The average yield on loans and leases was 4.80% in the second quarter of 2025, up 8 basis points from the linked quarter and up 4 basis points from the same period last year. The average yield on total earning assets was 4.01% in the second quarter of 2025, up 6 basis points from the linked quarter and up 2 basis points from the same period last year. The average rate of interest-bearing deposits was 2.16% in the second quarter of 2025, flat from the linked quarter and down 30 basis points from the same period last year. The average quarterly rate of total deposits, including noninterest-bearing deposits, was 1.60%, flat from the linked quarter and down 21 basis points from the same period last year. The decrease in deposit rates from the same period last year was primarily due to lower benchmark interest rates and the slowing of the deposit mix shift.

Net interest margin was 2.39% in the second quarter of 2025, an increase of 7 basis points from the linked quarter and an increase of 24 basis points from the same period last year. As discussed above, the increase from the previous quarter was primarily due to fixed asset repricing. The increase from the same period last year was primarily due to lower interest-bearing deposit rates and slowing of deposit mix shift.

Net interest income for the second quarter of 2025 was $129.7 million, an increase of 3.1% from the linked quarter and an increase of 12.9% as compared to the same period last year. The increase from the previous quarter was primarily driven by higher earning asset yields, as cash flows from fixed rate assets rolling off at lower interest rates were reinvested at higher current rates (fixed asset repricing). The increase from the same period last year was primarily due to lower interest-bearing deposit rates, slowing of the shift from noninterest-bearing and interest-bearing accounts with rates less than 10 basis points to higher interest-bearing deposit accounts (deposit mix shift) and higher average balance of our earning assets.

“Bank of Hawai‘i continued to perform well during the second quarter of 2025,” said Peter Ho, Chairman and CEO. “Our net interest income and net interest margin expanded for the fifth consecutive quarter. Average deposit balances grew while average loan balances held steady. Our credit quality remained excellent, and we continued to maintain our disciplined approach to expense management.”

HONOLULU, July 28, 2025 –( BUSINESS WIRE )–Bank of Hawai‘i Corporation (NYSE: BOH) (the “Company”) today reported diluted earnings per common share of $1.06 for the second quarter of 2025, compared with $0.97 during the linked quarter and $0.81 during the same period last year. Net income for the second quarter of 2025 was $47.6 million, up 8.3% from the linked quarter and up 39.8% from the same period last year. The return on average common equity for the second quarter of 2025 was 12.50% compared with 11.80% during the linked quarter and 10.41% during the same period last year.

Story Continues

Noninterest income was $44.8 million in the second quarter of 2025, an increase of 1.7% from the linked quarter and an increase of 6.4% from the same period in 2024. Noninterest income in the second quarter included an $0.8 million gain related to a BOLI recovery, while the linked quarter included a $0.6 million charge related to a Visa B conversion ratio change. Adjusted for these items, noninterest income decreased by 1.5% from the linked quarter and increased by 4.5% from the same period in 2024. The decrease from the linked quarter was primarily due to lower customer derivative activity and decreases in mortgage banking income and service charges on deposit accounts, partially offset by an increase in trust and asset management income. The increase from the same period last year was primarily due to increases in other income, services charges on deposit accounts, fees, exchange, and other service charges, bank-owned life insurance income and a decrease in investment securities losses.

Noninterest expense was $110.8 million in the second quarter of 2025, an increase of 0.3% from the linked quarter and an increase of 1.4% from the same period last year. The increase from the linked quarter was primarily due to higher FDIC insurance costs, partially offset by lower salaries and benefits. The increase from the same period last year was primarily due to higher salaries and benefits, partially offset by lower FDIC insurance costs.

The effective tax rate for the second quarter of 2025 was 21.19% compared with 21.67% during the linked quarter and 24.77% during the same period last year. The lower effective tax rate in the current quarter as compared to the linked quarter was primarily due to an increase in tax-exempt income. Compared to the same period last year, the decrease was primarily due to a decrease in tax expense from discrete items and an increase in tax-exempt income.

Asset Quality

The Company’s overall asset quality remained strong during the second quarter of 2025. Provision for credit losses for the second quarter of 2025 was $3.3 million, unchanged from the linked quarter and up from $2.4 million in the same period last year.

Total non-performing assets were $17.9 million at June 30, 2025, up $0.4 million from March 31, 2025 and up $2.7 million from June 30, 2024. Non-performing assets as a percentage of total loans and leases and foreclosed real estate were 0.13% at the end of the quarter, an increase of 1 basis point from the linked quarter and an increase of 2 basis points from the same period last year.

Net loan and lease charge-offs during the second quarter of 2025 were $2.6 million or 7 basis points annualized of total average loans and leases outstanding and comprised of gross charge-offs of $4.0 million partially offset by gross recoveries of $1.4 million. Compared to the linked quarter, net loan and lease charge-offs decreased by $1.8 million or 6 basis points annualized on total average loans and leases outstanding. Compared to the same period last year, net loan and lease charge-offs decreased by $0.8 million or 3 basis points annualized on total average loans and leases outstanding.

The allowance for credit losses on loans and leases was $148.5 million at June 30, 2025, an increase of $0.8 million from March 31, 2025 and an increase of $1.1 million from June 30, 2024. The ratio of the allowance for credit losses to total loans and leases outstanding was 1.06% at the end of the quarter, up 1 basis point from the linked quarter and down 1 basis point from the same period last year.

Balance Sheet

Total assets were $23.7 billion at June 30, 2025, a decrease of 0.7% from March 31, 2025 and an increase of 1.8% from June 30, 2024. The decrease from the linked quarter was primarily due to decreases in cash and cash equivalents and loans, partially offset by an increase in investment securities. The increase from the same period last year was primarily due to increases in loans and investment securities, partially offset by a decrease in cash and cash equivalents.

The investment securities portfolio was $7.6 billion at June 30, 2025, an increase of 1.8% from March 31, 2025 and an increase of 6.2% from June 30, 2024. The increase from the prior periods was primarily due to the purchases of investment securities, partially offset by the amortization of the portfolio. The investment portfolio remains largely comprised of securities issued by U.S. government agencies and U.S. government-sponsored enterprises.

Total loans and leases were $14.0 billion at June 30, 2025, a decrease of 0.8% from March 31, 2025 and an increase of 1.2% from June 30, 2024. Total commercial loans were $6.1 billion at June 30, 2025, a decrease of 1.5% from March 31, 2025 and an increase of 5.0% from June 30, 2024. The decrease from the linked quarter was primarily due to modest loan production within our commercial and industrial portfolio. The increase from the same period last year was primarily due to loan production outpacing loan amortization and paydowns within our commercial mortgage portfolio. Total consumer loans were $7.9 billion at June 30, 2025, a decrease of 0.2% from the linked quarter and a decrease of 1.5% from the same period last year. The decrease from the prior periods was due to declines in our automobile and home equity portfolios.

Total deposits were $20.8 billion at June 30, 2025, a decrease of 1.0% from March 31, 2025 and an increase of 1.9% from June 30, 2024. Noninterest-bearing deposits made up 26.1% of total deposit balances at June 30, 2025, flat from March 31, 2025 and down from 26.3% at June 30, 2024. Average total deposits were $20.7 billion for the second quarter of 2025, up 0.1% from the linked quarter and up 1.7% from the same period last year.

Capital and Dividends

The Company’s capital levels remain well above regulatory well-capitalized minimums.

The Tier 1 Capital Ratio was 14.17% at June 30, 2025 compared with 13.93% at March 31, 2025 and 13.96% at June 30, 2024. The increase from the linked quarter was due to retained earnings growth and decreases in risk-weighted assets. The increase from the same period last year was primarily due to retained earnings growth. The Tier 1 Leverage Ratio was 8.46% at June 30, 2025, compared with 8.36% at March 31, 2025 and 8.37% at June 30, 2024. The increase from the linked quarter was due to a decrease in average total assets and an increase in retained earnings. The increase from the same period last year was due to an increase in retained earnings, partially offset by an increase in average total assets.

No shares of common stock were repurchased under the share repurchase program in the second quarter of 2025. Total remaining buyback authority under the share repurchase program was $126.0 million at June 30, 2025.

