Bank of Hawaii honored by Forbes Magazine
For the fourth consecutive year, Forbes Magazine has named Bank of Hawaii as one of the top banks in the country. It is the only Hawaii bank to be included in the top five in each of the four years that Forbes has been compiling the ranking.
The bank was named No. 2 among the 100 largest U.S. banks and thrifts for the second straight year; it topped the Forbes’ list in 2010 and 2009. The 2012 rankings were published in its Dec. 18 online edition.
To determine the ranking, Forbes partnered with SNL Financial to evaluate U.S.- owned banks and thrift institutions based on eight financial performance measures, including return on average equity, net interest margin, nonperforming loans as a percentage of loans, nonperforming assets as percentage of assets, reserves as a percentage of nonperforming loans, two capital ratios (Tier 1 and risk-based) and leverage ratio.