Exhibit 99.1 FOR IMMEDIATE RELEASE NEWS RELEASE Investor Contact: Ian Tanaka Media Contact: Tim Sakahara SVP, Treasury Manager AVP, Corporate Communications Manager (808) 544-3646 (808) 544-5125 ian.tanaka@cpb.bank tim.sakahara@cpb.bank CENTRAL PACIFIC FINANCIAL REPORTS SECOND QUARTER 2024 EARNINGS OF $15.8 MILLION Highlights include: • Net income of$15.8 million, or $0.58 per diluted share, an increase of 22.2$12.9 million earned in the previous quarter • Net interest margin of 2.97% inc ...