Bank Of Hawaii Corporation · NYSE:BOH
Bank Of Hawaii — Q3 2022 Earnings Presentation
23 slides from Bank Of Hawaii's earnings presentation, Oct 24, 2022
Slide 1: Bank of Hawai‘i Corporation third quarter 2022 financial report
Bank of Hawai‘i Corporation third quarter 2022 financial report October 24, 2022 Exhibit 99.2
Slide 2: Forward-looking statements
this presentation, and other statements made by the Company in connection with it, may contain forward-looking statements concerning, among other things, forecasts of our financial results and condition, expectations for our operations and business prospects, and our assumptions used in those foreca
Slide 3: Unemployment experience & forecast
unemployment experience & forecast source: University of Hawaii Economic Research Organization (UHERO), seasonally adjusted August and September 2022 unemployment rate from Hawaii Department of Business, Economic Development, and Tourism (DBEDT) Hawaii unemployment rate 3
Slide 4: Visitor arrivals monthly by market
4 visitor arrivals monthly by market, indexed to January 2017 Aug-22 source: Hawaii Department of Business, Economic Development, and Tourism (DBEDT)
Slide 5: Revenue per available room (RevPAR)
revenue per available room revenue per available room (RevPAR) 5 source: Hawaii Department of Business, Economic Development, and Tourism (DBEDT) Aug-22
Slide 6: Continued strength in Oahu real estate
strong real estate market Oahu market indicators – Sep 2022 6 continued strength in Oahu real estate source: Honolulu Board of Realtors, compiled from MLS data
Slide 7: 3Q financial update
4M Bank of Hawai'i Corporation 3Q financial update
Slide 8: Balanced core loan growth
balanced core loan growth $ in millions 8 annual growth rate commercial consumer $13,322 note: numbers may not add up due to rounding, CAGR, annual growth rate, and q-o-q core loan growth exclude PPP market share includes four banks: Bank of Hawai‘i, First Hawaiian Bank, American Savings Bank (ASB),
Slide 9: Low cost, long duration deposits
low cost, long duration deposits $ in billions 9 2016 – 2022 YTD CAGR: 6.8% source: S&P Capital IQ, S&P Regional Banking Index excluding banks greater than $50bn as of 1/4/22 3Q22
Slide 10: Sustainable NII growth
sustainable NII growth $ in millions 10 note: core NII and NIM excludes PPP and significant items; numbers may not add up due to rounding $5.5
Slide 11: Asset sensitive
11 asset sensitive note: numbers may not add up due to rounding
Slide 12: Disciplined expenses
disciplined expenses $ in millions 12 modest decrease in core expenses and steady investment in innovation note: numbers may not add up due to rounding
Slide 13: Financial summary
financial summary $ in millions, except per share amounts 13 note: numbers may not add up due to rounding
Slide 14: Ample liquidity
ample liquidity loan to deposit ratio compared with peers strong liquidity to fund continued growth 14 note: S&P Regional Banking Index excluding banks greater than $50bn as of 1/4/22, weighted average peers by total assets as of 2Q22 local peer bank average contains BOH, FHB, CPB, ASB, and TBNK; da
Slide 15: Strong risk-based capital
15 strong risk-based capital fortress capital position note: 3Q22 regulatory capital ratios are preliminary; KBW Regional Banking Index (KRX) as of 1/4/22
Slide 16: 3Q credit update
4M Bank of Hawai'i Corporation 3Q credit update
Slide 17: Loan portfolio excluding PPP
loan portfolio excluding PPP 17 40% commercial 73% real estate secured wtd avg LTV 57% 57% w/ BOH ≥ 10 yrs avg balance $0.7MM CRE C&I residential mortgage home equity auto leasing other consumer construction 60% consumer 84% real estate secured wtd avg LTV 55% 58% w/ BOH ≥ 10 yrs 80% of portfolio se
Slide 18: Credit quality
credit quality 18 * 81% of total criticized in CRE with 61% wtd avg LTV
Slide 19: Production quality: commercial and consumer
production quality 19 commercial consumer
Slide 20: Reserve trend
reserve trend 20 $ in millions allowance for credit losses note: balances and coverage ratio based on allowance for credit losses – loans and leases
Slide 21: Other highlights
4M Bank of Hawai'i Corporation other highlights
Slide 22: Hawai‘i’s Best Bank
Hawai‘i’s Best Bank 22 12 consecutive years
Slide 23: Q&A
4M Bank of Hawai'i Corporation Q&A