Bank of Hawaii Corporation (BOH) on Monday reported a rise in net profit for the third quarter, supported by improved net interest income.
For the three-month period to September 30, the company posted a net income of $48.076 million, or $1.20 per share, higher than $36.922 million, or $0.93 per share, in the same period last year. Pre-provision net revenue was $70.254 million, up from the previous year's $55.636 million.
Net interest income moved up to $136.675 million from $117.618 million a year ago, primarily due to lower interest-bearing deposit rates and higher earning assets due to deposit growth.
Total noninterest income was $45.966 million, compared with $45.110 million last year. Average deposits stood at $21.068 billion as against the prior year's $20.484 billion. Average loans and leases moved up to $13.982 billion from $13.809 billion a year ago.
The Board will pay a quarterly cash dividend of $0.70 per share on December 12 to shareholders of record as of November 28.
BOH was up by 2.64% at $65.59 in the pre-market trade on the New York Stock Exchange.
For comments and feedback contact: editorial@rttnews.com
Business News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.