BANK OF HAWAII Business Summary

Bank of Hawaii Corporation (NYSE: BOH) operates as a dominant regional financial services holding company, generating revenue primarily through net interest income from its loan and lease portfolios and non-interest income from trust services, investment management, and transaction fees. The company’s operations are organized into three primary business segments: Consumer Banking, which offers retail lending, deposit products, and private banking; Commercial Banking, providing corporate lending, merchant services, and cash management; and Treasury and Other, which manages the bank's investment securities and interest rate risk. As the largest locally owned bank in Hawaii, BOH commands a leading 34.1% deposit market share and maintains the state's most extensive branch and ATM network. It competes directly with First Hawaiian Bank (FHB), Central Pacific Financial (CPF), and national players like Bank of America, distinguishing itself through deep local market intelligence and a high-touch community banking model. Founded in 1897 by Charles Montague Cooke, Peter Cushman Jones, and Joseph Ballard Atherton, the bank is currently led by Chairman and CEO Peter S. Ho, who is scheduled to retire on March 31, 2026. He will be succeeded on April 1, 2026, by James C. Polk, the current President and Chief Banking Officer, a 26-year veteran of the firm with over 35 years of industry experience. The senior leadership team includes Vice Chair and CFO Dean Y. Shigemura, Vice Chair and Chief Risk Officer Mary E. Sellers, and SEVP and Chief Information Officer Taryn L. Salmon, who oversees the bank's digital transformation and technology infrastructure. The company’s board is currently overseen by Lead Independent Director Raymond P. Vara Jr. (President and CEO of Hawai‘i Pacific Health), who will transition to Non-Executive Chairman in April 2026. Notable institutional investors include BlackRock and Vanguard, supporting a firm recognized for its 55-year history of consistent dividend payments and financial stability.