Loans help boost Bank of Hawaii earnings 26.9%
BANK OF HAWAII
This courtesy photo shows the sign above the door of the main branch of Bank of Hawaii in Downtown Honolulu.
Bank of Hawaii Corp. continued to generate double-digit loan growth and boosted its earnings 26.9 percent in the third quarter.
The state’s second-largest bank said today that net income rose to $43.5 million, or $1.02 a share, to beat analysts’ estimates by 3 cents. A year earlier, Bankoh earned $34.3 million, or 79 cents a share, in a quarter that included a $6.5 million after-tax charge that the company took to discontinue its aircraft leasing operations.
Loans increased 13.1 percent to $8.69 billion from $7.69 billion while deposits rose 6.7 percent to $13.81 billion from $12.94 billion.
Assets rose 5.6 percent to top $16 billion versus $15.12 billion in the third quarter of 2015.
2 responses to “Loans help boost Bank of Hawaii earnings 26.9%”
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Is that why the bank in the picture is closed?
giggle.,.well high fees keep profits up. few benefit except top executives there.