October 22, 2012
SunTrust and Bank of Hawaii have been moving in opposite directions. The former reported a huge jump in profit, but much of that was due to a securities gain from its outsized ownership stake in Coca-Cola. Its net interest margin contracted slightly, and it set aside extra funds to pay for losses on loans sold to government-sponsored entities such as Fannie Mae.
Over at Bank of Hawaii, meanwhile, net income is down $2.1 million from last year, though it managed to grow loans 2% during its most recent quarter and kept its net interest margin stable. Return on equity came in at 16.02% for the quarter, but that was a decline from last year.
See more on both banks in the following video.
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