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 2021

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Earnings data Q3 2024

Earnings data Q4 2024

Central Pacific Financial reports robust Q4 earnings and growth outlook

Central Pacific Financial (CPF) delivered a strong performance in Q4 2022, driven by robust loan and deposit growth, increased net interest income, and prudent expense management.
With a focus on the Hawaii market and solid asset quality, CPF remains well-positioned for growth despite potential challenges from expense increases and economic uncertainties.
Approval of a new share purchase authorization and a cash dividend underscore CPF's commitment to enhancing shareholder value and capitalizing on growth opportunities.

Central Pacific Financial (CPF) reports solid Q1 performance and strategic focus on risk management

Central Pacific Financial (CPF) delivered a strong performance in Q1 2023, supported by solid financial results, a focus on risk management, and conservative underwriting practices. While facing revenue challenges and inflationary pressures, the company remains well-positioned with a strong liquidity and capital position, emphasizing balance sheet strength and stability.

Central Pacific Financial Corp. reports stable Q2 earnings amidst Hawaii's economic strength

Central Pacific Financial Corp. delivered solid financial performance in Q2 2023, benefiting from Hawaii's strong economic environment. While facing challenges in credit risk management and operational efficiency, the company remains well-positioned to leverage opportunities for growth in loans and deposits. Shareholders can expect continued value through dividends and strategic initiatives.

Central Pacific Financial reports resilient Q3 performance amidst economic challenges

Central Pacific Financial (CPF) navigated Q3 2023 with solid financial performance, maintaining a focus on asset quality and prudent deposit growth strategies.
Despite challenges from external factors like the Maui wildfires, CPF's strong position in Hawaii's real estate market and disciplined financial approach bode well for future resilience.
By leveraging opportunities in the local market and enhancing customer relationships, CPF can drive sustainable growth and profitability in the evolving financial landscape.

Central Pacific Financial (CPF) reports stable Q4 earnings amidst tourism resilience

Central Pacific Financial (CPF) delivered solid financial performance in Q4 2023, maintaining strong asset quality and operational efficiency. While facing challenges with portfolio decreases and credit provisions, CPF remains well-positioned to capitalize on growth opportunities in Hawaii's tourism industry and strategic planning for future developments.

Central Pacific Financial reports solid Q1 earnings amidst economic optimism

Central Pacific Financial (CPF) delivered solid financial performance in Q1 2024, supported by strong asset quality and strategic initiatives.
While facing challenges in loan portfolio and credit risk management, CPF remains well-positioned to capitalize on opportunities for growth.
Management's proactive approach to financial management and market dynamics underscores CPF's resilience and adaptability.
CPF's long-standing reputation, industry recognition, and focus on operational efficiency are key strengths driving its performance.

Central Pacific Financial (CPF) posts strong Q2 results amidst economic challenges

Central Pacific Financial (CPF) reported a strong Q2 performance with notable improvements in key financial metrics. Despite challenges in the tourism sector, the company remains optimistic about future growth opportunities.

Central Pacific Financial (CPF) reports $13.3M net income in Q3 2024

Central Pacific Financial (CPF) delivered solid financial performance in Q3 2024, with a focus on maintaining asset quality and diversifying its loan portfolio. Despite challenges such as a decrease in the loan portfolio and operating expenses, the bank remains optimistic about future loan demand and Hawaii's economic stability. Shareholders received a quarterly cash dividend of $0.26 per share.

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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.

Central Pacific Financial Corp. (NYSE:CPF ) Q4 2022 Earnings Conference Call January 25, 2023 1:00 PM ET Company Participants David Morimoto - Senior Executive Vice President and Chief Financial Officer Arnold Martines - President and Chief Executive Officer Anna Hu - Executive Vice President and Chief Credit Officer Conference Call Participants David Feaster - Raymond James Andrew Liesch - Piper Sandler Laurie Hunsicker - Compass Point Operator Good afternoon, ladies and gentlemen. Thank you for standing by.

