Bank of Hawaii Corporation · NYSE:BOH
Bank of Hawaii — Q3 2026 Earnings Presentation
40 slides from Bank of Hawaii's earnings presentation, Oct 26, 2026
Slide 1: Third quarter 2026 financial report
Bank of Hawai‘i Corporation third quarter 2026 financial report October 26, 2026
Slide 2: Disclosure: forward-looking statements
disclosure 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, an
Slide 3: Third quarter 2026 highlights
third quarter 2026 highlights • $1.49 diluted earnings per common share • $64.3 million net income • $42.7 million noninterest income earnings highlights • 2.82% net interest margin, expanded for the tenth consecutive quarter • 1.27% cost of deposits • 15.38% return on average common equity strong c
Slide 4: Leader in a unique deposit market
leader in a unique deposit market the leader in a unique deposit market with five local competitors holding 95% of the bank deposit market, with consistent long-term growth other 8.0% 4.8% BOH TBNK 34.3% BOH 3.6% 6.0% 6.7% CPF 11.7% change in market share since 2006 4.0% FHB ASB 31.2% 14.4% 2.0% FHB
Slide 5: Cost of funds: interest-bearing deposits
cost of funds interest-bearing deposits 3.05% 2.99% 2.91% 2.84% 2.73% 2.66% 2.63% 2.64% 2.52% 2.44% 2.46% 2.46% 2.39% 2.37% 2.30% 2.33% 2.33% 2.16% 2.16% 2.14% 2.11% 1.95% 1.94% 1.72% 1.73% 1.72% 1.53%1.54% 1.09% 0.93% 0.69% 0.47% 0.30% 0.20% 0.13% 0.07% 0.11% 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23
Slide 6: Cost of funds: total deposits
cost of funds total deposits 2.33% 2.27% 2.21% 2.17% 2.09% 2.04% 1.99% 1.97% 1.84% 1.87% 1.87% 1.81% 1.78% 1.77% 1.78% 1.74% 1.67% 1.60% 1.60% 1.59% 1.49% 1.43% 1.40% 1.26% 1.27% 1.27% 1.07%1.08% 0.75% 0.64% 0.46% 0.31% 0.20% 0.12% 0.08% 0.05% 0.07% 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24
Slide 7: Loan growth
loan growth $ in billions commercial loans consumer loans total loans +3.7% YoY +1.6% YoY +2.5% YoY $6.3 $8.1 $14.4 $8.0 $14.3 $6.2 $8.0 $14.2 $6.2 $8.0 $14.1 $14.0 $7.9 $6.1 $6.1 9/30/25 12/31/25 3/31/26 6/30/26 9/30/26 9/30/25 12/31/25 3/31/26 6/30/26 9/30/26 9/30/25 12/31/25 3/31/26 6/30/26 9/30/
Slide 8: Wealth update
wealth update $ in millions wealth initiative driving growth in trust & asset management and annuity & insurance fees +13.5% +11.5% YoY YoY $15.5 $45.2 $40.5 $5.6 $13.7 $2.1 $39.4 $13.4 $4.1 $1.1 $4.1 $1.5 $13.4 $39.6 $12.6 $35.3 $36.4 $11.9 3Q24 3Q25 3Q26 9M'24 9M'25 9M'26 trust & asset management
Slide 9: Credit performance
4h Bank of Hawai'i Corporation | credit performance
Slide 10: Lending philosophy
lending philosophy we lend in our core markets to long-standing relationships Hawaiʻi 91% U.S. West mainland Pacific 4% 5% note: as of September 30, 2026 10
Slide 11: Consumer portfolio
consumer portfolio 56% of total loans wtd % total % total avg home equity asset type consumer loans WALTV FICO $2.1 residential mortgage 60% 34% 50% 803 $8.1B home equity 26% 15% 46% 788 residential consumer mortgage real estate secured 86% n/a 49% 798 $4.9 automobile automobile 8% 5% n/a 730 $0.7 o
Slide 12: Commercial portfolio
commercial portfolio 44% of total loans CRE $4.5 % total % total asset type comml loans WALTV residential commercial real estate 71% 31% 55% mortgage $6.3B construction 2% 1% 57% commercial real estate secured 73% n/a 55% commercial & industrial 26% 11% n/a leasing 1% 1% n/a C&I home $1.7 total comm
