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.