First Hawaiian Bank reports higher 3Q net income - Hawaii News Now - KGMB and KHNL

First Hawaiian Bank reports higher 3Q net income

HONOLULU (AP) - First Hawaiian Bank reports it had net income of $56.4 million for the third quarter, a 4.1 percent increase over the same quarter last year.

First Hawaiian Chairman and Chief Executive Officer Don Horner said Thursday that the bank experienced a solid quarter. He says the bank continues to perform well, despite Hawaii's slow recovery.

The bank says its net income for the nine months ended Sept. 30 was $162.4 million, a 3.2 percent increase after excluding a one-time leverage lease tax gain in 2009.

First Hawaiian says for the first three quarters of 2010, it remained the largest local real estate lender in Hawaii, funding over $1 billion in mortgages, a 26.4 percent decrease compared to 2009.

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