Bank of Hawaii Corporation reported consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported that total interest income was $101,709,000 against $100,695,000 a year ago. Net interest income was $92,120,000 against $90,310,000 a year ago. Net interest income after provision for credit losses was $92,120,000 against $90,310,000 a year ago. Income before provision for income taxes was $54,974,000 against $59,836,000 a year ago. Net income was $39,055,000 or $0.88 per diluted share against $40,287,000 or $0.90 per diluted share a year ago. Return on average assets was 1.12% compared to 1.19% a year ago. Return on average shareholders equity was 15.36% compared to 15.47% a year ago.

For the year, the company reported that total interest income was $398,505,000 against $420,489,000 a year ago. Net interest income was $358,907,000 against $377,271,000 a year ago. Net interest income after provision for credit losses was $358,907,000 against $376,292,000 a year ago. Income before provision for income taxes was $214,161,000 against $242,290,000 a year ago. Net income was $150,502,000 or $3.38 per diluted share against $166,076,000 or $3.67 per diluted share a year ago. Return on average assets was 1.10% compared to 1.22% a year ago. Return on average shareholders equity was 14.78% compared to 16.23% a year ago. Book value per share as on December 31, 2013 was $22.75 against $22.83 as on December 31, 2012. Tangible book value per share as on December 31, 2013 was $22.04 against $22.12 as on December 31, 2012.

The company reported that net charge-offs during the fourth quarter of 2013 were $8.2 million or 0.54% annualized of total average loans and leases outstanding.