Every material Form 8-K Bank of Hawaii has filed with the SEC since October 28, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Bank of Hawai‘i reported third-quarter 2026 diluted earnings per common share of $1.49 and net income of $64.3 million, both up from the linked quarter and from $1.20 a year earlier. Net interest margin rose to 2.82%, but non-performing assets increased to $43.4 million, and the board raised the share repurchase authorization by $200 million to $268.7 million.
Diluted EPS $1.49 versus $1.47 in the linked quarter and $1.20 in the third quarter of 2025
Net income $64.3 million, up 0.7% from the linked quarter; net interest margin 2.82%, up 4 basis points
Non-performing assets $43.4 million at September 30, 2026, up $31.9 million from June 30, 2026, mainly one commercial mortgage placed on non-accrual
Share repurchase authorization increased by $200 million to $268.7 million; quarterly dividend of $0.70 per share declared
Bank of Hawai‘i reported second quarter 2026 diluted earnings per share of $1.47, up from $1.30 in the prior quarter, and net income of $63.8 million, up 11.1% from the prior quarter. Net interest margin rose to 2.78%, its ninth consecutive quarterly expansion, while average total deposits were modestly lower. For shareholders, the company also repurchased $17.0 million of common stock and declared a $0.70 per share quarterly dividend.
Diluted EPS of $1.47 versus $1.30 in the linked quarter and $1.06 a year earlier
Net income of $63.8 million, up 11.1% from the linked quarter
Net interest margin of 2.78%, up 4 basis points from the linked quarter
Repurchased $17.0 million of common stock; $0.70 dividend payable September 15, 2026
Bank of Hawaii Corporation reported first-quarter 2026 diluted earnings of $1.30 per share and net income of $57.4 million, down from $1.39 and $60.9 million in the fourth quarter of 2025 but up from $0.97 a year earlier. Net interest income rose 3.9% and net interest margin improved to 2.74%, while noninterest expense increased 6.0%, so the sequential earnings decline reflects higher expenses and lower noninterest income.
Diluted EPS of $1.30 versus $1.39 in the linked quarter and $0.97 in the first quarter of 2025
Net income of $57.4 million, down 5.7% from the linked quarter
Net interest margin rose 13 basis points to 2.74%; net interest income was $151.0 million
Quarterly dividend of $0.70 per common share payable June 12, 2026; $15.1 million of share repurchases in the quarter
On February 19, 2026, Bank of Hawaii's Human Resources and Compensation Committee approved 2025 performance-based bonus awards and 2026 base salaries for its named executive officers, and granted restricted stock units to four of them. CEO Peter S. Ho's 2026 base salary is $925,000 and his 2025 bonus award is $2,312,500. The filing shows pay decisions tied to pre-set performance measures, which shows how executive pay relates to company results.
CEO Peter S. Ho: 2025 EIP award of $2,312,500 and 2026 base salary of $925,000
CFO Bradley S. Satenberg: 2025 EIP award of $425,000, 2026 base salary of $500,000, and 6,330 RSUs
Former CFO Dean Y. Shigemura listed with no 2025 EIP award and a 2026 base salary of $500,000
Committee approvals dated February 19, 2026; filing signed February 23, 2026
Bank of Hawaii Chairman and CEO Peter S. Ho will retire on March 31, 2026, after a 33-year career with the company. President and Chief Banking Officer James C. Polk will become President and CEO on April 1, 2026, and join the Board, while Raymond P. Vara, Jr. becomes Non-Executive Chairman on the same date. The filing describes a planned succession, though it reports no financial results.
Peter S. Ho retires as CEO and from the Board effective March 31, 2026; he will serve as a consultant through the end of 2027
James C. Polk becomes President and CEO effective April 1, 2026, with an annual base salary of $825,000
Raymond P. Vara, Jr., Lead Independent Director, becomes Non-Executive Chairman effective April 1, 2026
Bank of Hawai‘i Corporation reported fourth-quarter 2025 net income of $60.9 million and diluted earnings per share of $1.39, compared with $0.85 a year earlier and $1.20 in the prior quarter. Net interest margin rose to 2.61%, and the company resumed share repurchases, which matter to shareholders because they show higher earnings and capital returns.
