other 4.8% 2026

 

cost of funds interest-bearing deposits source: S&P Capital IQ; KBW Regional Banking Index (KRX) 5 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% 1.72% 1.73% 1.72% 0.13% 0.20% 0.47% 0.93% 1.53% 2.11% 2.44% 2.73% 2.91% 2.99% 3.05% 2.84% 2.66% 2.63% 2.64% 2.46% 2.33% 2.33% 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 BOH KRX median

 

cost of funds total deposits source: S&P Capital IQ; KBW Regional Banking Index (KRX) 6 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% 1.26% 1.27% 1.27% 0.08% 0.12% 0.31% 0.64% 1.07% 1.49% 1.84% 2.09% 2.21% 2.27% 2.33% 2.17% 2.04% 1.99% 1.97% 1.87% 1.78% 1.78% 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 BOH KRX median

 

$7.9 $8.0 $8.0 $8.0 $8.1 9/30/25 12/31/25 3/31/26 6/30/26 9/30/26 consumer loans loan growth $ in billions 7 $6.1 $6.1 $6.2 $6.2 $6.3 9/30/25 12/31/25 3/31/26 6/30/26 9/30/26 commercial loans +3.7% YoY +1.6% YoY $14.0 $14.1 $14.2 $14.3 $14.4 9/30/25 12/31/25 3/31/26 6/30/26 9/30/26 total loans +2.5% YoY

 

$11.9 $12.6 $13.4 $1.5 $1.1 $2.1 $13.4 $13.7 $15.5 3Q24 3Q25 3Q26 trust & asset management annuity & insurance wealth update $ in millions 8 $35.3 $36.4 $39.6 $4.1 $4.1 $5.6 $39.4 $40.5 $45.2 9M'24 9M'25 9M'26 trust & asset management annuity & insurance wealth initiative driving growth in trust & asset management and annuity & insurance fees +13.5% YoY +11.5% YoY note: numbers may not add up due to rounding

 

credit performance

 

lending philosophy Hawaiʻi 91% U.S. mainland 4% West Pacific 5% we lend in our core markets to long-standing relationships note: as of September 30, 2026 10

 

residential mortgage $4.9 home equity $2.1 automobile $0.7 other consumer $0.4 consumer portfolio asset type % total consumer % total loans WALTV wtd avg FICO residential mortgage 60% 34% 50% 803 home equity 26% 15% 46% 788 real estate secured 86% n/a 49% 798 automobile 8% 5% n/a 730 other consumer 5% 3% n/a 763 total consumer 100% 56% n/a 791 $8.1B 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 56% of total loans 11

 

C&I $1.7 CRE $4.5 construction $0.1 leasing $0.1 commercial portfolio residential mortgage home equity $6.3B commercial asset type % total comml % total loans WALTV commercial real estate 71% 31% 55% construction 2% 1% 57% real estate secured 73% n/a 55% commercial & industrial 26% 11% n/a leasing 1% 1% n/a total commercial 100% 44% n/a note: $ in billions; numbers may not add up due to rounding 44% of total loans 12

 

vacancy inventory (sq ft) 2Q26 2Q25 10 yr avg 10 yr CAGR industrial 1.43% 1.47% 1.60% 0.63% office 11.30% 13.20% 12.43% -0.94% retail 7.06% 5.33% 6.13% 0.29% multi-family 3.68% 3.77% 4.68% 0.45% Oahu market vacancies and inventory stable real estate market note: 10-year average and 10-yr CAGR for inventory are based on years 2016 through 2025 source: Colliers (industrial, office, retail) and CoStar (multi-family) 13

 

multi-family 9.2% industrial 5.9% retail 5.3% lodging 4.3% office 2.2% other 4.2% commercial real estate (CRE) residential mortgage home equity 31% of total loans or $4.5 billion asset type WALTV avg. exposure ($MMs) multi-family 58% 4.2 industrial 55% 2.8 retail 55% 4.4 lodging 53% 14.8 office 56% 1.6 other 52% 4.4 total CRE 55% 3.8 note: % in chart above is % of total loans 14

 

