Bank of Hawai‘i Corporation First Quarter 2026 Financial Results

Diluted Earnings Per Common Share of $1.30 Net Income of $57.4 Million Net Interest Margin Increased to 2.74%, a 13 Basis Point Improvement Quarterly Cost of Deposits Decreased to 1.26%, a 17 Basis Point Improvement Share Repurchases of $15.1 Million HONOLULU--(BUSINESS WIRE)--Apr. 20, 2026-- Bank of Hawai‘i Corporation (NYSE: BOH) (the “Company”) today reported diluted earnings per common share of $1.30 for the first quarter of 2026, compared with $1.39 during the linked quarter. Net income for the quarter was $57.4 million, down 5.7% from the linked quarter. The return on average common equity for the first quarter of 2026 was 13.90% compared with 15.03% during the linked quarter. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260420410662/en/ “Bank of Hawai‘i began the year on firm footing,” said Jim Polk, President and CEO. “This performance underscores the strength and resilience of our franchise. Net interest income and net interest margin continued to improve, supported by disciplined balance sheet management and a stable deposit base. Total loans and leases and average noninterest-bearing deposits increased compared to the prior quarter. Credit quality continues to be strong, and we remain focused on expense management. As I step into this role, we are committed to executing our strategy, supporting our customers and communities, and building on our strong, established foundation.” Financial Highlights Net interest income for the first quarter of 2026 was $151.0 million, an increase of 3.9% from the linked quarter. The increase was primarily driven by a 22 basis point decline in our interest‑bearing deposit rates following the FOMC interest rate cuts in late 2025, partially offset by a 4 basis point decline in earning asset yields as floating-rate assets repriced down more than the benefit from fixed-rate assets rolling off and being reinvested at higher rates (fixed asset repricing). Net interest margin was 2.74% in the first quarter of 2026, an increase of 13 basis points from the linked quarter, reflecting the same deposit cost and asset yield dynamics as previously mentioned. The average yield on total earning assets was 4.03% and the average yield on loans and leases was 4.75% in the first quarter of 2026, down 4 basis points and 6 basis points, respectively, from the linked quarter. As discussed above, the decrease in loan yield from the linked quarter was primarily driven by floating-rate assets repricing to lower current interest rates, partially offset by fixed asset repricing. The average rate of interest-bearing deposits was 1.72% and the average quarterly rate of total deposits, including noninterest-bearing deposits, was 1.26%, down 22 basis points and 17 basis points, respectively, from the linked quarter. As discussed above, the decreases were primarily due to the repricing down of our interest-bearing deposits following the FOMC interest rate cuts in late 2025. The deposit beta for the downward rate cycle was 36% as of the first quarter of 2026. Noninterest income was $41.3 million in the first quarter of 2026, a decrease of 6.6% from the linked quarter. Noninterest income in the first quarter of 2026 included a $0.2 million charge related to a Visa Class B share conversion ratio change. Noninterest income in the linked quarter included an $18.1 million gain related to the sale of our merchant services portfolio, a $16.8 million loss on the sale of investments, and a $0.8 million charge related to a Visa Class B share conversion ratio change. Adjusted for these items, noninterest income for the first quarter of 2026 was down 5.1% from the linked quarter. The decrease was primarily due to decreases in other loan fees, which were elevated in the fourth quarter of 2025, as well as lower swap fees and trust and management fees, partially offset by higher BOLI income and annuity and insurance fees. Noninterest expense was $116.1 million in the first quarter of 2026, an increase of 6.0% from the linked quarter. Noninterest expense in the first quarter included $3.5 million in expenses related to the accelerated vesting of restricted stock awards pursuant to the retirement provision of performance-based restricted stock granted in 2024 and 2025 and $0.7 million in separation expenses. Noninterest expense in the linked quarter included a $1.4 million reduction in our FDIC special assessment charge and a $1.1 million donation to the Bank of Hawai‘i Foundation. Adjusted for these items, noninterest expense for the first quarter of 2026 increased by 1.9% from the linked quarter. The increase was primarily due to higher seasonal payroll expenses, net occupancy, equipment expenses, and professional fees, partially offset by lower FDIC insurance and other expenses. The effective