Group 1 - Central Pacific Financial (CPF) is experiencing significant activity in the options market, particularly with the Jun 20, 2025 $25.00 Call showing high implied volatility, indicating potential for a major price movement [1] - Implied volatility reflects market expectations for future stock movement, suggesting that investors anticipate a significant event that could lead to a substantial rally or sell-off [2] - Analysts have a positive outlook on Central Pacific Financial, with a Zacks Rank of 2 (Buy) in the Banks - West industry, which is in the bottom 32% of the Zacks Industry Rank [3] Group 2 - Over the past 60 days, two analysts have raised their earnings estimates for the current quarter, increasing the Zacks Consensus Estimate from 67 cents per share to 70 cents [3] - The high implied volatility may present trading opportunities, as seasoned options traders often seek to sell premium on such options, hoping the underlying stock does not move as much as expected by expiration [4]

Financial Data and Key Metrics Changes - Net income for Q1 2025 was $17.8 million, or 65¢ per diluted share, with a return on average assets of 0.96% and return on average equity of 13.04% [19][20] - The efficiency ratio improved to 61.2%, the best since Q4 2022 [20] - Net interest income increased by $1.9 million or 3.5% from the prior quarter to $57.7 million, with net interest margin (NIM) at 3.31%, up 14 basis points sequentially [20][21] - Total deposits declined by $48 million from the prior quarter, but average balances increased by $14 million [17] Business Line Data and Key Metrics Changes - The loan portfolio increased by $1.7 billion sequentially, marking the first quarterly increase in two years, driven by commercial mortgage and construction lending [16] - Total other operating income was $11.1 million, while total other operating expense was $42.1 million in Q1 [22] Market Data and Key Metrics Changes - The Hawaii construction industry saw a 20.3% increase in total construction value for the first ten months of 2024 compared to the same period in 2023, forecasted to exceed $14 billion [10] - Hawaii's unemployment rate remained low at 2.9% in March, outperforming the national rate of 4.2% [11] Company Strategy and Development Direction - The company aims to grow market share in Hawaii while exploring targeted lending opportunities in Mainland markets [15] - A focus on optimizing the balance sheet and executing strategies to navigate market uncertainties is emphasized [9] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding loan growth, particularly in commercial areas, despite market volatility [38] - The company is prepared to navigate potential economic challenges and is monitoring the impacts of current administration policies [13][11] Other Important Information - The company plans to consolidate office space, anticipating a one-time pretax write-off of $2 to $2.5 million, with expected annual savings of approximately $1 million [23] - A quarterly cash dividend of 27¢ per share was declared, payable on June 16 [25] Q&A Session Summary Question: Loan growth outlook amidst market volatility - Management remains cautiously optimistic about loan growth, reiterating guidance of low to mid-single-digit growth for the year, primarily in commercial areas [38][39] Question: Impact of trade wars on clients - Approximately 10% of the loan book may be impacted, particularly in accommodation, restaurant, wholesale, and retail sectors, but clients are expected to manage short-term turbulence [42][43] Question: Deposit performance and competitive landscape - The company is pleased with deposit performance, with a favorable mix shift towards core deposits, and expects funding costs to trend down gradually [48] Question: Margin expectations for March - The margin for March was reported at 3.37%, with expectations for continued expansion driven by lower funding costs and favorable mix shifts [54][56] Question: Capital priorities and stock repurchases - The capital position is strong, with plans for organic growth, share repurchases, and maintaining a quarterly cash dividend [68][69]