CRE scheduled maturities 7.3% 13.8% 10.0% 4.9% 13.9% 50.2% 0 500 1,000 1,500 2,000 2,500 2026 2027 2028 2029 2030 2031+ $ m ill io n s modest near-term maturities 15

 

62.5% 24.4% 10.8% 1.8% 0.1% 0.4% 0 500 1,000 1,500 2,000 2,500 3,000 ≤ 60% > 60% to 70% > 70% to 80% > 80% to 85% > 85% to 90% > 90% $ m ill io n s CRE loan balances by LTV LTV > 80% - $101 million, 2.3% of CRE 16

 

AOAO 3.6% real estate investors 1.3% auto dealers 0.9% renewable energy 0.7% lodging 0.7% transportation 0.7% educational svcs 0.5% wholesale trade 0.5%other 2.6% commercial & industrial residential mortgage home equity 11% of total loans or $1.7 billion industry % leveraged avg. exposure ($MMs) AOAO 0% 1.9 RE investors 0% 1.1 auto dealers 17% 4.6 lodging 27% 5.9 renewable energy 0% 2.7 transportation 39% 1.7 educational svcs 0% 2.0 wholesale trade 31% 0.5 other 6% 0.4 total C&I 8% 0.8 17 note: % in chart above is % of total loans

 

credit quality 0.07% 0.12% 0.03% 0.10% 0.09% $0 $0 $0 $0 $0 $0 $0 $0 $0 3Q25 4Q25 1Q26 2Q26 3Q26 net charge-offs NCOs/average loans 1 93% of total criticized is real estate secured with 61% wtd avg LTV 0.29% 0.36% 0.40% 0.41% 0.46% 0.00% 0.20% 0.40% 0.60% 0.80% 1.00% 1.20% 1.40% 3Q25 4Q25 1Q26 2Q26 3Q26 delinquencies delinquencies/period-end loans 2.05% 2.12% 2.12% 2.81% 2.37% 3Q25 4Q25 1Q26 2Q26 3Q26 criticized criticized/period-end loans 1 18 0.12% 0.10% 0.09% 0.08% 0.30% 0.00% 0.05% 0.10% 0.15% 0.20% 0.25% 0.30% 0.35% 0.40% 3Q25 4Q25 1Q26 2Q26 3Q26 non-performing assets NPAs/period-end loans plus OREO

 

financial update

 

NII and NIM trends tenth 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 $151 $154 $156 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% 2.74% 2.78% 2.82% 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 NII NIM 20

 

cashflow repricing total quarterly impact to NII from cashflows repricing: +$2.9 million note: +$2.9 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 5.5%, equivalent to average yield at the time of purchase of the securities purchased in 3Q26; excludes cashflows from securities repricing; numbers may not add up due to rounding 4.7% 6.6% 1.9% 5.0% 5.9% 0.9% 2.8% 5.5% 2.7% 4.1% 6.1% 2.0% 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 3Q26 maturities/prepayments reinvestment opportunities fixed loans adjustable loans inv. portfolio total $274 $98 $197 $568 $- $100 $200 $300 $400 $500 $600 3Q26 maturities/prepayments fixed loans adjustable loans inv. portfolio total 21 $ in millions

 

deposit mix shift and repricing quarterly NII impact from deposit mix shift and repricing in 3Q26: $(1.4) million $(749) $(967) $(800) $(627) $(488) $(448) $(315) $(105) $(37) $(59) $(104) $100 $94 $(107) $(213) $(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 1Q26 vs 4Q25 2Q26 vs 1Q26 3Q26 vs 2Q26 QoQ change in average NIBD and low yield interest-bearing deposit balances 22 $ in millions note: low yield interest-bearing deposits include accounts yielding interest of 10 bps or less

 

