Monday, July 21, 2014         

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

American Savings Bank's earnings rise 7.5 percent

By Dave Segal

LAST UPDATED: 12:33 p.m. HST, Oct 30, 2013

Strong loan growth helped boost American Savings Bank's earnings 7.5 percent in the third quarter.

The state's third-largest bank said today that a 7.9 percent increase in loans helped lift profits to $15.3 million from $14.2 million in the year-earlier quarter. Its earnings were boosted by $2 million less that the bank needed to set aside for potential loan losses, a $1 million net gain on the sale of its credit card portfolio and $1 million in higher fee income from other financial products.

HEI Industries Inc., the parent company of American Savings and the state's largest utility, will release its full earnings report on Nov. 7.

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

You must be subscribed to participate in discussions
By participating in online discussions you acknowledge that you have agreed to the TERMS OF SERVICE. An insightful discussion of ideas and viewpoints is encouraged, but comments must be civil and in good taste, with no personal attacks. Because only subscribers are allowed to comment, we have your personal information and are able to contact you. If your comments are inappropriate, you may receive a warning, and if you persist with such comments you may be banned from posting. To report comments that you believe do not follow our guidelines, email commentfeedback@staradvertiser.com.
Leave a comment

Please login to leave a comment.
Breaking News