false 0000046195 0000046195 2023-03-13 2023-03-13 0000046195 us-gaap:CommonStockMember 2023-03-13 2023-03-13 0000046195 us-gaap:SeriesAPreferredStockMember 2023-03-13 2023-03-13

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D. C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report | March 13, 2023
(Date of earliest event reported) |

BANK OF HAWAII CORP

(Exact name of registrant as specified in its charter)

Delaware | 1-6887 | 99-0148992
(State of Incorporation) | (Commission File Number) | (IRS Employer Identification No.)

130 Merchant Street | Honolulu | Hawaii | 96813
(Address of principal executive offices) | (City) | (State) | (Zip Code)

(888) 643-3888

(Registrant's telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class |  | Trading Symbol(s) |  | Name of each exchange on which registered
Common Stock, par value $0.01 per share |  | BOH |  | New York Stock Exchange
Depository Shares, Each Representing 1/40th Interest in a Share of 4.375% Fixed Rate Non-Cumulative Preferred Stock, Series A |  | BOH.PRA |  | New York Stock Exchange

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4 (c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 7.01 Regulation FD Disclosure

Bank of Hawai‘i Corporation, parent company of Bank of Hawai‘i, provides the attached operational overview in light of recent industry events and market volatility. Deposits are well-diversified by industry and depositor type – the average consumer balance is $18,000; the average commercial balance is $134,000. We have ample liquidity and our regulatory capital ratios remain strong.

From time to time, Bank of Hawai‘i Corporation intends to use the presentation slides attached hereto as Exhibit 99.1 in conversations with investors and analysts. The presentation materials will also be available on Bank of Hawai‘i Corporation’s website at http://ir.boh.com/events-and-presentations.

The information in Item 7.01 of this report (including Exhibit 99.1 hereto) is being “furnished” and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, is not subject to the liabilities of that section and is not deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, except as shall be expressly set forth by specific reference in such a filing.

Item 9.01. | Financial Statements and Exhibits.

(d) | Exhibits

Exhibit No. |
99.1 | Bank of Hawai‘i Corporation Operational Overview
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document)

Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: March 13, 2023 | Bank of Hawaii Corporation
| By: | /s/ Patrick M. McGuirk
|  | Patrick M. McGuirk
|  | Senior Executive Vice President and Corporate Secretary