Slide 13: Stable real estate market
stable real estate market Oahu market vacancies and inventory vacancy inventory (sq ft) 2Q26 2Q25 10 yr avg 10 yr CAGR industrial 1.43% 1.47% 1.60% 0.63% office 11.30% 13.20% 12.43% -0.94% retail 7.06% 5.33% 6.13% 0.29% multi-family 3.68% 3.77% 4.68% 0.45% note: 10-year average and 10-yr CAGR for in
Slide 14: Commercial real estate (CRE)
commercial real estate (CRE) 31% of total loans or $4.5 billion avg. retail exposure 5.3% asset type WALTV ($MMs) multi-family 58% 4.2 lodging industrial 4.3% residential 5.9% industrial mortgage 55% 2.8 retail 55% 4.4 office 2.2% lodging 53% 14.8 office 56% 1.6 other 4.2% multi-family other 52% 4.4
Slide 15: CRE scheduled maturities
CRE scheduled maturities modest near-term maturities 2,500 50.2% 2,000 1,500 $ millions 1,000 13.8% 13.9% 500 10.0% 7.3% 4.9% 0 2026 2027 2028 2029 2030 2031+ 15
Slide 16: CRE loan balances by LTV
CRE loan balances by LTV LTV > 80% - $101 million, 2.3% of CRE 3,000 62.5% 2,500 2,000 $ millions 1,500 24.4% 1,000 10.8% 500 1.8% 0.4% 0.1% 0 ≤ 60% > 60% to 70% > 70% to 80% > 80% to 85% > 85% to 90% > 90% 16
Slide 17: Commercial & industrial
commercial & industrial 11% of total loans or $1.7 billion avg. exposure industry % leveraged ($MMs) auto dealers real estate 0.9% AOAO 0% 1.9 investors renewable 1.3% energy lodging 0.7% 0.7% RE investors 0% 1.1 auto dealers residential 17% 4.6 mortgage lodging 27% 5.9 transportation 0.7% AOAO educ
Slide 18: Credit quality
credit quality net charge-offs non-performing assets 0.4 0% 0.30% 0.3 5% 0.3 0% 0.2 5% $0 0.2 0% $0 0.12% 0.12% 0.10% 0.10% 0.1 5% 0.09% 0.09% 0.08% $0 0.07% 0.1 0% $0 0.03% 0.0 5% $0 0.0 0% $0 3Q25 4Q25 1Q26 2Q26 3Q26 3Q25 4Q25 1Q26 2Q26 3Q26 $0 NCOs/average loans NPAs/period-end loans plus OREO $0
Slide 19: Financial update
4h Bank of Hawai'i Corporation | financial update
Slide 20: NII and NIM trends
NII and NIM trends $ in millions tenth consecutive quarter of NII and NIM expansion $156 $151 $154 $145 $142 $141 2.82% $136 $137 $133 $130 2.78% $125 $124 $121 $126 2.74% $120 2.60% 2.60% $116 $114 $115 $118 2.61% 2.47% 2.47% 2.46% 2.39% 2.34% 2.32% 2.22% 2.18% 2.19% 2.15% 2.13% 2.13% 2.11% 1Q22 2Q
Slide 21: Cashflow repricing
cashflow repricing $ in millions total quarterly impact to NII from cashflows repricing: +$2.9 million maturities/prepayments maturities/prepayments reinvestment opportunities $600 $568 8.0% 7.0% 6.6% $500 6.1% 5.9% 6.0% 5.5% $400 5.0% 5.0% 4.7% 4.1% $300 $274 4.0% 3.0% 2.8% 2.7% $197 $200 1.9% 2.0%
Slide 22: Deposit mix shift and repricing
deposit mix shift and repricing $ in millions quarterly NII impact from deposit mix shift and repricing in 3Q26: $(1.4) million QoQ change in average NIBD and low yield interest-bearing deposit balances 1Q23 vs 2Q23 vs 3Q23 vs 4Q23 vs 1Q24 vs 2Q24 vs 3Q24 vs 4Q24 vs 1Q25 vs 2Q25 vs 3Q25 vs 4Q25 vs 1
Slide 23: NII impact from 25 bps Fed Funds hike
NII impact from 25 bps Fed Funds hike immediate NII accretion with modest headwinds developing over time rate sensitive earning assets balances rate sensitive deposit balances $6.6B $10.3B $7.0 $6.3 $4.0 $6.0 $3.6 $5.0 $3.0 $ in billions $4.0 $ in billions $2.0 $3.0 $1.6 $2.6 $1.3 $2.0 $1.4 $1.0 $1.
