Bank of Hawaii Corp. reports profit - Hawaii News Now - KGMB and KHNL

Bank of Hawaii Corp. reports profit

HONOLULU (AP) - Bank of Hawaii Corp. is reporting its second-quarter profit jumped 50 percent. That beat Wall Street expectations.

Gradual improvement in Hawaii's economy helped the bank trim its provision for credit losses.

Bank of Hawaii on Monday reported net income for the three months ended June 30 of $46.6 million, or 96 cents per share.

That's up from a profit of $31 million, or 65 cents per share, in last year's first quarter.

Meanwhile, Bank of Hawaii announced its president and chief banking officer, Peter Ho, will be promoted to chairman, CEO and president.

The 45-year-old Ho will replace 62-year-old Allan Landon, who in April announced his plans to retire this year. Landon's retirement will become effective Wednesday.

Copyright 2010 by The Associated Press. All Rights Reserved.

  • Hawaii News Now headlinesNewsMore>>

  • Disney buying much of Fox, will help it compete with Netflix

    Disney buying much of Fox, will help it compete with Netflix

    Thursday, December 14 2017 7:24 AM EST2017-12-14 12:24:47 GMT
    Friday, December 15 2017 1:25 AM EST2017-12-15 06:25:51 GMT

    Disney is buying a big chunk of the Murdoch family's 21st Century Fox in $52.4 billion deal, gaining U.S. cable channels and a major film studio and growing overseas as it tries to meet competition from technology...

    More >>

    Disney is buying a big chunk of the Murdoch family's 21st Century Fox in $52.4 billion deal, gaining U.S. cable channels and a major film studio and growing overseas as it tries to meet competition from technology companies.

    More >>
  • UN chief: It's key to avoid miscalculations on North Korea

    UN chief: It's key to avoid miscalculations on North Korea

    Thursday, December 14 2017 4:25 PM EST2017-12-14 21:25:19 GMT
    Friday, December 15 2017 1:16 AM EST2017-12-15 06:16:47 GMT
    UN Secretary-General Antonio Guterres called Thursday for urgent efforts to create conditions for talks on North Korea's growing missile and nuclear threat, saying it's important to avoid miscalculations that "make...More >>
    UN Secretary-General Antonio Guterres called Thursday for urgent efforts to create conditions for talks on North Korea's growing missile and nuclear threat, saying it's important to avoid miscalculations that "make us sleepwalk into a war.".More >>
  • No jail for fertility doctor who lied about using own sperm

    No jail for fertility doctor who lied about using own sperm

    Thursday, December 14 2017 1:24 AM EST2017-12-14 06:24:39 GMT
    Friday, December 15 2017 12:57 AM EST2017-12-15 05:57:18 GMT
    A retired Indianapolis fertility doctor accused of inseminating patients with his own sperm is set to plead guilty to charges that he lied to investigators.More >>
    A retired Indianapolis fertility doctor accused of inseminating patients with his own sperm is set to plead guilty to charges that he lied to investigators.More >>
Powered by Frankly