other material
confidence high
sentiment neutral
materiality 0.40
Bank of Hawaii to take $6.9M charge on sale of 31 locomotives, ends leasing wind-down
BANK OF HAWAII CORP
- Agreement to sell 31 locomotives and terminate lease with a U.S. railroad transportation company.
- One-time pre-tax charge of $6.9 million recognized in Q3 2022.
- Sale completes wind-down of leveraged lease portfolio; subsidiary BOH Leasing to dissolve after closing.