Bank of Hawaii Corp (NYSE:BOH) reported third-quarter earnings on Monday that came in above Wall Street expectations, sending its shares 1.91% higher in pre-market trading.
The bank posted earnings per share of $1.20, topping analyst estimates of $1.17. Revenue reached $182.64 million, surpassing the $180.95 million consensus. Net income rose to $53.3 million, an increase of 12.0% from the previous quarter and 32.2% year over year.
It was the bank’s sixth straight quarter of net interest income and margin growth. Net interest income climbed to $136.7 million, up 5.4% sequentially and 16.2% compared to a year ago, while net interest margin improved to 2.46%, representing gains of 7 basis points from the prior quarter and 28 basis points year over year.
“Bank of Hawai’i delivered another quarter of solid results in the third quarter of 2025,” said Peter Ho, Chairman and CEO. “Our credit quality remains exceptional, and we remain focused on prudent expense management and long-term value creation for our stakeholders.”
Average deposit balances rose at an annualized rate of 7.1% quarter over quarter, while total loans and leases posted modest growth. Asset quality remained strong, with non-performing assets falling to $16.9 million from $17.9 million in the previous quarter.
The Board of Directors declared a quarterly cash dividend of $0.70 per share, payable on December 12, 2025, to shareholders of record as of November 28, 2025.
Capital ratios also remained well above regulatory minimums, with the Tier 1 Capital Ratio rising to 14.34%, compared to 14.17% in the previous quarter and 14.05% a year earlier.