Slide 24: Optimizing balance sheet
optimizing balance sheet earning asset composition 1% 2% 100% 1% 0% 0% 5% 3% 3% 3% 2% 3% 2% 3% 3% 1% 4% 5% 6% 7% 1% 9% 9% 9% 10% 6% 7% 13% 13% 14% 12% 27% 80% 27% 28% 35% 35% 34% 33% 35% 32% 33% 33% 29% 29% 29% 30% 60% 40% 72% 67% 61% 59% 55% 57% 56% 55% 57% 57% 58% 57% 55% 54% 53% 20% 0% 3/31/23 6/
Slide 25: Noninterest income & expense
noninterest income & expense $ in millions reported noninterest income reported noninterest expense $50.0 $120.0 $46.0 $112.4 $111.2 $112.3 $45.0 $43.3 $42.7 $100.0 $40.0 $35.0 $80.0 $30.0 $25.0 $60.0 $20.0 $40.0 $15.0 $10.0 $20.0 $5.0 $0.0 $0.0 3Q25 2Q26 3Q26 3Q25 2Q26 3Q26 note: 3Q25 included appr
Slide 26: Financial summary
financial summary $ in millions, except per share amounts 3Q 2026 2Q 2026 3Q 2025 ∆ 2Q 2026 ∆ 3Q 2025 net interest income $ 156.1 $ 153.6 $ 136.7 $ 2.4 $ 19.4 noninterest income 42.7 43.3 46.0 (0.6) (3.3) total revenue 198.8 196.9 182.6 1.9 16.1 noninterest expense 112.3 111.2 112.4 1.1 (0.1) operat
Slide 27: Capital
capital strong capital 15.54% 15.48%15.43% 76.6%1 14.49%14.45%14.41% 13.6% 12.14%12.12% 12.10% 5.54% 5.48% 5.43% 60.6% 61.2% 6.49% 6.45% 6.41% 5.64% 5.62% 5.60% 8.57% 8.70% 8.79% 3.57% 3.70% 3.79% 10.00% 10.00% 10.00% 8.00% 8.00% 8.00% 6.50% 6.50% 6.50% 5.00% 5.00% 5.00% 4Q25 2Q26 3Q26 4Q25 2Q26 3Q2
Slide 28: Takeaways
takeaways ✔ NII and NIM increased for the tenth consecutive quarter ✔ dominant market position in a unique market ✔ exceptional credit quality ✔ strong liquidity and risk-based capital 28
Slide 29: Q&A
4h Bank of Hawai'i Corporation | Q&A
Slide 30: Appendix
4h Bank of Hawai'i Corporation | appendix
Slide 31: Readily available liquidity
readily available liquidity Bank of Hawai‘i carries substantial liquidity lines and equivalents for both day-to-day operational and liquidity backstop purposes $10.2B cash securities available FHLB $7.5B uninsured/ FRB uncollateralized deposits note: as of September 30, 2026, cash includes fed funds
Slide 32: Insured/collateralized deposits
insured/collateralized deposits uninsured/ uncollateralized 37% insured 54% uninsured/ collateralized 10% note: as of September 30, 2026; numbers may not add up due to rounding 32
Slide 33: CRE supply constraints
CRE supply constraints Oahu market inventory 45 industrial 10-yr CAGR: 0.6% office 10-yr CAGR: -0.9% 15 40 35 square feet (millions) square feet (millions) 30 10 25 20 15 5 10 5 0 0 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2Q26 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2Q2
Slide 34: CRE office
CRE office 2% of total loans scheduled maturity 300 LTV distribution 250 200 $ millions LTV > 60% to 150 44.1% 70% 31% 100 14.8% 16.8% 50 8.5% 10.9% 4.8% - $318MM 2026 2027 2028 2029 2030 2031+ LTV > 70% highlights LTV ≤ 60% to 80% 56% 13% • 56% wtd avg LTV • $1.6MM average exposure • 19% CBD (downt
Slide 35: CRE multi-family
CRE multi-family 9% of total loans scheduled maturity 1,200 LTV distribution 70.1% 900 $ millions LTV > 60% to 70% 600 30% 300 12.9% 6.4% 8.2% 0.5% 2.0% LTV > 70% to - $1.3B 80% 2026 2027 2028 2029 2030 2031+ 12% highlights LTV ≤ 60% 53% • 58% wtd avg LTV LTV > 80% • $4.2MM average exposure 5% • 100
Slide 36: Stable real estate prices
stable real estate prices Oahu market indicators – YTD 2026 as of Sep 2026 single family homes condominiums YTD-26 YTD-25 Δ YTD-25 YTD-26 YTD-25 Δ YTD-25 3.1% 2.0% median sales $1,180 $1,145 $515 $505 price (000s) 5.9% closed sales 2,243 2,118 3,209 3,289 -2.4% median days 16 23 42 44 on market 7 da
Slide 37: Unemployment experience & forecast
unemployment experience & forecast 4.1% 2.8% 2.5% 2.5% 2Q21 1Q25 1Q20 2Q20 3Q20 4Q20 1Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 4Q26 1Q27 Hawai‘i unemployment Hawai‘i unemployment forecast national unemployment source for Hawai‘i unemploy
Slide 38: Visitor arrivals
visitor arrivals units in persons 700,000 650,000 600,000 550,000 500,000 450,000 400,000 350,000 300,000 250,000 200,000 150,000 100,000 50,000 - Aug-19 Aug-20 Aug-21 Aug-22 Aug-23 Aug-24 Aug-25 Aug-26 US visitor Japan other source: Hawaii Department of Business, Economic Development, and Tourism (
Slide 39: Visitor spend
visitor spend $ in millions $2,500 $2,250 $2,000 $1,750 $1,500 $1,250 $1,000 $750 $500 $250 $0 source: Hawaii Department of Business, Economic Development, and Tourism (DBEDT) 39
Slide 40: Revenue per available room
revenue per available room revenue per available room (RevPAR) $360 $330 $300 $270 $240 $210 $180 $150 $120 $90 $60 $30 $0 source: Hawaii Department of Business, Economic Development, and Tourism (DBEDT) 40