Bank of Hawaii Corporation (BOH)

Bank of Hawaii Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	647.15	590.61	439.8	398.62	417.5	439.01
Interest Income on Investments	207.73	219.76	157.57	128.1	128.93	148.39
Total Interest Income	854.88	810.38	597.37	526.72	546.42	587.4
Interest Paid on Deposits	363.79	250.85	39.68	15.22	32.97	68.37
Interest Paid on Borrowings	28.91	62.5	17.13	14.21	17.14	21.31
Total Interest Expense	392.69	313.35	56.81	29.43	50.1	89.68
Net Interest Income	462.19	497.03	540.56	497.29	496.32	497.72
Net Interest Income Growth (YoY)	-11.45%	-8.05%	8.70%	0.20%	-0.28%	2.34%
Trust Income	46.47	43.6	43.8	46.07	43.46	44.23
Mortgage Banking Activities	4.18	4.26	4.15	12.9	21.76	13.69
Gain (Loss) on Sale of Investments	-6.6	-12.23	-7.3	-1.3	9.93	-3.99
Other Non-Interest Income	95.23	109.1	84.25	86.05	88.24	99.33
Total Non-Interest Income	170.99	175.83	154.52	169.29	188.3	183.34
Non-Interest Income Growth (YoY)	-0.87%	13.79%	-8.72%	-10.10%	2.71%	8.53%
Revenues Before Loan Losses	633.18	672.86	695.08	666.58	684.62	681.05
Provision for Loan Losses	9.9	9	-7.8	-50.5	117.8	16
Revenue	623.28	663.86	702.88	717.08	566.82	665.05
Revenue Growth (YoY)	-9.38%	-5.55%	-1.98%	26.51%	-14.77%	3.62%
Salaries and Employee Benefits	200.79	204.63	206.66	228.29	207.33	216.11
Occupancy Expenses	26.17	24.53	23.97	26.24	37.93	33.8
Federal Deposit Insurance	32.68	28.31	6.55	6.54	5.78	5.19
Selling, General & Administrative	116.26	114.88	111.97	68.9	66.13	58.12
Other Non-Interest Expense	60.58	63.5	64.1	63.62	55.03	66.01
Total Non-Interest Expense	437.36	436.74	414.08	393.59	372.21	379.23
EBT Excluding Unusual Items	185.91	227.12	288.81	323.49	194.62	285.83
Asset Writedown	-	-	1.83	2.06	-3.89	-
Pretax Income	185.91	227.12	290.63	325.55	189.12	285.83
Income Tax Expense	44.69	55.91	64.83	72.18	35.32	59.91
Net Income	141.23	171.2	225.8	253.37	153.8	225.91
Preferred Dividends & Other Adjustments	9.34	7.88	7.88	2.98	-	-
Net Income to Common	131.88	163.33	217.93	250.4	153.8	225.91
Net Income Growth	-30.12%	-24.18%	-10.88%	64.74%	-31.92%	2.87%
Basic Shares Outstanding	39	39	40	40	40	40
Diluted Shares Outstanding	40	39	40	40	40	41
Shares Change (YoY)	0.46%	-0.90%	-0.66%	0.40%	-1.86%	-3.21%
EPS (Basic)	3.35	4.16	5.50	6.29	3.87	5.59
EPS (Diluted)	3.33	4.14	5.48	6.25	3.86	5.56
EPS Growth	-32.32%	-24.45%	-12.32%	61.92%	-30.58%	6.31%
Dividend Per Share	2.800	2.800	2.800	2.740	2.680	2.590
Dividend Growth	0%	0%	2.19%	2.24%	3.47%	10.68%
Effective Tax Rate	24.04%	24.62%	22.31%	22.17%	18.68%	20.96%

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