The Company’s Board of Directors declared a quarterly cash dividend of $0.70 per share on the Company’s outstanding common shares. The dividend will be payable on September 15, 2025 to shareholders of record at the close of business on August 29, 2025.

On July 3, 2025, the Company announced that the Board of Directors declared a quarterly dividend payment of $10.94 per share, equivalent to $0.2735 per depositary share, of Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A, and a quarterly dividend payment of $20.00 per share, equivalent to $0.5000 per depositary share, of Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B. The depositary shares representing the Series A Preferred Stock and Series B Preferred Stock are traded on the NYSE under the symbol “BOH.PRA” and “BOH.PRB”, respectively. The dividends on the Series A Preferred Stock and Series B Preferred Stock will be payable on August 1, 2025 to shareholders of record of the preferred stock as of the close of business on July 17, 2025.

Conference Call Information

The Company will review its second quarter financial results today at 8:00 a.m. Hawai‘i Time (2:00 p.m. Eastern Time). The live call, including a slide presentation, will be accessible on the investor relations link of Bank of Hawai‘i Corporation’s website, www.boh.com. The webcast can be accessed via the link: https://register-conf.media-server.com/register/BIa6a93d497eb94850bae6b073c733bfa9. A replay of the conference call will be available for one year beginning at approximately 11:00 a.m. Hawai‘i Time on Monday, July 28, 2025. The replay will be available on the Company’s website, www.boh.com.

Investor Announcements

Investors and others should note that the Company intends to announce financial and other information to the Company’s investors using the Company’s investor relations website at https://ir.boh.com, social media channels, press releases, SEC filings and public conference calls and webcasts, all for purposes of complying with the Company’s disclosure obligations under Regulation FD. Accordingly, investors should monitor these channels, as information is updated, and new information is posted.

Forward-Looking Statements

This news release, and other statements made by the Company in connection with it may contain “forward-looking statements” (as defined in the Private Securities Litigation Reform Act of 1995) that involve risks and uncertainties that could cause results to be materially different from expectations. Forecasts of our financial results and condition, expectations for our operations and business prospects, and our assumptions used in those forecasts and expectations are examples of certain of these forward-looking statements. Do not unduly rely on forward-looking statements. Actual results might differ significantly from our forecasts and expectations because of a variety of factors. More information about these factors is contained in Bank of Hawai‘i Corporation’s Annual Report on Form 10-K for the year ended December 31, 2024 and its Form 10-Q for fiscal quarter ended March 31, 2025, which were filed with the U.S. Securities and Exchange Commission. These forward-looking statements are not guarantees of future performance and speak only as of the date made, and, except as required by law, the Company undertakes no obligation to update or revise any forward-looking statements to reflect subsequent events, new information or future circumstances.

Bank of Hawai‘i Corporation is an independent regional financial services company serving businesses, consumers, and governments in Hawai‘i and the West Pacific. The Company’s principal subsidiary, Bank of Hawai‘i, was founded in 1897. For more information about Bank of Hawai‘i Corporation, see the Company’s website, www.boh.com. Bank of Hawai‘i Corporation is a trade name of Bank of Hawaii Corporation.

Bank of Hawai‘i Corporation and Subsidiaries Financial Highlights Table 1 Three Months Ended Six Months Ended June 30, March 31, June 30, June 30, (dollars in thousands, except per share amounts) 2025 2025 2024 2025 2024 For the Period: Operating Results Net Interest Income $ 129,683 $ 125,807 $ 114,846 $ 255,490 $ 228,784 Provision for Credit Losses 3,250 3,250 2,400 6,500 4,400 Total Noninterest Income 44,795 44,058 42,087 88,853 84,372 Total Noninterest Expense 110,783 110,459 109,226 221,242 215,085 Pre-Provision Net Revenue 63,695 59,406 47,707 123,101 98,071 Net Income 47,637 43,985 34,083 91,622 70,474 Net Income Available to Common Shareholders 42,368 38,716 32,114 81,084 66,536 Basic Earnings Per Common Share 1.07 0.98 0.81 2.05 1.69 Diluted Earnings Per Common Share 1.06 0.97 0.81 2.03 1.68 Dividends Declared Per Common Share 0.70 0.70 0.70 1.40 1.40 Performance Ratios Return on Average Assets 0.81 % 0.75 % 0.59 % 0.78 % 0.61 % Return on Average Shareholders’ Equity 11.21 10.65 9.53 10.93 9.93 Return on Average Common Equity 12.50 11.80 10.41 12.16 10.81 Efficiency Ratio 1 63.49 65.03 69.60 64.25 68.68 Net Interest Margin 2 2.39 2.32 2.15 2.36 2.13 Dividend Payout Ratio 3 65.42 71.43 86.42 68.29 82.84 Average Shareholders’ Equity to Average Assets 7.22 7.09 6.22 7.16 6.15 Average Balances Average Loans and Leases $ 14,049,025 $ 14,062,173 $ 13,831,797 $ 14,055,563 $ 13,850,299 Average Assets 23,596,955 23,638,068 23,145,107 23,617,398 23,213,336 Average Deposits 20,699,694 20,669,539 20,358,393 20,684,700 20,451,017 Average Shareholders’ Equity 1,704,415 1,675,571 1,438,476 1,690,073 1,427,289 Per Share of Common Stock Book Value $ 35.16 $ 34.23 $ 31.91 $ 35.16 $ 31.91 Tangible Book Value 34.37 33.43 31.12 34.37 31.12 Market Value Closing 67.53 68.97 57.21 67.53 57.21 High 71.35 76.00 62.53 76.00 73.73 Low 57.45 65.82 54.50 57.45 54.50 June 30, March 31, December 31, June 30, 2025 2025 2024 2024 As of Period End: Balance Sheet Totals Loans and Leases $ 14,002,178 $ 14,115,323 $ 14,075,980 $ 13,831,266 Total Assets 23,709,752 23,885,056 23,601,114 23,300,768 Total Deposits 20,798,914 21,008,217 20,633,037 20,408,502 Other Debt 558,226 558,250 558,274 560,136 Total Shareholders’ Equity 1,743,107 1,704,935 1,667,774 1,612,849 Asset Quality Non-Performing Assets $ 17,881 $ 17,451 $ 19,300 $ 15,179 Allowance for Credit Losses – Loans and Leases 148,543 147,707 148,528 147,477 Allowance to Loans and Leases Outstanding 4 1.06 % 1.05 % 1.06 % 1.07 % Capital Ratios 5 Common Equity Tier 1 Capital Ratio 6 11.81 % 11.58 % 11.59 % 11.56 % Tier 1 Capital Ratio 6 14.17 13.93 13.95 13.96 Total Capital Ratio 6 15.23 14.97 15.00 15.02 Tier 1 Leverage Ratio 8.46 8.36 8.31 8.37 Total Shareholders’ Equity to Total Assets 7.35 7.14 7.07 6.92 Tangible Common Equity to Tangible Assets 7 5.77 5.57 5.48 5.31 Tangible Common Equity to Risk-Weighted Assets 6, 7 9.62 9.28 9.08 8.80 Non-Financial Data Full-Time Equivalent Employees 1,921 1,876 1,865 1,910 Branches 51 50 50 50 ATMs 317 316 317 317 1 Efficiency ratio is defined as noninterest expense divided by total revenue (net interest income and total noninterest income). 2 Net interest margin is defined as net interest income, on a taxable-equivalent basis, as a percentage of average earning assets. 3 Dividend payout ratio is defined as dividends declared per common share divided by basic earnings per common share. 4 The numerator comprises the Allowance for Credit Losses – Loans and Leases. 5 Regulatory capital ratios as of June 30, 2025 are preliminary. 6 Capital ratios as of June 30, 2024 have been updated to reflect final reported ratios. 7 Tangible common equity to tangible assets and tangible common equity to risk-weighted assets are Non-GAAP financial measures. Tangible common equity is defined by the Company as common shareholders’ equity minus goodwill. See Table 2 “Reconciliation of Non-GAAP Financial Measures”.

