Quantcast

Sunday, November 23, 2014         

 Print   Email   Comment | View 0 Comments   Most Popular   Save   Post   Retweet

American Savings' earnings dip but loans grow

By Dave Segal

POSTED:



American Savings Bank’s net income slipped 0.8 percent in the July-September period amid a low interest rate environment but the state’s third-largest bank saw its loan portfolio grow for the eighth straight quarter.

The subsidiary of Hawaiian Electric Industries Inc. reported earnings today of $14.2 million compared with $15.5 million in the year-earlier quarter.

Loans, however, rose 2.5 percent to $3.76 billion from $3.67 billion on the strength of residential mortgage production that more than doubled from a year ago.






 Print   Email   Comment | View 0 Comments   Most Popular   Save   Post   Retweet

COMMENTS
(0)
You must be subscribed to participate in discussions


IN OTHER NEWS
Breaking News