tax rate for the first quarter of 2026 was 22.91% compared to 21.50% during the linked quarter. The higher effective tax rate in the current quarter as compared to the linked quarter was primarily due to lower benefits from certain tax advantaged investments and an increase in tax expense from discrete items. Asset Quality The Company’s overall asset quality remained strong during the first quarter of 2026. Provision for credit losses for the first quarter of 2026 was $1.8 million, down $0.8 million from the linked quarter. Total non-performing assets were $12.1 million at March 31, 2026, down $2.1 million from December 31, 2025. Non-performing assets as a percentage of total loans and leases and foreclosed real estate were 0.09% at the end of the quarter, a decrease of 1 basis point from the linked quarter. Net loan and lease charge-offs during the first quarter of 2026 were $1.1 million or 3 basis points annualized of total average loans and leases outstanding. Gross charge-offs of $4.1 million were partially offset by gross recoveries of $3.0 million. Compared to the linked quarter, net loan and lease charge-offs decreased by $3.1 million or 9 basis points annualized on total average loans and leases outstanding. The allowance for credit losses on loans and leases was $147.0 million at March 31, 2026, an increase of $0.2 million from December 31, 2025. The ratio of the allowance for credit losses to total loans and leases outstanding was 1.04% at the end of the quarter, unchanged from December 31, 2025. Balance Sheet Total assets were $23.9 billion at March 31, 2026, a decrease of 1.1% from December 31, 2025. The decrease from December 31, 2025 was primarily due to a reduction in cash and cash equivalents, partially offset by increases in available-for-sale securities and loans and leases. The investment securities portfolio was $7.9 billion at March 31, 2026, an increase of 1.7% from December 31, 2025. The increase was primarily due to the purchases of available-for-sale investment securities, partially offset by the amortization of the portfolio. 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 $14.2 billion at March 31, 2026, an increase of 0.8% from December 31, 2025. Total commercial loans were $6.2 billion at March 31, 2026, an increase of 2.0% from December 31, 2025. The increase was primarily due to commercial mortgage production. Total consumer loans were $8.0 billion at March 31, 2026, a decrease of 0.1% from December 31, 2025. The decrease was primarily due to amortization and paydowns, partially offset by increased production in the residential mortgage portfolio. Total deposits were $21.0 billion at March 31, 2026, a decrease of 1.1% from December 31, 2025. Noninterest-bearing deposits made up 27.0% of total deposit balances at March 31, 2026, down from 27.2% at December 31, 2025. Average total deposits were $20.9 billion for the first quarter of 2026, down 0.3% from December 31, 2025. Capital and Dividends The Company’s capital levels remain well above regulatory well-capitalized minimums. The Tier 1 Capital Ratio was 14.40% at March 31, 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 retained earnings growth. The Tier 1 Leverage Ratio was 8.62% at March 31, 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 194.1 thousand shares of common stock at a total cost of $15.1 million under the share repurchase program in the first quarter of 2026. Total remaining buyback authority under the share repurchase program was $105.9 million at March 31, 2026. 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 June 12, 2026 to shareholders of record at the close of business on May 29, 2026. On April 3, 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 May 1, 2026 to shareholders of record of the preferred stock as of the close of business on April 16, 2026. Conference Call Information The Company will review its first 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 webcast can be accessed via the link: https://register-conf.media-server.com/register/BI42ddba51d0fa4b6dacb219e80a369fdb. A replay of the conference call will be available for one year beginning at approximately 11:00 a.m. Hawai‘i Time on Monday, April 20, 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. Bank of Hawai‘i Corporation and Subsidiaries Financial Highlights Table 1 Three Months Ended (dollars in thousands, except per share amounts) March 31, 2026 December 31, 2025 March 31, 2025 For the Period: Operating Results Net Interest Income $ 150,990 $ 145,374 $ 125,807 Provision for Credit Losses 1,750 2,500 3,250 Total Noninterest Income 41,332 44,271 44,058 Total Noninterest Expense 116,071 109,518 110,459 Pre-Provision Net Revenue 76,251 80,127 59,406 Net Income 57,432 60,935 43,985 Net Income Available to Common Shareholders 52,163 55,666 38,716 Basic