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h Bank of Hawaii Corporation Media Inquiries Melissa Torres - Laing Email : Melissa.Torres-Laing@boh.com Telephone : 808-694-8384 Mobile : 808-859-1703 News Release Investor / Analyst Inquiries Janelle Higa Email : Janelle.Higa@boh.com Telephone : 808-694-8007 NYSE : BOH Bank of Hawaii Corporation Second Quarter 2021 Financial Results • Diluted Earnings Per Common Share $ 1.68 • Net Income $ 67.5 Million . Board of Directors Declares Dividend of $ 0.70 Per Share FOR IMMEDIATE RELEASE HONOLULU , HI ( July 26 , 2021 ) -- Bank of Hawaii Corporation ( NYSE : BOH ) today reported diluted earnings per common share of $ 1.68 for the second quarter of 2021 , compared with diluted earnings per common share of $ 1.50 in the previous quarter and $ 0.98 in the same quarter last year . Net income for the second quarter of 2021 was $ 67.5 million compared with net income of $ 59.9 million in the first quarter of 2021 and $ 38.9 million in the second quarter of 2020 . " Bank of Hawaii Corporation continued to perform well during the second quarter of 2021 , " said Peter Ho , Chairman , President , and CEO . “ Core loans and deposits continue to grow , and asset quality remains solid . We are also pleased with the success of our inaugural preferred stock issuance in June , which enhances the strength of our balance sheet and positions us well for future growth . " The return on average assets for the second quarter of 2021 was 1.23 percent compared with 1.15 percent during the previous quarter and 0.82 percent in the same quarter last year . The return on average common equity for the second quarter of 2021 was 19.60 percent compared with 17.65 percent during the previous quarter and 11.58 percent in the same quarter last year . For the six - month period ended June 30 , 2021 , net income was $ 127.5 million , up from net income of $ 73.7 million during the same period last year . Diluted earnings per common share were $ 3.18 for the first half of 2021 compared with diluted earnings per common share of $ 1.85 for the first half of 2020 . The return on average assets for the six - month period ended June 30 , 2021 was 1.19 percent compared with the return on average assets of 0.79 percent for the same six - month period in 2020. The return on average common equity was 18.63 percent for the first half of 2021 compared with the return on average common equity of 11.11 percent for the first half of 2020 . - more - 130 Merchant Street PO Box 2900 Honolulu HI 96846-6000 ■ Fax 808-694-8440 Website www.boh.com