Bank of Hawaii (BOH) AGM 2026 summary

Opening remarks and agenda

• Meeting called to order at 8:30 A.M. with all directors and management present by phone.

• Agenda included election of directors, advisory vote on executive compensation, and ratification of the accounting firm.

• Voting instructions and meeting rules were provided to shareholders.

Board and executive committee updates

• Introduction of the board of directors and senior management, including new roles.

• Recognition of Peter Ho's retirement after 16 years as Chairman and CEO.

• James Polk began tenure as CEO and director, expressing optimism for the future.

• Brad Satenberg promoted to Vice Chair and CFO in July 2025, following Dean Shigemura's retirement.

Financial performance review

• Diluted earnings per share reached $4.63 for 2025, with net income of $206 million.

• Assets ended at $24.2 billion; deposits and loans grew to $21.2 billion and $14.1 billion, respectively.

• Consistent growth in net interest income and margin throughout 2025.

• Maintained strong asset quality, liquidity, and disciplined expense management.

• Repurchased five million shares in Q4 2025.