-
Click on individual bank names in the table below to access American Banker's coverage of each company's earnings report. Links to relevant coverage, filings, and releases can be found in the Related Links area of each article.
January 28
Bank of Hawaii Corp. in Honolulu reported fourth-quarter earnings that easily exceeded Wall Street estimates.
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. Analysts on average had expected the company to earn 69 cents, according to Thomson Reuters.
The loan-loss provision fell 80% from a year earlier, to $5.3 million. Nonperforming assets fell 22% from a year earlier, to $37.8 million.
Full-year earnings rose 28% from 2009, to $186.9 million.
"Credit quality continues to improve," Peter Ho, the company's chief executive, said in a press release. "The Hawaii economy is continuing to recover due, in part, to improving arrival and spend statistics in our visitor industry."
