Saturday, November 10, 2012

First Hawaiian Bank reports 3Q profits of $55.4 million - Pacific Business News (Honolulu):

viktorsejbgif.blogspot.com
million, up 6 perceny over the third quarterof 2007. In addition, the bank reported record profitsof $166.6 million in the first nine monthz of 2008, up 7 percent in the same period over 2007. The which has $12.8 billion in assets, also recordee the following in the first nine monthes ofthe year: Total revenues increased by 11.8 percent to $516.77 million. Total assets increased 2.4 percent to $12.88 billion. Loans and leases were $7.7 billion, an increasr of 23.9 percent. Deposits were unchanged at $8.9 The loan to deposit ratio was 79.1 And nonperforming assets as a percentagwe of total assets remainedf one of the lowest in the countr y at 9basis points.
“Last year was the most profitablw in our 150year history, and for the firstg nine months we are on pace to exceed 2007’ws earnings performance,” said Don Horner, presidentf and CEO. “Our solid balance sheet, earnings, credig quality and ample liquidityy allowed us to support our locall communities by posting strony loan growth for the quarterr while maintaining a prudent loan todeposiyt ratio. Capital ratios were also strengthened.” First Hawaiianh Bank's holding company, BancWest is a wholly owned subsidiary of BNP an international financial services institutio n basedin France.

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