Earnings Per Common Share 1.32 1.40 0.98 Diluted Earnings Per Common Share 1.30 1.39 0.97 Dividends Declared Per Common Share 0.70 0.70 0.70 Performance Ratios Return on Average Assets 0.97 % 1.01 % 0.75 % Return on Average Shareholders' Equity 12.47 13.33 10.65 Return on Average Common Equity 13.90 15.03 11.80 Efficiency Ratio 1 60.35 57.75 65.03 Net Interest Margin 2 2.74 2.61 2.32 Dividend Payout Ratio 3 53.03 50.00 71.43 Average Shareholders' Equity to Average Assets 7.81 7.57 7.09 Average Balances Average Loans and Leases $ 14,083,875 $ 14,013,532 $ 14,062,173 Average Assets 23,915,334 23,958,401 23,638,068 Average Deposits 20,915,443 20,980,199 20,669,539 Average Shareholders' Equity 1,867,165 1,814,000 1,675,571 Per Share of Common Stock Book Value $ 38.10 $ 37.92 $ 34.23 Tangible Book Value 37.31 37.12 33.43 Market Value Closing 74.25 68.37 68.97 High 80.61 71.85 76.00 Low 67.04 59.36 65.82 March 31, 2026 December 31, 2025 March 31, 2025 As of Period End: Balance Sheet Totals Loans and Leases $ 14,192,811 $ 14,082,050 $ 14,115,323 Total Assets 23,909,933 24,176,364 23,885,056 Total Deposits 20,957,930 21,188,495 21,008,217 Other Debt 558,150 558,176 558,250 Total Shareholders' Equity 1,854,563 1,851,212 1,704,935 Asset Quality Non-Performing Assets $ 12,090 $ 14,171 $ 17,451 Allowance for Credit Losses - Loans and Leases 146,962 146,766 147,707 Allowance to Loans and Leases Outstanding 4 1.04 % 1.04 % 1.05 % Capital Ratios 5 Common Equity Tier 1 Capital Ratio 6 12.06 % 12.14 % 11.58 % Tier 1 Capital Ratio 14.40 14.49 13.93 Total Capital Ratio 15.44 15.54 14.97 Tier 1 Leverage Ratio 8.62 8.57 8.36 Total Shareholders' Equity to Total Assets 7.76 7.66 7.14 Tangible Common Equity to Tangible Assets 7 6.19 6.11 5.57 Tangible Common Equity to Risk-Weighted Assets 7 10.28 10.35 9.28 Non-Financial Data Full-Time Equivalent Employees 1,866 1,877 1,876 Branches 52 51 50 ATMs 319 320 316 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. 4 The numerator comprises the Allowance for Credit Losses - Loans and Leases. 5 Regulatory capital ratios as of March 31, 2026 are preliminary. 6 Capital Ratio as of December 31, 2025 has been updated to reflect final reported ratio. 7 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 2 “Reconciliation of Non-GAAP Financial Measures”. Bank of Hawai‘i Corporation and Subsidiaries Reconciliation of Non-GAAP Financial Measures Table 2 (dollars in thousands) March 31, 2026 December 31, 2025 March 31, 2025 Total Shareholders' Equity $ 1,854,563 $ 1,851,212 $ 1,704,935 Less: Preferred Stock 345,000 345,000 345,000 Goodwill 31,517 31,517 31,517 Tangible Common Equity $ 1,478,046 $ 1,474,695 $ 1,328,418 Total Assets $ 23,909,933 $ 24,176,364 $ 23,885,056 Less: Goodwill 31,517 31,517 31,517 Tangible Assets $ 23,878,416 $ 24,144,847 $ 23,853,539 Risk-Weighted Assets, determined in accordance with prescribed regulatory requirements 1, 2 $ 14,382,622 $ 14,246,238 $ 14,319,932 Total Shareholders' Equity to Total Assets 7.76% 7.66% 7.14% Tangible Common Equity to Tangible Assets (Non-GAAP) 6.19% 6.11% 5.57% Tier 1 Capital Ratio 1 14.40% 14.49% 13.93% Tangible Common Equity to Risk-Weighted Assets (Non-GAAP) 1 10.28% 10.35% 9.28% 1 Regulatory capital ratios as of March 31, 2026 are preliminary. 2 Capital Ratio as of December 31, 2025 has been updated to reflect final reported ratio. Bank of Hawai‘i Corporation and Subsidiaries Consolidated Statements of Income Table 3 Three Months Ended (dollars in thousands, except per share amounts) March 31, 2026 December 31, 2025 March 31, 2025 Interest Income Interest and Fees on Loans and Leases $ 164,469 $ 168,234 $ 163,082 Income on Investment Securities Available-for-Sale 34,575 32,950 24,368 Held-to-Maturity 18,541 18,929 20,291 Cash and Cash Equivalents 3,329 5,936 5,460 Other 1,293 1,245 1,085 Total Interest Income 222,207 227,294 214,286 Interest Expense Deposits 64,886 75,477 81,692 Securities Sold Under Agreements to Repurchase 486 496 744 Other Debt 5,845 5,947 6,043 Total Interest Expense 71,217 81,920 88,479 Net Interest Income 150,990 145,374 125,807 Provision for Credit Losses 1,750 2,500 3,250 Net Interest Income After Provision for Credit Losses 149,240 142,874 122,557 Noninterest Income Trust and Asset Management 12,445 12,883 11,741 Fees, Exchange, and Other Service Charges 10,928 12,298 14,437 Service Charges on Deposit Accounts 8,440 8,694 8,259 Bank-Owned Life Insurance 4,147 3,758 3,611 Annuity and Insurance 1,469 1,124 1,555 Mortgage Banking 876 917 988 Investment Securities Losses, Net (1,272 ) (18,717 ) (1,607 ) Other 4,299 23,314 5,074 Total Noninterest Income 41,332 44,271 44,058 Noninterest Expense Salaries and Benefits 68,457 61,675 62,884 Net Occupancy 10,782 10,029 10,559 Net Equipment 10,611 10,047 10,192 Data Processing 5,581 5,659 5,267 Professional Fees 4,226 