Bank of Hawai‘i Corporation and Subsidiaries Reconciliation of Non-GAAP Financial Measures Table 2 June 30, March 31, December 31, June 30, (dollars in thousands) 2025 2025 2024 2024 Total Shareholders’ Equity $ 1,743,107 $ 1,704,935 $ 1,667,774 $ 1,612,849 Less: Preferred Stock 345,000 345,000 345,000 345,000 Goodwill 31,517 31,517 31,517 31,517 Tangible Common Equity $ 1,366,590 $ 1,328,418 $ 1,291,257 $ 1,236,332 Total Assets $ 23,709,752 $ 23,885,056 $ 23,601,114 $ 23,300,768 Less: Goodwill 31,517 31,517 31,517 31,517 Tangible Assets $ 23,678,235 $ 23,853,539 $ 23,569,597 $ 23,269,251 Risk-Weighted Assets, determined in accordance with prescribed regulatory requirements 1, 2 $ 14,208,032 $ 14,319,932 $ 14,225,908 $ 14,051,627 Total Shareholders’ Equity to Total Assets 7.35 % 7.14 % 7.07 % 6.92 % Tangible Common Equity to Tangible Assets (Non-GAAP) 5.77 % 5.57 % 5.48 % 5.31 % Tier 1 Capital Ratio 1, 2 14.17 % 13.93 % 13.95 % 13.96 % Tangible Common Equity to Risk-Weighted Assets (Non-GAAP) 1, 2 9.62 % 9.28 % 9.08 % 8.80 % 1 Regulatory capital ratios as of June 30, 2025 are preliminary. 2 Capital ratios as of June 30, 2024 have been updated to reflect final reported ratios.

Bank of Hawai‘i Corporation and Subsidiaries Consolidated Statements of Income Table 3 Three Months Ended Six Months Ended June 30, March 31, June 30, June 30, (dollars in thousands, except per share amounts) 2025 2025 2024 2025 2024 Interest Income Interest and Fees on Loans and Leases $ 166,779 $ 163,082 $ 163,208 $ 329,861 $ 322,544 Income on Investment Securities Available-for-Sale 27,007 24,368 21,468 51,375 43,225 Held-to-Maturity 19,835 20,291 21,595 40,126 43,731 Cash and Cash Equivalents 3,817 5,460 6,139 9,277 12,296 Other 1,097 1,085 1,120 2,182 2,090 Total Interest Income 218,535 214,286 213,530 432,821 423,886 Interest Expense Deposits 82,476 81,692 91,542 164,168 180,598 Securities Sold Under Agreements to Repurchase 491 744 1,180 1,235 2,623 Other Debt 5,885 6,043 5,962 11,928 11,881 Total Interest Expense 88,852 88,479 98,684 177,331 195,102 Net Interest Income 129,683 125,807 114,846 255,490 228,784 Provision for Credit Losses 3,250 3,250 2,400 6,500 4,400 Net Interest Income After Provision for Credit Losses 126,433 122,557 112,446 248,990 224,384 Noninterest Income Fees, Exchange, and Other Service Charges 14,383 14,437 13,769 28,820 27,892 Trust and Asset Management 12,097 11,741 12,223 23,838 23,412 Service Charges on Deposit Accounts 8,119 8,259 7,730 16,378 15,677 Bank-Owned Life Insurance 3,714 3,611 3,396 7,325 6,752 Annuity and Insurance 1,437 1,555 1,583 2,992 2,629 Mortgage Banking 849 988 1,028 1,837 1,979 Investment Securities Losses, Net (1,126 ) (1,607 ) (1,601 ) (2,733 ) (3,098 ) Other 5,322 5,074 3,959 10,396 9,129 Total Noninterest Income 44,795 44,058 42,087 88,853 84,372 Noninterest Expense Salaries and Benefits 61,308 62,884 57,033 124,192 115,248 Net Occupancy 10,499 10,559 10,559 21,058 21,015 Net Equipment 9,977 10,192 10,355 20,169 20,458 Data Processing 5,456 5,267 4,745 10,723 9,515 Professional Fees 4,263 4,264 4,929 8,527 9,606 FDIC Insurance 3,640 1,642 7,170 5,282 10,784 Other 15,640 15,651 14,435 31,291 28,459 Total Noninterest Expense 110,783 110,459 109,226 221,242 215,085 Income Before Provision for Income Taxes 60,445 56,156 45,307 116,601 93,671 Provision for Income Taxes 12,808 12,171 11,224 24,979 23,197 Net Income $ 47,637 $ 43,985 $ 34,083 $ 91,622 $ 70,474 Preferred Stock Dividends 5,269 5,269 1,969 10,538 3,938 Net Income Available to Common Shareholders $ 42,368 $ 38,716 $ 32,114 $ 81,084 $ 66,536 Basic Earnings Per Common Share $ 1.07 $ 0.98 $ 0.81 $ 2.05 $ 1.69 Diluted Earnings Per Common Share $ 1.06 $ 0.97 $ 0.81 $ 2.03 $ 1.68 Dividends Declared Per Common Share $ 0.70 $ 0.70 $ 0.70 $ 1.40 $ 1.40 Basic Weighted Average Common Shares 39,622,998 39,554,834 39,450,551 39,588,916 39,400,452 Diluted Weighted Average Common Shares 39,895,093 39,876,406 39,618,705 39,888,294 39,618,774

Bank of Hawai‘i Corporation and Subsidiaries Consolidated Statements of Comprehensive Income Table 4 Three Months Ended Six Months Ended June 30, March 31, June 30, June 30, (dollars in thousands) 2025 2025 2024 2025 2024 Net Income $ 47,637 $ 43,985 $ 34,083 $ 91,622 $ 70,474 Other Comprehensive Income, Net of Tax: Net Change in Unrealized Gains on Investment Securities 18,970 24,760 9,052 43,730 21,990 Net Change in Defined Benefit Plans 233 232 168 465 337 Other Comprehensive Income 19,203 24,992 9,220 44,195 22,327 Comprehensive Income $ 66,840 $ 68,977 $ 43,303 $ 135,817 $ 92,801

Bank of Hawai‘i Corporation and Subsidiaries Consolidated Statements of Condition Table 5 June 30, March 31, December 31, June 30, (dollars in thousands, except per share amounts) 2025 2025 2024 2024 Assets Cash and Cash Equivalents $ 768,683 $ 935,200 $ 763,571 $ 925,338 Investment Securities Available-for-Sale 3,111,504 2,887,019 2,689,528 2,298,092 Held-to-Maturity (Fair Value of $3,754,794; $3,823,655; $3,820,882; and $4,002,122) 4,441,353 4,535,108 4,618,543 4,812,954 Loans Held for Sale 1,867 2,640 2,150 2,664 Loans and Leases 14,002,178 14,115,323 14,075,980 13,831,266 Allowance for Credit Losses (148,543 ) (147,707 ) (148,528 ) (147,477 ) Net Loans and Leases 13,853,635 13,967,616 13,927,452 13,683,789 Premises and Equipment, Net 192,221 187,858 184,480 192,319 Operating Lease Right-of-Use Assets 83,594 83,577 80,165 84,757 Accrued Interest Receivable 67,204 67,706 66,367 67,554 Mortgage Servicing Rights 18,362 18,770 19,199 19,954 Goodwill 31,517 31,517 31,517 31,517 Bank-Owned Life Insurance 488,028 481,260 481,184 470,708 Other Assets 651,784 686,785 736,958 711,122 Total Assets $ 23,709,752 $ 23,885,056 $ 23,601,114 $ 23,300,768 Liabilities Deposits Noninterest-Bearing Demand $ 5,424,471 $ 5,493,232 $ 5,423,562 $ 5,371,593 Interest-Bearing Demand 3,855,120 3,775,948 3,784,984 3,928,295 Savings 8,481,328 8,700,143 8,364,916 8,207,902 Time 3,037,995 3,038,894 3,059,575 2,900,712 Total Deposits 20,798,914 21,008,217 20,633,037 20,408,502 Securities Sold Under Agreements to Repurchase 50,000 50,000 100,000 100,490 Other Debt 558,226 558,250 558,274 560,136 Operating Lease Liabilities 92,381 92,267 88,794 93,364 Retirement Benefits Payable 23,528 23,640 23,760 23,142 Accrued Interest Payable 26,732 23,261 34,799 37,278 Other Liabilities 416,864 424,486 494,676 465,007 Total Liabilities 21,966,645 22,180,121 21,933,340 21,687,919 Shareholders’ Equity Preferred Stock (Series A, $.01 par value; authorized 180,000 shares issued and outstanding) 180,000 180,000 180,000 180,000 Preferred Stock (Series B, $.01 par value; authorized 165,000 shares issued and outstanding) 165,000 165,000 165,000 165,000 Common Stock ($.01 par value; authorized 500,000,000 shares; issued / outstanding: June 30, 2025 – 58,775,870 / 39,765,375; March 31, 2025 – 58,765,864 / 39,734,304; December 31, 2024 – 58,765,907 / 39,762,255; and June 30, 2024 – 58,765,907 / 39,729,941) 587 586 585 585 Capital Surplus 655,479 651,374 647,403 639,841 Accumulated Other Comprehensive Loss (299,194 ) (318,397 ) (343,389 ) (374,361 ) Retained Earnings 2,158,450 2,144,326 2,133,838 2,119,140 Treasury Stock, at Cost (Shares: June 30, 2025 – 19,010,495; March 31, 2025 – 19,031,560; December 31, 2024 – 19,003,609; and June 30, 2024 – 19,035,966) (1,117,215 ) (1,117,954 ) (1,115,663 ) (1,117,356 ) Total Shareholders’ Equity 1,743,107 1,704,935 1,667,774 1,612,849 Total Liabilities and Shareholders’ Equity $ 23,709,752 $ 23,885,056 $ 23,601,114 $ 23,300,768

