Bank of Hawaii Corporation's (BOH) earnings plunged in the first quarter mostly due to a jump in provision expense. As the COVID-19 pandemic has hit the Hawaiian economy hard, BOH's provision expense will likely remain elevated in the remainder of 2020. BOH has limited direct exposure to high-risk industries, but indirectly the entire loan portfolio will be at risk because Hawaii's economy relies heavily on the tourism industry. The heightened provision expense will likely drag earnings this year. On the other hand, continued loan growth will likely support earnings in 2020. Additionally, the management's expense