3,682 4,264 FDIC Insurance 2,719 2,378 1,642 Other 13,695 16,048 15,651 Total Noninterest Expense 116,071 109,518 110,459 Income Before Provision for Income Taxes 74,501 77,627 56,156 Provision for Income Taxes 17,069 16,692 12,171 Net Income $ 57,432 $ 60,935 $ 43,985 Preferred Stock Dividends 5,269 5,269 5,269 Net Income Available to Common Shareholders $ 52,163 $ 55,666 $ 38,716 Basic Earnings Per Common Share $ 1.32 $ 1.40 $ 0.98 Diluted Earnings Per Common Share $ 1.30 $ 1.39 $ 0.97 Dividends Declared Per Common Share $ 0.70 $ 0.70 $ 0.70 Basic Weighted Average Common Shares 39,568,000 39,641,382 39,554,834 Diluted Weighted Average Common Shares 39,981,356 40,003,635 39,876,406 Bank of Hawai‘i Corporation and Subsidiaries Consolidated Statements of Comprehensive Income Table 4 Three Months Ended (dollars in thousands) March 31, 2026 December 31, 2025 March 31, 2025 Net Income $ 57,432 $ 60,935 $ 43,985 Other Comprehensive Income (Loss), Net of Tax: Net Change in Unrealized Gains (Losses) on Investment Securities (3,001 ) 29,367 24,760 Net Change in Defined Benefit Plans 222 2,446 232 Other Comprehensive Income (Loss) (2,779 ) 31,813 24,992 Comprehensive Income $ 54,653 $ 92,748 $ 68,977 Bank of Hawai‘i Corporation and Subsidiaries Consolidated Statements of Condition Table 5 (dollars in thousands, except per share amounts) March 31, 2026 December 31, 2025 March 31, 2025 Assets Cash and Cash Equivalents $ 425,080 $ 946,520 $ 935,200 Investment Securities Available-for-Sale 3,722,405 3,510,652 2,887,019 Held-to-Maturity (Fair Value of $3,549,687; $3,651,966; and $3,823,655) 4,163,261 4,245,681 4,535,108 Loans Held for Sale 3,609 4,369 2,640 Loans and Leases 14,192,811 14,082,050 14,115,323 Allowance for Credit Losses (146,962 ) (146,766 ) (147,707 ) Net Loans and Leases 14,045,849 13,935,284 13,967,616 Premises and Equipment, Net 215,859 199,747 187,858 Operating Lease Right-of-Use Assets 82,244 83,424 83,577 Accrued Interest Receivable 70,555 69,899 67,706 Mortgage Servicing Rights 17,036 17,455 18,770 Goodwill 31,517 31,517 31,517 Bank-Owned Life Insurance 499,681 499,795 481,260 Other Assets 632,837 632,021 686,785 Total Assets $ 23,909,933 $ 24,176,364 $ 23,885,056 Liabilities Deposits Noninterest-Bearing Demand $ 5,653,265 $ 5,755,371 $ 5,493,232 Interest-Bearing Demand 3,884,305 3,910,952 3,775,948 Savings 8,683,875 8,741,090 8,700,143 Time 2,736,485 2,781,082 3,038,894 Total Deposits 20,957,930 21,188,495 21,008,217 Securities Sold Under Agreements to Repurchase 50,000 50,000 50,000 Other Debt 558,150 558,176 558,250 Operating Lease Liabilities 91,213 92,402 92,267 Retirement Benefits Payable 25,686 20,139 23,640 Accrued Interest Payable 19,757 22,370 23,261 Other Liabilities 352,634 393,570 424,486 Total Liabilities 22,055,370 22,325,152 22,180,121 Shareholders’ Equity Preferred Stock (Series A, $.01 par value; authorized 180,000 shares issued and outstanding) 180,000 180,000 180,000 Preferred Stock (Series B, $.01 par value; authorized 165,000 shares issued and outstanding) 165,000 165,000 165,000 Common Stock ($.01 par value; authorized 500,000,000 shares; issued / outstanding: March 31, 2026 - 59,000,929 / 39,620,563; December 31, 2025 - 58,780,253 / 39,725,698; and March 31, 2025 - 58,765,864 / 39,734,304) 590 587 586 Capital Surplus 672,584 664,781 651,374 Accumulated Other Comprehensive Loss (247,217 ) (244,438 ) (318,397 ) Retained Earnings 2,229,539 2,205,707 2,144,326 Treasury Stock, at Cost (Shares: March 31, 2026 - 19,380,366; December 31, 2025 - 19,054,555; and March 31, 2025 - 19,031,560) (1,145,933 ) (1,120,425 ) (1,117,954 ) Total Shareholders’ Equity 1,854,563 1,851,212 1,704,935 Total Liabilities and Shareholders’ Equity $ 23,909,933 $ 24,176,364 $ 23,885,056 Bank of Hawai‘i Corporation and Subsidiaries Consolidated Statements of Shareholders' Equity Table 6 (dollars in thousands, except per share amounts) Preferred Shares Series A Outstanding Preferred Series A Stock Preferred Shares Series B Outstanding Preferred Series B Stock Common Shares Outstanding Common Stock Capital Surplus Accum. Other Comprehensive Income (Loss) Retained Earnings Treasury Stock Total Balance as of December 31, 2025 180,000 $ 180,000 165,000 $ 165,000 39,725,698 $ 587 $ 664,781 $ (244,438 ) $ 2,205,707 $ (1,120,425 ) $ 1,851,212 Net Income – – – – – – – – 57,432 – 57,432 Other Comprehensive Loss – – – – – – – (2,779 ) – – (2,779 ) Share-Based Compensation – – – – – – 7,459 – – – 7,459 Common Stock Issued Under Purchase and Equity Compensation Plans – – – – 237,399 3 344 – – 881 1,228 Common Stock Repurchased Under Share Repurchase Program – – – – (194,096 ) – – – – (15,109 ) (15,109 ) Equity Compensation Plan Common Stock Repurchases – – – – (148,438 ) – – – – (11,280 ) (11,280 ) Cash Dividends Declared Common Stock ($0.70 per share) – – – – – – – – (28,331 ) – (28,331 ) Cash Dividends Declared Preferred Stock – – – – – – – – (5,269 ) – (5,269 ) Balance as of March 31, 2026 180,000 $ 180,000 165,000 $ 165,000 39,620,563 $ 590 $ 672,584 $ (247,217 ) $ 2,229,539 $ (1,145,933 ) $ 1,854,563 Balance as of December 31, 2024 180,000 $ 180,000 165,000 $ 165,000 39,762,255 $ 585 $ 647,403 $ (343,389 ) $ 2,133,838 $ (1,115,663 ) $ 1,667,774 Net Income – – – – – – – – 43,985 – 43,985 Other Comprehensive Income – – – – – – – 24,992 – – 24,992 Share-Based Compensation – – – – – – 3,680 – – – 3,680 Common Stock Issued Under Purchase and Equity Compensation Plans – – – – 19,477 1 291 – – 1,023 1,315 Equity Compensation Plan Common Stock Repurchases – – – – (47,428 ) – – – – (3,314 ) (3,314 ) Cash Dividends Declared Common Stock ($0.70 per share) – – – – – – – – (28,228 ) – (28,228 ) Cash Dividends Declared Preferred Stock – – – – – – – – (5,269 ) – (5,269 ) Balance as of March 31, 2025 180,000 $ 180,000 165,000 $ 165,000 39,734,304 $ 586 $ 651,374 $ (318,397 ) $ 2,144,326 $ (1,117,954 ) $ 1,704,935 Bank of Hawai‘i Corporation and Subsidiaries Average Balances and Interest Rates - Taxable-Equivalent Basis 1 Table 7 Three Months Ended March 31, 2026 Three Months Ended December 31, 2025 Three Months Ended March 31, 2025 (dollars in millions) Average Balance Income/Expense 2 Yield/Rate Average Balance Income/Expense 2 Yield/Rate Average Balance Income/Expense 2 Yield/Rate Earning Assets Cash and Cash Equivalents $ 372.5 $ 3.3 3.58 % $ 604.5 $ 6.0 3.84 % $ 500.0 $ 5.5 4.37 % Investment Securities Available-for-Sale Taxable 3,598.1 34.2 3.82 3,363.4 32.5 3.86 2,790.3 24.1 3.47 Non-Taxable 32.1 0.4 5.07 32.0 0.5 5.80 21.3 0.3 5.68 Held-to-Maturity Taxable 4,175.4 18.4 1.76 4,265.7 18.8 1.76 4,548.6 20.2 1.77 Non-Taxable 33.5 0.2 2.10 33.7 0.2 2.10 34.1 0.2 2.09 Total Investment Securities 7,839.1 53.2 2.72 7,694.8 52.0 2.70 7,394.3 44.8 2.43 Loans Held for Sale 3.6 0.1 5.22 2.4 0.0 5.51 2.3 0.0 6.06 Loans and Leases 3 Commercial Mortgage 4,220.6 54.1 5.19 4,124.5 55.2 5.31 4,015.2 52.5 5.30 Commercial and Industrial 1,583.4 18.7 4.79 1,590.0 19.6 4.90 1,703.7 21.3 5.06 Construction 215.7 3.4 6.46 265.5 4.6 6.89 338.5 6.0 7.22 Commercial Lease Financing 86.9 0.9 4.29 89.7 0.9 4.19 91.1 0.9 3.83 Residential Mortgage 4,781.9 47.8 4.00 4,719.8 47.5 4.03 4,616.7 44.8 3.88 Home Equity 2,103.1 23.6 4.55 2,122.1 24.3 4.54 2,154.4 22.5 4.23 Automobile 684.6 9.4 5.57 692.7 9.6 5.49 752.6 9.3 5.02 Other 407.7 7.8 7.76 409.2 7.9 7.64 390.0 7.1 7.41 Total Loans and Leases 14,083.9 165.7 4.75 14,013.5 169.6 4.81 14,062.2 164.4 4.72 Other 81.9 1.3 6.31 82.2 1.2 6.06 65.1 1.1 6.67 Total Earning Assets 22,381.0 223.6 4.03 22,397.4 228.8 4.07 22,023.9 215.8 3.95 Non-Earning Assets 1,534.3 1,561.0 1,614.2 Total Assets $ 23,915.3 $ 23,958.4 $ 23,638.1 Interest-Bearing Liabilities Interest-Bearing Deposits Demand $ 3,839.0 $ 6.6 0.69 % $ 3,697.9 $ 7.3 0.78 % $ 3,773.4 $ 7.1 0.76 % Savings 8,668.4 38.7 1.81 8,738.2 44.3 2.01 8,544.5 47.1 2.23 Time 2,753.6 19.6 2.89 2,974.0 23.9 3.18 3,037.3 27.5 3.67 Total Interest-Bearing Deposits 15,261.0 64.9 1.72 15,410.1 75.5 1.94 15,355.2 81.7 2.16 Securities Sold Under Agreements to Repurchase 50.0 0.5 3.89 50.0 0.5 3.89 76.7 0.7 3.88 Other Debt 560.9 5.8 4.23 558.2 5.9 4.23 578.2 6.1 4.24 Total Interest-Bearing Liabilities 15,871.9 71.2 1.82 16,018.3 81.9 2.03 16,010.1 88.5 2.24 Net Interest Income $ 152.4 $ 146.9 $ 127.3 Interest Rate Spread 2.21 % 2.04 % 1.71 % Net Interest Margin 2.74 % 2.61 % 2.32 % Noninterest-Bearing Demand Deposits 5,654.4 5,570.1 5,314.3 Other Liabilities 521.8 556.0 638.1 Shareholders' Equity 1,867.2 1,814.0 1,675.6 Total Liabilities and Shareholders' Equity $ 23,915.3 $ 23,958.4 $ 23,638.1 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 $1.4 million, $1.6 million, and $1.5 million for the three months ended March 31, 2026, December 31, 2025, and March 31, 2025, respectively. 3 Non-performing loans and leases are included in the respective average loan and lease balances. Bank of Hawai‘i Corporation and Subsidiaries Analysis of Change in Net Interest Income - Taxable-Equivalent Basis Table 8a Three Months Ended March 31, 2026 Compared to December 31, 2025 (dollars in millions) Volume 1 Rate 1 Total Change in Interest Income: Cash and Cash Equivalents $ (2.2 ) $ (0.4 ) $ (2.6 ) Investment Securities Available-for-Sale Taxable 2.1 (0.4 ) 1.7 Non-Taxable — (0.1 ) (0.1 ) Held-to-Maturity Taxable (0.4 ) 0.0 (0.4 ) Non-Taxable 0.0 — 0.0 Total Investment Securities 1.7 (0.5 ) 1.2 Loans Held for Sale 0.0 0.0 0.0 Loans and Leases Commercial Mortgage 0.6 (1.8 ) (1.2 ) Commercial and Industrial (0.1 ) (0.8 ) (0.9 ) Construction (0.9 ) (0.3 ) (1.2 ) Commercial Lease Financing 0.0 0.0 0.0 Residential Mortgage 0.6 (0.3 ) 0.3 Home Equity (0.5 ) (0.1 ) (0.6 ) Automobile (0.2 ) 0.0 (0.2 ) Other (0.1 ) 0.0 (0.1 ) Total Loans and Leases (0.6 ) (3.3 ) (3.9 ) Other 0.0 0.0 0.0 Total Change in Interest Income (1.1 ) (4.2 ) (5.3 ) Change in Interest Expense: Interest-Bearing Deposits Demand 0.2 (0.9 ) (0.7 ) Savings (0.4 ) (5.2 ) (5.6 ) Time (1.9 ) (2.4 ) (4.3 ) Total Interest-Bearing Deposits (2.1 ) (8.5 ) (10.6 ) Securities Sold Under Agreements to Repurchase — 0.0 0.0 Other Debt (0.1 ) 0.0 (0.1 ) Total Change in Interest Expense (2.2 ) (8.5 ) (10.7 ) Change in Net Interest Income $ 1.1 $ 4.3 $ 5.4 1 The change in interest income and expense due to both volume and rate has been allocated between the factors in proportion to the relationship of the absolute dollar amounts of the change in each. Bank of Hawai‘i Corporation and Subsidiaries Analysis of Change in Net Interest Income - Taxable-Equivalent Basis Table 8b Three Months Ended March 31, 2026 Compared to March 31, 2025 (dollars in millions) Volume 1 Rate 1 Total Change in Interest Income: Cash and Cash Equivalents $ (1.2 ) $ (0.9 ) $ (2.1 ) Investment Securities Available-for-Sale Taxable 7.5 2.6 10.1 Non-Taxable 0.1 0.0 0.1 Held-to-Maturity Taxable (1.6 ) (0.1 ) (1.7 ) Non-Taxable 0.0 — 0.0 Total Investment Securities 6.0 2.5 8.5 Loans Held for Sale 0.0 0.0 0.0 Loans and Leases Commercial Mortgage 2.7 (1.2 ) 1.5 Commercial and Industrial (1.5 ) (1.1 ) (2.6 ) Construction (2.0 ) (0.6 ) (2.6 ) Commercial Lease Financing 0.0 0.1 0.1 Residential Mortgage 1.6 1.4 3.0 Home Equity (0.5 ) 1.6 1.1 Automobile (0.9 ) 1.0 0.1 Other 0.3 0.4 0.7 Total Loans and Leases (0.3 ) 1.6 1.3 Other 0.4 (0.3 ) 0.1 Total Change in Interest Income 4.9 2.9 7.8 Change in Interest Expense: Interest-Bearing Deposits Demand 0.2 (0.7 ) (0.5 ) Savings 0.6 (9.0 ) (8.4 ) Time (2.4 ) (5.5 ) (7.9 ) Total Interest-Bearing Deposits (1.6 ) (15.2 ) (16.8 ) Securities Sold Under Agreements to Repurchase (0.3 ) 0.0 (0.3 ) Other Debt (0.2 ) 0.0 (0.2 ) Total Change in Interest Expense (2.1 ) (15.2 ) (17.3 ) Change in Net Interest Income $ 7.0 $ 18.1 $ 25.1 1 The change in interest income and expense due to both volume and rate has been allocated between the factors in proportion to the relationship of the absolute dollar amounts of the change in each. Bank of Hawai‘i Corporation and Subsidiaries Salaries and Benefits Table 9 Three Months Ended (dollars in thousands) March 31, 2026 December 31, 2025 March 31, 2025 Salaries $ 38,990 $ 39,915 $ 38,242 Share-Based Compensation 7,282 4,379 3,501 Incentive Compensation 6,083 4,535 5,573 Payroll Taxes 5,321 2,740 4,766 Retirement and Other Benefits 4,597 4,378 5,061 Medical, Dental, and Life Insurance 4,222 3,916 4,537 Commission Expense 1,213 1,670 1,123 Separation Expense 749 142 81 Total Salaries and Benefits $ 68,457 $ 61,675 $ 62,884 Bank of Hawai‘i Corporation and Subsidiaries Loan and Lease Portfolio Balances Table 10 (dollars in thousands) March 31, 2026 December 31, 2025 September 30, 2025 June 30, 2025 March 31, 2025 Commercial Commercial Mortgage $ 4,341,448 $ 4,205,791 $ 4,040,711 $ 4,038,956 $ 4,038,287 Commercial and Industrial 1,575,207 1,584,245 1,581,232 1,597,560 1,703,290 Construction 204,993 208,584 380,944 374,768 363,716 Lease Financing 84,651 88,303 92,213 92,842 92,456 Total Commercial 6,206,299 6,086,923 6,095,100 6,104,126 6,197,749 Consumer Residential Mortgage 4,800,256 4,775,502 4,685,214 4,637,014 4,630,876 Home Equity 2,095,521 2,114,809 2,129,599 2,139,025 2,144,955 Automobile 680,570 690,376 699,244 715,688 740,390 Other 410,165 414,440 412,422 406,325 401,353 Total Consumer 7,986,512 7,995,127 7,926,479 7,898,052 7,917,574 Total Loans and Leases $ 14,192,811 $ 14,082,050 $ 14,021,579 $ 14,002,178 $ 14,115,323 Deposits (dollars in thousands) March 31, 2026 December 31, 2025 September 30, 2025 June 30, 2025 March 31, 2025 Consumer $ 10,530,223 $ 10,466,617 $ 10,393,932 $ 10,429,271 $ 10,522,627 Commercial 8,340,279 8,597,265 8,348,396 8,243,898 8,411,838 Public and Other 2,087,428 2,124,613 2,338,341 2,125,745 2,073,752 Total Deposits $ 20,957,930 $ 21,188,495 $ 21,080,669 $ 20,798,914 $ 21,008,217 Average Deposits Three Months Ended (dollars in thousands) March 31, 2026 December 31, 2025 September 30, 2025 June 30, 2025 March 31, 2025 Consumer $ 10,461,004 $ 10,373,200 $ 10,387,715 $ 10,435,867 $ 10,408,747 Commercial 8,431,519 8,478,592 8,504,078 8,316,893 8,318,182 Public and Other 2,022,920 2,128,407 2,176,493 1,946,933 1,942,610 Total Deposits $ 20,915,443 $ 20,980,199 $ 21,068,286 $ 20,699,693 $ 20,669,539 Bank of Hawai‘i Corporation and Subsidiaries Non-Performing Assets and Accruing Loans and Leases Past Due 90 Days or More Table 11 (dollars in thousands) March 31, 2026 December 31, 2025 September 30, 2025 June 30, 2025 March 31, 2025 Non-Performing Assets Non-Accrual Loans and Leases Commercial Commercial Mortgage $ - $ 2,085 $ 2,498 $ 2,566 $ 2,195 