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Central Pacific Financial Corp. - CPF STOCK NEWS

Welcome to our dedicated news page for Central Pacific Financial (Ticker: CPF), a resource for investors and traders seeking the latest updates and insights on Central Pacific Financial.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Central Pacific Financial's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Central Pacific Financial's position in the market.

Rhea-AI Summary
Central Pacific Financial Corp. (CPF) will release its Q1 2024 earnings on April 24, 2024. The conference call and webcast will start at 1:00 p.m. ET. Interested parties can listen via phone or web. Replay available until May 24, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.95%
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Rhea-AI Summary
Christine Camp, President and CEO of Avalon Group, steps down from Central Pacific Financial and Central Pacific Bank after 20 years of service. Camp's long tenure and contributions are praised by CPB President Arnold Martines.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.47%
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none
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Rhea-AI Summary
Central Pacific Financial Corp. (CPF) reported a net income of $14.9 million for the fourth quarter of 2023, with an EPS of $0.55, and a net income of $58.7 million for the year. The company approved a quarterly cash dividend of $0.26 per share and authorized a new share repurchase program of up to $20.0 million for 2024. Net interest income decreased by 1.5% from the previous quarter, and the net interest margin decreased by 4 basis points. The Company completed a $30.0 million investment portfolio restructuring designed to increase prospective earnings and net interest margin. The provision for credit losses was $4.7 million in the fourth quarter of 2023. Total assets remained relatively flat at $7.64 billion at December 31, 2023. Nonperforming assets totaled $7.0 million, or 0.09% of total assets at December 31, 2023. Total shareholders' equity was $503.8 million at December 31, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.77%
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Rhea-AI Summary
Central Pacific Financial Corp. (CPF) will release its Q4 2023 earnings on January 31, 2024, followed by a conference call and live webcast. Interested parties can listen to the conference call or webcast through the provided details.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.05%
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Rhea-AI Summary
Central Pacific Financial Corp. (CPF) appoints Robert Nobriga as a member of its board of directors for both CPF and Central Pacific Bank (CPB), effective January 1, 2024. Nobriga, with nearly 30 years of experience in local financial services, aims to bring a valuable perspective to CPB. He is currently the President and CEO of Tradewind Group, Inc., and holds a bachelor's degree in accountancy from the University of Notre Dame. Nobriga is also active in the local community, serving as a Trustee of Kamehameha Schools and a director of Haleakala Ranch.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.49%
Tags
management
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Rhea-AI Summary
Central Pacific Financial Corp. reports net income of $13.1 million for Q3 2023, compared to $14.5 million in the previous quarter. Total loans decreased by $12.0 million. Total deposits increased by $69.0 million. Cash on balance sheet is $438.7 million. Quarterly cash dividend of $0.26 per share approved.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.29%
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Rhea-AI Summary
Central Pacific Financial Corp. to release Q3 2023 earnings
Rhea-AI Impact
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End-of-Day
-1.14%
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.26%
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Rhea-AI Summary
Central Pacific Financial Corp. (NYSE: CPF) will release its Q2 2023 earnings on July 26, 2023. Interested parties can listen to the conference call and webcast for more information.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.48%
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.55%
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Central Pacific Financial Corp.

NYSE:CPF

CPF Rankings

CPF Stock Data

514.96M
26.40M
2.91%
90.5%
1.64%
Commercial Banking
Finance and Insurance
Link
US
Honolulu

About CPF

established in 1954, central pacific bank is a hawaii-based financial institution with branch locations statewide. the bank has a long, proud history of providing exceptional service to its customers and contributing to the community. employees at central pacific bank are committed to creating value for our customers, employees, community and shareholders by living our core values: teamwork, integrity, exceptional service. join our team and enjoy an exciting career that offers excellent growth opportunities and benefits. to view all of our openings, please visit our careers page at www.centralpacificbank.com/careers.