Bank of Hawaii earnings climb 9.9 percent

Bank of Hawaii Corp.’s earnings rose 9.9 percent in the second quarter amid strong growth in its loans and deposits. 

The state’s second-largest bank in terms of assets said Monday it had net income of $41.5 million, or 94 cents a share, compared with $37.8 million, or 85 cents a share, in the year-earlier quarter.

Loans increased 9.7 percent to $6.43 billion and deposits grew 10.7 percent to $12.67 billion.

Bankoh’s stock closed down 84 cents at $56.11 on Monday in the regular trading session. The earnings were announced after the market closed.