comscore Bank of Hawaii earnings hurt by lower rate environment
Top News

Bank of Hawaii earnings hurt by lower rate environment

Honolulu Star-Advertiser logo
Unlimited access to premium stories for as low as $12.95 /mo.
Get It Now

Bank of Hawaii Corp.’s earnings declined 17.9 percent  in the first quarter as reduced mortgage income from the previous three months, a lower net interest margin and seasonal expenses dragged down results.

The state’s second-largest bank said today that net income fell to $36 million, or 81 cents a share, compared with $43.8 million, or 95 cents a share, in the year-earlier quarter.

Total loans and leases were up 3.3 percent to $5.8 billion from $5.6 billion a year earlier but down from $5.9 percent in the fourth quarter.

Analysts were forecasting earnings per share of 87 cents, according to Thomson Financial.

Comments have been disabled for this story...

Click here to see our full coverage of the coronavirus outbreak. Submit your coronavirus news tip.

Be the first to know
Get web push notifications from Star-Advertiser when the next breaking story happens — it's FREE! You just need a supported web browser.
Subscribe for this feature

Scroll Up