Hawaii

Lower noninterest expenses and a declining provision for credit losses led Bank of Hawaii (BOH) in Honolulu to second-quarter net income of $40.7 million, up almost 16% from a year earlier.

Hawaii State FCU announced this morning the hiring of Andrew Rosen, an experienced banker on the mainland, as president and CEO of the $1.3 billion credit union.

Central Pacific Financial (CPF) said Thursday that first-quarter earnings rose 191% from a year earlier, to $13.5 million, as it reduced nonperforming assets and decreased the amount of chargeoffs.

Bank of Hawaii (BOH) of Honolulu reported first-quarter earnings of $43.8 million, up roughly 3% from a year earlier, as loan balances rose and credit quality improved.

Driven by strong growth in both interest and fee income, Territorial Bancorp Inc. in Honolulu reported a 6% increase in its fourth-quarter earnings, to $3.4 million.

Bank of Hawaii Corp. in Honolulu said Monday that fourth-quarter earnings fell 3.4% from a year earlier, to $39.2 million, as a decline in credit costs and higher net interest income could not offset a steep drop in fee income.

Central Pacific Financial Corp., which lost more than $364 million in 2009 and 2010, has now made money in three straight quarters as the Honolulu company continues to shed problem assets.

Bank of Hawaii Corp. in Honolulu posted third-quarter earnings of 92 cents a share, nine cents more than the average expectation of analysts.

The biggest bank in Hawaii is set to have a new chief executive.

Bank of Hawaii Corp. in Honolulu reported that its earnings fell nearly 25% from a year earlier, to $35.1 million, as it paid out $9 million to settle a class-action lawsuit involving overdraft fees on debit cards.

Bank of Hawaii in Honolulu has agreed to pay $9 million to settle a class-action lawsuit in which it was accused of improperly charging overdraft fees on debit card transactions.

The stories of Bank of Hawaii Corp. and Central Pacific Financial Corp. tell you everything you need to know about the troubled past and hopeful signs for the future of banking in Hawaii.

Bank of Hawaii Corp. in Honolulu said Monday that its first-quarter earnings rose 4.4% from a year earlier, to $42.4 million.

Central Pacific Financial Corp. in Honolulu has received approval from regulators to complete a much-needed $325 million capital injection.

The $13.1 billion-asset company said Monday that its earnings were up slightly from a year earlier, to $40.6 million, or 84 cents a share.

First Hawaiian Bank said Friday that its fourth-quarter earnings rose 4% year over year, to $50.2 million. For the full year loans at the Honolulu company grew 3.3%.

Central Pacific Financial Corp. in Honolulu said Monday that it renegotiated its stock conversion rate with the Treasury Department related to its $135 million in Troubled Asset Relief Program funds.

The private-equity commitments that Central Pacific Financial Corp. of Honolulu touted in its Nov. 2 earnings release have been finalized.

The $4.2 billion-asset Honolulu company said in a press release Tuesday that it has been working with a private-equity investor for a $98 million infusion and "is in the process of seeking to finalize an agreement for such an investment by the end of the week."

Bank of Hawaii Corp. in Honolulu said Monday that its third-quarter earnings rose 20% from a year earlier, to $44.1 million, as a reduction in credit costs and an increase in mortgage banking revenue offset lower interest income.