Bank of Hawai‘i Corporation and Subsidiaries Consolidated Statements of Shareholders’ Equity Table 6 Accumulated Preferred Preferred Other Shares Preferred Shares Preferred Common Comprehensive Series A Series A Series B Series B Shares Common Capital Income Retained Treasury (dollars in thousands, except per share amounts) Outstanding Stock Outstanding Stock Outstanding Stock Surplus (Loss) Earnings Stock Total Balance as of December 31, 2024 180,000 $ 180,000 165,000 $ 165,000 39,762,255 $ 585 $ 647,403 $ (343,389 ) $ 2,133,838 $ (1,115,663 ) $ 1,667,774 Net Income – – – – – – – – 91,622 – 91,622 Other Comprehensive Income – – – – – – – 44,195 – – 44,195 Share-Based Compensation – – – – – – 7,517 – – – 7,517 Common Stock Issued under Purchase and Equity Compensation Plans – – – – 55,906 2 559 – – 2,048 2,609 Common Stock Repurchased – – – – (52,786 ) – – – – (3,600 ) (3,600 ) Cash Dividends Declared Common Stock ($1.40 per share) – – – – – – – – (56,472 ) – (56,472 ) Cash Dividends Declared Preferred Stock – – – – – – – – (10,538 ) – (10,538 ) Balance as of June 30, 2025 180,000 $ 180,000 165,000 $ 165,000 39,765,375 $ 587 $ 655,479 $ (299,194 ) $ 2,158,450 $ (1,117,215 ) $ 1,743,107 Balance as of December 31, 2023 180,000 $ 180,000 – $ – 39,753,138 $ 583 $ 636,422 $ (396,688 ) $ 2,107,569 $ (1,113,644 ) $ 1,414,242 Net Income – – – – – – – – 70,474 – 70,474 Other Comprehensive Income – – – – – – – 22,327 – – 22,327 Share-Based Compensation – – – – – – 7,505 – – – 7,505 Preferred Stock Issued, Net – – 165,000 165,000 – – (4,386 ) – – – 160,614 Common Stock Issued under Purchase and Equity Compensation Plans – – – – 57,972 2 300 – 1,152 1,283 2,737 Common Stock Repurchased – – – – (81,169 ) – – – – (4,995 ) (4,995 ) Cash Dividends Declared Common Stock ($1.40 per share) – – – – – – – – (56,117 ) – (56,117 ) Cash Dividends Declared Preferred Stock – – – – – – – – (3,938 ) – (3,938 ) Balance as of June 30, 2024 180,000 $ 180,000 165,000 $ 165,000 39,729,941 $ 585 $ 639,841 $ (374,361 ) $ 2,119,140 $ (1,117,356 ) $ 1,612,849

Bank of Hawai‘i Corporation and Subsidiaries Average Balances and Interest Rates – Taxable-Equivalent Basis 1 Table 7a Three Months Ended Three Months Ended Three Months Ended June 30, 2025 March 31, 2025 June 30, 2024 Average Income / Yield / Average Income / Yield / Average Income / Yield / (dollars in millions) Balance Expense 2 Rate Balance Expense 2 Rate Balance Expense 2 Rate Earning Assets Cash and Cash Equivalents $ 353.7 $ 3.8 4.27 % $ 500.0 $ 5.5 4.37 % $ 460.1 $ 6.1 5.28 % Investment Securities Available-for-Sale Taxable 2,987.2 26.7 3.58 2,790.3 24.1 3.47 2,308.3 21.5 3.73 Non-Taxable 27.4 0.4 5.85 21.3 0.3 5.68 1.6 0.0 2.01 Held-to-Maturity Taxable 4,462.1 19.7 1.77 4,548.6 20.2 1.77 4,837.2 21.4 1.77 Non-Taxable 34.0 0.2 2.10 34.1 0.2 2.09 34.6 0.2 2.10 Total Investment Securities 7,510.7 47.0 2.50 7,394.3 44.8 2.43 7,181.7 43.1 2.40 Loans Held for Sale 2.2 0.0 5.66 2.3 0.0 6.06 1.4 0.0 6.30 Loans and Leases 3 Commercial Mortgage 4,025.2 53.7 5.35 4,015.2 52.5 5.30 3,723.6 51.6 5.57 Commercial and Industrial 1,668.1 21.1 5.07 1,703.7 21.3 5.06 1,692.7 22.4 5.32 Construction 366.2 6.7 7.30 338.5 6.0 7.22 321.3 6.3 7.85 Commercial Lease Financing 93.4 1.0 4.07 91.1 0.9 3.83 59.3 0.3 2.28 Residential Mortgage 4,626.5 45.6 3.95 4,616.7 44.8 3.88 4,595.2 45.6 3.97 Home Equity 2,141.5 23.3 4.37 2,154.4 22.5 4.23 2,231.7 21.8 3.92 Automobile 730.1 9.4 5.19 752.6 9.3 5.02 813.5 9.1 4.52 Other 398.0 7.5 7.53 390.0 7.1 7.41 394.5 6.8 6.95 Total Loans and Leases 14,049.0 168.3 4.80 14,062.2 164.4 4.72 13,831.8 163.9 4.76 Other 65.2 1.1 6.72 65.1 1.1 6.67 62.5 1.2 7.18 Total Earning Assets 21,980.8 220.2 4.01 22,023.9 215.8 3.95 21,537.5 214.3 3.99 Non-Earning Assets 1,616.2 1,614.2 1,607.6 Total Assets $ 23,597.0 $ 23,638.1 $ 23,145.1 Interest-Bearing Liabilities Interest-Bearing Deposits Demand $ 3,705.5 7.6 0.82 $ 3,773.4 7.1 0.76 $ 3,788.5 8.8 0.94 Savings 8,578.6 48.1 2.25 8,544.5 47.1 2.23 8,259.2 52.0 2.53 Time 3,050.0 26.8 3.52 3,037.3 27.5 3.67 2,935.9 30.7 4.20 Total Interest-Bearing Deposits 15,334.1 82.5 2.16 15,355.2 81.7 2.16 14,983.6 91.5 2.46 Securities Sold Under Agreements to Repurchase 50.0 0.5 3.88 76.7 0.7 3.88 121.9 1.2 3.83 Other Debt 558.3 5.9 4.23 578.2 6.1 4.24 563.4 6.0 4.26 Total Interest-Bearing Liabilities 15,942.4 88.9 2.24 16,010.1 88.5 2.24 15,668.9 98.7 2.53 Net Interest Income $ 131.3 $ 127.3 $ 115.6 Interest Rate Spread 1.77 % 1.71 % 1.46 % Net Interest Margin 2.39 % 2.32 % 2.15 % Noninterest-Bearing Demand Deposits 5,365.6 5,314.3 5,374.8 Other Liabilities 584.6 638.1 662.9 Shareholders’ Equity 1,704.4 1,675.6 1,438.5 Total Liabilities and Shareholders’ Equity $ 23,597.0 $ 23,638.1 $ 23,145.1 1 Due to rounding, the amounts presented in this table may not tie to other amounts presented elsewhere in this report. 2 Interest income includes taxable-equivalent basis adjustments, based upon a federal statutory tax rate of 21%, of $1.6 million, $1.5 million, and $774 thousand for the three months ended June 30, 2025, March 31, 2025, and June 30, 2024, respectively. 3 Non-performing loans and leases are included in the respective average loan and lease balances.

