Central Pacific Financial

Central Pacific Financial Corp. is a bank holding company, which engages in the provision of commercial banking services through its wholly owned subsidiary, Central Pacific Bank. It operates through the following segments: Banking Operations, Treasury, and All Others. The Banking Operations segment includes construction and real estate development lending, commercial lending, residential mortgage lending and servicing, indirect auto lending, trust services, and retail brokerage services. The Treasury segment is involved in managing the company's investment securities portfolio and wholesale funding activities. The All-Others segment consists of electronic banking, data processing, and management of bank owned properties. The company was founded on February 1, 1982 and is headquartered in Honolulu, HI.

Earnings data Q1 2024

CPF reports solid Q1 performance, eyes growth opportunities

CPF's Q1 2023 performance was solid, with stable income and asset quality. The company has strong liquidity and capital, and is well-positioned in the Hawaii market. However, revenue challenges and efficiency opportunities require management's attention. The focus on higher-yielding loan opportunities presents potential for growth.

Central Pacific Financial Corp. reports strong Q2 performance amidst Hawaii market opportunities

Central Pacific Financial Corp. delivered a strong performance in Q2 2023, with a focus on the Hawaii market's favorable conditions. The company's strengths in asset quality and conservative underwriting policies position it well for future growth. However, it faces challenges in managing expenses and addressing revenue headwinds, presenting opportunities for strategic initiatives.

CPF reports resilient Q3 performance amidst Maui wildfire challenges

CPF's Q3 2023 performance showcased resilience in the face of external challenges, with solid financial results and prudent credit management. The company navigated the impact of the Maui wildfires on the Hawaii tourism industry, highlighting its ability to adapt to adverse conditions while maintaining a strong financial position.

Central Pacific Financial Corp. reports solid Q4 performance and optimistic outlook

Central Pacific Financial Corp. demonstrated strong financial performance in Q4 2023, with a focus on balance sheet strengthening and recognition as a top regional bank. While challenges such as environmental risks and uncertainties around Fed cuts were acknowledged, opportunities in loan growth and capital management were also highlighted.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Central Pacific Financial Corp. is a bank holding company, which engages in the provision of commercial banking services through its wholly owned subsidiary Central Pacific Bank. The firm offers wealth management, personal and business banking. It also provides loan services for commercial and industrial, real estate, and consumer. The company was founded on February 1, 1982 and is headquartered in Honolulu, HI.

HONOLULU--(BUSINESS WIRE)--Central Pacific Financial Corp. (NYSE: CPF), parent company of Central Pacific Bank, will release its first quarter 2024 earnings on April 24, 2024, before the open of the New York Stock Exchange. Management will review the results by conference call and live audio webcast beginning at 1:00 p.m. Eastern Time (7:00 a.m. Hawaii Time) on April 24, 2024. Interested parties may listen to the conference by calling 1-800-715-9871 (conference ID: 1551295), or by listening to.

Central Pacific Financial Corp. Announces Conference Call to Discuss First Quarter 2024 Financial Results

HONOLULU--(BUSINESS WIRE)--After 20 years of faithful service, Christine Camp, president and CEO of the Avalon Group, has decided to step down from the boards of Central Pacific Financial (CPF) and Central Pacific Bank (CPB), effective immediately. Camp has a long tenure with the bank, having served on the boards since 2004. “I have been fortunate to be a part of the CPB family for 20 years and, throughout that time, the one constant has been the bank's commitment to its customers, employees an.

Christine Camp Stepping Down From Central Pacific Financial and Central Pacific Bank Boards of Directors

Central Pacific Financial Corp. (CPF) Q4 2023 Earnings Call Transcript

The headline numbers for Central Pacific Financial (CPF) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Central Pacific Financial (CPF) Reports Q4 Earnings: What Key Metrics Have to Say

Central Pacific Financial (CPF) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.48 per share. This compares to earnings of $0.74 per share a year ago.

Central Pacific Financial (CPF) Tops Q4 Earnings and Revenue Estimates

HONOLULU--(BUSINESS WIRE)--Central Pacific Financial Corp. (NYSE: CPF) (the "Company"), parent company of Central Pacific Bank (the "Bank" or "CPB"), today reported net income of $14.9 million, or fully diluted earnings per share ("EPS") of $0.55 for the fourth quarter of 2023, compared to net income of $13.1 million, or EPS of $0.49 in the previous quarter and net income of $20.2 million, or EPS of $0.74 in the year-ago quarter. For the 2023 year, net income was $58.7 million, or EPS of $2.17,.