Commercial and Industrial 1,860 1,940 3,506 3,744 3,451 Total Commercial 1,860 4,025 6,004 6,310 5,646 Consumer Residential Mortgage 5,410 5,382 5,628 5,842 4,686 Home Equity 4,525 4,469 5,107 5,387 5,759 Total Consumer 9,935 9,851 10,735 11,229 10,445 Total Non-Accrual Loans and Leases 11,795 13,876 16,739 17,539 16,091 Foreclosed Real Estate 295 295 125 342 1,360 Total Non-Performing Assets $ 12,090 $ 14,171 $ 16,864 $ 17,881 $ 17,451 Accruing Loans and Leases Past Due 90 Days or More Consumer Residential Mortgage $ 10,733 $ 8,834 $ 7,456 $ 9,070 $ 3,895 Home Equity 1,556 2,152 2,765 1,867 2,228 Automobile 672 520 525 680 486 Other 764 753 578 630 943 Total Consumer 13,725 12,259 11,324 12,247 7,552 Total Accruing Loans and Leases Past Due 90 Days or More $ 13,725 $ 12,259 $ 11,324 $ 12,247 $ 7,552 Total Loans and Leases $ 14,192,811 $ 14,082,050 $ 14,021,579 $ 14,002,178 $ 14,115,323 Ratio of Non-Accrual Loans and Leases to Total Loans and Leases 0.08 % 0.10 % 0.12 % 0.13 % 0.11 % Ratio of Non-Performing Assets to Total Loans and Leases and Foreclosed Real Estate 0.09 % 0.10 % 0.12 % 0.13 % 0.12 % Ratio of Non-Performing Assets to Total Assets 0.05 % 0.06 % 0.07 % 0.08 % 0.07 % Ratio of Commercial Non-Performing Assets to Total Commercial Loans and Leases and Commercial Foreclosed Real Estate 0.03 % 0.07 % 0.10 % 0.10 % 0.09 % Ratio of Consumer Non-Performing Assets to Total Consumer Loans and Leases and Consumer Foreclosed Real Estate 0.13 % 0.13 % 0.14 % 0.15 % 0.15 % Ratio of Non-Performing Assets and Accruing Loans and Leases Past Due 90 Days or More to Total Loans and Leases and Foreclosed Real Estate 0.18 % 0.19 % 0.20 % 0.22 % 0.18 % Quarter to Quarter Changes in Non-Performing Assets Balance at Beginning of Quarter $ 14,171 $ 16,864 $ 17,881 $ 17,451 $ 19,300 Additions 1 1,010 2,608 959 3,522 2,209 Reductions Payments (2,744 ) (2,631 ) (804 ) (1,424 ) (1,212 ) Return to Accrual Status (341 ) (1,217 ) (321 ) (574 ) (244 ) Sales of Foreclosed Real Estate - (120 ) (216 ) (1,040 ) (1,492 ) Charge-offs / Write-downs 1 (6 ) (1,333 ) (635 ) (54 ) (1,110 ) Total Reductions (3,091 ) (5,301 ) (1,976 ) (3,092 ) (4,058 ) Balance at End of Quarter $ 12,090 $ 14,171 $ 16,864 $ 17,881 $ 17,451 1 Excludes loans that are fully charged-off and placed on non-accrual status during the same period. Bank of Hawai‘i Corporation and Subsidiaries Reserve for Credit Losses Table 12 Three Months Ended (dollars in thousands) March 31, 2026 December 31, 2025 March 31, 2025 Balance at Beginning of Period $ 148,403 $ 150,051 $ 150,649 Loans and Leases Charged-Off Commercial Commercial and Industrial (230 ) (1,331 ) (1,399 ) Consumer Residential Mortgage (15 ) — — Home Equity (6 ) (165 ) (75 ) Automobile (1,417 ) (1,654 ) (1,751 ) Other (2,394 ) (2,192 ) (2,484 ) Total Loans and Leases Charged-Off (4,062 ) (5,342 ) (5,709 ) Recoveries on Loans and Leases Previously Charged-Off Commercial Commercial Mortgage 1,617 — — Commercial and Industrial 53 92 77 Consumer Residential Mortgage 11 11 11 Home Equity 137 88 128 Automobile 579 517 633 Other 590 486 457 Total Recoveries on Loans and Leases 2,987 1,194 1,306 Net Charged-Off - Loans and Leases (1,075 ) (4,148 ) (4,403 ) Provision for Credit Losses: Loans and Leases 1,271 2,136 3,582 Unfunded Commitments 479 364 (332 ) Total Provision for Credit Losses 1,750 2,500 3,250 Balance at End of Period $ 149,078 $ 148,403 $ 149,496 Components Allowance for Credit Losses - Loans and Leases $ 146,962 $ 146,766 $ 147,707 Reserve for Unfunded Commitments 2,116 1,637 1,789 Total Reserve for Credit Losses $ 149,078 $ 148,403 $ 149,496 Average Loans and Leases Outstanding $ 14,083,875 $ 14,013,532 $ 14,062,173 Ratio of Net Loans and Leases Charged-Off to Average Loans and Leases Outstanding (annualized) 0.03 % 0.12 % 0.13 % Ratio of Allowance for Credit Losses to Loans and Leases Outstanding 1 1.04 % 1.04 % 1.05 % 1 The numerator comprises the Allowance for Credit Losses - Loans and Leases. Bank of Hawai‘i Corporation and Subsidiaries Selected Quarterly Financial Data Table 13 Three Months Ended (dollars in thousands, except per share amounts) March 31, 2026 December 31, 2025 September 30, 2025 June 30, 2025 March 31, 2025 Quarterly Operating Results Interest Income Interest and Fees on Loans and Leases $ 164,469 $ 168,234 $ 169,411 $ 166,779 $ 163,082 Income on Investment Securities Available-for-Sale 34,575 32,950 29,702 27,007 24,368 Held-to-Maturity 18,541 18,929 19,332 19,835 20,291 Cash and Cash Equivalents 3,329 5,936 8,195 3,817 5,460 Other 1,293 1,245 1,068 1,097 1,085 Total Interest Income 222,207 227,294 227,708 218,535 214,286 Interest Expense Deposits 64,886 75,477 84,590 82,476 81,692 Securities Sold Under Agreements to Repurchase 486 496 496 491 744 Other Debt 5,845 5,947 5,947 5,885 6,043 Total Interest Expense 71,217 81,920 91,033 