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.