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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Earnings data Q2 2024

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 ) Q3 2024 Earnings Conference Call October 30, 2024 1:00 PM ET Company Participants Dayna Matsumoto - Group Senior Vice President, Director Finance & Accounting & Controller Arnold Martines - Chairman, President & Chief Executive Officer David Morimoto - Senior Executive Vice President & Chief Financial Officer Ralph Mesick - Senior Executive Vice President & Chief Risk Officer Conference Call Participants David Feaster - Raymond James Andrew Liesch - Piper Sandler Operator Good afternoon, ladies and gentlemen. Thank you for standing by and welcome to the Central Pacific Financial Corp. Third Quarter 2024 Conference Call.

Central Pacific Financial Corp. (CPF) Q3 2024 Earnings Call Transcript

Although the revenue and EPS for Central Pacific Financial (CPF) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

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

Central Pacific Financial (CPF) came out with quarterly earnings of $0.58 per share, beating the Zacks Consensus Estimate of $0.56 per share. This compares to earnings of $0.49 per share a year ago.

Central Pacific Financial (CPF) Q3 Earnings and Revenues Top 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 $13.3 million, or fully diluted earnings per share ("EPS") of $0.49 for the third quarter of 2024, compared to net income of $15.8 million, or EPS of $0.58 in the previous quarter and net income of $13.1 million, or EPS of $0.49 in the year-ago quarter. Results for the third quarter of 2024 were impacted by $3.1 millio.

Central Pacific Financial Reports Third Quarter 2024 Earnings

HONOLULU--(BUSINESS WIRE)--Central Pacific Financial Corp. (NYSE: CPF), parent company of Central Pacific Bank, will release its third quarter 2024 earnings on October 30, 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 October 30, 2024. Interested parties may listen to the conference by calling 1-800-715-9871 (conference ID: 6299769), or by listening.

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

Central Pacific Financial (CPF) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

Central Pacific Financial (CPF) Surges 6.2%: Is This an Indication of Further Gains?

RICHARDSON, Texas--(BUSINESS WIRE)--ARGO, the leading provider of high-value mission-critical software for the financial services and healthcare industries, announced today that Honolulu-based Central Pacific Bank (CPB), the primary subsidiary of Central Pacific Corporation (NYSE: CPF), has selected ARGO Connects to drive monetary transaction processing, Omni customer acquisition, customer journey experience, fulfillment, and service across physical and digital channels. “Utilizing ARGO solutio.

Central Pacific Bank Selects ARGO's Suite of Retail Banking Software

Central Pacific Financial Corp. (NYSE:CPF ) Q2 2024 Earnings Conference Call July 31, 2024 1:00 PM ET Company Participants Dayna Matsumoto - Group Senior Vice President, Director Finance & Accounting & Controller Arnold Martines - Chairman, President & Chief Executive Officer David Morimoto - Senior Executive Vice President & Chief Financial Officer Anna Hu - Executive Vice President and Chief Credit Officer Conference Call Participants David Feaster - Raymond James Andrew Liesch - Piper Sandler Operator Good afternoon, ladies and gentlemen. Thank you for standing by and welcome to the Central Pacific Financial Corp. Second Quarter 2024 Conference Call.

Central Pacific Financial Corp. (CPF) Q2 2024 Earnings Call Transcript

Although the revenue and EPS for Central Pacific Financial (CPF) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Compared to Estimates, Central Pacific Financial (CPF) Q2 Earnings: A Look at Key Metrics

Central Pacific Financial (CPF) came out with quarterly earnings of $0.58 per share, beating the Zacks Consensus Estimate of $0.48 per share. This compares to earnings of $0.53 per share a year ago.

Central Pacific Financial (CPF) Beats Q2 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 $15.8 million, or fully diluted earnings per share ("EPS") of $0.58 for the second quarter of 2024, compared to net income of $12.9 million, or EPS of $0.48 in the previous quarter and net income of $14.5 million, or EPS of $0.53 in the year-ago quarter. "We continue to navigate the current environment and positive tre.

Central Pacific Financial Reports Second Quarter 2024 Earnings of $15.8 Million

HONOLULU--(BUSINESS WIRE)--Central Pacific Financial Corp. (NYSE: CPF), parent company of Central Pacific Bank, will release its second quarter 2024 earnings on July 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 1:00 p.m. Eastern Time (7:00 a.m. Hawaii Time) on July 31, 2024. Interested parties may listen to the conference by calling 1-800-715-9871 (conference ID: 9836028), or by listening to t.

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

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Central Pacific Financial (CPF) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Central Pacific Financial (CPF) Upgraded to Strong Buy: Here's What You Should Know

Central Pacific's (CPF) solid loans and deposit balance, balance sheet optimization efforts and swap initiatives are likely to aid its financials. This makes the stock an attractive pick for investors.

Here's Why Central Pacific (CPF) Stock is Worth Betting on

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.

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Central Pacific Financial Corp. (NYSE:CPF ) Q1 2024 Earnings Conference Call April 24, 2024 1:00 PM ET Company Participants Dayna Matsumoto - Group Senior Vice President and Director of Finance and Accounting Arnold Martines - President and CEO David Morimoto - Senior Executive Vice President and CFO Anna Hu - Executive Vice President and Chief Credit Officer Conference Call Participants David Feaster - Raymond James Andrew Liesch - Piper Sandler Operator Good afternoon, ladies and gentlemen. Thank you for standing by, and welcome to the Central Pacific Financial Corp. First Quarter 2024 Conference Call.

Central Pacific Financial Corp. (CPF) Q1 2024 Earnings Call Transcript

Although the revenue and EPS for Central Pacific Financial (CPF) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Compared to Estimates, Central Pacific Financial (CPF) Q1 Earnings: A Look at Key Metrics

Central Pacific Financial (CPF) came out with quarterly earnings of $0.48 per share, beating the Zacks Consensus Estimate of $0.45 per share. This compares to earnings of $0.60 per share a year ago.

Central Pacific Financial (CPF) Q1 Earnings and Revenues Top 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 $12.9 million, or fully diluted earnings per share ("EPS") of $0.48 for the first quarter of 2024, compared to net income of $14.9 million, or EPS of $0.55 in the previous quarter and net income of $16.2 million, or EPS of $0.60 in the year-ago quarter. "Our financial results for the first quarter reflect our continued.

Central Pacific Financial Reports First Quarter 2024 Earnings of $12.9 Million

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.

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