HONOLULU (AP) - First Hawaiian Bank says its earnings grew less than 1 percent in the third quarter to nearly $51 million, but profits for the year are down in the first nine months of 2013.
Bank officials said Monday that its earnings of $50.9 million for the July through September period were 0.6 percent more than its net income of $50.6 million during the third quarter last year.
But the bank's net income of $155.4 million for the first nine months of 2013 was 5.1 percent less than the $147.9 million earned during the same time frame last year.
First Hawaiian says its income is down this year because of lower sales of securities, plus a one-time gain last year from selling leased equipment.
The bank says its total assets hit $16.7 billion.