Highlights include: • Net income of $15.8 million, or $0.58 per diluted share, an increase of 22.2% compared to the $12.9 million earned in the previous quarter • Net interest margin of 2.97% increased by 14 bps from 2.83% in the previous quarter • Total loans of $5.38 billion decreased by $17.8 million from the previous quarter • Core deposits of $5.91 billion increased by $16.7 million from the previous quarter. Total deposits of $6.58 billion decreased by $36.4 million from the previous quarter, which in ...

Investors might want to bet on Central Pacific Financial (CPF) , as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by ...

Central Pacific Financial Corp. (CPF) is well-positioned for growth given the continued emphasis on balance sheet optimization, strong liquidity and capital base. Moreover, a decent loan pipeline and swap initiatives are likely to offer further support. Analysts are also optimistic about the stock's earnings growth potential. Over the past 60 days, the Zacks Consensus Estimate for 2024 and 2025 earnings has moved 1% and 5.4% upward, respectively. CPF currently carries a Zacks Rank #2 (Buy). Over the past si ...

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers. Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by th ...

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors rely on traditional forms of a ...

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use tri ...

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 s ...

| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |----------------------------------------------------|-------|---------|-------|---------|-------|-----------|-------|------------------|---------|-------|-------|-------|-------|---------|-------|-----------|-------|-----------------------------|-------|-----------| | (dollars in thousands) \nDecember 31, 2023 | | 2023 | | 2022 | | \n2021 | | by Year \n2020 | | | of | | | \n2019 | ...

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. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 6.67%. A quarter ago, it was expected that this operator of Central Pacific Bank would post earnings of $0.48 per share when it actually produced earnings of $0.55, delivering a surprise of 14.58%.Over the ...

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 and the comm ...