POSTED: 11:58 a.m. HST, Feb 3, 2011
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.