Bank of Hawaii sees ‘great opportunity to deploy capital into repurchases’

Asked on the company’s Q3 earnings call about buybacks, executives at Bank of Hawaii (BOH) stated: “Yeah I think you know we are happy with our capital levels. I mean, you know you can always pick up here or there. But I think given where the stock is at right now, we think that there’s a great opportunity to deploy capital into repurchases. At this point, we probably are likely to be doing some of that activity here in this quarter and into next year. Obviously, the dividend is important to us, but we think the payout ratio for now is in pretty good shape, and hopefully we’ll be able to deploy some of the capital into growth as we move forward.”