Bank of Hawai‘i Corporation and Subsidiaries Average Balances and Interest Rates – Taxable-Equivalent Basis 1 Table 7b Six Months Ended Six Months Ended June 30, 2025 June 30, 2024 Average Income / Yield / Average Income / Yield / (dollars in millions) Balance Expense 2 Rate Balance Expense 2 Rate Earning Assets Cash and Cash Equivalents $ 426.4 $ 9.3 4.33 % $ 460.4 $ 12.3 5.28 % Investment Securities Available-for-Sale Taxable 2,889.3 50.8 3.53 2,344.3 43.2 3.69 Non-Taxable 24.3 0.7 5.77 1.7 0.0 2.00 Held-to-Maturity Taxable 4,505.1 39.8 1.77 4,882.0 43.4 1.78 Non-Taxable 34.1 0.4 2.10 34.7 0.4 2.10 Total Investment Securities 7,452.8 91.7 2.47 7,262.7 87.0 2.40 Loans Held for Sale 2.2 0.1 5.87 1.8 0.1 6.22 Loans and Leases 3 Commercial Mortgage 4,020.3 106.2 5.33 3,720.1 102.1 5.52 Commercial and Industrial 1,685.8 42.3 5.06 1,678.0 44.5 5.33 Construction 352.4 12.7 7.26 314.6 11.8 7.57 Commercial Lease Financing 92.3 1.8 3.95 58.8 0.6 2.08 Residential Mortgage 4,621.6 90.5 3.91 4,622.6 90.7 3.92 Home Equity 2,147.9 45.8 4.30 2,240.9 42.9 3.85 Automobile 741.3 18.8 5.10 822.2 18.0 4.41 Other 394.0 14.6 7.47 393.1 13.3 6.80 Total Loans and Leases 14,055.6 332.7 4.76 13,850.3 323.9 4.70 Other 65.2 2.1 6.70 62.4 2.0 6.70 Total Earning Assets 22,002.2 435.9 3.98 21,637.6 425.3 3.94 Non-Earning Assets 1,615.2 1,575.7 Total Assets $ 23,617.4 $ 23,213.3 Interest-Bearing Liabilities Interest-Bearing Deposits Demand $ 3,739.2 14.7 0.79 $ 3,776.3 16.5 0.88 Savings 8,561.7 95.2 2.24 8,195.3 101.4 2.49 Time 3,043.7 54.3 3.60 3,008.5 62.7 4.19 Total Interest-Bearing Deposits 15,344.6 164.2 2.16 14,980.1 180.6 2.42 Securities Sold Under Agreements to Repurchase 63.3 1.2 3.88 136.2 2.6 3.81 Other Debt 568.2 11.9 4.23 561.8 11.9 4.25 Total Interest-Bearing Liabilities 15,976.1 177.3 2.24 15,678.1 195.1 2.50 Net Interest Income $ 258.6 $ 230.2 Interest Rate Spread 1.74 % 1.44 % Net Interest Margin 2.36 % 2.13 % Noninterest-Bearing Demand Deposits 5,340.1 5,470.9 Other Liabilities 611.1 637.0 Shareholders’ Equity 1,690.1 1,427.3 Total Liabilities and Shareholders’ Equity $ 23,617.4 $ 23,213.3 1 Due to rounding, the amounts presented in this table may not tie to other amounts presented elsewhere in this report. 2 Interest income includes taxable-equivalent basis adjustments, based upon a federal statutory tax rate of 21%, of $3.1 million and $1.5 million for the six months ended June 30, 2025 and June 30, 2024, respectively. 3 Non-performing loans and leases are included in the respective average loan and lease balances.

Bank of Hawai‘i Corporation and Subsidiaries Analysis of Change in Net Interest Income – Taxable-Equivalent Basis Table 8a Three Months Ended June 30, 2025 Compared to March 31, 2025 (dollars in millions) Volume 1 Rate 1 Total Change in Interest Income: Cash and Cash Equivalents $ (1.6 ) $ (0.1 ) $ (1.7 ) Investment Securities Available-for-Sale Taxable 1.8 0.8 2.6 Non-Taxable 0.1 0.0 0.1 Held-to-Maturity Taxable (0.4 ) (0.1 ) (0.5 ) Non-Taxable 0.0 0.0 0.0 Total Investment Securities 1.5 0.7 2.2 Loans Held for Sale 0.0 0.0 0.0 Loans and Leases Commercial Mortgage 0.2 1.0 1.2 Commercial and Industrial (0.2 ) 0.0 (0.2 ) Construction 0.6 0.1 0.7 Commercial Lease Financing 0.1 0.0 0.1 Residential Mortgage 0.1 0.7 0.8 Home Equity (0.1 ) 0.9 0.8 Automobile (0.2 ) 0.3 0.1 Other 0.2 0.2 0.4 Total Loans and Leases 0.7 3.2 3.9 Other 0.0 0.0 0.0 Total Change in Interest Income 0.6 3.8 4.4 Change in Interest Expense: Interest-Bearing Deposits Demand (0.1 ) 0.6 0.5 Savings 0.4 0.6 1.0 Time 0.2 (0.9 ) (0.7 ) Total Interest-Bearing Deposits 0.5 0.3 0.8 Securities Sold Under Agreements to Repurchase (0.3 ) 0.1 (0.2 ) Other Debt (0.2 ) 0.0 (0.2 ) Total Change in Interest Expense 0.0 0.4 0.4 Change in Net Interest Income $ 0.6 $ 3.4 $ 4.0 1 The change in interest income and expense due to both volume and rate has been allocated between the factors in proportion to the relationship of the absolute dollar amounts of the change in each.

Bank of Hawai‘i Corporation and Subsidiaries Analysis of Change in Net Interest Income – Taxable-Equivalent Basis Table 8b Three Months Ended June 30, 2025 Compared to June 30, 2024 (dollars in millions) Volume 1 Rate 1 Total Change in Interest Income: Cash and Cash Equivalents $ (1.3 ) $ (1.0 ) $ (2.3 ) Investment Securities Available-for-Sale Taxable 6.1 (0.9 ) 5.2 Non-Taxable 0.4 0.0 0.4 Held-to-Maturity Taxable (1.7 ) (0.1 ) (1.8 ) Non-Taxable 0.0 – 0.0 Total Investment Securities 4.8 (1.0 ) 3.8 Loans Held for Sale 0.0 0.0 0.0 Loans and Leases Commercial Mortgage 4.2 (2.1 ) 2.1 Commercial and Industrial (0.3 ) (1.0 ) (1.3 ) Construction 0.9 (0.5 ) 0.4 Commercial Lease Financing 0.5 0.2 0.7 Residential Mortgage 0.3 (0.3 ) 0.0 Home Equity (0.9 ) 2.4 1.5 Automobile (1.0 ) 1.3 0.3 Other 0.1 0.6 0.7 Total Loans and Leases 3.8 0.6 4.4 Other 0.2 (0.3 ) (0.1 ) Total Change in Interest Income 7.5 (1.7 ) 5.8 Change in Interest Expense: Interest-Bearing Deposits Demand (0.2 ) (1.0 ) (1.2 ) Savings 2.0 (5.9 ) (3.9 ) Time 1.2 (5.1 ) (3.9 ) Total Interest-Bearing Deposits 3.0 (12.0 ) (9.0 ) Securities Sold Under Agreements to Repurchase (0.7 ) 0.0 (0.7 ) Other Debt 0.0 (0.1 ) (0.1 ) Total Change in Interest Expense 2.3 (12.1 ) (9.8 ) Change in Net Interest Income $ 5.2 $ 10.4 $ 15.6 1 The change in interest income and expense due to both volume and rate has been allocated between the factors in proportion to the relationship of the absolute dollar amounts of the change in each.

