09:08 AM EDT, 07/28/2025 (MT Newswires) -- Bank of Hawaii ( BOH ) reported higher second-quarter results year over year on Monday, buoyed by double-digit gains in net interest income.

Earnings rose to $1.06 a share for the June quarter from $0.81 a year earlier, in line with the consensus among five analysts on FactSet. Revenue, expressed as the sum of net interest income and total noninterest income, came in at $174.5 million, up from $156.9 million a year ago. Three analysts polled by FactSet expected $177.9 million.

Shares of the bank were up 2.1% in the most recent premarket activity.

Net interest income climbed 13% to $129.7 million, mainly due to lower interest-bearing deposit rates and higher average balance of the regional lender's earning assets, among other factors, it said. Noninterest income grew 6.4% to $44.8 million, including an $800,000 gain related to a bank-owned life insurance recovery, according to the lender.

"Bank of Hawaii ( BOH ) continued to perform well during the second quarter of 2025," Chief Executive Peter Ho said in the earnings release. "Our net interest income and net interest margin expanded for the fifth consecutive quarter."

Within noninterest income, trust and asset management ticked down to $12.1 million from $12.2 million, while service charges on deposit accounts inclined to $8.2 million from roughly $7.7 million. Fees, exchange and other service charges advanced to $14.4 million from $13.8 million in the 2024 quarter.

Average total deposits in the second quarter increased 1.7% year over year to about $20.8 billion, while the metric edged down 0.1% sequentially. Provision for credit losses totaled $3.3 million, compared with $2.4 million in the prior-year period.

"Average deposit balances grew while average loan balances held steady," Ho said. "Our credit quality remained excellent, and we continued to maintain our disciplined approach to expense management."