comscore Strong loan growth boosts Bank of Hawaii's earnings | Honolulu Star-Advertiser
Business | Top News

Strong loan growth boosts Bank of Hawaii’s earnings

    This courtesy photo shows the Bank of Hawaii branch in Kapolei.

 Bank of Hawaii Corp.’s loans jumped 13.2 percent in the fourth quarter and deposits continued to grow as the state’s second-largest bank topped analysts’ earnings estimates.

The bank reported Monday after the market closed that it had net income of $41.2 million, or 94 cents a share, compared with $39.1 million, or 88 cents a share, in the year-earlier quarter. Analysts were calling for earnings per share of 93 cents, according to Thomson Financial Network.

Deposits rose 6 percent to $12.6 billion from $11.9 billion.

Bank of Hawaii’s stock rose 97 cents, or 1.7 percent, to $57.65 during the regular trading session on the New York Stock Exchange.

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