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Sun Shines on Bank of Hawaii
Bank of Hawaii (BOH Quote) said its third-quarter earnings rose 4.7%.
The company earned $46.9 million, or 93 cents a share, in the quarter, compared with $44.8 million, or 85 cents a share, in the year ago period. Analysts polled by Thomson First Call were expecting earnings of 92 cents a share.
Third-quarter net interest margin fell 10 basis point to 4.20%, due to the effects of the inverted yield curve and a continued shift in the funding mix. ...
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