Central Pacific Stock Price, News & Analysis

Central Pacific Financial Corp (NYSE: CPF), the parent company of Central Pacific Bank, has scheduled the release of its first quarter 2025 financial results on April 23, 2025, before the New York Stock Exchange opens. The company will host a conference call and live audio webcast to discuss the results at 2:00 p.m. Eastern Time (8:00 a.m. Hawaii Time) on the same day.

Investors and interested parties can participate by calling 1-800-715-9871 (conference ID: 6299769) or by accessing the webcast through the company's investor relations website at http://ir.cpb.bank. A replay will be available until May 23, 2025, via phone at 1-800-770-2030 (conference ID: 6299769) and on the company's website.

Central Pacific Financial Corp. (CPF) has announced key executive appointments effective March 1, 2025. David Morimoto, current Chief Financial Officer, will be promoted to Vice Chair and Chief Operating Officer. Dayna Matsumoto will be elevated to Executive Vice President and Chief Financial Officer.

Morimoto brings over 30 years of banking experience at CPB since 1991, having led Technology, Operations and Legal & Compliance Divisions. Matsumoto, a CPA with 22 years of finance and accounting experience, joined CPB in 2006 after starting her career at KPMG. Both executives hold advanced business degrees from Hawaii universities.

According to Arnold Martines, Chairman, President, and CEO, these appointments aim to align the executive team with the bank's strategic, financial and business objectives while developing leadership depth.

Central Pacific Financial Corp. (NYSE: CPF) reported Q4 2024 net income of $11.3 million ($0.42 per share) and full-year 2024 net income of $53.4 million ($1.97 per share). The company completed an investment securities portfolio repositioning resulting in a $9.9 million pre-tax loss in Q4, expected to improve annual net interest income by $2.7 million from 2025.

Key highlights include: net interest margin increased to 3.17% (up 10 bps from previous quarter), strong capital ratios with total risk-based capital at 15.4%, and a 3.8% increase in quarterly dividend to $0.27 per share. The Board authorized a new $30 million share repurchase program for 2025.

The company maintained solid asset quality with nonperforming assets at 0.15% of total assets, and total deposits increased by $61 million to $6.64 billion in Q4. Central Pacific Bank also became a member of the Federal Reserve System, streamlining regulatory oversight.

Central Pacific Financial Corp. (NYSE: CPF) has appointed Dr. Diane Paloma to its Board of Directors, effective January 28, 2025. Dr. Paloma, currently President and CEO of Hawaii Dental Service (HDS), brings extensive healthcare leadership experience to the board.

Prior to her current role at HDS, which she assumed in 2021, Dr. Paloma served as CEO of the King Lunalilo Trust and Home and held leadership positions at Queen's Health Systems Native Hawaiian Health Program, John A. Burns School of Medicine, and Hawaii Medical Service Association.

Dr. Paloma holds a BS in Physiological Science from UCLA, an MBA from the University of Hawaii at Manoa, and a PhD in Healthcare Administration from Capella University. She currently serves on several boards including the University of Hawaii Board of Regents and is an active member of the Hawaii Business Roundtable.

Central Pacific Financial Corp. (NYSE: CPF), the parent company of Central Pacific Bank, has announced it will release its fourth quarter 2024 earnings on January 29, 2025, before the New York Stock Exchange opens. The company will host a conference call and live audio webcast to discuss the results at 1:00 p.m. Eastern Time (8:00 a.m. Hawaii Time) on the same day.

Interested parties can participate by calling 1-800-715-9871 (conference ID: 6299769) or by accessing the webcast through the company's investor relations website. A replay will be available until February 28, 2025, via phone at 1-800-770-2030 (same conference ID) and on the company's website.

Central Pacific Financial Corp. (NYSE: CPF) reported Q3 2024 net income of $13.3 million, or $0.49 per diluted share. Excluding $3.1 million in pre-tax expenses related to a strategic opportunity, adjusted net income was $15.7 million ($0.58 per share). The quarter saw a net interest margin of 3.07%, up 10 basis points from previous quarter. Total loans decreased to $5.34 billion, while core deposits increased to $5.97 billion. The company maintained strong capital ratios with total risk-based capital at 15.3% and declared a quarterly dividend of $0.26 per share.

Central Pacific Financial Corp. (NYSE: CPF), the parent company of Central Pacific Bank, has announced its plans to release third quarter 2024 earnings on October 30, 2024, before the New York Stock Exchange opens. The company will host a conference call and live audio webcast at 1:00 p.m. Eastern Time (7:00 a.m. Hawaii Time) on the same day to review the results.

Interested parties can participate in the conference by calling 1-800-715-9871 (conference ID: 6299769) or by accessing the webcast through the company's investor relations website at http://ir.cpb.bank. A replay of the call will be available until November 29, 2024, by dialing 1-800-770-2030 (conference ID: 6299769) and on the company's website.

Central Pacific Bank (CPB) has appointed Ralph Mesick as Senior Executive Vice President and Chief Risk Officer. With nearly 40 years of financial services experience, Mesick joins CPB to help manage the changing regulatory environment and strengthen the bank's risk management infrastructure. Mesick, a former police officer and graduate of the University of Hawaii-Manoa and University of Wisconsin-Madison, will oversee key risk functions and be a member of the bank's Executive Committee. He brings extensive community involvement, having served on various boards and organizations in Hawaii. CPB Chairman Arnold Martines emphasized the importance of Mesick's role in preparing for increased regulatory oversight in the banking industry.

Central Pacific Bank (CPB), the primary subsidiary of Central Pacific (NYSE: CPF), has chosen ARGO Connects to enhance its retail banking operations. This suite of software will drive monetary transaction processing, customer acquisition, journey experience, fulfillment, and service across physical and digital channels. The implementation aims to provide a consistent customer experience across all banking platforms.

ARGO Connects is designed to enable a fully automated, Omni-channel, customer-centric delivery model. It will equip CPB with tools to process transactions, service accounts, and fulfill paperless processing. The software will also help the bank predict and recognize customers' financial needs, allowing for proactive engagement through relevant content across mobile, internet, contact center, and branch channels.