Financial Data and Key Metrics Changes - The company reported net income of $18.3 million or $0.67 per diluted share, with a return on average assets of 1% and return on average equity of 13.04% [12] - Net interest income increased by 3.6% quarter over quarter to $59.8 million, with net interest margin expanding by 13 basis points to 3.44% [13] - Total other operating income was $13 million, reflecting a $1.9 million increase quarter over quarter [13] Business Line Data and Key Metrics Changes - The loan portfolio slightly declined to $5.29 billion, with growth in construction and consumer loans, while other categories saw declines [10] - Total deposits were $6.54 billion, also showing a slight decline from the prior quarter, but with a favorable shift towards noninterest-bearing deposits [11] Market Data and Key Metrics Changes - Hawaii's construction industry showed solid performance with completed construction reaching $14 billion in 2024, with steady growth expected in 2025 [6] - Visitor arrivals in Hawaii were up 2.8% year to date, with total visitor spending increasing by 6.5% compared to the prior year [7] - The unemployment rate in Hawaii remained low at 2.8%, outperforming the national rate of 4.1% [7] Company Strategy and Development Direction - The company aims to deepen customer relationships and grow market share in Hawaii, select Mainland markets, and Asia, targeting low single-digit growth for loans and deposits in 2025 [10] - The focus remains on managing the cost of funds while growing core deposits in a competitive environment [11] Management's Comments on Operating Environment and Future Outlook - Management maintains a cautiously optimistic outlook for Hawaii's economy, acknowledging potential headwinds but emphasizing sound fundamental economic drivers [9] - The company is confident in its core business environment and sees opportunities ahead despite a muted loan growth in the first half of 2025 [10] Other Important Information - The effective tax rate was 23.5% in the second quarter, expected to remain between 22% and 24% [14] - The company repurchased approximately 103,000 shares of common stock at a total cost of $2.6 million [14] - A quarterly cash dividend of $0.27 per share was declared, payable on September 15 [15] Q&A Session Summary Question: Growth trends and client demand - Management noted that loan growth was muted in the first half but expects a robust pipeline and strong net loan growth in July, contributing to revenue growth in the second half [25][27] Question: Competition in the market - Competition remains average in the Hawaii banking market, with no significant changes in strategy from competitors [30] Question: Non-interest bearing deposit growth - The company is focused on growing low-cost core deposits through relationship management and prospecting, which has shown early success [34] Question: Expense run rate and investments - The near-term guidance for total other operating expenses is projected to be between $43.5 million and $44.5 million per quarter, excluding one-time impacts [37] Question: Credit quality and concerns - Management indicated that the uptick in credit metrics is not systemic and that expected losses remain within risk appetite, with no anticipated losses from downgraded loans [40][41]

Financial Performance - Central Pacific Financial Corp (CPF) reported net income of $183 million, resulting in diluted earnings per share of $067 for 2Q25[13] - Pre-provision net revenue (PPNR) reached $289 million in 2Q25[13] - The return on assets (ROA) was 100% and the return on equity (ROE) was 1304% in 2Q25[13] - The net interest margin (NIM) expanded to 344%[13] Loan and Deposit Portfolio - Total assets reached $74 billion[8] - The loan portfolio is diversified, with 80% secured by real estate[16] - Total deposits amounted to $654 billion[18] - Noninterest-bearing demand deposits constitute 30% of the total deposit portfolio[20] Capital and Liquidity - The company maintains a strong liquidity position, with total sources of liquidity amounting to $2822 billion[43] - The investment portfolio is high quality, with 95% AAA rated and totals $13 billion, representing 18% of total assets[42] - The company repurchased 103077 shares of CPF common stock for $26 million, at $2500 per share[13, 46] Hawaii Economy - Construction completed in 2024 reached $14 billion[10] - Visitor spending totaled $9 billion as of May 2025, a 65% increase from the same period last year[11]

Central Pacific Financial (CPF) came out with quarterly earnings of $0.67 per share, missing the Zacks Consensus Estimate of $0.7 per share. This compares to earnings of $0.58 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -4.29%. A quarter ago, it was expected that this operator of Central Pacific Bank would post earnings of $0.63 per share when it actually produced earnings of $0.65, delivering a surprise of +3.17%.Over the ...

FOR IMMEDIATE RELEASE Investor Contact: Jayrald Rabago Media Contact: Tim Sakahara (808) 544-3556 (808) 544-5125 Senior Strategic Financial Officer Corporate Communications Manager jayrald.rabago@cpb.bank tim.sakahara@cpb.bank NEWS RELEASE CENTRAL PACIFIC FINANCIAL REPORTS SECOND QUARTER 2025 EARNINGS OF $18.3 MILLION Highlights include: HONOLULU, HI, July 25, 2025 – Central Pacific Financial Corp. (NYSE: CPF) (the "Company"), parent company of Central Pacific Bank (the "Bank" or "CPB"), today reported net ...

Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor's dream. But when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by its di ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-31567 CENTRAL PACIFIC FINANCIAL CORP. (Exact name of registrant as specified in its charter) (State or other j ...

Investors in Central Pacific Financial (CPF) need to pay close attention to the stock based on moves in the options market lately. That is because the Jun 20, 2025 $25.00 Call had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It co ...

Central Pacific Financial Corp. (NYSE:CPF) Q1 2025 Results Conference Call April 23, 2025 2:00 PM ET Company Participants Dayna Matsumoto - Group Senior Vice President, Director of Finance and Accounting Arnold Martines - Chairman, President and Chief Executive Officer David Morimoto - Senior Executive Vice President and Chief Financial Officer Ralph Mesick - Senior Executive Vice President and Chief Risk Officer Conference Call Participants David Feaster - Raymond James Andrew Liesch - Piper Sandler Operat ...

Central Pacific Financial (CPF) Q1 2025 Earnings Call April 23, 2025 02:00 PM ET Company Participants Dayna Matsumoto - EVP & CFOArnold Martines - Chairman, President & CEODavid Morimoto - Vice Chairman & COORalph Mesick - Senior EVP & Chief Risk OfficerDavid Feaster - Director - BankingAndrew Liesch - Managing Director Operator Good afternoon, ladies and gentlemen. Thank you for standing by, and welcome to the Central Pacific Financial Corp. First Quarter twenty twenty five Conference Call. During today's ...

Central Pacific Financial (CPF) reported $68.8 million in revenue for the quarter ended March 2025, representing a year-over-year increase of 12%. EPS of $0.65 for the same period compares to $0.48 a year ago.The reported revenue represents a surprise of +0.09% over the Zacks Consensus Estimate of $68.74 million. With the consensus EPS estimate being $0.63, the EPS surprise was +3.17%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to ...