Bank of Hawai‘i Corporation and Subsidiaries Analysis of Change in Net Interest Income – Taxable-Equivalent Basis Table 8c Six Months Ended June 30, 2025 Compared to June 30, 2024 (dollars in millions) Volume 1 Rate 1 Total Change in Interest Income: Cash and Cash Equivalents $ (0.9 ) $ (2.1 ) $ (3.0 ) Investment Securities Available-for-Sale Taxable 9.6 (2.0 ) 7.6 Non-Taxable 0.6 0.1 0.7 Held-to-Maturity Taxable (3.3 ) (0.3 ) (3.6 ) Non-Taxable 0.0 – 0.0 Total Investment Securities 6.9 (2.2 ) 4.7 Loans Held for Sale 0.0 0.0 0.0 Loans and Leases Commercial Mortgage 7.8 (3.7 ) 4.1 Commercial and Industrial 0.2 (2.4 ) (2.2 ) Construction 1.4 (0.5 ) 0.9 Commercial Lease Financing 0.9 0.3 1.2 Residential Mortgage 0.0 (0.2 ) (0.2 ) Home Equity (1.9 ) 4.8 2.9 Automobile (1.8 ) 2.6 0.8 Other 0.0′ 1.3 1.3 Total Loans and Leases 6.6 2.2 8.8 Other 0.1 0.0 0.1 Total Change in Interest Income 12.7 (2.1 ) 10.6 Change in Interest Expense: Interest-Bearing Deposits Demand (0.2 ) (1.6 ) (1.8 ) Savings 4.3 (10.5 ) (6.2 ) Time 0.7 (9.1 ) (8.4 ) Total Interest-Bearing Deposits 4.8 (21.2 ) (16.4 ) Securities Sold Under Agreements to Repurchase (1.4 ) 0.0 (1.4 ) Other Debt 0.1 (0.1 ) 0.0 Total Change in Interest Expense 3.5 (21.3 ) (17.8 ) Change in Net Interest Income $ 9.2 $ 19.2 $ 28.4 1 The change in interest income and expense due to both volume and rate has been allocated between the factors in proportion to the relationship of the absolute dollar amounts of the change in each.

Bank of Hawai‘i Corporation and Subsidiaries Salaries and Benefits Table 9 Three Months Ended Six Months Ended June 30, March 31, June 30, June 30, (dollars in thousands) 2025 2025 2024 2025 2024 Salaries $ 39,644 $ 38,242 $ 38,662 $ 77,886 $ 76,693 Incentive Compensation 5,067 5,573 3,109 10,640 6,199 Retirement and Other Benefits 3,894 5,061 3,961 8,955 8,260 Share-Based Compensation 3,668 3,501 3,296 7,169 7,095 Medical, Dental, and Life Insurance 3,610 4,537 3,211 8,147 6,423 Payroll Taxes 2,998 4,766 3,070 7,764 7,800 Separation Expense 1,374 81 785 1,455 1,267 Commission Expense 1,053 1,123 939 2,176 1,511 Total Salaries and Benefits $ 61,308 $ 62,884 $ 57,033 $ 124,192 $ 115,248

Bank of Hawai‘i Corporation and Subsidiaries Loan and Lease Portfolio Balances Table 10 June 30, March 31, December 31, September 30, June 30, (dollars in thousands) 2025 2025 2024 2024 2024 Commercial Commercial Mortgage $ 4,038,956 $ 4,038,287 $ 4,020,622 $ 3,868,566 $ 3,741,140 Commercial and Industrial 1,597,560 1,703,290 1,705,133 1,681,693 1,699,438 Construction 374,768 363,716 308,898 319,150 315,571 Lease Financing 92,842 92,456 90,756 60,665 59,388 Total Commercial 6,104,126 6,197,749 6,125,409 5,930,074 5,815,537 Consumer Residential Mortgage 4,637,014 4,630,876 4,628,283 4,622,677 4,595,586 Home Equity 2,139,025 2,144,955 2,165,514 2,195,844 2,221,073 Automobile 715,688 740,390 764,146 786,910 806,240 Other 406,325 401,353 392,628 383,078 392,830 Total Consumer 7,898,052 7,917,574 7,950,571 7,988,509 8,015,729 Total Loans and Leases $ 14,002,178 $ 14,115,323 $ 14,075,980 $ 13,918,583 $ 13,831,266 Deposits June 30, March 31, December 31, September 30, June 30, (dollars in thousands) 2025 2025 2024 2024 2024 Consumer $ 10,429,271 $ 10,522,627 $ 10,397,777 $ 10,340,466 $ 10,382,432 Commercial 8,243,898 8,411,838 8,299,590 8,356,239 7,995,618 Public and Other 2,125,745 2,073,752 1,935,670 2,281,617 2,030,452 Total Deposits $ 20,798,914 $ 21,008,217 $ 20,633,037 $ 20,978,322 $ 20,408,502 Average Deposits Three Months Ended June 30, March 31, December 31, September 30, June 30, (dollars in thousands) 2025 2025 2024 2024 2024 Consumer $ 10,435,867 $ 10,408,747 $ 10,327,928 $ 10,345,772 $ 10,379,724 Commercial 8,316,893 8,318,182 8,564,213 8,207,310 8,188,685 Public and Other 1,946,933 1,942,610 1,864,541 1,931,309 1,789,984 Total Deposits $ 20,699,693 $ 20,669,539 $ 20,756,682 $ 20,484,391 $ 20,358,393

Bank of Hawai‘i Corporation and Subsidiaries Non-Performing Assets and Accruing Loans and Leases Past Due 90 Days or More Table 11 June 30, March 31, December 31, September 30, June 30, (dollars in thousands) 2025 2025 2024 2024 2024 Non-Performing Assets Non-Accrual Loans and Leases Commercial Commercial Mortgage $ 2,566 $ 2,195 $ 2,450 $ 2,680 $ 2,601 Commercial and Industrial 3,744 3,451 4,627 6,218 3,681 Total Commercial 6,310 5,646 7,077 8,898 6,282 Consumer Residential Mortgage 5,842 4,686 5,052 4,269 2,998 Home Equity 5,387 5,759 4,514 3,947 3,227 Total Consumer 11,229 10,445 9,566 8,216 6,225 Total Non-Accrual Loans and Leases 17,539 16,091 16,643 17,114 12,507 Foreclosed Real Estate 342 1,360 2,657 2,667 2,672 Total Non-Performing Assets $ 17,881 $ 17,451 $ 19,300 $ 19,781 $ 15,179 Accruing Loans and Leases Past Due 90 Days or More Consumer Residential Mortgage $ 9,070 $ 3,895 $ 3,984 $ 4,421 $ 4,524 Home Equity 1,867 2,228 2,845 1,980 2,025 Automobile 680 486 776 580 568 Other 630 943 677 554 733 Total Consumer 12,247 7,552 8,282 7,535 7,850 Total Accruing Loans and Leases Past Due 90 Days or More $ 12,247 $ 7,552 $ 8,282 $ 7,535 $ 7,850 Total Loans and Leases $ 14,002,178 $ 14,115,323 $ 14,075,980 $ 13,918,583 $ 13,831,266 Ratio of Non-Accrual Loans and Leases to Total Loans and Leases 0.13 % 0.11 % 0.12 % 0.12 % 0.09 % Ratio of Non-Performing Assets to Total Loans and Leases and Foreclosed Real Estate 0.13 % 0.12 % 0.14 % 0.14 % 0.11 % Ratio of Non-Performing Assets to Total Assets 0.08 % 0.07 % 0.08 % 0.08 % 0.07 % Ratio of Commercial Non-Performing Assets to Total Commercial Loans and Leases and Commercial Foreclosed Real Estate 0.10 % 0.09 % 0.12 % 0.15 % 0.11 % Ratio of Consumer Non-Performing Assets to Total Consumer Loans and Leases and Consumer Foreclosed Real Estate 0.15 % 0.15 % 0.15 % 0.14 % 0.11 % Ratio of Non-Performing Assets and Accruing Loans and Leases Past Due 90 Days or More to Total Loans and Leases and Foreclosed Real Estate 0.22 % 0.18 % 0.20 % 0.20 % 0.17 % Quarter to Quarter Changes in Non-Performing Assets Balance at Beginning of Quarter $ 17,451 $ 19,300 $ 19,781 $ 15,179 $ 11,838 Additions 1 3,522 2,209 2,198 5,557 5,257 Reductions Payments (1,424 ) (1,212 ) (708 ) (734 ) (844 ) Return to Accrual Status (574 ) (244 ) (476 ) (81 ) (1,018 ) Sales of Foreclosed Real Estate (1,040 ) (1,492 ) – – – Charge-offs / Write-downs 1 (54 ) (1,110 ) (1,495 ) (140 ) (54 ) Total Reductions (3,092 ) (4,058 ) (2,679 ) (955 ) (1,916 ) Balance at End of Quarter $ 17,881 $ 17,451 $ 19,300 $ 19,781 $ 15,179 1 Excludes loans that are fully charged-off and place on non-accrual status during the same period.

