Bank of Hawaii Corporation (BOH)

Bank of Hawaii Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	653.62	590.61	439.8	398.62	417.5
Interest Income on Investments	210.14	219.76	157.57	128.1	128.93
Total Interest Income	863.75	810.38	597.37	526.72	546.42
Interest Paid on Deposits	368.76	250.85	39.68	15.22	32.97
Interest Paid on Borrowings	28.41	62.5	17.13	14.21	17.14
Total Interest Expense	397.17	313.35	56.81	29.43	50.1
Net Interest Income	466.58	497.03	540.56	497.29	496.32
Net Interest Income Growth (YoY)	-6.13%	-8.05%	8.70%	0.20%	-0.28%
Trust Income	47.49	43.6	43.8	46.07	43.46
Mortgage Banking Activities	4.11	4.26	4.15	12.9	21.76
Gain (Loss) on Sale of Investments	-7.51	-12.23	-7.3	-1.3	9.93
Other Non-Interest Income	96.01	109.1	84.25	86.05	88.24
Total Non-Interest Income	172.53	175.83	154.52	169.29	188.3
Non-Interest Income Growth (YoY)	-1.88%	13.79%	-8.72%	-10.10%	2.71%
Revenues Before Loan Losses	639.11	672.86	695.08	666.58	684.62
Provision for Loan Losses	11.15	9	-7.8	-50.5	117.8
Revenue	627.96	663.86	702.88	717.08	566.82
Revenue Growth (YoY)	-5.41%	-5.55%	-1.98%	26.51%	-14.77%
Salaries and Employee Benefits	205.67	204.63	206.66	228.29	207.33
Occupancy Expenses	42.08	24.53	23.97	26.24	37.93
Federal Deposit Insurance	17.85	28.31	6.55	6.54	5.78
Selling, General & Administrative	93.41	114.88	111.97	68.9	66.13
Other Non-Interest Expense	71.1	63.5	64.1	63.62	55.03
Total Non-Interest Expense	430.11	436.74	414.08	393.59	372.21
EBT Excluding Unusual Items	197.85	227.12	288.81	323.49	194.62
Asset Writedown	-	-	1.83	2.06	-3.89
Pretax Income	197.85	227.12	290.63	325.55	189.12
Income Tax Expense	47.86	55.91	64.83	72.18	35.32
Net Income	149.99	171.2	225.8	253.37	153.8
Preferred Dividends & Other Adjustments	12.64	7.88	7.88	2.98	-
Net Income to Common	137.35	163.33	217.93	250.4	153.8
Net Income Growth	-12.39%	-24.18%	-10.88%	64.74%	-31.92%
Basic Shares Outstanding	39	39	40	40	40
Diluted Shares Outstanding	40	39	40	40	40
Shares Change (YoY)	0.69%	-0.90%	-0.66%	0.40%	-1.86%
EPS (Basic)	3.48	4.16	5.50	6.29	3.87
EPS (Diluted)	3.46	4.14	5.48	6.25	3.86
EPS Growth	-16.43%	-24.45%	-12.32%	61.92%	-30.58%
Dividend Per Share	2.800	2.800	2.800	2.740	2.680
Dividend Growth	0%	0%	2.19%	2.24%	3.47%
Effective Tax Rate	24.19%	24.62%	22.31%	22.17%	18.68%

Source: S&P Capital IQ. Banks template. Financial Sources.