Central Pacific Financial Reports Fourth Quarter Earnings of $14.9 Million and Full Year 2023 Earnings of $58.7 Million

Get a deeper insight into the potential performance of Central Pacific Financial (CPF) for the quarter ended December 2023 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

Central Pacific Financial (CPF) Q4 Earnings Preview: What You Should Know Beyond the Headline Estimates

HONOLULU--(BUSINESS WIRE)--Central Pacific Financial Corp. (NYSE: CPF), parent company of Central Pacific Bank, will release its fourth quarter 2023 earnings on January 31, 2024, before the open of the New York Stock Exchange. Management will review the results by conference call and live audio webcast beginning at 1 p.m. Eastern Time (8 a.m. Hawaii Time) on January 31, 2024. Interested parties may listen to the conference by calling 1-888-510-2553 (conference ID: 9816541), or by listening to t.

Central Pacific Financial Corp. Announces Conference Call to Discuss Fourth Quarter 2023 Financial Results

American Assets

Ares Commercial Real Estate

Ally Financial

Apollo Commercial Real Estate Finance

Axos Financial Inc.

Barings BDC Inc

Bain Capital Specialty Finance Inc

Brandywine Realty

Broadridge Financial

Chimera Investment

CION Investment Corp

Easterly Government Properties

Euronet Worldwide

Eagle Bancorp

Fidus Investment

First Interstate BancSystem

Shift4 Payments

GCM Grosvenor Inc

Green Dot

Highwoods Properties

Robinhood

Healthcare Realty Trust Inc

KeyCorp

Kimco Realty

KKR Real Estate Finance Trust

LTC Properties

Moelis

Medical Properties Trust

Marqeta

nCino, Inc.

Newtek Business Services

National Health Investors

Bank of N.T. Butterfield & Son

Nuvei Corp

NexPoint Residential Trust

New York Mortgage Trust

Orchid Island Capital

Patria Investments

Piedmont Office Realty Trust

PennyMac Mortgage Investment

Prudential Financial

Prospect Capital

Runway Growth Finance Corp

Stifel Financial

Solar Capital

Spirit Realty Capital

SS&C Technologies Hlds

STAG Industrial

TCP Capital

Toast

Tradeweb Markets

UMH Properties

Washington Trust Bancorp

W. P. Carey

Western Union

NEW YORK, Dec. 08, 2023 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE: SF), announces the upcoming index rebalancing for the fourth quarter of 2023.

KBW Announces Index Rebalancing for Fourth-Quarter 2023

HONOLULU--(BUSINESS WIRE)--Central Pacific Financial Corp. (NYSE: CPF), parent company of Central Pacific Bank (CPB), today announced the appointment of Robert Nobriga as a member of its board of directors of both CPF and CPB, effective January 1, 2024. "Rob Nobriga has nearly 30 years of experience in local financial services, providing him with a wealth of knowledge and a valuable perspective that he can bring to CPB," said Arnold Martines, President and CEO. "I look forward to working closel.

Local Business Leader Robert Nobriga Named to CPF and CPB Board of Directors

Central Pacific Financial Corp. (NYSE:CPF ) Q3 2023 Results Conference Call October 25, 2023 1:00 PM ET Company Participants Dayna Matsumoto - Group Senior Vice President and Director of Finance and Accounting Arnold Martines - President and Chief Executive Officer David Morimoto - Senior Executive, Vice President and Chief Financial Officer Anna Hu - Executive Vice President and Chief Credit Officer Conference Call Participants Andrew Liesch - Piper Sandler David Feaster - Raymond James Operator Good afternoon, ladies and gentlemen. Thank you for standing by.

Central Pacific Financial Corp. (CPF) Q3 2023 Earnings Call Transcript

While the top- and bottom-line numbers for Central Pacific Financial (CPF) give a sense of how the business performed in the quarter ended September 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Here's What Key Metrics Tell Us About Central Pacific Financial (CPF) Q3 Earnings

HONOLULU--(BUSINESS WIRE)--Central Pacific Financial Corp. (NYSE: CPF) (the "Company"), parent company of Central Pacific Bank (the "Bank" or "CPB"), today reported net income of $13.1 million, or fully diluted earnings per share ("EPS") of $0.49 for the third quarter of 2023, compared to net income of $14.5 million, or EPS of $0.53 in the previous quarter and net income of $16.7 million, or EPS of $0.61 in the year-ago quarter. Pre-provision net revenue ("PPNR"), or net income excluding provis.

