Bank of Hawaii Reports Q3 2026 Net Income of $64.3 Million Driven by Margin Expansion
Bank of Hawaii (BOH) reported third-quarter 2026 net income of $64.3 million, bolstered by its tenth consecutive quarter of net interest margin expansion. The bank's revenue growth was primarily driven by the repricing of fixed-rate loans and investment securities into higher market yields, resulting in a net interest income (NII) of $156.1 million. Management successfully managed deposit costs by strategically allowing $200 million in high-cost public sector deposits to run off, maintaining average deposit costs at 1.3%. While commercial lending grew by $73 million, the bank noted a slight increase in nonperforming assets due to a single borrower default; however, management expects this impact to be immaterial.
Tickers: $BOH
Topics: asset repricing commercial lending deposit costs net income net interest margin