Bank of Hawaii Corporation

Overview (as of December 31, 2025)

• Legal status: Delaware corporation and bank holding company (BHC).
• Principal operating subsidiary: Bank of Hawai‘i, organized in 1897 and chartered by Hawaiʻi. Deposits insured by the FDIC; member of the Federal Reserve System.
• Primary business: Provides a broad range of financial products and services to customers primarily in Hawaiʻi, Guam, and other Pacific Islands.
• Management reporting segments: Consumer Banking, Commercial Banking, and Treasury and Other.

Operations and geography

• Major market focus: Hawaiʻi and the West Pacific (Guam and other Pacific Islands).
• Employees: 1,877 full-time equivalent employees as of December 31, 2025, with approximately 1,729 located in Hawaiʻi and the remainder in Guam, other Pacific Islands, and other U.S. states.
• Leadership change: Peter S. Ho to retire on March 31, 2026; James C. Polk named President and CEO effective April 1, 2026. Lead Independent Director Raymond P. Vara becomes Non-Executive Chairman of the Board on April 1, 2026.

Key financial and portfolio details (as of 12/31/2025)

• Loan portfolio composition:
  • Residential mortgage loans: $4.8 billion (33.9% of total loan and lease portfolio).
  • Commercial mortgage loans: $4.2 billion (29.9% of total loan and lease portfolio).
• Mortgage servicing and servicing rights:
  • Unpaid principal balance of residential mortgage loans sold and serviced: $1.8 billion.
  • Servicing portfolio (unpaid principal balance for loans serviced by the Bank): approximately $2.4 billion.
• FDIC insurance expenses and assessments:
  • Base FDIC insurance expense for 2025: $11.2 million (2024: $17.9 million; 2023: $28.3 million).
  • FDIC special assessment related to the 2023 Silicon Valley Bank / Signature / First Republic Bank failures:
    • Initial accrual in 2023: $14.7 million.
    • Subsequent adjustment in 2024: increased to $16.6 million.
    • As of 12/31/2025: Bank’s share of the special assessment approximately $11.8 million.
    • Payment schedule: eight quarterly installments beginning June 2024; the 2025 reduction decreased overall FDIC insurance expense by $4.8 million.
• Capital classification:
  • As of 12/31/2025, the Bank was classified as "well capitalized."
• Dividends and share repurchases:
  • 2025: Parent repurchased 76,547 shares of common stock for $5.0 million.
  • 2025: Parent paid cash dividends of $113.0 million on common stock.
  • January 2026: Board declared a quarterly cash dividend of $0.70 per share on common stock.
• Capital and funding considerations:
  • Parent’s liquidity and ability to pay dividends depend on dividends from the Bank and are subject to regulatory limits and other constraints.
  • The Volcker Rule and other regulatory frameworks affect certain activities and costs; these regulatory considerations are discussed in the company's risk disclosures.

What the company does

• Provides a full suite of banking and financial services through Bank of Hawai‘i, serving customers in Hawaiʻi, Guam, and Pacific Islands.
• Operates in three reporting segments: Consumer Banking, Commercial Banking, and Treasury and Other.
• Engages in residential and commercial real estate lending, mortgage servicing, and fee-based investment services.
• Manages funding, liquidity, capital, and regulatory compliance under federal and state regimes, including FDIC insurance arrangements and capital adequacy standards.
• Maintains a significant branch and workforce presence in Hawaiʻi, with additional operations in Guam and other Pacific regions.