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Honolulu-based Bank of Hawaii Corp. on July 23 reported second-quarter net income of $40.7 million, or 90 cents per share, compared to $35.1 million, or 74 cents per share, in the year-ago period.
The FactSet earnings estimate for the period was 87 cents per share.
During the second quarter, the provision for credit losses was $628,000, compared to $351,000 in the previous quarter and $3.6 million a year earlier. Net charge-offs totaled $3.8 million in the second quarter, compared to $3.4 million in the linked quarter and $6.0 million in the year-ago quarter.
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