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) 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 ...

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.While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors of ...

Here are three stocks with buy rank and strong income characteristics for investors to consider today, March 20th: Hang Seng Bank (HSNGY) : This company which is a world-class financial institution and one of Hong Kong's largest listed companies in terms of market capitalisation, has witnessed the Zacks Consensus Estimate for its currrent year earnings increasing 5.8% over the last 60 days. This Zacks Rank #1 (Strong Buy) company has a dividend yield of 11.3%, compared with the industry average of 3.7%. CPB ...

All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it b ...

☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (Mark One) FORM 10-K ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2024 or Commission file number: 001-31567 Central Pacific Financial Corp. (Exact name of registrant as specified in its charter) Hawaii 99-0212597 (State or other jurisdiction of incor ...

4th Quarter and Full Year 2024 Earnings Supplement While we believe that our FLS and the assumptions underlying them are reasonably based, such statements and assumptions are by their nature subject to risks and uncertainties, thus could later prove to be inaccurate or incorrect. Accordingly, actual results could differ materially from those statements or projections for a variety of reasons, including, but not limited to: the effects of inflation and interest rate fluctuations; the adverse effects of bank ...

Central Pacific Financial (CPF) came out with quarterly earnings of $0.70 per share, beating the Zacks Consensus Estimate of $0.62 per share. This compares to earnings of $0.55 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 12.90%. A quarter ago, it was expected that this operator of Central Pacific Bank would post earnings of $0.56 per share when it actually produced earnings of $0.58, delivering a surprise of 3.57%.Over the ...

Financial Performance - Net income for Q4 2024 was $11.3 million, or $0.42 per diluted share, down from $13.3 million, or $0.49 in Q3 2024, and $14.9 million, or $0.55 in Q4 2023[2] - Full year 2024 net income was $53.4 million, or $1.97 per diluted share, compared to $58.7 million, or $2.17 in 2023[2] - Adjusted net income (non-GAAP) for Q4 2024 was $19.0 million, or $0.70 per diluted share, and $63.4 million, or $2.34 for the full year 2024, excluding pre-tax items totaling $13.0 million[5] - Net income for Q4 2024 was $11,345,000, compared to $14,866,000 in Q4 2023, a decrease of 23.8%[31] - Basic earnings per share for Q4 2024 was $0.42, down from $0.55 in Q4 2023, a decline of 23.6%[31] - Net income for the year ended December 31, 2024, was $53,412,000, down from $58,669,000 in 2023, indicating a decrease of 8.8%[36] - GAAP net income for the three months ended December 31, 2024, was $11,345,000, a decrease of 19.0% from $14,866,000 for the same period in 2023[49] Interest Income and Margin - Net interest income for Q4 2024 was $55.8 million, a 3.6% increase from Q3 2024 and a 9.1% increase from Q4 2023[7] - Net interest margin (NIM) for Q4 2024 was 3.17%, up 10 basis points from Q3 2024 and 33 basis points from Q4 2023[7] - Total interest income for Q4 2024 was $77,960,000, an increase from $74,113,000 in Q4 2023, representing a growth of 3.9% year-over-year[36] - Net interest income after provision for credit losses for Q4 2024 was $54,956,000, compared to $46,489,000 in Q4 2023, reflecting a year-over-year increase of 18.3%[36] - The interest rate spread for the three months ended December 31, 2024, was 2.62%[37] - The net interest margin for the same period was 3.17%, up from 3.07% in the previous quarter[37] Assets and Liabilities - Total assets as of December 31, 2024, were $7.47 billion, a 0.8% increase from $7.42 billion at September 30, 2024, but a 2.2% decrease from $7.64 billion at December 31, 2023[14] - Total liabilities as of December 31, 2024, were $6,835,263 thousand, with total shareholders' equity of $542,135 thousand[37] - Total deposits increased to $6.64 billion at December 31, 2024, a 0.93% increase from Q3 2024, but a 3.0% decrease from Q4 2023[16] - Total loans decreased to $5.33 billion at December 31, 2024, down 0.2% from Q3 2024 and 2.0% from Q4 2023[15] Capital and Equity - Common equity tier 1 capital ratio improved to 12.3% in Q4 2024 from 11.4% in Q4 2023, indicating stronger capital position[33] - Total risk-based capital ratio increased to 15.4% in Q4 2024 from 14.6% in Q4 2023, reflecting enhanced financial stability[33] - Total shareholders' equity decreased to $538,385 thousand from $543,725 thousand, a decline of 1.3%[35] - The tangible common equity (TCE) ratio (non-GAAP) as of December 31, 2024, was 7.21%, compared to 6.57% as of December 31, 2023, indicating improved capital strength[55] Operational Efficiency - Efficiency ratio for Q4 2024 was 75.65%, up from 64.12% in Q4 2023, indicating increased operational costs relative to revenue[31] - The efficiency ratio (non-GAAP) improved to 75.65% for the three months ended December 31, 2024, compared to 70.12% in the previous quarter, indicating a decrease in operational efficiency[45] - Total other operating expenses for the three months ended December 31, 2024, were $44,177,000, an increase of 3.9% from $42,522,000 for the same period in 2023[52] Credit Quality - Provision for credit losses decreased to $818,000 in Q4 2024 from $4,653,000 in Q4 2023, indicating improved asset quality[31] - The ratio of allowance for credit losses (ACL) to total loans decreased to 1.11% from 1.15% in the previous quarter[34] - Non-performing assets (NPA) remained stable at $11,018 thousand, unchanged from the previous quarter[34] - The allowance for credit losses decreased to $59,182 thousand as of December 31, 2024, from $61,647 thousand in the previous quarter[41] Dividends and Share Repurchase - The Board of Directors approved a 3.8% increase in the quarterly cash dividend to $0.27 per share and authorized a new share repurchase program of up to $30 million for 2025[5] - Cash dividends declared remained consistent at $0.26 per share for both Q4 2024 and Q4 2023[36]

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 O ...