Bank of Hawai‘i Corporation has reported its first quarter 2025 financial results, showing a diluted earnings per common share of $0.97, representing an increase from the linked quarter and the same period last year, which stood at $0.85 and $0.87 respectively. Net income for the first quarter of 2025 was $44.0 million, up 12.3% from the previous quarter and 20.9% from the same period last year.
The net interest income for the first quarter of 2025 was $125.8 million, representing an increase of 4.7% from the linked quarter and a 10.4% increase compared to the same period last year. The net interest margin was 2.32%, up 13 basis points from the linked quarter and 21 basis points from the same period last year.
The average yield on loans and leases was 4.72% in the first quarter of 2025, down 1 basis point from the linked quarter and up 9 basis points from the same period last year. The average yield on total earning assets was 3.95%, down 2 basis points from the linked quarter and up 6 basis points from the same period last year.
Noninterest income was $44.1 million in the first quarter of 2025, an increase of 2.3% from the linked quarter and 4.2% from the same period in 2024.
Total assets were $23.9 billion at March 31, 2025, representing an increase of 1.2% from December 31, 2024, and 2.0% from March 31, 2024. Total loans and leases were $14.1 billion at March 31, 2025, an increase of 0.3% from December 31, 2024, and 1.9% from March 31, 2024.
The tier 1 capital ratio was 13.93% at March 31, 2025, compared with 13.95% at December 31, 2024, and 12.74% at March 31, 2024. The company’s board of directors declared a quarterly cash dividend of $0.70 per share on the company’s outstanding common shares.
The market has reacted to these announcements by moving the company's shares 0.2% to a price of $65.15. If you want to know more, read the company's complete 8-K report here.
