14 May 2009

First Hawaiian bank in CNMI posts a profit

11:11 am on 14 May 2009

The First Hawaiian Bank in Hawaii has announced its 2009 first quarter net income of 52-point-9 million US dollars.

The Saipan Tribune newspaper reports that the profit, excluding a one-time gain, is an increase of 3-point-1 percent on the first quarter of 2008.

And the bank recorded a one-time, leveraged lease portfolio tax gain of 21.6 million US dollars which resulted in an overall first quarter net income of 74.5 million US dollars, a 33-percent increase on the same period a year ago.