Posted at 12:38 p.m., Monday, April 24, 2006
Business briefs: BOH earnings flat in 1st quarter
Advertiser Staff
Bank of Hawaii said today it earned $45.4 million, or 87 cents a share in the first quarter, compared with $45.5 million, or 86 cents a share in the same period a year earlier.Net interest income grew to $102.2 million, up 1.5 percent from a year ago. Total assets rose 6.2 percent to $10.5 billion in the quarter.
"Bank of Hawaii had a good start in 2006 with solid performance in the first quarter," said Allan Landon, Bank of Hawaii's chairman and chief executive officer. "We've had good loan origination volumes, our deposits continue to be strong and the Hawaii economy remains solid. We are optimistic about achieving our goals for the remainder of the year."
Cendant puts travel business up for sale
Cendant Corp. said it received several offers for its travel business, which includes Orbitz and CheapTickets.com, and may sell the unit rather than spinning it off as part of a planned breakup.
Analysts estimate the business may fetch as much as $4 billion. Several buyers have expressed interest in the division, the New York-based travel and real-estate services company said today in a statement.
Cendant, through a subsidiary, owns Coldwell Banker's residential and commercial realestate business on O'hu.
