Honolulu - First Hawaiian Inc. said it expects fourth-quarter net income to drop about 10% from the same period last year, to as little as $71.1 million from $78.2 million.
The bank reported that earnings Per share will be $2.24 to $2.27, down 6% to 7% from the $2.41 it earned in 1993's fourth quarter.
The lower earnings for 1994 are attributable to potential loss In trust investments and a high loan-loss Provision needed to restore the allowance for loan losses to an acceptable level after the writeoff of a problem loan, the bank said.
