Bank of Hawaii Corp. today reported a decline in its third quarter earnings.

The company said it netted $36.5 million, or 76 cents per share, during the three months ending Sept. 30, 2009. That was down from the year-earlier’s $47.4 million, or 99 cents per share in the year-earlier period.
The comparisons were skewed by a one-time, $8.9 million tax credit that the company received in third quarter 2008.