Bank of Hawaii reports 5.4% increase in net income for Q1 2018

Bank of Hawaii Corp. (NYSE: BOH) on Monday reported first-quarter net income of $54 million, or $1.28 diluted earnings per share, up 5.4 percent from $51.2 million, or $1.20 diluted earnings per share, in the same quarter last year.

The state’s second largest bank reported its loan and lease balances were $9.9 billion for the quarter ending March 31, an increase of 8.7 percent from $9.1 billion last year.

Total deposits were $14.9 billion, an increase of 1.3 percent from $14.7 billion in last…

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