Q4 2025 diluted EPS $1.39, versus $0.85 in Q4 2024 and $1.20 in Q3 2025
Full-year 2025 net income $205.9 million, up 37.3%; diluted EPS $4.63 versus $3.46
Net interest margin 2.61%, up 15 basis points from the prior quarter
Fourth-quarter noninterest income included a $16.8 million loss on sale of investments; quarterly dividend $0.70 per share payable March 13, 2026
Bank of Hawai‘i Corporation reported third-quarter 2025 diluted earnings per share of $1.20 and net income of $53.3 million, up 32.2% from the same quarter a year earlier. Net interest income rose 16.2% year over year to $136.7 million, and the company declared a $0.70 per share quarterly dividend, unchanged from the prior year. No shares were repurchased in the quarter, leaving $126.0 million of buyback authority.
Diluted EPS of $1.20, compared with $1.06 in the linked quarter and $0.93 a year earlier
Net income of $53.3 million, up 12.0% from the linked quarter and 32.2% from a year earlier
Net interest income of $136.7 million, up 16.2% year over year; net interest margin of 2.46%
Quarterly dividend of $0.70 per share, payable December 12, 2025 to holders of record on November 28, 2025
Bank of Hawai‘i reported second quarter 2025 diluted earnings of $1.06 per share and net income of $47.6 million, both higher than the prior quarter and the same quarter last year. Net interest margin rose to 2.39%, and the board declared an unchanged $0.70 quarterly dividend. No shares were repurchased in the quarter, and remaining buyback authority was $126.0 million at June 30, 2025.
Diluted EPS of $1.06 vs. $0.97 in the linked quarter and $0.81 a year earlier; net income of $47.6 million, up 8.3% from the linked quarter and 39.8% from a year earlier
Net interest margin of 2.39%, up 7 basis points from the linked quarter and 24 basis points from a year earlier
Noninterest expense of $110.8 million, up 0.3% from the linked quarter; provision for credit losses of $3.3 million
Quarterly dividend of $0.70 per share, payable September 15, 2025 to holders of record on August 29, 2025; no shares repurchased in Q2
Bank of Hawaii said its board promoted Bradley S. Satenberg to Vice Chair and appointed him Chief Financial Officer effective July 1, 2025, as a planned transition. He succeeds Dean Y. Shigemura, who had served as CFO since 2017 and with the company for 26 years. The filing describes the change as long planned and previously announced, so it signals continuity in finance leadership rather than a change in direction.
Bradley S. Satenberg, 54, appointed CFO and promoted to Vice Chair, effective July 1, 2025
Succeeds Dean Y. Shigemura, CFO since 2017 and with the company for 26 years
Satenberg joined the company in July 2024 as Senior Executive Vice President and Deputy CFO, from Luther Burbank Corporation
Annual base salary of $460,000; he continues in incentive and benefit plans consistent with other senior executives
At its April 25, 2025 annual meeting, Bank of Hawaii shareholders approved the 2025 Director Stock Compensation Plan, which lets non-employee directors receive stock options, restricted stock, and restricted stock units. Shareholders also re-elected all 12 director nominees, backed executive pay in an advisory vote, and ratified Ernst & Young LLP as auditor for 2025. The filing reports routine annual meeting outcomes and no change in results or guidance.
Shareholders approved the 2025 Director Stock Compensation Plan at the April 25, 2025 annual meeting.
Ernst & Young LLP was ratified as independent auditor for the fiscal year ending December 31, 2025, with 31,299,938 votes for and 778,001 against.
Raymond P. Vara, Jr. received the most votes against among the 12 director nominees, at 809,767.
The advisory vote on executive compensation drew 26,128,990 votes for and 904,132 against.
Bank of Hawaii Corporation reported first-quarter 2025 diluted earnings per common share of $0.97, compared with $0.87 a year earlier and $0.85 in the prior quarter. Net income rose 20.9% from a year earlier to $44.0 million, driven by higher net interest income and a net interest margin of 2.32%. The company also declared a $0.70 quarterly dividend per common share.
