HONOLULU (AP) _ Territorial Bancorp Inc. (TBNK) on Thursday reported first-quarter earnings of $4.5 million.

The bank, based in Honolulu, said it had earnings of 48 cents per share.

The holding company for Territorial Savings Bank posted revenue of $19.9 million in the period. Its revenue net of interest expense was $15.8 million, topping Street forecasts.

Territorial Bancorp shares have declined 19% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $25.13, a drop of 13% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TBNK at https://www.zacks.com/ap/TBNK

Automated Insights, source Associated Press News