Bankoh loans soar but aircraft leasing charge hurts earnings
Bank of Hawaii Corp.’s earnings declined 17.9 percent in the third quarter primarily due to a previously announced $6.5 million charge that the company is taking to exit the aircraft leasing business.
The state’s second-largest bank said today it had net income of $34.3 million, or 79 cents a share, compared with $41.8 million, or 95 cents a share, in the year-earlier period.
Loans jumped 16.4 percent to $7.69 billion while deposits increased 4.7 percent to $12.94 billion.
