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.

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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.

HONOLULU, Jan. 12, 2022 /PRNewswire/ -- Central Pacific Financial Corp. (NYSE: CPF), parent company of Central Pacific Bank, will release its fourth quarter 2021 earnings on January 26, 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 FOURTH QUARTER 2021 FINANCIAL RESULTS

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HONOLULU, Nov. 1, 2021 /PRNewswire/ -- Central Pacific Financial Corp. (NYSE: "CPF", the "Company), parent company of Central Pacific Bank ("CPB", the "Bank"), today announced the appointment of Jonathan B. Kindred as director of the boards of CPF and CPB.

Central Pacific Financial Corp. Appoints Jonathan B. Kindred to Board of Directors

Central Pacific Financial Corp. (CPF) CEO Paul Yonamine on Q3 2021 Results - Earnings Call Transcript

Central Pacific Financial (CPF) delivered earnings and revenue surprises of 23.33% and 4.43%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Central Pacific Financial (CPF) Tops Q3 Earnings and Revenue Estimates

Central Pacific Financial (NYSE:CPF) reported its Q3 earnings results on Wednesday, October 27, 2021 at 06:30 AM. Here's what investors need to know about the announcement.

Recap: Central Pacific Financial Q3 Earnings

HONOLULU, Oct. 27, 2021 /PRNewswire/ -- Central Pacific Financial Corp. (NYSE: CPF) (the "Company"), parent company of Central Pacific Bank (the "Bank"), today reported net income in the third quarter of 2021 of $20.8 million, or fully diluted earnings per share ("EPS") of $0.74, compared to net income in the third quarter of 2020 of $6.9 million, or EPS of $0.24, and net income in the second quarter of 2021 of $18.7 million, or EPS of $0.66. "We are very pleased with our third quarter results which were driven by the investments in talent, technology and infrastructure we have made over the last two years," said Paul Yonamine, Chairman and Chief Executive Officer.

Central Pacific Financial Corp. Reports $20.8 Million Third Quarter Earnings And Increases Cash Dividend

HONOLULU, Oct. 26, 2021 /PRNewswire/ -- Paul Yonamine, Chairman and CEO of Central Pacific Financial (NYSE CPF, the "Company") and Executive Chairman of Central Pacific Bank ("CPB", the "Bank"), and Catherine Ngo, President of CPF and CPB, today announced the following executive leadership promotions, effective January 1, 2022: Arnold Martines, 57, from Executive Vice President and Chief Banking Officer of CPF and CPB to President and Chief Operating Officer of the two entities. David Morimoto, 53, from Executive Vice President and Chief Financial Officer of CPF and CPB, to Senior Executive Vice President and Chief Financial Officer of both entities.

Central Pacific Bank Announces Executive Leadership Promotions

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.

Central Pacific Financial (CPF) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

HONOLULU, Oct. 13, 2021 /PRNewswire/ -- Central Pacific Financial Corp. (NYSE: CPF), parent company of Central Pacific Bank, will release its third quarter 2021 earnings on October 27, 2021, 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 Third Quarter 2021 Financial Results

CPB (CPF) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

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Central Pacific Financial Corp. (CPF) CEO Paul Yonamine on Q2 2021 Results - Earnings Call Transcript

Central Pacific Financial (CPF) delivered earnings and revenue surprises of 15.79% and 1.84%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

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

Shares of Central Pacific Financial (NYSE:CPF) were unchanged after the company reported Q2 results. Quarterly Results Earnings per share were up 88.57% over the past year to $0.66, which beat the estimate of $0.55.

Recap: Central Pacific Financial Q2 Earnings

HONOLULU, July 28, 2021 /PRNewswire/ -- Central Pacific Financial Corp. (NYSE: CPF) (the "Company"), parent company of Central Pacific Bank (the "Bank"), today reported net income in the second quarter of 2021 of $18.7 million, or fully diluted earnings per share ("EPS") of $0.66, compared to net income in the second quarter of 2020 of $9.9 million, or EPS of $0.35, and net income in the first quarter of 2021 of $18.0 million, or EPS of $0.64. "We are pleased to report very strong financial results with quarterly pre-tax income reaching a new high since 2007," said Paul Yonamine, Chairman and Chief Executive Officer.

Central Pacific Financial Corp. Reports Increase In Second Quarter Earnings To $18.7 Million

HONOLULU, July 14, 2021 /PRNewswire/ -- Central Pacific Financial Corp. (NYSE: CPF), parent company of Central Pacific Bank, will release its second quarter 2021 earnings on July 28, 2021, 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 2021 Financial Results

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Central Pacific Financial Corp. (CPF) CEO Paul Yonamine on Q1 2021 Results - Earnings Call Transcript

Central Pacific Financial (CPF) delivered earnings and revenue surprises of 25.49% and -4.02%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

Central Pacific Financial (CPF) Q1 Earnings Beat Estimates

HONOLULU, April 28, 2021 /PRNewswire/ -- Central Pacific Financial Corp. (NYSE: CPF) (the "Company"), parent company of Central Pacific Bank (the "Bank"), today reported net income in the first quarter of 2021 of $18.0 million, or fully diluted earnings per share ("EPS") of $0.64, compared to net income in the first quarter of 2020 of $8.3 million, or EPS of $0.29, and net income in the fourth quarter of 2020 of $12.2 million, or EPS of $0.43. "Central Pacific Financial Corp.'s first quarter 2021 results are the highest quarterly pre-tax income we have reported since 2007.

Central Pacific Financial Corp. Reports $18.0 Million First Quarter Earnings And Increases Cash Dividend

HONOLULU, April 14, 2021 /PRNewswire/ -- Central Pacific Financial Corp. (NYSE: CPF), parent company of Central Pacific Bank, will release its first quarter 2021 earnings on April 28, 2021, 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 2021 Financial Results

Central Pacific Financial has a pure focus on Hawaii, where residential real estate prices have remained relatively stable. This helped the bank to keep its loan portfolio very strong, and a high loan loss provision in 2020 likely means the bank had a conservative approach.

Central Pacific Financial: The Focus On Real Estate Pays Off

As of late, it has definitely been a great time to be an investor of Central Pacific Financial (CPF)

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