Matson’s earnings double amid strength from China, Alaska services
China container volume jumped 11.7% as a result of four more eastbound voyages than the prior year. Read more
China container volume jumped 11.7% as a result of four more eastbound voyages than the prior year. Read more
The state’s only franchised gas utility and largest propane distributor has a new owner after a New York-based infrastructure fund manager received approval from the state Public Utilities Commission. Read more
The state’s third-largest bank reported net income of $17.5 million after setting aside $2.8 million for potential loan losses due to strong growth in that area during the quarter. Read more
The state’s largest bank reported today that margins improved due to higher interest rates, and loans and deposits gained from the second quarter of 2021. In the most recent quarter, First Hawaiian set aside $1 million for potential loan losses. Read more
Honolulu-based real estate investment trust A&B reported Thursday that its net income available to common shareholders declined 68.8% to $4 million, or 5 cents a share, from $12.8 million, or 18 cents a share, in the year-earlier quarter. Read more
The state’s fifth-largest bank reported Thursday it had net income of $4.11 million, or 46 cents ashare, to beat analysts’ consensus estimate of 41 cents. Read more
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Central Pacific Bank showed strong improvement from the previous three months due to rising interest rates but saw its net income slip 6% last quarter from a year ago after accounting for one-time items, as well as less fee and interest income generated from Paycheck Protection Program loans. Read more
Hawaiian Chief Revenue Officer Brent Overbeek said a full recovery in Japan is dependent on the easing of government restrictions on arrivals and the current yen-dollar exchange rate, which is down about 22% compared with 2019. Read more
Hawaiian Chief Revenue Officer Brent Overbeek said a full recovery in Japan is dependent on the easing of government restrictions on arrivals and the current yen-dollar exchange rate. Read more
Bankoh’s stock rose $1.40, or 1.8%, to $78.35 after the earnings were announced. Read more
Higher mortgage interest rates created ripple effects across Oahu’s housing market in June as sales volume decreased, asking prices were reduced and active listings stayed on the market longer. Read more
Central Pacific Bank beat out two of its larger rivals and was named the best bank in Hawaii on Forbes’ list of Best-In-State Banks 2022. Read more
Inflation and mortgage rates are on the rise, but many debt-laden consumers have yet to take the plunge and ask the court for financial relief. Read more
Hawaii made significant progress in the first quarter to distance itself from fossil fuels as the state reached double digits in electric vehicle registrations. Read more
High commodities prices fueled a big increase in Barnwell Industries Inc.’s earnings last quarter. Read more
Barnwell Industries Inc.’s earnings jumped 83.7% in its fiscal first quarter, and its oil and natural gas revenue more than doubled from the year-earlier period, as the company continued to rebound from several years of financial hardship. Read more
Hawaiian Electric Industries Inc. boosted its earnings 8% in the fourth quarter and 24.4% for the year as now-retiredPresident and CEO Connie Lau capped off her 37-year career with the HEI family of companies. Read more
No pain, no bankruptcy. With Hawaii residents apparently feeling financially healthy, the number of bankruptcy cases declined in January for the ninth straight month as the state’s economy continued to improve. Read more
Hawaii’s neighbor island housing markets reported mixed numbers in January after setting median sale price records in 2021 for single-family homes and condominiums. Read more
Already one of the most expensive places to live in the country, Hawaii became even costlier during the past 12 months with energy and food fueling a 6% increase in Honolulu area consumer prices. Read more
The massive shortfall in the state Employees’ Retirement System pension fund significantly dropped last fiscal year thanks to the best investment performance in the portfolio’s 96-year-history. Read more