The 10 Hawaii Cos With March, April or May 2018 Quarter Ends (The First Full Quarter of the Trump Tax Cuts Act), With Market Caps of At Least $100 Mil and Which Have Released These 2018 Quarter Earnings By July 5, 2018 Generated March, April or May 2018 Quarter Total Pretax Income (PTI) of $332 Mil, Up 8.9% From Their Previous Year's Quarter Total PTI of $305 Mil .......................................................................................

From a review of SEC filings, the below chart shows the US GAAP Pretax Income (Loss) From Continuing Operations, the US GAAP Net Income (Loss) From Continuing Operations and the related US GAAP Income Tax Expense for the March, April or May 2018 and 2017 Quarters for all US Companies including both Partnerships and REITs which are Headquartered in the US State of Hawaii with March, April or May 2018 Quarter Ends, with stock market caps of at least $100 Mil recently and which have released their March, April or May 2018 Quarter Earnings by July 5, 2018.

												US GAAP	US GAAP
												Pretax	Net
									US GAAP	US GAAP		Income	Income
	US GAAP	US GAAP	US GAAP		US GAAP	US GAAP	US GAAP		Effective	Effective		Better	Better
	Pretax	Income	Net		Pretax	Income	Net		Income	Income		(Worse)	(Worse)
	Income	Tax	Income		Income	Tax	Income		Tax	Tax		% Change	% Change
Hawaii Company	(Loss)	Expense	(Loss)		(Loss)	Expense	(Loss)		Rate	Rate		March,	March,
Market Caps of $100 Mil+	March,	March,	March,		March,	March,	March,		March,	March,		April or	April or
Releasing March, April or	April or	April or	April or		April or	April or	April or		April or	April or		May Qtr	May Qtr
May 2018 Quarter	May Qtr	May Qtr	May Qtr		May Qtr	May Qtr	May Qtr		May Qtr	May Qtr		2018	2018
Earnings By July 5, 2018	2018	2018	2018		2017	2017	2017		2018	2017		vs 2017	vs 2017
	mils $	mils $	mils $		mils $	mils $	mils $
First Hawaiian	92	24	68		90	33	57		26.1%	36.7%		2%	19%
Bank of Hawaii	64	10	54		73	22	51		15.6%	30.1%		-12%	6%
Hawaiian Electric Industries	53	12	41		52	17	35		22.6%	32.7%		2%	17%
Alexander & Baldwin	45	(3)	48		4	(1)	5		-6.7%	-25.0%		1025%	860%
Hawaiian Holdings	37	8	29		46	12	34		21.6%	26.1%		-20%	-15%
Matson Inc	24	10	14		10	3	7		41.7%	30.0%		140%	100%
Central Pacific Financial	18	4	14		20	7	13		22.2%	35.0%		-10%	8%
Territorial Bancorp	7	2	5		7	3	4		28.6%	42.9%		0%	25%
Maui Land & Pineapple Co	(1)	-	(1)		6	-	6		0.0%	0.0%		-117%	-117%
HawaiianTelcom	(7)	(1)	(6)		(3)	(1)	(2)		14.3%	33.3%		-133%	-200%
Total all 10 Hawaii Cos	332	66	266		305	95	210		19.9%	31.1%		8.9%	27%