Bank of Hawaii Ranked Top Performing ‘Large’ Bank in U.S. for 2013 by ABA Banking Journal
Tuesday, April 08, 2014
HONOLULU, HAWAII – ABA Banking Journal, a leading national trade publication, named Bank of Hawaii the top performing bank in the nation for 2013 among the largest public banks and thrifts. Bank of Hawaii rose in ranking from its #2 position the prior year.
Peter Ho, Bank of Hawaii chairman, president and CEO, said, “This is wonderful recognition for our employees and testament to the hard work they do every day in helping our customers meet their financial needs. It’s also a reflection of our great customers and the community in which we operate. We take pride in our performance and strive to do our best for the people who count on us.”
ABA Banking Journal reviewed the performance of federally insured domestic depository institutions with total assets of $10 billion or more as of Dec. 31, 2013, and ranked them by return on average total equity (ROAE). Bank of Hawaii had assets of $14.1 billion and ROAE of 14.78 percent.
The rankings are based on SEC filings for public institutions and regulatory filings for non-public and foreign-owned institutions, and are prepared by Capital Performance Group, Washington, D.C.
Bank of Hawaii also earned ABA’s #1 spot for its performance in 2008 and 2011.
Bank of Hawaii, founded in 1897, is the state’s largest independent financial institution.