88,852 88,479 Net Interest Income 150,990 145,374 136,675 129,683 125,807 Provision for Credit Losses 1,750 2,500 2,500 3,250 3,250 Net Interest Income After Provision for Credit Losses 149,240 142,874 134,175 126,433 122,557 Noninterest Income Trust and Asset Management 12,445 12,883 12,598 12,097 11,741 Fees, Exchange, and Other Service Charges 10,928 12,298 15,219 14,383 14,437 Service Charges on Deposit Accounts 8,440 8,694 8,510 8,119 8,259 Bank-Owned Life Insurance 4,147 3,758 3,681 3,714 3,611 Annuity and Insurance 1,469 1,124 1,095 1,437 1,555 Mortgage Banking 876 917 906 849 988 Investment Securities Losses, Net (1,272 ) (18,717 ) (1,945 ) (1,126 ) (1,607 ) Other 4,299 23,314 5,902 5,322 5,074 Total Noninterest Income 41,332 44,271 45,966 44,795 44,058 Noninterest Expense Salaries and Benefits 68,457 61,675 62,905 61,308 62,884 Net Occupancy 10,782 10,029 10,932 10,499 10,559 Net Equipment 10,611 10,047 10,285 9,977 10,192 Data Processing 5,581 5,659 5,603 5,456 5,267 Professional Fees 4,226 3,682 4,022 4,263 4,264 FDIC Insurance 2,719 2,378 3,508 3,640 1,642 Other 13,695 16,048 15,132 15,640 15,651 Total Noninterest Expense 116,071 109,518 112,387 110,783 110,459 Income Before Provision for Income Taxes 74,501 77,627 67,754 60,445 56,156 Provision for Income Taxes 17,069 16,692 14,409 12,808 12,171 Net Income $ 57,432 $ 60,935 $ 53,345 $ 47,637 $ 43,985 Preferred Stock Dividends 5,269 5,269 5,269 5,269 5,269 Net Income Available to Common Shareholders $ 52,163 $ 55,666 $ 48,076 $ 42,368 $ 38,716 Basic Earnings Per Common Share $ 1.32 $ 1.40 $ 1.21 $ 1.07 $ 0.98 Diluted Earnings Per Common Share $ 1.30 $ 1.39 $ 1.20 $ 1.06 $ 0.97 Balance Sheet Totals Loans and Leases $ 14,192,811 $ 14,082,050 $ 14,021,579 $ 14,002,178 $ 14,115,323 Total Assets 23,909,933 24,176,364 24,014,609 23,709,752 23,885,056 Total Deposits 20,957,930 21,188,495 21,080,669 20,798,914 21,008,217 Total Shareholders' Equity 1,854,563 1,851,212 1,791,183 1,743,107 1,704,935 Performance Ratios Return on Average Assets 0.97 % 1.01 % 0.88 % 0.81 % 0.75 % Return on Average Shareholders' Equity 12.47 13.33 12.10 11.21 10.65 Return on Average Common Equity 13.90 15.03 13.59 12.50 11.80 Efficiency Ratio 1 60.35 57.75 61.53 63.49 65.03 Net Interest Margin 2 2.74 2.61 2.46 2.39 2.32 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. Bank of Hawai‘i Corporation and Subsidiaries Hawaii Economic Trends Table 14 Year Ended (dollars in millions, jobs in thousands, 1-year percentage change) December 31, 2025 December 31, 2024 Hawaii Economic Trends General Excise and Use Tax Revenue 1 889.1 4.1 % 4,773.4 6.2 % 4,495.0 0.5 % Jobs 2 672.7 672.9 669.0 January 31, December 31, 2026 2025 2024 Unemployment, seasonally adjusted 2 Statewide 2.6 % 2.6 % 3.0 % Honolulu County 2.6 2.5 2.9 Hawaii County 2.9 3.1 3.5 Maui County 2.9 2.9 3.6 Kauai County 2.0 2.7 3.0 February 28, December 31, (1-year percentage change, except months of inventory) 2026 2025 2024 2023 Housing Trends (Single Family Oahu) 3 Median Home Price 0.9 % 3.5 % 4.8 % (5.0 )% Home Sales Volume (units) 2.2 % 3.5 % 9.1 % (26.3 )% Months of Inventory 2.8 2.6 2.9 2.8 (in thousands, except percentage change) Monthly Visitor Arrivals, Not Seasonally Adjusted Percentage Change from Previous Year Tourism 4 February 28, 2026 760.8 2.9 % January 31, 2026 858.7 11.1 December 31, 2025 850.3 (4.4 ) November 30, 2025 728.1 (3.7 ) October 31, 2025 727.2 (1.2 ) September 30, 2025 674.9 (2.2 ) August 31, 2025 806.8 (2.6 ) July 31, 2025 870.8 (4.6 ) June 30, 2025 855.7 (1.9 ) May 31, 2025 766.4 1.1 April 30, 2025 810.3 9.4 March 31, 2025 890.0 2.8 February 28, 2025 739.7 (1.7 ) January 31, 2025 773.1 3.7 December 31, 2024 889.6 5.0 November 30, 2024 755.8 4.8 October 31, 2024 736.1 5.1 September 30, 2024 690.2 6.5 August 31, 2024 828.3 8.1 July 31, 2024 912.8 (1.9 ) June 30, 2024 872.6 (1.5 ) May 31, 2024 757.8 (4.1 ) April 30, 2024 740.7 (8.1 ) March 31, 2024 865.8 (3.0 ) February 29, 2024 752.7 2.6 1 Source: Hawaii Department of Business, Economic Development & Tourism. Based on the latest complete available data for February 2026. 2 Source: U.S. Bureau of Labor Statistics. Based on the latest complete available data for January 2026. Prior period numbers most recently reported may differ from previously reported figures. 3 Source: Honolulu Board of Realtors. 4 Source: Hawaii Tourism Authority. Prior period numbers most recently reported may differ from previously reported figures. View source version on businesswire.com: https://www.businesswire.com/news/home/20260420410662/en/ Media Inquiries Melissa Torres-Laing Email: [email protected] Phone: 808-694-8384 Mobile: 808-859-1703 Investor/Analyst Inquiries Chang Park Email: [email protected] Phone: 808-694-8238 Patricia Lam Email: [email protected] Phone: 808-694-8575 Source: Bank of Hawai‘i Corporation