Central Pacific Financial Corp. (CPF) Q4 2022 Earnings Call Transcript

Central Pacific Financial (CPF) delivered earnings and revenue surprises of 21.31% and 1.89%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Central Pacific Financial (CPF) Beats 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 for the fourth quarter of 2022 of $20.2 million, compared to $16.7 million in the previous quarter and $22.3 million in the year-ago quarter. Fully diluted earnings per share ("EPS") of $0.74 for the fourth quarter of 2022 reflected a 21% increase from $0.61 in the previous quarter and a 8% decrease from $0.80 in the year-ago quarter. For the 2022 year, net income was $73.9 million, or EPS of $2.68, compared to net income of $79.9 million, or EPS of $2.83 last year.

Central Pacific Financial Reports Fourth Quarter Earnings of $20.2 Million and Full Year 2022 Earnings of $73.9 Million

HONOLULU--( BUSINESS WIRE )--Central Pacific Financial Corp. (NYSE: CPF), parent company of Central Pacific Bank, will release its fourth quarter 2022 earnings on January 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 p.m. Eastern Time (8 a.m. Hawaii Time) on January 25, 2023.

Central Pacific Financial Corp. Announces Conference Call to Discuss Fourth Quarter 2022 Financial Results

HONOLULU , Dec. 2, 2022 /PRNewswire/ -- Central Pacific Financial Corp. (NYSE: CPF), parent company of Central Pacific Bank (CPB), today announced the appointment of Jason Fujimoto as the newest member of its Board of Directors of both CPF and CPB, effective Jan. 1, 2023. Mr. Fujimoto will serve on both the CPF Board of Directors' Audit Committee and the CPB Board of Directors' Audit Committee.

JASON FUJIMOTO APPOINTED TO CPF AND CPB BOARD OF DIRECTORS

Central Pacific Financial is a Hawaii-focused local bank with just under $8B in total assets. The EPS in Q3 came in at just over 60 cents, resulting in a P/E multiple of less than 8.

Central Pacific Financial: A 5.4% Yield With A 45% Payout Ratio

Central Pacific Financial Corp. (NYSE:CPF ) Q3 2022 Results Conference Call October 21, 2022 1:00 PM ET Company Participants David Morimoto - Senior Executive Vice President, Chief Financial Officer Paul Yonamine - Chairman & CEO, CPF; Executive Chairman Catherine Ngo - Executive Vice Chair, CPF & CPB Arnold Martines - President & Chief Operating Officer Anna Hu - Executive Vice President and Chief Credit Officer Conference Call Participants Andrew Leach - Piper Sandler David Feaster - Raymond James Laurie Hunsicker - Compass Point Operator Good afternoon, ladies and gentlemen. Thank you for standing by.

Central Pacific Financial Corp. (CPF) Q3 2022 Earnings Call Transcript

Central Pacific Financial (CPF) delivered earnings and revenue surprises of 0% and 1.20%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Central Pacific Financial (CPF) Meets Q3 Earnings Estimates

Net income of $16.7 million, or $0.61 per diluted share for the quarter. ROA of 0.91% and ROE of 14.49% for the quarter.

CENTRAL PACIFIC FINANCIAL REPORTS THIRD QUARTER EARNINGS OF $16.7 MILLION

HONOLULU , Oct. 20, 2022 /PRNewswire/ -- Central Pacific Financial (NYSE CPF, the "Company") today announced the appointment of Arnold Martines to Chief Executive Officer (CEO) of CPF and Central Pacific Bank ("CPB", the "Bank") as well as to the boards of both entities.  All appointments are effective January 1, 2023.

CENTRAL PACIFIC FINANCIAL ANNOUNCES THE APPOINTMENT OF ARNOLD MARTINES TO CEO OF THE BANK AND HOLDING COMPANY

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Should Value Investors Buy CPB (CPF) Stock?

HONOLULU , Oct. 7, 2022 /PRNewswire/ -- Central Pacific Financial Corp. (NYSE: CPF), parent company of Central Pacific Bank, will release its third quarter 2022 earnings on October 21, 2022, 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.