Bank of Hawai‘i Corporation and Subsidiaries Reserve for Credit Losses Table 12 Three Months Ended Six Months Ended June 30, March 31, June 30, June 30, (dollars in thousands) 2025 2025 2024 2025 2024 Balance at Beginning of Period $ 149,496 $ 150,649 $ 152,148 $ 150,649 $ 152,429 Loans and Leases Charged-Off Commercial Commercial and Industrial (206 ) (1,399 ) (875 ) (1,605 ) (1,235 ) Consumer Residential Mortgage – – (48 ) – (48 ) Home Equity (155 ) (75 ) (202 ) (230 ) (237 ) Automobile (1,253 ) (1,751 ) (1,095 ) (3,004 ) (2,143 ) Other (2,397 ) (2,484 ) (2,610 ) (4,881 ) (4,922 ) Total Loans and Leases Charged-Off (4,011 ) (5,709 ) (4,830 ) (9,720 ) (8,585 ) Recoveries on Loans and Leases Previously Charged-Off Commercial Commercial and Industrial 78 77 263 155 379 Consumer Residential Mortgage 11 11 63 22 105 Home Equity 180 128 113 308 297 Automobile 557 633 481 1,190 1,007 Other 567 457 517 1,024 1,123 Total Recoveries on Loans and Leases Previously Charged-Off 1,393 1,306 1,437 2,699 2,911 Net Charged-Off Loans and Leases (2,618 ) (4,403 ) (3,393 ) (7,021 ) (5,674 ) Provision for Credit Losses: Loans and Leases 3,454 3,582 3,206 7,036 6,748 Unfunded Commitments (204 ) (332 ) (806 ) (536 ) (2,348 ) Total Provision for Credit Losses 3,250 3,250 2,400 6,500 4,400 Balance at End of Period $ 150,128 $ 149,496 $ 151,155 $ 150,128 $ 151,155 Components Allowance for Credit Losses – Loans and Leases $ 148,543 $ 147,707 $ 147,477 $ 148,543 $ 147,477 Reserve for Unfunded Commitments 1,585 1,789 3,678 1,585 3,678 Total Reserve for Credit Losses $ 150,128 $ 149,496 $ 151,155 $ 150,128 $ 151,155 Average Loans and Leases Outstanding $ 14,049,025 $ 14,062,173 $ 13,831,797 $ 14,055,563 $ 13,850,299 Ratio of Net Loans and Leases Charged-Off to Average Loans and Leases Outstanding (annualized) 0.07 % 0.13 % 0.10 % 0.10 % 0.08 % Ratio of Allowance for Credit Losses to Loans and Leases Outstanding 1 1.06 % 1.05 % 1.07 % 1.06 % 1.07 % 1 The numerator comprises the Allowance for Credit Losses – Loans and Leases.

Bank of Hawai‘i Corporation and Subsidiaries Business Segments Selected Financial Information Table 13a Consumer Commercial Treasury Consolidated (dollars in thousands) Banking Banking and Other Total Three Months Ended June 30, 2025 Net Interest Income (Expense) $ 95,339 $ 53,949 $ (19,605 ) $ 129,683 Provision for (Recapture of) Credit Losses 2,619 (1 ) 632 3,250 Net Interest Income (Expense) After Provision for Credit Losses 92,720 53,950 (20,237 ) 126,433 Noninterest Income 33,981 6,164 4,650 44,795 Salaries and Benefits 21,032 4,937 35,339 61,308 Net Occupancy 7,142 402 2,955 10,499 Other Noninterest Expense 58,629 13,535 (33,188 ) 38,976 Noninterest Expense 86,803 18,874 5,106 110,783 Income (Loss) Before Provision for Income Taxes 39,898 41,240 (20,693 ) 60,445 Provision (Benefit) for Income Taxes 10,161 10,546 (7,899 ) 12,808 Net Income (Loss) $ 29,737 $ 30,694 $ (12,794 ) $ 47,637 Total Assets as of June 30, 2025 $ 8,228,766 $ 6,139,748 $ 9,341,238 $ 23,709,752 Three Months June 30, 2024 1 Net Interest Income (Expense) $ 98,205 $ 50,885 $ (34,244 ) $ 114,846 Provision for (Recapture of) Credit Losses 2,873 473 (946 ) 2,400 Net Interest Income (Expense) After Provision for Credit Losses 95,332 50,412 (33,298 ) 112,446 Noninterest Income 33,653 6,698 1,736 42,087 Salaries and Benefits 20,157 5,085 31,791 57,033 Net Occupancy 6,748 421 3,390 10,559 Other Noninterest Expense 60,106 12,504 (30,976 ) 41,634 Noninterest Expense 87,011 18,010 4,205 109,226 Income (Loss) Before Provision for Income Taxes 41,974 39,100 (35,767 ) 45,307 Provision (Benefit) for Income Taxes 10,685 9,887 (9,348 ) 11,224 Net Income (Loss) $ 31,289 $ 29,213 $ (26,419 ) $ 34,083 Total Assets as of June 30, 2024 $ 8,357,830 $ 5,835,399 $ 9,107,539 $ 23,300,768 1 Certain prior period information has been reclassified to conform to current presentation.

Bank of Hawai‘i Corporation and Subsidiaries Business Segments Selected Financial Information Table 13b Consumer Commercial Treasury Consolidated (dollars in thousands) Banking Banking and Other Total Six Months Ended June 30, 2025 Net Interest Income (Expense) $ 190,963 $ 109,523 $ (44,996 ) $ 255,490 Provision for (Recapture of) Credit Losses 5,914 1,107 (521 ) 6,500 Net Interest Income (Expense) After Provision for Credit Losses 185,049 108,416 (44,475 ) 248,990 Noninterest Income 67,479 13,898 7,476 88,853 Salaries and Benefits 42,137 10,297 71,758 124,192 Net Occupancy 14,209 802 6,047 21,058 Other Noninterest Expense 116,831 27,417 (68,256 ) 75,992 Noninterest Expense 173,177 38,516 9,549 221,242 Income (Loss) Before Provision for Income Taxes 79,351 83,798 (46,548 ) 116,601 Provision (Benefit) for Income Taxes 20,162 21,415 (16,598 ) 24,979 Net Income (Loss) $ 59,189 $ 62,383 $ (29,950 ) $ 91,622 Total Assets as of June 30, 2025 $ 8,228,766 $ 6,139,748 $ 9,341,238 $ 23,709,752 Six Months Ended June 30, 2024 1 Net Interest Income (Expense) $ 195,199 $ 102,378 $ (68,793 ) $ 228,784 Provision for (Recapture of) Credit Losses 5,160 467 (1,227 ) 4,400 Net Interest Income (Expense) After Provision for Credit Losses 190,039 101,911 (67,566 ) 224,384 Noninterest Income 65,635 13,492 5,245 84,372 Salaries and Benefits 41,074 10,601 63,573 115,248 Net Occupancy 13,612 868 6,535 21,015 Other Noninterest Expense 115,030 25,184 (61,392 ) 78,822 Noninterest Expense 169,716 36,653 8,716 215,085 Income (Loss) Before Provision for Income Taxes 85,958 78,750 (71,037 ) 93,671 Provision (Benefit) for Income Taxes 21,865 19,895 (18,563 ) 23,197 Net Income (Loss) $ 64,093 $ 58,855 $ (52,474 ) $ 70,474 Total Assets as of June 30, 2024 $ 8,357,830 $ 5,835,399 $ 9,107,539 $ 23,300,768 1 Certain prior period information has been reclassified to conform to current presentation.

