Bank of Hawaii Corporation (BOH) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Star 11 again. Please be advised that today's conference is being recorded. I'd like to hand the conference over to your first speaker today, Chang Park. Please go ahead. Good morning and good afternoon. Thank you for joining us today for our fourth quarter 2025 earnings call. Joining me today is our Chairman and CEO, Peter Ho, President and Chief Banking Officer, Jim Polk, CFO, Brad Sattenberg, and Chief Risk Officer, Brad Harrison. Before we get started, I want to remind you that today's conference call will contain some forward-looking statements. And while we believe our assumptions are reasonable, the actual results may differ materially from those projected. During the call today, we'll be referencing our slide presentation as well as our earnings release. Both of these are available on our website, boh.com, under the investor relations link. And now I would like to turn the call over to Peter. Thanks, Chang. Good morning or good afternoon, everyone. Thank you for your continued interest in Bank of Hawaii. We recorded yet another set of strong results in the fourth quarter. Fully diluted earnings per share was $1.39 per share, 63% higher than results from a year ago, and 16% higher than last quarter. Net interest margin improved from the seventh straight quarter up 15 basis points to 2.61%. Return on common equity improved to 15%. Loans and deposits both grew modestly in the quarter. Importantly, non-interest-bearing demand deposits grew 6.6% on a linked basis. Credit quality remained and remains pristine. I'll now touch on some operating highlights. Brad Sherrison will briefly update you on credit quality, and Brad Sattenberg will dive a little deeper into the financials. As you know, Bank of Hawaii has a unique business model that creates superior risk-adjust...