Compelo Banking is using cookies

We use them to give you the best experience. If you continue using our website, we'll assume that you are happy to receive all cookies on this website.

ContinueLearn More
Close
Dismiss

Bank of Hawaii Q4 net income down

Bank of Hawaii has reported a net income of $39.2m, or $0.85 diluted earnings per share, for the fourth quarter of 2011, compared to $40.6m, or $0.84 diluted earnings per share, for the same period in 2010.

Net interest income, on a taxable equivalent basis, for the fourth quarter of 2011 was $97.2m, compared to $96.6m for the same period a year ago.

Noninterest income was $43.4m, compared to $51.5m for the same period a year ago.

Provision for credit losses dropped to $2.2m from $5.3m.

Bank of Hawaii chairman, president, and CEO Peter Ho said that during the quarter, our loan balances increased across most categories. Our balance sheet has high levels of liquidity, capital, and reserves due to their continued focus on disciplined capital and risk management.

"During the quarter we reduced our shares outstanding by 1.3 percent and maintained our quarterly dividend of $0.45 per share," added Ho.