Bank of Hawai‘i Corporation and Subsidiaries Selected Quarterly Financial Data Table 14 Three Months Ended June 30, March 31, December 31, September 30, June 30, (dollars in thousands, except per share amounts) 2025 2025 2024 2024 2024 Quarterly Operating Results Interest Income Interest and Fees on Loans and Leases $ 166,779 $ 163,082 $ 164,785 $ 166,286 $ 163,208 Income on Investment Securities Available-for-Sale 27,007 24,368 23,223 23,257 21,468 Held-to-Maturity 19,835 20,291 20,677 21,107 21,595 Cash and Cash Equivalents 3,817 5,460 9,425 8,980 6,139 Other 1,097 1,085 1,107 1,018 1,120 Total Interest Income 218,535 214,286 219,217 220,648 213,530 Interest Expense Deposits 82,476 81,692 92,099 96,067 91,542 Securities Sold Under Agreements to Repurchase 491 744 992 993 1,180 Other Debt 5,885 6,043 5,948 5,970 5,962 Total Interest Expense 88,852 88,479 99,039 103,030 98,684 Net Interest Income 129,683 125,807 120,178 117,618 114,846 Provision for Credit Losses 3,250 3,250 3,750 3,000 2,400 Net Interest Income After Provision for Credit Losses 126,433 122,557 116,428 114,618 112,446 Noninterest Income Fees, Exchange, and Other Service Charges 14,383 14,437 14,399 14,945 13,769 Trust and Asset Management 12,097 11,741 12,157 11,916 12,223 Service Charges on Deposit Accounts 8,119 8,259 8,678 8,075 7,730 Bank-Owned Life Insurance 3,714 3,611 3,283 3,533 3,396 Annuity and Insurance 1,437 1,555 1,347 1,460 1,583 Mortgage Banking 849 988 942 1,188 1,028 Investment Securities Losses, Net (1,126 ) (1,607 ) (3,306 ) (1,103 ) (1,601 ) Other 5,322 5,074 5,547 5,096 3,959 Total Noninterest Income 44,795 44,058 43,047 45,110 42,087 Noninterest Expense Salaries and Benefits 61,308 62,884 58,690 58,626 57,033 Net Occupancy 10,499 10,559 10,263 10,806 10,559 Net Equipment 9,977 10,192 10,308 10,120 10,355 Data Processing 5,456 5,267 5,313 4,712 4,745 Professional Fees 4,263 4,264 4,988 4,725 4,929 FDIC Insurance 3,640 1,642 3,711 3,355 7,170 Other 15,640 15,651 14,658 14,748 14,435 Total Noninterest Expense 110,783 110,459 107,931 107,092 109,226 Income Before Provision for Income Taxes 60,445 56,156 51,544 52,636 45,307 Provision for Income Taxes 12,808 12,171 12,382 12,278 11,224 Net Income $ 47,637 $ 43,985 $ 39,162 $ 40,358 $ 34,083 Preferred Stock Dividends 5,269 5,269 5,269 3,436 1,969 Net Income Available to Common Shareholders $ 42,368 $ 38,716 $ 33,893 $ 36,922 $ 32,114 Basic Earnings Per Common Share $ 1.07 $ 0.98 $ 0.86 $ 0.94 $ 0.81 Diluted Earnings Per Common Share $ 1.06 $ 0.97 $ 0.85 $ 0.93 $ 0.81 Balance Sheet Totals Loans and Leases $ 14,002,178 $ 14,115,323 $ 14,075,980 $ 13,918,583 $ 13,831,266 Total Assets 23,709,752 23,885,056 23,601,114 23,799,174 23,300,768 Total Deposits 20,798,914 21,008,217 20,633,037 20,978,322 20,408,502 Total Shareholders’ Equity 1,743,107 1,704,935 1,667,774 1,665,474 1,612,849 Performance Ratios Return on Average Assets 0.81 % 0.75 % 0.66 % 0.69 % 0.59 % Return on Average Shareholders’ Equity 11.21 10.65 9.42 9.90 9.53 Return on Average Common Equity 12.50 11.80 10.30 11.50 10.41 Efficiency Ratio 1 63.49 65.03 66.12 65.81 69.60 Net Interest Margin 2 2.39 2.32 2.19 2.18 2.15 1 Efficiency ratio is defined as noninterest expense divided by total revenue (net interest income and total noninterest income). 2 Net interest margin is defined as net interest income, on a taxable-equivalent basis, as a percentage of average earning assets.

Bank of Hawai‘i Corporation and Subsidiaries Hawaii Economic Trends Table 15 Five Months Ended Year Ended (dollars in millions, jobs in thousands, 1-year percentage change) May 31, 2025 December 31, 2024 December 31, 2023 Hawaii Economic Trends State General Fund Revenues 1 $ 4,053.8 (3.4 ) % $ 10,124.9 6.5 % $ 9,504.1 0.7 % General Excise and Use Tax Revenue 1 2,037.7 6.5 4,495.0 0.5 4,474.1 4.9 Jobs 2 669.3 661.6 657.7 June 30, December 31, 2025 2024 2023 Unemployment, seasonally adjusted 2 Statewide 2.8 % 3.0 % 3.0 % Honolulu County 2.7 2.9 2.5 Hawaii County 3.3 3.4 2.9 Maui County 3.0 3.7 5.8 Kauai County 2.5 3.0 2.5 June 30, December 31, (1-year percentage change, except months of inventory) 2025 2024 2023 2022 Housing Trends (Single Family Oahu) 3 Median Home Price 6.0 % 4.8 % (5.0 ) % 11.6 % Home Sales Volume (units) (2.1 ) % 9.1 % (26.3 ) % (23.2 ) % Months of Inventory 3.7 2.9 2.8 2.1 Monthly Visitor Arrivals, Percentage Change (in thousands, except percentage change) Not Seasonally Adjusted from Previous Year Tourism 4 May 31, 2025 766.4 1.1 % April 30, 2025 810.3 9.4 March 31, 2025 890.0 2.8 February 28, 2025 739.7 (1.7 ) January 31, 2025 773.1 3.7 December 31, 2024 892.0 5.3 November 30, 2024 762.7 5.7 October 31, 2024 739.0 5.5 September 30, 2024 688.8 6.3 August 31, 2024 819.2 6.9 July 31, 2024 925.3 (0.5 ) June 30, 2024 872.6 (1.5 ) May 31, 2024 757.8 (4.1 ) April 30, 2024 740.7 (8.1 ) March 31, 2024 865.8 (3.0 ) February 29, 2024 752.7 2.6 January 31, 2024 745.6 (3.8 ) December 31, 2023 847.3 (1.3 ) November 30, 2023 721.3 0.3 October 31, 2023 700.4 (3.7 ) September 30, 2023 648.1 (6.4 ) August 31, 2023 766.6 (7.6 ) July 31, 2023 930.2 1.3 June 30, 2023 886.0 5.3 May 31, 2023 790.5 2.1 1 Source: Hawaii Department of Business, Economic Development & Tourism 2 Source: U.S. Bureau of Labor Statistics 3 Source: Honolulu Board of Realtors 4 Source: Hawaii Tourism Authority

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