HONOLULU, HAWAII-For the second consecutive year, ABA Banking Journal, a monthly national trade publication, has named Bank of Hawaii the nation's top performing bank among the largest public and private banks and thrifts (those with assets of $10 billion or more). The rankings were published in the magazine's April 2012 edition, and are available online at http://www.ababj.com/briefing/banking-s-top-performers-2012-part-i-2838.html. Bank of Hawaii has been annually ranked among the top 10 performing banks in the country since 2007.
Peter Ho, Bank of Hawaii chairman, president and CEO, said, “This ranking is a positive affirmation of our community, our clients, and especially our hardworking employees. We're pleased to be recognized for the second year in a row as the publication's top performing large bank.”
ABA partnered with Capital Performance Group to determine the rankings based on return on average total equity obtained from end-of-year Securities and Exchange Commission filings as of Dec. 31, 2011, provided by Highline Financial, LLC. The evaluation included banks and thrift institutions ranging in asset size from $10.6 billion (Cathay General Bancorp of Los Angeles) to $2.3 trillion (JPMorgan Chase). Bank of Hawaii had assets of $13.8 billion.
Bank of Hawaii has also been rated by Forbes Magazine as one of the country's top performers for the past three years, naming it No. 1 for 2009 and 2010, and No. 2 for 2011. (BoH)