Forbes Magazine Ranks Bank of Hawaii Among America’s Top Performers for Fourth Straight Year
Friday, January 04, 2013
HONOLULU, HAWAII – For the fourth year in a row, Forbes Magazine has named Bank of Hawaii as one of the top banks in the country. Bank of Hawaii is the only Hawaii bank to be included in the top five in each of the four years that Forbes has been compiling the ranking.
Bank of Hawaii was named #2 among the 100 largest U.S. banks and thrifts for the second straight year; it topped the Forbes’ list in 2010 and 2009. (The 2012 rankings were published in its Dec. 18 online edition.)
Peter Ho, Bank of Hawaii chairman, president and CEO, said, “Being named among the top performing banks for all four years that Forbes has been conducting this ranking is a great testament to our employees and customers. I want to thank them for a great 2012, and we look forward to delivering continued value to each of our key stakeholder groups again in 2013.”
To determine the ranking, Forbes partnered with SNL Financial and evaluated U.S. owned banks and thrift institutions based on eight different financial performance measures, which included:
- return on average equity,
- net interest margin,
- non-performing loans as a percentage of loans,
- non-performing assets as percentage of assets,
- reserves as a percentage of non-performing loans,
- two capital ratios (Tier 1 and risk-based), and
- leverage ratio.