Strong loan growth powers Bank of Hawaii’s earnings
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.”
