Q3 2025 Bank of Hawaii Corp Earnings Call Transcript
Key Points
- Bank of Hawaii Corp (BOH) reported a 29% increase in fully diluted earnings per share compared to the previous year, reaching $1.20 per share.
- Net interest margin improved for the sixth consecutive quarter, increasing by 7 basis points to 2.46%.
- The company achieved a return on common equity of 13.6% for the quarter.
- Average deposits increased by 7% on an annualized basis, indicating strong deposit growth.
- Credit quality remained strong, with non-performing assets and delinquencies showing improvement from previous quarters.
- The cost of interest-bearing liabilities declined only modestly by 2 basis points, indicating limited improvement in funding costs.
- The mix shift during the quarter had a negative impact of $800,000 on net interest income.
- Non-interest expense increased to $112.4 million, partly due to a severance-related charge of $2.1 million.
- The provision for credit losses was $2.5 million, indicating ongoing credit risk management challenges.
- The company did not repurchase any common shares during the quarter, despite having $126 million available under the current repurchase program.
Good day, and thank you for standing by. Welcome to the Bank of Hawaii Corporation third quarter 2025 earnings conference call. (Operator Instructions) Please be advised today's conference is being recorded.
I would now like to hand the conference over to your speaker today, Chang Park. Please go ahead.
Good morning and good afternoon. Thank you for joining us today for our third quarter 2025 earnings conference call. Joining me today is our Chairman and CEO, Peter Ho; President and Chief Banking Officer, Jim Polk, CFO Battenberg and Chief Risk Officer, Bradley Shairson.
Before we get started, I want to remind you that today's conference call will contain some forward-looking statements. And while we believe our assumptions are reasonable, the actual results may differ materially from those projected. During the call today, we'll be referencing a slide presentation as well as the earnings release. Both of these are available on our website, boh.com, under the Investor Relations
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