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Bankoh earnings fall 3.3% but top analysts' forecasts

By Star-Advertiser staff

LAST UPDATED: 12:49 p.m. HST, Jan 23, 2012


Bank of Hawaii said today its loans and deposits grew in the fourth quarter but earnings slipped 3.3 percent as fee income fell nearly 16 percent.

Net income declined to $39.2 million, or 85 cents a share, from $40.6 million, or 84 cents a share. Analysts were looking for 82 cents a share.

Revenue decreased 5.5 percent to $139.7 million from $147.8 million. That included a 15.7 percent drop in fee income to $43.4 milion from $51.5 million.

Loans and leases rose 3.8 percent to $5.5 billion from $5.3 billion and deposits jumped 7.1 percent to $10.6 billion from $9.9 billion.

Assets rose 5.5 percent to $13.8 billion from $13.1 billion.

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