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 Corporation (NYSE: CPF) is a Hawaii-based bank holding company whose primary subsidiary, Central Pacific Bank, operates 27 branches and 55 ATMs in the State of Hawaii. This news page aggregates press releases and market updates related to CPF, giving readers a single place to review the company’s latest announcements and financial communications.
Company news frequently includes quarterly and annual earnings releases, where Central Pacific Financial Corp. reports net income, earnings per share, net interest income, net interest margin, efficiency ratio, asset quality metrics, and regulatory capital ratios. These releases are often accompanied by notices of investor conference calls and webcasts, as well as references to earnings supplement slide presentations and related Form 8-K filings.
CPF news also covers corporate governance and leadership developments, such as appointments and resignations of directors, promotions of executives, and updates to the company’s bylaws and capital structure. For example, recent disclosures describe board changes, executive promotions, and amendments to bylaws that refine shareholder meeting procedures and director nomination requirements.
Strategic and regulatory milestones appear in the company’s news flow as well. Central Pacific Financial Corp. has reported on Central Pacific Bank becoming a member of the Federal Reserve System and on a strategic partnership with The Kyoto Shinkin Bank to expand relationship-building opportunities between Hawaii and Japan.
Investors and observers can use this CPF news page to follow the company’s financial performance, governance updates, regulatory developments, and strategic initiatives as reported in official press releases and related disclosures.
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Central Pacific Financial Corp. (NYSE: CPF) reported a net income of $16.2 million, or $0.60 per diluted share for Q1 2023. This reflects a decrease from $20.2 million or $0.74 in Q4 2022. Total loans rose to $5.56 billion, with deposits at $6.75 billion, showing minor increases. Nonperforming assets stayed stable at $5.3 million, representing 0.07% of total assets. The company declared a quarterly cash dividend of $0.26 per share. Despite challenges in the banking industry, management highlighted strong asset quality, liquidity with $198.8 million in cash, and a robust capital position. However, net interest income declined by 3.7% from the previous quarter to $54.2 million. The efficiency ratio increased to 64.58%.
Central Pacific Financial Corp. (NYSE: CPF) is set to release its first quarter 2023 earnings on April 26, 2023, before the market opens. A conference call and live audio webcast will take place at 1 p.m. Eastern Time on the same day to discuss the results. Individuals can listen by calling 1-833-470-1428 or via the company's investor relations website. The company, based in Hawaii, had approximately $7.43 billion in assets as of December 31, 2022, with its main subsidiary, Central Pacific Bank, operating 27 branches and 64 ATMs across the state.
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