At a glance
Bank of Hawaii Corporation is worth $2.72B, about 15 times its fiscal 2025 earnings. Revenue grew 12.1% to $716.6M in fiscal 2025, with 28.7% kept as profit; over 5 years it has grown 1.0% a year. It pays a 4.03% dividend yield, and returned $661.4M to shareholders in dividends and buybacks over FY2021–FY2025. The stock returned +10.0% over the past year with dividends reinvested and +0.2% a year over five years, against +11.5% and +11.7% for the S&P 500. At its worst it fell 47.4% in the 2020 crash (S&P 500: 33.7%) and 21.0% in the 2022 bear market (S&P 500: 24.5%), and was back at its earlier high 11 months and 44 months after the lows.
The business in plain English
Bank of Hawaii Corporation is the holding company for Bank of Hawaiʻi, a state-chartered bank founded in 1897 and based in Honolulu. Through the bank and its subsidiaries, it offers a broad range of financial products and services, mainly to people and businesses in Hawaiʻi, Guam and other Pacific Islands. Its deposits are federally insured by the FDIC. As of September 30, 2026, it held $20.5 billion in deposits and $23.8 billion in total assets.
Like most banks, it makes the bulk of its money from net interest income. That is the gap between the interest it collects on loans and investments and the interest it pays on deposits and borrowings. In fiscal 2025, net interest income was $537.5 million of $716.6 million in total revenue, or roughly three-quarters. The remaining $179.1 million was noninterest income. That includes fees from mortgage banking, mortgage servicing and managing clients' investments.
Lending relies heavily on real estate. As of December 31, 2025, residential mortgages were 33.9% of loans and leases, and commercial mortgages were 29.9%. Management reports three segments: Consumer Banking, Commercial Banking, and Treasury and Other. The 10-K gives no clean revenue split among them. The bank competes with other banks, credit unions, mortgage and finance companies, and out-of-state online rivals. It leans on its branch network, its service and its local knowledge.
Price history
The interactive chart needs JavaScript.
BOH +10.0% over the year to Oct 28, 2026, total return with dividends reinvested.
Latest results
- In Q3 FY2026 (ended Sep 30, 2026), revenue was $198.8M, up 8.8% from a year earlier, and net income was $64.3M (+20.5%).
- For fiscal 2025, revenue was $716.6M (+12.1% year over year; +1.0% a year from FY2020 to FY2025) with a 28.7% net margin.
Financial health check
| Revenue growth a year (FY2020–FY2025) | +1.0% watch |
|---|---|
| Return on equity | 11.1% watch |
| Net income / revenue | 28.7% good |
| Deposits | $20.48B |
| Fiscal year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2020 | $680.7M | $153.8M | — |
| FY2021 | $668.6M | $253.4M | — |
| FY2022 | $698.1M | $225.8M | — |
| FY2023 | $673.6M | $171.2M | — |
| FY2024 | $639.1M | $150.0M | — |
| FY2025 | $716.6M | $205.9M | — |
Valuation snapshot
| Market value | $2.72B |
|---|---|
| P/E ratio | 15 |
| Dividend yield | 4.03% |
Rank among 1514 US companies
Market value at each year end
Bank of Hawaii’s market value went from $3.79B at the end of 2016 to $2.72B on Oct 28, 2026, down 28%; since the end of 2025 it is up 0%.
Show as a table
| Year end | Market value | Change |
|---|---|---|
| Oct 28, 2026 | $2.72B | +0.1% |
| 2025 | $2.72B | -3.9% |
| 2024 | $2.83B | -1.7% |
| 2023 | $2.88B | -7.2% |
| 2022 | $3.10B | -7.9% |
| 2021 | $3.37B | +9.8% |
| 2020 | $3.07B | -19.9% |
| 2019 | $3.83B | +36.3% |
| 2018 | $2.81B | -22.8% |
| 2017 | $3.64B | -3.9% |
| 2016 | $3.79B |
Price behavior
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | |
|---|---|---|---|---|---|
| BOH price data to Oct 28, 2026 | +4.4% | +10.0% | +17.8% | +0.2% | +3.1% |
Show as a table
| Year | Price data |
|---|---|
| 2026 (to date) | +4.4% |
| 2025 | -0.0% |
| 2024 | +3.6% |
| 2023 | -1.6% |
| 2022 | -4.2% |
| 2021 | +12.9% |
| 2020 | -16.3% |
| 2019 | +45.8% |
| 2018 | -19.2% |
| 2017 | -0.4% |
| 2016 | +44.8% |
| 2015 | +9.1% |
| 2014 | +3.5% |
| 2013 | +38.9% |
| 2012 | +3.0% |
| 2011 | -1.8% |
| 2010 | +4.4% |
| 2009 | +9.2% |
| 2008 | -8.5% |
| 2007 | -2.1% |
| 2006 | +7.8% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Lost 49.4% over that stretch · deepest drop along the way 60%, back to its old high 52 months after the low |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Lost 46.9% over that stretch · deepest drop along the way 47.4%, back to its old high 10.7 months after the low |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Lost 9.6% over that stretch · deepest drop along the way 21%, back to its old high 43.7 months after the low |
Insider activity
Form 4 filings from 2025-10-29 to 2026-10-29 (25 read): 0 open-market purchases and 3 sales ($760K).
