Bank of Hawaii Corp Approves New Director Plan

Bank of Hawaii Corporation (NYSE:BOH) has announced the approval of the 2025 Director Stock Compensation Plan (the "2025 Plan") during its annual meeting held on April 25, 2025. The plan, which was previously approved by the company’s board of directors, allows for the granting of non-qualified stock options, restricted stock, restricted stock units, dividends, and dividend equivalents to non-employee directors.

The 2025 Plan was detailed in the company’s proxy statement filed on March 14, 2025, and the full text of the plan was filed as Exhibit 10.1, incorporated by reference into this report. Additionally, the compensation committee adopted a form of restricted stock award agreement under the 2025 Plan on April 24, 2025. For deeper insights into BOH’s governance and financial metrics, InvestingPro subscribers can access the comprehensive Pro Research Report, part of the analysis available for over 1,400 US stocks.

At the annual meeting, shareholders also cast their votes on several key matters, including the election of directors, with all nominees receiving a majority of votes for their election. An advisory vote on executive compensation and the ratification of Ernst & Young LLP as the company’s independent registered public accounting firm for the fiscal year ending December 31, 2025, were also approved by shareholders.

The filing confirms that these actions are in accordance with the requirements of the Securities Exchange Act of 1934. The information provided is based on a press release statement and the 8-K filing with the Securities and Exchange Commission.

In other recent news, Bank of Hawaii reported its first-quarter 2025 earnings, surpassing analyst expectations with an earnings per share (EPS) of $0.97 compared to the forecasted $0.89. The company’s revenue also exceeded projections, reaching $169.87 million against the anticipated $168.78 million. This strong performance was marked by a 4.6% increase in net interest income, reflecting the bank’s strategic focus on improving its financial metrics. Despite these positive results, DA Davidson analysts adjusted the price target for Bank of Hawaii shares to $70 from $75, maintaining a Neutral rating due to a cautious outlook on growth prospects. The analysts noted the bank’s robust net interest margin (NIM) momentum and effective cost control measures. Credit quality remains a noted strength for Bank of Hawaii, with analysts highlighting its strategic interest rate hedging and data analytics investments. The bank’s leadership emphasized continued efforts to manage its balance sheet effectively amid varying economic conditions. Investors will be closely watching Bank of Hawaii’s performance, particularly in relation to its NIM and cost efficiency measures, as these factors are crucial for its financial health.

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