HONOLULU (AP) _ Bank of Hawaii Corp. (BOH) on Monday reported fourth-quarter net income of $61.3 million.

The bank, based in Honolulu, said it had earnings of $1.50 per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.45 per share.

The bank holding company posted revenue of $213.5 million in the period. Its revenue net of interest expense was $181.9 million, also surpassing Street forecasts.

For the year, the company reported profit of $225.8 million, or $5.48 per share. Revenue was nearly unchanged at $698.1 million.

Bank of Hawaii shares have climbed 1% since the beginning of the year. The stock has declined 10% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BOH at https://www.zacks.com/ap/BOH

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News