$BOH (Bank of Hawaii Corporation)

$BOH {{ '2016-07-25T18:15:23+0000' | timeago}} • Webcast

Financial services company $BOH said commercial loans were up 1.5%, residential mortgages were up 3.6% and other consumer loans were up 6% in 2Q16. ROE was 15.6%. $BOH installed 116 smart ATM machines during 2Q16. Consumer deposit transactions from the ATMs and the mobile app have grown to about 30% of total consumer deposit transactions.

$BOH {{ '2017-04-24T19:35:10+0000' | timeago}} • Webcast

$BOH commented that the rate increase in March will help it on the floating rate loans and securities. In 2Q17, the company expects better yields from floating rate loans and securities. The rate decrease will have some impact on the bank's long maturity loans, $BOH said.

$BOH {{ '2017-04-24T19:23:11+0000' | timeago}} • Webcast

$BOH said that other expenses declined in 1Q17 on a linked quarter basis. The company incurred some seasonal expenses at the end of 2016 related to production and sales. Expenses were up 1.4% compared to the last year.

$BOH {{ '2017-04-24T14:49:32+0000' | timeago}} • Announcement

$BOH BoD declared a quarterly cash dividend of $0.50 per share on its outstanding shares. The dividend will be payable on June 14, 2017 to shareholders as on May 31, 2017.

$BOH {{ '2017-04-24T14:47:49+0000' | timeago}} • Announcement

During 1Q17, $BOH repurchased 114,000 shares of common stock at a total cost of $9.6MM under its share repurchase program. The average cost was $84.53 per share repurchased.

$BOH {{ '2017-04-24T14:45:52+0000' | timeago}} • Announcement

$BOH's loan and lease balances were $9.1Bil at March 31, 2017, up 13% YoY. Deposit growth remained strong during 1Q17, increasing 7.3% from March 31, 2016. Total deposits increased to $14.48Bil at March 31, 2017, compared with $13.49Bil at March 31, 2016.

$BOH {{ '2017-04-24T14:36:42+0000' | timeago}} • Announcement

Banking company $BOH posted a 2.5% growth in net interest income in 1Q17, as net interest margin increased 3 BP to $2.89%. This helped it post a higher net income of $51.2MM, or $1.20 per share, compared to $50.2MM, or $1.16 per share in the same quarter last year. Noninterest expense was $88.6MM, up 1.3% from 1Q16.

$BOH {{ '2017-01-23T19:51:35+0000' | timeago}} • Webcast

With the higher rates, $BOH expects some challenges in mortgage banking income going into next year. The company said that it is has planned to continue to buy back the stock in 2017.

$BOH {{ '2017-01-23T14:02:37+0000' | timeago}} • Announcement

$BOH's total assets increased to $16.5Bil at December 31, 2016, up from $15.5Bil at December 31, 2015. Average total assets were $16.2Bil during 4Q16, up from $15.3Bil during 4Q15. Total loans and leases increased to $8.9Bil at December 31, 2016, up 13.6% from $7.9Bil at December 31, 2015.

$BOH {{ '2017-01-23T13:58:30+0000' | timeago}} • Announcement

$BOH's Board of Directors declared a quarterly cash dividend of $0.50 per share on the company’s outstanding shares, an increase of $0.02 per share from the $0.48 per share dividend declared in the prior quarter. The dividend will be payable on March 14, 2017 to shareholders of record on February 28, 2017.

$BOH {{ '2017-01-23T13:56:37+0000' | timeago}} • Announcement

Bank holding company $BOH reported an increase in 4Q16 earnings. Net income was $43.5MM or $1.02 per share compared to $42.8MM or $0.99 per share in 4Q15. Net interest income, on a taxable-equivalent basis, for 4Q16 was $110.1MM, up $5.4MM compared with $104.7MM in 4Q15.

$BOH {{ '2016-10-24T19:01:08+0000' | timeago}} • Announcement

$BOH said the mortgage banking growth is driven by two components, refinance and purchase. The company's future growth will be helped by increases in purchase, activity and also by project closings. $BOH expects to close a number of condominium projects in the next year, which will help its productivity.

$BOH {{ '2016-10-24T18:16:56+0000' | timeago}} • Announcement

$BOH said its loan balances increased 4.4% to $8.7Bil in 3Q16, helped by strong growth in all loan categories. Commercial loans grew 5.6% to $3.5Bil and consumer loans improved 3.6% to 5.2Bil from 2Q16.

$BOH {{ '2016-10-24T13:50:13+0000' | timeago}} • Announcement

$BOH declared a quarterly cash dividend of $0.48 per share on its outstanding shares. The dividend will be payable on December 14, 2016 to shareholders of record at the close of business on November 30, 2016.

$BOH {{ '2016-10-24T13:48:58+0000' | timeago}} • Announcement

Regional commercial bank $BOH reported a higher quarterly profit, helped in part by growth in loans and deposits. The company reported 3Q16 earnings of $1.02 per share, compared to $0.79 per share a year ago. Net interest income rose to $103.9MM from $97.9MM a year ago.

$BOH {{ '2016-07-25T19:05:30+0000' | timeago}} • Webcast

Joe Morford of RBC Capital Markets asks about reinvestment rates in the investment portfolio. $BOH said the differential was a negative 17BP. The ones that were sold in 2Q16 was at a yield of 2.03% and the ones that the company bought was at 1.86%.

$BOH {{ '2016-07-25T18:54:18+0000' | timeago}} • Webcast

Ken Zerbe of Morgan Stanley asks for an update on net interest margin. $BOH said net interest margin was at 2.82%, net of recoveries, in 2Q16, which was slightly higher compared to 2Q15. The company believes it can maintain a fairly stable margin driven by loan growth substituting for investment securities going forward.

$BOH {{ '2016-07-25T18:46:36+0000' | timeago}} • Webcast

Jeff Rulis of DA Davidson asks about costs related to the ATM rollout. $BOH said its expense rate was 3% and one-third of this was investment. The additional depreciated cost of the new fleet is part of this investment number. The cost is not insignificant but customer and financial benefits are expected to come out of it.

$BOH {{ '2016-07-25T18:36:24+0000' | timeago}} • Webcast

In 2Q16, $BOH had net charge-offs totaling $1.7MM or 0.09% annualized of total avg. loans and leases outstanding. Non-performing assets were $16.3MM at 2Q16-end, down $13.2MM from 2Q15-end. The allowance for loan and lease losses was reduced to $103.9MM. Economic conditions in Hawaii remained positive in 2Q16.

$BOH {{ '2016-07-25T18:23:10+0000' | timeago}} • Webcast

$BOH said net interest margin in 2Q16 was 2.85%, up 4BP from 2Q15. Net interest income in 2Q16 included interest recoveries of $1MM, which had a positive impact of approx. 3BP on the margin. Noninterest income in 2Q16 included a service fee of $1.2MM resulting from the sale of trust real estate property.

$BOH {{ '2016-07-25T18:15:23+0000' | timeago}} • Webcast

Financial services company $BOH said commercial loans were up 1.5%, residential mortgages were up 3.6% and other consumer loans were up 6% in 2Q16. ROE was 15.6%. $BOH installed 116 smart ATM machines during 2Q16. Consumer deposit transactions from the ATMs and the mobile app have grown to about 30% of total consumer deposit transactions.

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