Central Pacific Financial Reports Third Quarter Earnings of $13.1 Million

HONOLULU--(BUSINESS WIRE)--Central Pacific Financial Corp. (NYSE: CPF), parent company of Central Pacific Bank, will release its third quarter 2023 earnings on October 25, 2023, before the open of the New York Stock Exchange. Management will review the results by conference call and live audio webcast beginning at 1:00 p.m. Eastern Time (7:00 a.m. Hawaii Time) on October 25, 2023. Interested parties may listen to the conference by calling 1-888-510-2553 (conference ID: 9816541), or by listening.

Central Pacific Financial Corp. Announces Conference Call to Discuss Third Quarter 2023 Financial Results

Bank of Hawaii

First Hawaiian

Hawaiian Hlds

Hawaiian Electric Industries

Host Hotels & Resorts

Matson

Maui Land & Pineapple

Devastating Maui wildfires have placed Hawaii-related stocks on investors' radar. Hawaii Electric faces lawsuit for role in blaze.

Maui Wildfires: Investors Assess Hawaii-Related Stocks, Power Provider Faces Lawsuit

Central Pacific Financial Corp (CPF) Q2 2023 Earnings Call Transcript

I have slashed my earnings estimate as I've reduced both my margin and loan growth estimates for the year following the first half's disappointing results. CPF is offering a dividend yield of 5.8%. Despite the earnings outlook, the dividend payout appears safe. The year-end target price suggests a moderately-high upside from the current market price.

Central Pacific Financial: Dividend Is Attractive But Earnings Outlook Is Worrisome

Although the revenue and EPS for Central Pacific Financial (CPF) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Central Pacific Financial (CPF) Reports Q2 Earnings: What Key Metrics Have to Say

Central Pacific Financial (CPF) came out with quarterly earnings of $0.53 per share, missing the Zacks Consensus Estimate of $0.54 per share. This compares to earnings of $0.64 per share a year ago.

Central Pacific Financial (CPF) Q2 Earnings and Revenues Miss Estimates

HONOLULU--(BUSINESS WIRE)--Central Pacific Financial Corp. (NYSE: CPF) (the "Company"), parent company of Central Pacific Bank (the "Bank" or "CPB"), today reported net income for the second quarter of 2023 of $14.5 million, or fully diluted earnings per share ("EPS") of $0.53, compared to net income of $16.2 million, or EPS of $0.60 in the previous quarter and net income of $17.6 million, or EPS of $0.64 in the year-ago quarter. Pre-provision net revenue ("PPNR"), or net income excluding provi.

Central Pacific Financial Reports Second Quarter Earnings of $14.5 Million

HONOLULU--(BUSINESS WIRE)--Central Pacific Financial Corp. (NYSE: CPF), parent company of Central Pacific Bank, will release its second quarter 2023 earnings on July 26, 2023, before the open of the New York Stock Exchange. Management will review the results by conference call and live audio webcast beginning at 1:00 p.m. Eastern Time (7:00 a.m. Hawaii Time) on July 26, 2023. Interested parties may listen to the conference by calling 1-888-510-2553 (conference ID: 9816541), or by listening to t.

Central Pacific Financial Corp. Announces Conference Call to Discuss Second Quarter 2023 Financial Results

Live Oak Bancshares

PacWest Bancorp

SoFi Technologies

StoneCo

The sharp rise in interest rates has flipped the banking model on its head for some banks.

Banking Crisis 2023: Before Buying or Selling Bank Stocks, Do This

Central Pacific Financial Corp (CPF) Q1 2023 Earnings Call Transcript.

Central Pacific Financial Corp (CPF) Q1 2023 Earnings Call Transcript

Central Pacific Financial (CPF) came out with quarterly earnings of $0.60 per share, beating the Zacks Consensus Estimate of $0.55 per share. This compares to earnings of $0.70 per share a year ago.

Central Pacific Financial (CPF) Tops Q1 Earnings and Revenue Estimates

HONOLULU--(BUSINESS WIRE)--Central Pacific Financial Corp. (NYSE: CPF) (the "Company"), parent company of Central Pacific Bank (the "Bank" or "CPB"), today reported net income for the first quarter of 2023 of $16.2 million, or fully diluted earnings per share ("EPS") of $0.60, compared to net income of $20.2 million, or EPS of $0.74 in the previous quarter and net income of $19.4 million, or EPS of $0.70 in the year-ago quarter. "We are pleased with our first quarter financial results, highligh.

Central Pacific Financial Reports First Quarter Earnings of $16.2 Million

News for Central Pacific Financial Stock (CPF)