Bank of Hawaii Corp posted diluted earnings per share of $1.47 for the second quarter of 2026, up 13% from the prior quarter, with net income rising 11% to $63.8 million. Net interest margin expanded by 4 basis points to 2.78%, marking the ninth consecutive quarter of expansion, while net interest income increased by $2.6 million to $153.6 million. Total loans grew by $94 million, representing annualized growth of approximately 2.6%, and credit quality remained strong with nonperforming assets declining to 8 basis points and net charge-offs at 10 basis points annualized. The bank returned capital to shareholders through $28 million in common stock dividends and $17 million in share repurchases at an average price of approximately $78 per share. Management expects the net interest margin to reach approximately 2.90% by year-end, supported by a projected September rate hike and fixed asset repricing.
Bank of Hawaii CorporationBank of Hawaii reported 13% EPS growth, 11% net income rise, and ninth straight quarter of margin expansion, with strong capital returns via dividends and buybacks.