comscore Strong loan growth powers Bank of Hawaii’s earnings | Honolulu Star-Advertiser
Business Breaking | Top News

Strong loan growth powers Bank of Hawaii’s earnings

  • Eva Rochlen of the Bank of Hawaii explains the new ATM to Doris Maximo-Pina, Edwin Vea and Flo Texeira, Friday morning when BOH opened its first Kauai instore branch inside the Safeway store in Hokulei Village. Vea and his party were first in line, arriving at 4:15 a.m. for Safeway's opening at 6 a.m.
  • Eva Rochlen of the Bank of Hawaii explains how to use a new ATM at the bank's branch inside a Safeway store in Kokulei Village on Kauai.
  • STAR-ADVERTISER ARCHIVE

    Eva Rochlen explains how to use a new ATM at the Bank of Hawaii branch inside a Safeway store in Hokulei Village on Kauai.

    STAR-ADVERTISER ARCHIVE Eva Rochlen explains how to use a new ATM at the Bank of Hawaii branch inside a Safeway store in Hokulei Village on Kauai.

Bank of Hawaii Corp.’s earnings rose 4 percent in the fourth quarter amid strong loan growth and an improving state economy.

The state’s second-largest bank said today it had net income of $42.8 million, or 99 cents a share, compared with $41.2 million, or 94 cents a share, in the year-earlier period.

Loans jumped 14.2 percent during the period to $7.9 billion while deposits increased 4.9 percent to $13.3 billion.

“It was another good quarter driven primarily by continued growth in the Hawaii economy,” said Peter Ho, chairman, president and CEO of Bank of Hawaii. “For 2016 we’re looking for a largely similar result.”

Comments (0)

By participating in online discussions you acknowledge that you have agreed to the Terms of Service. An insightful discussion of ideas and viewpoints is encouraged, but comments must be civil and in good taste, with no personal attacks. If your comments are inappropriate, you may be banned from posting. Report comments if you believe they do not follow our guidelines.

Having trouble with comments? Learn more here.

Leave a Reply

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