American Savings Bank Posts 25% Gain In Q1

Hawaii’s American Savings Bank reported first quarter net income of $15.8 million, a 24.7 percent increase from net income of $12.7 million during the first quarter of 2016. The Honolulu-based bank, a subsidiary of Hawaiian Electric Industries Inc. (NYSE: HE), attributed the year-over-year gain to growth in its commercial real estate and consumer loan portfolios that resulted in $3 million higher net interest income of $54.8 million. "We are off to a strong start in 2017 as we continue to deliver…

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