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PART THREE OF FIVE: Pacific Century Financial Corporation Reports Second Quarter Earnings of $0.08 Per Share

BW0030 JUL 20,2000 2:28 PACIFIC 5:28 EASTERN

( BW)(HI-PACIFIC-CENTURY)(BOH) PART THREE OF FIVE: Pacific Century Financial Corporation Reports Second Quarter Earnings of $0.08 Per Share

Business Editors

PART THREE OF FIVE

Pacific Century Financial Corporation and subsidiaries

Consolidated Average Balances and Interest Rates Taxable Equivalent

                              (Unaudited)

                                                Three Months Ended
                                                  June 30, 2000
                                           Average  Income/    Yield/
(in millions of dollars)                   Balance  Expense      Rate

Earning Assets

 Interest Bearing Deposits                  $220.0     $3.6     6.49%
 Investment Securities
  Held to Maturity
  -Taxable                                   723.3     13.3      7.41
  -Tax-Exempt                                  8.3      0.4     18.04
 Investment Securities
  Available for Sale                       2,514.8     41.2      6.58
 Funds Sold                                   32.2      0.5      6.13
 Net Loans
  -Domestic                                8,104.4    167.7      8.32
  -Foreign                                 1,532.5     25.0      6.58
 Loan Fees                                             9.0

  Total Earning Assets                    13,135.5    260.7      7.98
Cash and Due From Banks                      444.0
Other Assets                                 638.9

  Total Assets                           $14,218.4

Interest Bearing Liabilities

 Domestic Deposits
  -Demand                                 $2,097.8     12.3      2.36
  -Savings                                   691.5      3.5      2.03
  -Time                                    2,744.0     36.4      5.33

  Total Domestic                           5,533.3     52.2      3.79
 Foreign Deposits
   -Time Due to Banks                        422.0      6.2      5.90
   -Other Time and Savings                 1,133.8     12.4      4.42

  Total Foreign                            1,555.8     18.6      4.82

  Total Interest Bearing
   Deposits                                7,089.1     70.8      4.02
Short-Term Borrowings                      2,728.1     37.3      5.49
Long-Term Debt                               807.2     13.3      6.64

  Total Interest Bearing
   Liabilities                            10,624.4    121.4      4.59

Net Interest Income                                   139.3
Interest Rate Spread                                            3.39%
Net Interest Margin                                             4.27%
Demand Deposits
  -Domestic                                1,666.5
  -Foreign                                   366.0

Total Demand Deposits                      2,032.5
Other Liabilities                            331.5
Shareholders' Equity                       1,230.0

  Total Liabilities and
   Shareholders' Equity                  $14,218.4

Provision for Loan Losses                              83.4
Net Overhead                                           48.3

Income Before Income Taxes                              7.6
Provision for Income Taxes                              0.2
Tax-Equivalent Adjustment                               0.7

Net Income                                             $6.7


                                                 Three Months Ended
                                                    June 30, 1999
                                           Average   Income/   Yield/
(in millions of dollars)                   Balance   Expense     Rate

Earning Assets

 Interest Bearing Deposits                  $458.9      $6.5    5.65%
 Investment Securities
  Held to Maturity
  -Taxable                                   831.8      14.9     7.19
  -Tax-Exempt                                 11.7       0.4    14.55
 Investment Securities
  Available for Sale                       2,715.0      41.9     6.19
 Funds Sold                                  155.0       1.7     4.31
 Net Loans
  -Domestic                                7,696.3     150.0     7.82
  -Foreign                                 1,676.7      28.1     6.71
 Loan Fees                                              11.7

  Total Earning Assets                    13,545.4     255.2     7.56
Cash and Due From Banks                      485.1
Other Assets                                 596.5

  Total Assets                           $14,627.0

Interest Bearing Liabilities

 Domestic Deposits
  -Demand                                 $2,145.7      12.0     2.25
  -Savings                                   728.7       3.7     2.03
  -Time                                    2,499.7      30.0     4.81

  Total Domestic                           5,374.1      45.7     3.41
 Foreign Deposits
  -Time Due to Banks                         681.1       8.3     4.89
  -Other Time and Savings                  1,155.2       9.5     3.28

  Total Foreign                            1,836.3      17.8     3.88

  Total Interest Bearing
   Deposits                                7,210.4      63.5     3.53
Short-Term Borrowings                      3,107.3      36.4     4.71
Long-Term Debt                               654.3      10.7     6.57

  Total Interest Bearing
   Liabilities                            10,972.0     110.6     4.04

Net Interest Income                                    144.6
Interest Rate Spread                                            3.52%
Net Interest Margin                                             4.28%
Demand Deposits
  -Domestic                                1,669.5
  -Foreign                                   396.1

Total Demand Deposits                      2,065.6
Other Liabilities                            376.5
Shareholders' Equity                       1,212.9

  Total Liabilities and
   Shareholders' Equity                  $14,627.0

Provision for Loan Losses                               13.9
Net Overhead                                            68.5