Financial Data and Key Metrics Changes - Net income for Q1 2025 was $17.8 million, or $0.65 per diluted share, with a return on average assets of 0.96% and return on average equity of 13.04% [15][16] - Net interest income increased by $1.9 million, or 3.5%, from the prior quarter to $57.7 million, with a net interest margin of 3.31%, up 14 basis points sequentially [16][18] - The efficiency ratio improved to 61.2, the best since Q4 2022 [15] Business Line Data and Key Metrics Changes - The loan portfolio increased by $1.7 million sequentially, marking the first quarterly increase in two years, driven by commercial mortgage and construction lending [13] - Total deposits declined by $48 million from the prior quarter, but average balances increased by $14 million, with a notable rise in average non-time deposits [14] Market Data and Key Metrics Changes - The Hawaii construction industry saw a 20.3% increase in total construction value for the first ten months of 2024 compared to the same period in 2023, forecasted to exceed $14 billion [9] - The statewide unemployment rate in Hawaii remained low at 2.9%, outperforming the national rate of 4.2% [10] Company Strategy and Development Direction - The company aims to grow market share in Hawaii while targeting lending opportunities in Mainland markets, focusing on small businesses [12][13] - Management is optimistic about net loan growth continuing to pick up, particularly in commercial areas [14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating economic uncertainties and maintaining strong results despite external factors [7][11] - The company is prepared to address potential impacts from current administration policies and market volatility [11] Other Important Information - The company plans to consolidate office space, expecting to recognize a one-time pretax write-off of $2 million to $2.5 million, with anticipated annual savings of approximately $1 million [18] - A quarterly cash dividend of $0.27 per share was declared, payable on June 16 [18] Q&A Session Summary Question: Loan growth outlook amidst market volatility - Management remains cautiously optimistic about loan growth, reiterating guidance for low to mid-single digit growth for the full year, primarily in commercial areas [28][30] Question: Impact of trade wars and tariffs on clients - Approximately 10% of the loan book may be impacted, particularly in accommodation, restaurant, and retail sectors, but management believes clients can handle short-term turbulence [32][34] Question: Deposit performance and competitive landscape - The company is pleased with deposit performance, with a favorable mix shift towards core deposits, and expects funding costs to trend down gradually [38][40] Question: Margin expectations for March - The margin for March was reported at 3.37%, with expectations for continued expansion driven by lower funding costs and favorable asset repricing [44][46] Question: Capital priorities and share repurchases - The company maintains a strong capital position, focusing on organic growth, share repurchases, and a quarterly cash dividend with a 40% payout ratio [53][54]

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 ...

Group 1: Company Overview - Central Pacific Financial (CPF) is based in Honolulu and operates in the Finance sector, with shares experiencing a price change of -13.56% this year [3] - The company currently pays a dividend of $0.27 per share, resulting in a dividend yield of 4.3%, which is higher than the Banks - West industry's yield of 3.46% and the S&P 500's yield of 1.69% [3] Group 2: Dividend Analysis - CPF's annualized dividend of $1.08 has increased by 3.8% from the previous year, with an average annual increase of 3.19% over the last 5 years [4] - The current payout ratio for CPF is 44%, indicating that the company pays out 44% of its trailing 12-month earnings per share as dividends [4] Group 3: Earnings Growth - The Zacks Consensus Estimate for CPF's earnings in 2025 is $2.75 per share, reflecting an expected increase of 17.52% from the previous year [5] Group 4: Investment Considerations - CPF is considered a compelling investment opportunity due to its strong dividend profile, despite the challenges faced by high-yielding stocks during periods of rising interest rates [7]

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 ...

Company Overview - Central Pacific Financial (CPF) is headquartered in Honolulu and operates in the Finance sector [3] - The stock has experienced a price change of -6.68% since the beginning of the year [3] Dividend Information - CPF currently pays a dividend of $0.27 per share, resulting in a dividend yield of 3.98%, which is higher than the Banks - West industry's yield of 3.05% and the S&P 500's yield of 1.57% [3] - The annualized dividend of $1.08 represents a 3.8% increase from the previous year [4] - Over the past five years, CPF has increased its dividend two times on a year-over-year basis, averaging an annual increase of 3.26% [4] - The current payout ratio is 44%, indicating that CPF paid out 44% of its trailing 12-month earnings per share as dividends [4] Earnings Expectations - CPF is expected to see earnings growth this fiscal year, with the Zacks Consensus Estimate for 2025 at $2.75 per share, reflecting a 17.52% increase from the previous year [5] Investment Appeal - CPF is considered an attractive dividend play and a compelling investment opportunity, holding a Zacks Rank of 2 (Buy) [7]

☐ 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 ...