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Income Statement
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Credit Analysis

BANK OF HAWAII CORP (BOH)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   10-K10-K10-K10-K10-K10-K10-K10-K
    Interest income:  
        Interest income on loans  439.8398.6417.5439.0410.6370.4333.2298.5
        Interest income on investments  152.0126.5127.3143.8134.5128.5121.0131.1
        Interest income on repurchase agreements  4.30.90.93.63.73.92.91.1
       597.4526.7546.4587.4550.2503.8457.9432.1
    Interest expense:  
        Interest on deposits  39.715.233.068.441.122.312.69.6
        Interest on borrowings       0.1  
       56.829.450.189.763.846.640.338.0
Net interest income  540.6497.3496.3497.7486.4457.2417.6394.1
Provision for loan losses  -7.8-50.5117.816.013.416.94.81.0
Net interest income after provision for loan losses  548.4547.8378.5481.7472.9440.3412.8393.1
        Deposit and loan fees  29.625.624.930.128.832.633.734.1
        Gain on sale of investments, net         10.2
        Other non-interest income  127.9145.8159.5153.3140.1152.8163.7142.0
Total non-interest income  157.5171.4184.4183.3168.9185.4197.3186.2
Non-interest expenses  415.3393.6373.8379.2371.6357.7350.6348.1
Pre-tax income before non-recurring items  284.5324.3199.1281.8266.3268.1259.6231.2
Non-recurring items  -6.1-1.39.9-4.0-3.9   
Pre-tax income  290.6325.6189.1285.8270.2268.1259.6231.2
Income taxes  64.872.235.359.950.683.478.170.5
            Tax rate  22.3%22.2%18.7%21.0%18.7%31.1%30.1%30.5%
Net income  217.9250.4153.8225.9219.6184.7181.5160.7
            Net margin  30.9%34.8%27.3%34.0%34.2%29.5%29.7%27.7%
   
Basic EPS  $5.50$6.29$3.87$5.59$5.26$4.37$4.26$3.72
Diluted EPS  $5.48$6.25$3.86$5.56$5.23$4.33$4.23$3.70
   
Shares outstanding (basic)  39.639.839.740.441.742.342.643.2
Shares outstanding (diluted)  39.840.139.940.642.042.642.943.5
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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