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Bank of Hawaii profits decline but assets, loans, deposits increase

Bank of Hawaii Corp.’s earnings fell 8.6 percent in the third quarter but assets, loans and deposits all rose from the year-earlier period.

The state’s second-largest bank said today it had net income of $37.7 million, or 85 cents a share, compared with $41.2 million, or 92 cents a share, a year earlier.

Revenue declined 6.8 percent to $136 million from $146 million.

Assets, though, rose 3.5 percent to $13.8 billion from $13.4 billion.  Loans and leases increased 3.9 percent to $6 billion from $5.8 billion and deposits rose 3.5 percent to $11.6 billion from $11.2 billion.

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