Income Before Income Taxes                              62.2
Provision for Income Taxes                              23.5
Tax-Equivalent Adjustment                                0.2


Net Income                                             $38.5


                                                 Six Months Ended
                                                  June 30, 2000
                                           Average   Income/    Yield/
(in millions of dollars)                   Balance   Expense      Rate

Earning Assets

 Interest Bearing Deposits                  $226.0      $7.3     6.51%
 Investment Securities
  Held to Maturity
  -Taxable                                   749.4      27.6      7.40
  -Tax-Exempt                                  9.1       0.8     17.65
 Investment Securities
  Available for Sale                       2,520.9      82.2      6.56
 Funds Sold                                   33.6       1.0      5.83
 Net Loans
  -Domestic                                8,001.2     334.5      8.41
  -Foreign                                 1,559.3      49.9      6.44
 Loan Fees                                              17.2

  Total Earning Assets                    13,099.5     520.5      7.99
Cash and Due From Banks                      475.3
Other Assets                                 635.1

  Total Assets                           $14,209.9

Interest Bearing Liabilities

 Domestic Deposits
  -Demand                                 $2,106.7      24.5      2.34
  -Savings                                   695.8       7.0      2.03
  -Time                                    2,754.4      71.5      5.22

  Total Domestic                           5,556.9     103.0      3.73
 Foreign Deposits
  -Time Due to Banks                         454.9      13.2      5.84
  -Other Time and Savings                  1,127.7      22.8      4.06

  Total Foreign                            1,582.6      36.0      4.57

  Total Interest Bearing
   Deposits                                7,139.5     139.0      3.92
Short-Term Borrowings                      2,677.4      76.4      5.74
Long-Term Debt                               790.1      26.0      6.62

  Total Interest Bearing
   Liabilities                            10,607.0     241.4      4.58

Net Interest Income                                    279.1
Interest Rate Spread                                             3.41%
Net Interest Margin                                              4.28%
Demand Deposits
  -Domestic                                1,665.0
  -Foreign                                   392.8

Total Demand Deposits                      2,057.8
Other Liabilities                            324.1
Shareholders' Equity                       1,221.0

  Total Liabilities and
   Shareholders' Equity                  $14,209.9

Provision for Loan Losses                               96.9
Net Overhead                                           110.5

Income Before Income Taxes                              71.7
Provision for Income Taxes                              24.2
Tax-Equivalent Adjustment                                1.0

Net Income                                             $46.5


                                                Six Months Ended
                                                  June 30, 1999
                                           Average   Income/   Yield/
(in millions of dollars)                   Balance   Expense     Rate

Earning Assets

 Interest Bearing Deposits                  $462.7     $14.7    6.40%
 Investment Securities
  Held to Maturity
  -Taxable                                   811.0      28.6     7.11
  -Tax-Exempt                                 11.7       0.8    14.64
 Investment Securities
  Available for Sale                       2,764.9      83.7     6.10
 Funds Sold                                  181.5       4.3     4.80
 Net Loans
  -Domestic                                7,737.0     307.0     8.00
  -Foreign                                 1,695.1      55.4     6.59
 Loan Fees                                              21.3

  Total Earning Assets                    13,663.9     515.8     7.61
Cash and Due From Banks                      501.2
Other Assets                                 645.2

  Total Assets                           $14,810.3

Interest Bearing Liabilities

 Domestic Deposits
  -Demand                                 $2,154.8      24.0     2.25
  -Savings   -Savings                        731.9       7.4     2.02
  -Time      -Time                         2,554.9      61.5     4.86

  Total Domestic                           5,441.6      92.9     3.44
 Foreign Deposits
  -Time Due to Banks                         667.0      16.9     5.12
  -Other Time and Savings                  1,157.6      20.0     3.48

  Total Foreign                            1,824.6      36.9     4.08

  Total Interest Bearing
   Deposits                                7,266.2     129.8     3.60
Short-Term Borrowings                      3,261.2      76.9     4.75
Long-Term Debt                               631.1      20.6     6.58

  Total Interest Bearing
   Liabilities                            11,158.5     227.3     4.11

Net Interest Income                                    288.5
Interest Rate Spread                                            3.50%
Net Interest Margin                                             4.26%
Demand Deposits
  -Domestic                                1,657.0
  -Foreign                                   422.0

Total Demand Deposits                      2,079.0
Other Liabilities                            367.9
Shareholders' Equity                       1,204.9

  Total Liabilities and
   Shareholders' Equity                  $14,810.3

Provision for Loan Losses                               26.5
Net Overhead                                           142.2

Income Before Income Taxes                             119.8
Provision for Income Taxes                              45.6
Tax-Equivalent Adjustment                                0.3

Net Income                                             $73.9

                      (END OF PART THREE OF FIVE)



    CONTACT: Pacific Century Financial Corporation
             Stafford Kiguchi, 808/537-8580 (Media Inquiries)
             Pager: 808 363-5383
             Sharlene Bliss, 808/537-8037 (Investor/Analyst Inquiries)