UPDATE: Bank of Hawaii Q2 Profit Up 16%

Bank of Hawaii

reported a 16% rise in its second-quarter earnings. Bank of Hawaii's quarterly profit climbed to $40.7 million, from $35.1 million, in the year-ago period. Its per-share earnings gained to $0.90 from $0.74 per share, beating analysts' estimates of $0.87 pers hare. Its revenue fell 3.2% to $142.2 million, versus analysts' estimates of $143 million. Bank of Hawaii shares closed at $46.33 on Friday.