23 NII impact from 25 bps Fed Funds hike rate sensitive earning assets balances rate sensitive deposit balances $3.6 $1.3 $1.6 $0.1 $- $1.0 $2.0 $3.0 $4.0 $ i n b ill io n s loans investments swaps Fed Funds $6.6B short-term & long-term NII impact: +$4.1mm per quarter short-term NII impact: $(3.1)mm per quarter long-term NII Impact: $(4.4)mm per quarter note: rate sensitive loans, investments and swap balances are as of September 30, 2026; Fed Funds balance is 3Q26 end of period balance; excludes rate impact on short-term borrowings; rate sensitive deposit balances are 3Q26 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’; short-term NII impact per quarter for 25 bps FF increase from rate sensitive deposits assumes 24% beta on total deposits; long-term NII impact per quarter for 25 bps FF increase from rate sensitive deposits assumes 34% beta on total deposits; numbers may not add up due to rounding. immediate NII accretion with modest headwinds developing over time $6.3 $1.4 $2.6 $- $1.0 $2.0 $3.0 $4.0 $5.0 $6.0 $7.0 $ i n b ill io n s savings excl. low-yield accounts IBD excl. low-yield accounts time $10.3B

 

24 optimizing balance sheet 72% 67% 61% 55% 55% 54% 53% 57% 56% 55% 57% 57% 59% 58% 57% 27% 27% 28% 29% 29% 29% 30% 32% 33% 33% 34% 33% 35% 35% 35% 0% 1% 9% 13% 13% 14% 12% 9% 9% 10% 6% 7% 5% 6% 7% 1% 5% 2% 3% 3% 3% 4% 2% 3% 2% 3% 3% 1% 1% 0% 0% 20% 40% 60% 80% 100% 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 3/31/26 6/30/26 9/30/26 earning asset composition fixed float/adjustable swaps Fed Funds note: numbers may not add up due to rounding

 

noninterest income & expense $ in millions 25 $46.0 $43.3 $42.7 $0.0 $5.0 $10.0 $15.0 $20.0 $25.0 $30.0 $35.0 $40.0 $45.0 $50.0 3Q25 2Q26 3Q26 $112.4 $111.2 $112.3 $0.0 $20.0 $40.0 $60.0 $80.0 $100.0 $120.0 3Q25 2Q26 3Q26 reported noninterest income reported noninterest expense note: 3Q25 included approximately $3.0 million in fee income and $2.2 million in expenses from merchant services, which was sold in 4Q25

 

financial summary $ in millions, except per share amounts 3Q 2026 2Q 2026 3Q 2025 ∆ 2Q 2026 ∆ 3Q 2025 net interest income $ 156.1 $ 153.6 $ 136.7 $ 2.4 $ 19.4 noninterest income 42.7 43.3 46.0 (0.6) (3.3) total revenue 198.8 196.9 182.6 1.9 16.1 noninterest expense 112.3 111.2 112.4 1.1 (0.1) operating income 86.5 85.7 70.3 0.7 16.2 credit provision 2.8 3.6 2.5 (0.9) 0.3 income taxes 19.4 18.3 14.4 1.1 5.0 net income $ 64.3 $ 63.8 $ 53.3 $ 0.5 $ 10.9 net income available to common $ 59.0 $ 58.5 $ 48.1 $ 0.5 $ 10.9 diluted EPS $ 1.49 $ 1.47 $ 1.20 $ 0.02 $ 0.29 return on assets 1.07 % 1.07 % 0.88 % - % 0.19 % return on common equity 15.38 15.47 13.59 (0.09) 1.79 net interest margin 2.82 2.78 2.46 0.04 0.36 end of period balances investment portfolio $ 7,497 $ 7,689 $ 7,620 (2.5) % (1.6) % loans and leases 14,371 14,287 14,022 0.6 2.5 total deposits 20,482 20,893 21,081 (2.0) (2.8) shareholders' equity 1,826 1,875 1,791 (2.6) 1.9 26note: 3Q26 financials are preliminary; numbers may not add up due to rounding

 

capital 6.50% 6.50% 6.50% 8.00% 8.00% 8.00% 10.00% 10.00% 10.00% 5.00% 5.00% 5.00% 5.64% 5.62% 5.60% 6.49% 6.45% 6.41% 5.54% 5.48% 5.43% 3.57% 3.70% 3.79% 12.14%12.12% 12.10% 14.49%14.45%14.41% 15.54%15.48%15.43% 8.57% 8.70% 8.79% 4Q25 2Q26 3Q26 4Q25 2Q26 3Q26 4Q25 2Q26 3Q26 4Q25 2Q26 3Q26 CET1 tier 1 capital total capital tier 1 leverage well-capitalized excess 13.6% BOHC strong capital 27 60.6% 61.2% 76.6% BOHC 2Q26 BOHC 3Q26 KRX median 2Q26 1 RWA / total assets note: 3Q26 regulatory capital ratios are preliminary

