BANK OF HAWAII CORP financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data BANK OF HAWAII CORP files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue							113	116	122	122
Interest expense	40.3	46.6	63.8	89.7	50.1	29.4	56.8	313
Pre-tax income	260	268	270	286	189	326	291	227	198	262
Income tax	78.1	83.4	50.6	59.9	35.3	72.2	64.8	55.9	47.9	56.1
Net income	181	185	220	226	154	253	226	171	150	206
EPS, basic	4.26	4.37	5.26	5.59	3.87	6.29	5.50	4.16	3.48	4.67
EPS, diluted	4.23	4.33	5.23	5.56	3.86	6.25	5.48	4.14	3.46	4.63
Shares, basic (weighted)	42.6	42.3	41.7	40.4	39.7	39.8	39.6	39.3	39.5	39.6
Shares, diluted (weighted)	42.9	42.6	42	40.6	39.9	40.1	39.8	39.4	39.7	39.9
Dividend per share	1.89	2.04	2.34	2.59	2.80	2.74	2.80	2.80	2.80	2.80

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	880	448	526	559	614	560	402	1,001	764	947
Property, plant and equipment	114	131	152	188	200	199	207	195	184	200
Lease right-of-use assets		0	0	101	99.5	95.6	92.3	86.1	80.2	83.4
Goodwill	31.5	31.5	31.5	31.5	31.5	31.5	31.5	31.5	31.5	31.5
Total assets	16,492	17,089	17,144	18,095	20,604	22,785	23,607	23,733	23,601	24,176
Short-term debt		0	0.2	0
Long-term debt	268	261	136	85.6	60.5	10.4	410	560	558	558
Total liabilities	15,331	15,857	15,876	16,809	19,229	21,173	22,290	22,319	21,933	22,325
Total debt	268	261	136	85.6	60.5	10.4	410	550	550	550
Paid-in capital	552	561	572	583	591	603	621	636	647	665
Retained earnings	1,415	1,512	1,641	1,761	1,812	1,950	2,056	2,108	2,134	2,206
Treasury stock	-772	-807	-894	-1,027	-1,037	-1,055	-1,105	-1,114	-1,116	-1,120
Other comprehensive income	-33.9	-34.7	-51	-31.1	7.82	-66.4	-435	-397	-343	-244
Shareholders' equity	1,162	1,232	1,268	1,287	1,375	1,612	1,317	1,414	1,668	1,851
Total equity	1,162	1,232	1,268	1,287	1,375	1,612	1,317	1,414	1,668	1,851
Total liabilities and equity	16,492	17,089	17,144	18,095	20,604	22,785	23,607	23,733	23,601	24,176
Shares outstanding	42.6	42.4	41.5	40	40.1	40.3	39.8	39.8	39.8	39.7

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	181	185	220	226	154	253	226	171	150	206
Depreciation and amortization	12.9	13	14.4	17.3	20.2	21.1	21.4	21.3	20.1	18.8
Stock-based compensation	6.79	7.37	8.15	8.34	7.58	13.3	16.1	15.7	14.4	16.2
Deferred income tax	7.19	4.18	-6.27	-15.4	-42.6	3.02	-2.71	-11.2	-12.2	2.51
Cash from operations	227	175	318	234	146	377	333	139	171	218
Capital expenditures			-35.3	-53.9	-33.3	-22.4	-28.8	-9.4	-9.68	-34.1
Purchases of investments			-167	-1,457	-2,115	-2,101	-1,059	-0.51	-471	-1,267
Sales and maturities of investments	409	365	358	1,874	1,003	1,487	677	475	213	537
Cash from investing	-961	-1,022	-74.7	-773	-2,373	-2,423	-1,253	574	28.5	-403
Debt issued	75	0	50	0	50		400	1,350	0	0
Debt repaid	-50	0	-175	-50.1	-75.1	-50.1	-0.1	-1,200	-0.11	0
Stock issued	9.08	13.1	7.87	7.87	9.39	13.6	6.8	5.88	5.44	5.15
Share buybacks	-61.8	-47.1	-92	-138	-18	-31.3	-55.1	-9.85	0	-5
Dividends paid	-81.2	-87.1	-98.5	-105	-107	-111	-113	-112	-112	-113
Cash from financing	858	415	-165	572	2,282	1,993	762	-114	-437	368
Net change in cash			78.1	32.7	55.4	-53.7	-159	599	-237	183
Free cash flow			283	180	113	355	304	129	161	184
Interest paid	39.5	44.9	62.5	89.9	53	32	49.6	282	403	363
Income taxes paid	57	67.9	42.5	58.2	60.2	48.8	53	52.2	31.2	24.9

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $71.65 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Effective tax rate	22.0%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	12.6%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	1.0%	Net income / average total assets.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	-0.1%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	2.7%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income growth, 1y	37.3%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	-3.0%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	6.0%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	33.8%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	-5.5%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	3.7%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	27.7%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	-13.1%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	8.3%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	14.3%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	-15.4%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	10.3%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Dividend per share growth, 1y	0.0%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	0.0%	Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Dividend per share CAGR, 5y	0.0%	Compound annual growth of dividend per share over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	11.0%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	12.0%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	6.1%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	2.4%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	0.8%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	3.2%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	0.6%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	0.1%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	0.0%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Debt / equity	0.27x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	2.1%	Total debt / total assets.
Liabilities / assets	92.1%	Total liabilities / total assets.
Net debt	$55.3M	Total debt - cash - short-term investments. Negative means more cash than debt.
Goodwill and intangibles / assets	0.1%	(Goodwill + intangible assets) / total assets.
Tangible book value	$1.84B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
FCF conversion	86.8%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	19.7%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$5.93	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
FCF per share	$5.15	Free cash flow / diluted weighted shares.
Operating cash flow per share	$6.41	Cash from operations / diluted weighted shares.
Book value per share	$47.55	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$46.75	Tangible book value / shares outstanding.
Cash per share	$11.48	(Cash + short-term investments) / shares outstanding.
Payout ratio	47.9%	Dividends paid / net income, when net income is positive.
Dividends / FCF	55.1%	Dividends paid / free cash flow, when free cash flow is positive.
Buybacks / FCF	18.1%	Share buybacks / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$2.83B	Share price x shares outstanding.
Enterprise value	$2.88B	Market cap + total debt - cash - short-term investments.
P/E	12.0x	Market cap / net income. Only when net income is positive.
P/B	1.51x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	1.53x	Market cap / tangible book value, when positive.
P/FCF	13.8x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	11.1x	Market cap / cash from operations, when positive.
EV/FCF	14.1x	Enterprise value / free cash flow, when both are positive.
FCF yield	7.2%	Free cash flow / market cap.
Earnings yield	8.3%	Net income / market cap (the inverse of P/E).
Dividend yield	4.0%	Dividends paid over the period / market cap.
Shareholder yield	5.3%	(Dividends paid + share buybacks) / market cap.

What was BANK OF HAWAII CORP's revenue in fiscal 2025?

BANK OF HAWAII CORP reported revenue of $121.9M for fiscal 2025, 0.1% lower than the year before.

Was BANK OF HAWAII CORP profitable in fiscal 2025?

Yes. Net income was $205.9M, a net margin of 168.9%.

How much free cash flow did BANK OF HAWAII CORP generate in fiscal 2025?

Cash from operations of $218.3M minus capital expenditures of $34.1M left free cash flow of $184.3M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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