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Forbes Magazine Ranks Bank of Hawaii Among America’s Top Performers for Fifth Straight Year

Tuesday, January 07, 2014

HONOLULU, HAWAII – For the fifth year in a row, Forbes magazine has named Bank of Hawaii as one of the top performing banks in the country. Bank of Hawaii was named #5 among the 100 largest U.S. banks and thrifts in a list published online by Forbes on Dec. 19. The bank topped Forbes’ list in 2010 and 2009 and was #2 in 2011 and 2012. It is the only Hawaii bank to be included in the top five in each of the five years that Forbes has been compiling the ranking.

“This ranking is wonderful recognition for our hard-working employees who have contributed to Bank of Hawaii’s solid performance in 2013,” said Peter Ho, Bank of Hawaii chairman, president and CEO. “This acknowledgment also sends a positive statement about our community and customers, and we look forward to helping them meet their financial needs in the future.”

To determine the ranking, Forbes partnered with SNL Financial and evaluated U.S.-owned banks and thrift institutions based on nine measures of financial health:

  • Return on average equity
  • Net interest margin
  • Nonperforming loans as a percentage of loans
  • Nonperforming assets as a percentage of assets
  • Reserves as a percentage of NPLs
  • Two capital ratios (Tier 1 and risk-based)
  • Leverage ratio
  • Revenue growth