 

✔ NII and NIM increased for the tenth consecutive quarter ✔ dominant market position in a unique market ✔ exceptional credit quality ✔ strong liquidity and risk-based capital takeaways 28

 

Q & A

 

appendix

 

note: as of September 30, 2026, 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 $10.2B $7.5B readily available liquidity 31

 

insured/collateralized deposits uninsured/ uncollateralized 37% uninsured/ collateralized 10% insured 54% note: as of September 30, 2026; numbers may not add up due to rounding 32

 

0 5 10 15 20 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2Q26 s q u a re f e e t (m ill io n s ) retail 0 5 10 15 20 25 30 35 40 45 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2Q26 s q u a re f e e t (m ill io n s ) industrial Oahu market inventory 33 CRE supply constraints 10-yr CAGR: 0.6% 10-yr CAGR: -0.9% 10-yr CAGR: 0.3% 10-yr CAGR: 0.4% note: 10-yr CAGR for inventory are based on years 2016 through 2025 source: Colliers (industrial, office, retail) and CoStar (multi-family) 0 5 10 15 20 25 30 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2Q26 u n it s ( th o u s a n d s ) multi-family 0 5 10 15 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2Q26 s q u a re f e e t (m ill io n s ) office

 

CRE office 2% of total loans • 56% wtd avg LTV • $1.6MM average exposure • 19% CBD (downtown Honolulu) - 65% wtd avg LTV - 67% with repayment guaranties • 13% maturing prior to 2028 • 2.5% criticized highlights LTV ≤ 60% 56% LTV > 60% to 70% 31% LTV > 70% to 80% 13% LTV > 80% 0.2% LTV distribution $318MM 34 8.5% 4.8% 10.9% 14.8% 16.8% 44.1% - 50 100 150 200 250 300 2026 2027 2028 2029 2030 2031+ $ m ill io n s scheduled maturity

 

CRE multi-family 9% of total loans • 58% wtd avg LTV • $4.2MM average exposure • 100.0% LIHTC, affordable or market • 13% maturing prior to 2028 • 2.1% criticized highlights LTV ≤ 60% 53% LTV > 60% to 70% 30% LTV > 70% to 80% 12% LTV > 80% 5% LTV distribution 0.5% 12.9% 6.4% 2.0% 8.2% 70.1% - 300 600 900 1,200 2026 2027 2028 2029 2030 2031+ $ m ill io n s scheduled maturity $1.3B 35

 

stable real estate prices Oahu market indicators – YTD 2026 as of Sep 2026 source: Honolulu Board of Realtors, compiled from MLS data 36 single family homes condominiums YTD-26 YTD-25 Δ YTD-25 YTD-26 YTD-25 Δ YTD-25 median sales price (000s) $1,180 $1,145 3.1% $515 $505 2.0% closed sales 2,243 2,118 5.9% 3,209 3,289 -2.4% median days on market 16 23 7 days 42 44 2 days

 

2.8% 2.5% 2.5% 4.1% 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 3 Q 2 6 4 Q 2 6 1 Q 2 7 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 in 4Q25 reflects average of Nov 2025 and Dec 2025 rate 37

 

38 visitor arrivals units in persons source: Hawaii Department of Business, Economic Development, and Tourism (DBEDT) - 50,000 100,000 150,000 200,000 250,000 300,000 350,000 400,000 450,000 500,000 550,000 600,000 650,000 700,000 Aug-19 Aug-20 Aug-21 Aug-22 Aug-23 Aug-24 Aug-25 Aug-26 US visitor Japan other

 

visitor spend $ in millions 39source: Hawaii Department of Business, Economic Development, and Tourism (DBEDT) $0 $250 $500 $750 $1,000 $1,250 $1,500 $1,750 $2,000 $2,250 $2,500

 

revenue per available room revenue per available room (RevPAR) 40source: 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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