Bank of Hawaii Corporation (NYSE:BOH) Q1 2022 Results Conference Call April 25, 2022 2:00 PM ET
Company Participants
Janelle Higa - Head of IR
Peter Ho - Chairman, President and CEO
Dean Shigemura - CFO
Mary Sellers - CRO
Conference Call Participants
Jeff Rulis - D.A. Davidson
Andrew Liesch - Piper Sandler
Ebrahim Poonawala - Bank of America
Kelly Motta - KBW
Laurie Hunsicker - Compass Point
Operator
Ladies and gentlemen, thank you for standing by, and welcome to the Bank of Hawaii Corporation First Quarter 2022 Earnings Call. At this time, all participants are in a listen-only mode. There will be a question-and-answer session after the prepared remarks [Operator Instructions]
I would now like to turn the call over to your host, Janelle Higa. You may begin.
Janelle Higa
Thank you, Kevin, and good morning, good afternoon, everyone. Thank you for joining us today. On the call with me this morning is our Chairman, President and CEO, Peter Ho; our Chief Financial Officer, Dean Shigemura; and our Chief Risk Officer, Mary Sellers.
Before we get started, let me remind you that today's conference call will contain some forward-looking statements. And while we believe our assumptions are reasonable, there are a variety of reasons the actual results may differ materially from those projected. During the call, we'll be referencing a slide presentation as well as our earnings release. A copy of the presentation and release are available on our website, boh.com, under Investor Relations.
And now, I'd like to turn the call over to Peter Ho.
Peter Ho
Thanks, Janelle. Hello, everyone. We appreciate your interest in Bank of Hawaii. First quarter was a good start to 2022 for the organization. As is our custom, I'll share with you some thoughts on the broader market here in the islands. I'll then turn the call over to Dean to talk about the financials and then we'll turn the call over to Mary to give you some perspective on the credit side, and then I'll close with some concluding thoughts, and then we'd be happy to take your questions.
So beginning with the economy, things appear to be shaping up, stable, and improving is what I would call it. Here, you see our unemployment numbers, unemployment now down to 4.1%. I think when you look at the forecast numbers out that UHERO has put in there, obviously, I think, clearly, those are due for adjustment, and I think probably impacted by some of the changes of the Bureau of Labor Statistics.