RTTNews | Jul 26, 2021 07:25AM EDT

07:25 Monday, July 26, 2021 (RTTNews.com) - Bank of Hawaii Corp. (BOH) reported Monday that net income for the second quarter increased to $67.5 million or $1.68 per share from $38.9 million or $0.98 per share in the prior-year quarter.

Net interest income, on a taxable-equivalent basis, for the quarter was $123.8 million, down from $127.0 million in the year-ago quarter. Total noninterest income declined to $44.4 million from $51.3 million last year.

On average, six analysts polled by Thomson Reuters expected the company to report earnings of $1.31 per share on revenues of $166.28 million for the quarter. Analysts' estimates typically exclude special items.

The Company's Board of Directors also declared a quarterly cash dividend of $0.70 per share on the Company's outstanding shares, payable on September 15, 2021 to shareholders of record at the close of business on August 31, 2021.

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