CENTRAL PACIFIC FINANCIAL CORP. ANNOUNCES CONFERENCE CALL TO DISCUSS THIRD QUARTER 2022 FINANCIAL RESULTS

Central Pacific Financial Corp. (NYSE:CPF ) Q2 2022 Earnings Conference Call July 27, 2022 1:00 PM ET Company Participants David Morimoto - Senior Executive Vice President, Chief Financial Officer Paul Yonamine - Chairman & CEO, CPF; Executive Chairman Catherine Ngo - Executive Vice Chair, CPF & CPB Arnold Martines - President & Chief Operating Officer Anna Hu - Executive Vice President and Chief Credit Officer Conference Call Participants David Feaster - Raymond James Andrew Leach - Piper Sandler Laurie Hunsicker - Compass Point Operator Good afternoon, ladies and gentlemen, and thank you for standing by. Welcome to the Central Pacific Financial Corp. Second Quarter 2022 Conference Call.

Central Pacific Financial Corp. (CPF) CEO Paul Yonamine on Q2 2022 Results - Earnings Call Transcript

Central Pacific Financial (CPF) delivered earnings and revenue surprises of 16.36% and 12.65%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Central Pacific Financial (CPF) Surpasses Q2 Earnings and Revenue Estimates

Net income of $17.6 million, or $0.64 per diluted share for the quarter. ROA of 0.96% and ROE of 14.93% for the quarter.

CENTRAL PACIFIC FINANCIAL REPORTS SECOND QUARTER EARNINGS OF $17.6 MILLION

HONOLULU , July 13, 2022 /PRNewswire/ -- Central Pacific Financial Corp. (NYSE: CPF), parent company of Central Pacific Bank, will release its second quarter 2022 earnings on July 27, 2022, 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.

CENTRAL PACIFIC FINANCIAL CORP. ANNOUNCES CONFERENCE CALL TO DISCUSS SECOND QUARTER 2022 FINANCIAL RESULTS

Central Pacific Financial Corp. (NYSE:CPF ) Q1 2022 Earnings Conference Call April 20, 2022 1:00 PM ET Company Participants David Morimoto - Executive Vice President & Chief Financial Officer Paul Yonamine - Chairman and Chief Executive Officer Catherine Ngo - President Arnold Martines - Executive Vice President & Chief Banking Officer Anna Hu - Executive Vice President and Chief Credit Officer. Conference Call Participants David Feaster - Raymond James Andrew Liesch - Piper Sandler Laurie Hunsicker - Compass Point Operator 00:02 Good afternoon, ladies and gentlemen, and thank you for standing by.

Central Pacific Financial Corp. (CPF) CEO Paul Yonamine on Q1 2022 Results - Earnings Call Transcript

Central Pacific Financial (CPF) delivered earnings and revenue surprises of 27.27% and 3.82%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Central Pacific Financial (CPF) Q1 Earnings Surpass Estimates

Net income of $19.4 million, or $0.70 per diluted share for the quarter. ROA of 1.06% and ROE of 14.44% for the quarter.

CENTRAL PACIFIC FINANCIAL REPORTS FIRST QUARTER EARNINGS OF $19.4 MILLION

HONOLULU , April 6, 2022 /PRNewswire/ -- Central Pacific Financial Corp. (NYSE: CPF), parent company of Central Pacific Bank, will release its first quarter 2022 earnings on April 20, 2022, 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.

CENTRAL PACIFIC FINANCIAL CORP. ANNOUNCES CONFERENCE CALL TO DISCUSS FIRST QUARTER 2022 FINANCIAL RESULTS

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Central Pacific Financial Corp. (CPF) CEO Paul Yonamine on Q4 2021 Results - Earnings Call Transcript

Central Pacific Financial (CPF) delivered earnings and revenue surprises of 25% and 0.85%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Central Pacific Financial (CPF) Q4 Earnings and Revenues Surpass Estimates

HONOLULU , Jan. 26, 2022 /PRNewswire/ -- Central Pacific Financial Corp. (NYSE: CPF) (the "Company"), parent company of Central Pacific Bank (the "Bank"), today reported record net income for the fourth quarter and the 2021 year. Net income for the quarter was $22.3 million, or fully diluted earnings per share ("EPS") of $0.80, compared to net income in the fourth quarter of 2020 of $12.2 million, or EPS of $0.43, and net income in the third quarter of 2021 of $20.8 million, or EPS of $0.74.

CENTRAL PACIFIC FINANCIAL ANNOUNCES RECORD EARNINGS AND LAUNCHES NEW BANKING-AS-A-SERVICE INITIATIVE TO DRIVE MAINLAND EXPANSION

Central Pacific Financial (CPF) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

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