Bank of Hawaii Corporation Reports Earnings Results for the Fourth Quarter and Full Year 2012; Announces Net Charge-Offs for the Fourth Quarter of 2012
For the full year, net income was $166.1 million or $3.67 per share compared to $160 million or $3.39 per share in 2011. Return on assets was 1.22% and return on equity was 16.2%. Earnings per share were up 8.3% in 2012.
Net charge-offs for the fourth quarter of 2012 totaled $2.1 million, up $642,000 on a linked-quarter basis and down $4.9 million year-over-year.