Bank of Hawaii repurchased 216K shares for $17M in Q2 2026

$88.9M remains available under existing buyback authorization as of June 30, 2026.

What the filing says

Bank of Hawai'i Corporation (NYSE: BOH) repurchased 216,000 shares of common stock at a total cost of $17.0 million during the second quarter of 2026, the company reported in its quarterly earnings release filed on July 27, 2026. The repurchases were conducted under the company's existing share repurchase program.

As of June 30, 2026, total remaining buyback authority under the share repurchase program was $88.9 million. The execution mechanism for these purchases was not specified in the filing. The repurchases contributed to a decrease in the company's Tier 1 Capital Ratio to 14.45% at June 30, 2026, from 14.49% at December 31, 2025, though the ratio remains well above regulatory well-capitalized minimums.

The buyback activity occurred during a quarter in which Bank of Hawai'i reported net income of $63.8 million and diluted earnings per share of $1.47, up 13% and 13% respectively from the prior quarter. The company also declared a quarterly cash dividend of $0.70 per share, underscoring its balanced capital allocation approach.

The Company repurchased 216 thousand shares of common stock at a total cost of $17.0 million under the share repurchase program in the second quarter of 2026. Total remaining buyback authority under the share repurchase program was $88.9 million at June 30, 2026. — BANK OF HAWAII CORP 8-K filing  ·  View on SEC EDGAR →

What this means

Bank of Hawai'i's $17 million share repurchase in Q2 2026 reduced common share count by approximately 0.5%, supporting per-share earnings even as net income grew. The $88.9 million in remaining authorization provides flexibility for future capital returns over an unspecified period. The buyback did modestly pressure the Tier 1 Capital Ratio, which declined 4 basis points from year-end 2025, though the ratio remains substantially above regulatory minimums. The company's concurrent dividend of $0.70 per share reflects a measured capital allocation strategy focused on both distributions and modest equity repurchases.

Frequently asked questions

Why did Bank of Hawai'i repurchase shares while capital ratios are declining?

The company's Tier 1 Capital Ratio of 14.45% remains well above the regulatory well-capitalized minimum, providing ample cushion for both buybacks and organic growth. Management stated the repurchases reflect 'disciplined balance sheet management' in the context of strong profitability and capital generation.

What was the average price paid per share in Q2 2026?

Based on 216,000 shares repurchased for $17.0 million, the implied average price was approximately $78.70 per share. The stock's closing price at quarter-end was $81.49, suggesting purchases occurred at a discount to the period-end price.

How much buyback authorization remains?

Bank of Hawai'i had $88.9 million in remaining buyback authority as of June 30, 2026. The filing does not specify an expiration date for this authorization or the total original program size.

Does the filing disclose the buyback execution mechanism?

No. The filing reports the share count and dollar amount repurchased but does not specify whether purchases occurred under Rule 10b-18 open-market purchases, a 10b5-1 plan, or another mechanism.

How do these repurchases compare to the company's dividend?

In Q2 2026, Bank of Hawai'i repurchased $17.0 million in stock while paying a quarterly dividend of $0.70 per share (approximately $27.6 million based on ~39.4 million shares outstanding), demonstrating a balanced, dividend-weighted capital allocation strategy.

Did the repurchases materially impact earnings per share?

The 216,000 share reduction (0.5% of shares outstanding) provided modest accretion to diluted EPS. While the filing does not quantify the specific EPS impact, the buyback contributed to the company's strong per-share earnings growth amid positive operational trends.