Welcome to our dedicated page for Central Pacific news (Ticker: CPF), a resource for investors and traders seeking the latest updates and insights on Central Pacific stock.
Central Pacific Financial Corp (NYSE: CPF) serves as Hawaii's trusted financial partner, offering commercial banking services and community-focused solutions. This news hub provides investors and stakeholders with timely updates on CPF's operational developments and regulatory milestones.
Access curated press releases and financial reports covering earnings announcements, leadership changes, and strategic initiatives. Our collection includes updates on loan portfolio performance, deposit growth trends, and CPF's community reinvestment programs.
Key content categories include quarterly earnings disclosures, regulatory compliance updates, and analysis of Hawaii's banking landscape. Bookmark this page to monitor interest rate impacts on CPF's operations and track competitive positioning within Pacific regional banking.
For informed decision-making in financial markets, return regularly for verified updates from SEC filings and official company communications. All content adheres to strict journalistic standards for accuracy and relevance.
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.
Central Pacific Financial Corp. (NYSE: CPF) reported net income of $15.8 million, or $0.58 per diluted share, for Q2 2024, a 22.2% increase from the previous quarter. Key highlights include:
- Net interest margin increased to 2.97%, up 14 bps from Q1
- Total loans decreased by $17.8 million to $5.38 billion
- Core deposits increased by $16.7 million to $5.91 billion
- Net charge-offs decreased by $0.8 million to $3.8 million
- Total risk-based capital ratio of 15.1% and common equity tier 1 ratio of 11.9%
- Quarterly cash dividend of $0.26 per share approved
The company maintained solid liquidity and grew capital levels, with $298.9 million in cash and $2.56 billion in total other liquidity sources.
Central Pacific Financial Corp. (NYSE: CPF), the parent company of Central Pacific Bank, has announced its plans to release second quarter 2024 earnings on July 31, 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 by calling 1-800-715-9871 (conference ID: 9836028) or by accessing the webcast on the company's investor relations website. A replay of the call will be available until August 30, 2024, via phone and the company's website.
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