| Date | Insider | Type | Value |
|---|---|---|---|
| May 1, 2026 | Kent Thomas Lucien Director | sell | $401K |
| Aug 4, 2026 | Marco A Abbruzzese Vice Chair | sell | $199K |
| Aug 3, 2026 | Marco A Abbruzzese Vice Chair | sell | $160K |
Who owns it
Large shareholders (13G filings)
| Vanguard Portfolio Management | 6.42% | Mar 31, 2026 |
| Vanguard Capital Management | 5.26% | Mar 31, 2026 |
| Kayne Anderson Rudnick Investment Management, LLC | 4.6% | Jun 30, 2026 |
ETFs with the most weight in BOH
| PSCF Invesco S&P SmallCap Financials ETF | 0.77% |
| OASC OneAscent Small Cap Core ETF | 0.64% |
| AVSC Avantis U.S Small Cap Equity ETF | 0.35% |
| DES WisdomTree U.S. SmallCap Dividend Fund | 0.33% |
| ETHO Amplify Etho Climate Leadership U.S. ETF | 0.32% |
| TPSC Timothy Plan US Small Cap Core ETF | 0.26% |
| XJR iShares ESG Select Screened S&P Small-Cap ETF | 0.25% |
| IJS iShares S&P Small-Cap 600 Value ETF | 0.24% |
What could go wrong
- Tied to Hawaiʻi and Pacific island economies. Most of its business is in Hawaiʻi, Guam and other Pacific Islands. Those economies lean on tourism, the U.S. military, real estate and government. A regional slump could raise loan losses and cut demand.
- Loans rely heavily on local real estate. As of December 31, 2025, residential mortgages were 33.9% and commercial mortgages 29.9% of loans and leases. Falling island property values, rents or occupancy could raise defaults and reduce collateral values.
- Cuts in military and federal spending. The U.S. military and government are major supports of the Hawaiʻi and West Pacific economies. Lower defense spending, a long federal shutdown or smaller federal programs could hurt local jobs and borrowers.
- Natural disasters and climate change. Storms and other natural disasters in Hawaiʻi and the West Pacific can damage property that backs loans and disrupt operations. Climate change and government responses to it could add to these pressures.
- Interest rate moves can squeeze profits. Most revenue comes from net interest income. Changes in rates can narrow the gap between what loans earn and what deposits cost, and can also reduce the bank's capital.
- Dividend depends on the bank subsidiary. The parent company pays shareholders mainly from dividends it receives from Bank of Hawaiʻi. Regulators can limit those payments, and the 10-K says there is no assurance dividends will continue.
Recent events
- Quarterly results released
- Quarterly results released
- Shareholder vote results
- Quarterly results released
- Executive or board change
- Executive or board change; Investor presentation or announcement
- Quarterly results released
For income and retirement investors
Bank of Hawaii pays a regular dividend but has not raised it. Dividends per share stayed between $2.74 and $2.80 a year from fiscal 2020 through fiscal 2025. In fiscal 2025, dividends equaled 54.9% of earnings. The dividend yield was 4.03% as of October 28, 2026. Over fiscal 2021–2025, the company paid $560.3 million in dividends and spent $101.2 million on buybacks. It bought back nothing in fiscal 2024 and only $5.0 million in fiscal 2025. Shares outstanding fell 2.7% from February 2022 to October 2026.
The stock has fallen hard in past downturns. It dropped 60% from its September 2008 peak to March 2009 and took 52 months to recover. In the 2020 COVID crash it fell 47.4% and recovered in about 11 months. In 2022 it fell 21% and did not regain its earlier peak until February 2026. A single bank stock carries more risk than a diversified fund.
Questions investors ask
How does Bank of Hawaii make money?
Mostly by lending. Bank of Hawaii earns net interest income, which is the difference between the interest it collects on loans and investments and the interest it pays on deposits and borrowings. In fiscal 2025, that came to $537.5 million of $716.6 million in total revenue. The other $179.1 million was noninterest income, such as fees from mortgage banking and other services. Its customers are mainly households and businesses in Hawaiʻi, Guam and other Pacific Islands.
Does Bank of Hawaii raise its dividend every year?
No. Dividends per share stayed between $2.74 and $2.80 a year from fiscal 2020 through fiscal 2025, so there is no streak of annual increases. Dividend payments equaled 54.9% of fiscal 2025 earnings. The parent company relies on dividends from its bank subsidiary to pay shareholders, and regulators can restrict those payments. The 10-K also says there is no assurance the dividend will continue.
What is Bank of Hawaii's dividend yield?
The dividend yield was 4.03% as of October 28, 2026. Fiscal 2025 dividends were $2.80 per share. On that date, the stock traded at about 15 times fiscal 2025 earnings of $4.63 per diluted share, and the company's market value was roughly $2.7 billion. The yield moves with the share price. When the price falls the yield rises, and when the price rises the yield falls.
How has Bank of Hawaii stock performed over the long term?
Unevenly. As of October 28, 2026, the share price was up 36% over 10 years, or about 3.1% a year. Over five years it was roughly flat, at 0.2% a year. Over three years it rose 17.8% a year, and over one year it rose 10%. These are share-price returns, and dividends came on top. The stock's largest drop in about 21 years of price history was 62.6%.
Why does Hawaii's economy matter so much for Bank of Hawaii?
Because most of its business is local. The bank mainly serves Hawaiʻi, Guam and other Pacific Islands, whose economies rely on tourism, the U.S. military, real estate, construction and government. Most of its loans are backed by island real estate. As of December 31, 2025, residential mortgages made up 33.9% of loans and leases and commercial mortgages 29.9%. Fewer visitors, defense cuts, falling property values or natural disasters could hurt borrowers and the bank's results.