Diluted EPS $0.97 versus $0.87 a year earlier and $0.85 in the linked quarter
Net income $44.0 million, up 20.9% from a year earlier and 12.3% from the linked quarter
Net interest income $125.8 million, up 10.4% from a year earlier; net interest margin 2.32% versus 2.11%
Quarterly dividend $0.70 per common share, payable June 13, 2025 to holders of record on May 30, 2025; no shares repurchased in the quarter
Bank of Hawaii said Vice Chair and CFO Dean Y. Shigemura will step down as CFO effective June 30, 2025, and move to a one-year internal consultant role starting July 1, 2025. Senior Executive Vice President and Deputy CFO Bradley S. Satenberg will assume the CFO duties when Shigemura exits his current role, a leadership transition that shareholders may watch closely.
Dean Y. Shigemura, 61, steps down as CFO effective June 30, 2025, after 26 years with the company
Shigemura becomes internal consultant for one year from July 1, 2025, at an annual salary of $500,000
Bradley S. Satenberg, 54, Senior Executive Vice President and Deputy CFO, will take over CFO duties; he joined in July 2024 from Luther Burbank Corporation
On February 27, 2025, the Human Resources and Compensation Committee approved 2024 performance-based incentive awards and 2025 base salaries for five named executive officers and granted performance-based restricted stock units to three of them. The filing says performance awards pay out only when pre-set results are achieved, so the changes are tied to the criteria the committee set for 2024.
Chairman and CEO Peter S. Ho: 2024 EIP award of $1,500,000 and 2025 base salary of $925,000
Ho received 33,581 performance-based RSUs; Shairson and McGuirk each received 6,087 RSUs
Vice Chairman and CFO Dean Y. Shigemura: 2024 EIP award of $360,000 and 2025 base salary of $448,050
Filing dated March 4, 2025; RSU grant agreement filed as Exhibit 10.1
Bank of Hawaii's Human Resources and Compensation Committee awarded service-based restricted stock units on January 24, 2025 to two designated named executive officers, Marco A. Abbruzzese and S. Bradley Shairson, with 7,032 units each. The grants are routine compensation under the company's 2024 Stock and Incentive Plan and do not involve a change in officer roles.
Grant date: January 24, 2025, awarded by the Human Resources and Compensation Committee
Marco A. Abbruzzese, Vice Chair, Wealth Management: 7,032 RSUs
S. Bradley Shairson, Vice Chair and Chief Risk Officer: 7,032 RSUs
Grants made under the 2024 Stock and Incentive Plan; form of grant agreement filed as Exhibit 10.1
Bank of Hawai‘i reported fourth-quarter 2024 diluted EPS of $0.85 and net income of $39.2 million, down 3.0% from the prior quarter but up 28.8% from a year earlier. For the full year, diluted EPS fell to $3.46 from $4.14 and net income fell 12.4% to $150.0 million, and the board declared a $0.70 quarterly dividend.
Q4 2024 diluted EPS $0.85, versus $0.93 in Q3 2024 and $0.72 in Q4 2023
Full-year 2024 diluted EPS $3.46 versus $4.14 in 2023; net income $150.0 million, down 12.4%
Quarterly dividend of $0.70 per share, payable March 14, 2025, to holders of record on February 28, 2025
No shares repurchased in Q4 2024; $126.0 million of buyback authority remained at December 31, 2024
Bank of Hawai‘i Corporation reported third-quarter 2024 diluted earnings per share of $0.93 and net income of $40.4 million. Both rose from the prior quarter but fell from the same period in 2023, when diluted EPS was $1.17. The company also declared a $0.70 per share quarterly dividend, unchanged from a year earlier.
Net income $40.4 million, up 18.4% from the second quarter and down 15.8% from the third quarter of 2023
Net interest income $117.6 million, up 2.4% from the second quarter and down 2.7% from a year earlier
Quarterly dividend of $0.70 per share, payable December 13, 2024 to holders of record on November 29, 2024
No shares repurchased in the third quarter; $126.0 million of buyback authority remained at September 30, 2024
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