Sunday, November 29, 2015         

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Territorial earnings rise 6.3 percent

By Dave Segal


The parent of Territorial Savings Bank said today that net income rose 6.3 percent in the fourth quarter to $3.2 million, or 28 cents a share, from $3 million, or 27 cents a share, in the year-earlier quarter.

For the year, Territorial Bancorp Inc.'s earnings rose 27.3 percent to $11 million, or 97 cents a share, from $8.7 million, or 77 cents a share.

Territorial, the state's fifth-largest bank in terms of assets, also maintained it dividend at 7 cents a share. It will be payable March 3 for shareholders of record as of Feb. 17.

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