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 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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