HONOLULU (AP) — HONOLULU (AP) — Bank of Hawaii Corp. (BOH) on Monday reported first-quarter net income of $57.4 million.
The Honolulu-based bank said it had earnings of $1.30 per share.
The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.33 per share.
The bank holding company posted revenue of $263.5 million in the period. Its revenue net of interest expense was $192.3 million, which met Street forecasts.
Bank of Hawaii shares have risen 17% since the beginning of the year. The stock has increased 24% in the last 12 months.
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