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Saturday, October 25, 2014         

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Bank of Hawaii profits decline but assets, loans, deposits increase

By Dave Segal

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Bank of Hawaii Corp.'s earnings fell 8.6 percent in the third quarter but assets, loans and deposits all rose from the year-earlier period.

The state's second-largest bank said today it had net income of $37.7 million, or 85 cents a share, compared with $41.2 million, or 92 cents a share, a year earlier.

Revenue declined 6.8 percent to $136 million from $146 million.

Assets, though, rose 3.5 percent to $13.8 billion from $13.4 billion.  Loans and leases increased 3.9 percent to $6 billion from $5.8 billion and deposits rose 3.5 percent to $11.6 billion from $11.2 billion.






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