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.
Central Pacific Financial Corp. (NYSE: CPF) reported a net income of $20.2 million for Q4 2022, marking a 21% increase from Q3, yet an 8% decrease year-over-year. The company's full-year net income was $73.9 million, down from $79.9 million in 2021. Total loans rose by 2.5% in Q4, totaling $5.56 billion, with an annual increase of 8.9%. Total deposits increased by 2.7% to $6.74 billion in the quarter. The Board approved a cash dividend of $0.26 per share and a $25 million stock repurchase program. Despite robust asset quality, the rise in unrealized losses from securities amid increasing interest rates impacted shareholder equity.
Central Pacific Financial Corp. (NYSE: CPF) will release its fourth quarter 2022 earnings on January 25, 2023, before the market opens. A conference call will follow at 1 p.m. ET to discuss results. As of September 30, 2022, the company reported approximately $7.34 billion in assets. Investors can participate by calling 1-844-200-6205 or through a live audio webcast on the company’s investor relations website. A replay will be available until February 24, 2023.
Central Pacific Financial Corp. (NYSE: CPF) has appointed Jason Fujimoto to its Board of Directors, effective January 1, 2023. Fujimoto, president and CEO of HPM Building Supply, will also serve on the Audit Committees of both CPF and Central Pacific Bank. His experience in supporting small businesses, particularly in the construction sector, aligns with CPF’s mission. With approximately $7.34 billion in assets, CPF continues to focus on community support and effective customer service in Hawaii.
Central Pacific Financial Corp. (CPF) reported a net income of $16.7 million for Q3 2022, equating to $0.61 per diluted share. Total loans grew by 2.3% to $5.42 billion, while net interest income rose 4.5% from the previous quarter to $55.4 million. The net interest margin improved to 3.17%. The Board approved a $0.26 quarterly dividend, payable on December 15, 2022. Arnold Martines will succeed Paul Yonamine as CEO effective January 1, 2023, highlighting a strategic shift towards a digital-first banking approach.
Central Pacific Financial (NYSE CPF) announced the appointment of Arnold Martines as the new CEO of both CPF and Central Pacific Bank, effective January 1, 2023. Martines, who has over 25 years of banking experience and has been with CPB since 2004, succeeds Paul Yonamine, who is retiring. During his tenure, Martines led the bank's efforts in the PPP during the pandemic, originating 11,833 loans worth $870 million. He also oversaw a $40 million renovation and rebranding initiative. Catherine Ngo will serve as Chair of both boards.
Central Pacific Financial Corp. (NYSE: CPF) will release its third quarter 2022 earnings on October 21, 2022, before the New York Stock Exchange opens. Management will hold a conference call and live audio webcast at 1 p.m. Eastern Time (7 a.m. Hawaii Time) to discuss the results. Interested parties can listen by calling 1-844-200-6205 (access code: 420241) or via the webcast. A replay will be available until November 21, 2022.
Central Pacific Financial Corp. (NYSE: CPF) reported net income of $17.6 million or $0.64 earnings per share for Q2 2022, a decrease from $18.7 million in Q2 2021. Total loans increased by $126.8 million (2.5%) to $5.30 billion, while deposits rose by $23.0 million (0.3%) to $6.62 billion. The bank's net interest margin improved to 3.05%. A quarterly dividend of $0.26 per share was declared, and Central Pacific Bank was named the Best Bank in Hawaii by Forbes. Despite the gain from Visa stock sale, a pension plan settlement charge impacted earnings.
Central Pacific Financial Corp. (NYSE: CPF) will report its second quarter 2022 earnings on July 27, 2022, before the NYSE opens. The management team will host a conference call and live audio webcast at 1:00 p.m. Eastern Time on the same day to discuss the results. Interested participants can dial 1-844-200-6205 to join or access the webcast via the company's investor relations website. The replay will be available until August 24, 2022. As of March 31, 2022, the company had approximately $7.3 billion in assets and operates 28 branches and 65 ATMs in Hawaii.
Central Pacific Financial Corp. (NYSE: CPF) reported net income of $19.4 million, or $0.70 per diluted share for Q1 2022, up from $18.0 million in Q1 2021. Core loans rose by $120.3 million, marking a 2.4% increase. The bank's nonperforming assets improved to 0.07% of total assets. A quarterly cash dividend of $0.26 per share was approved. The company anticipates earnings growth due to its digital transformation and Banking-as-a-Service strategy. Total assets reached $7.30 billion, with a decline in shareholders' equity to $486.3 million.
Central Pacific Financial Corp. (NYSE: CPF) will announce its Q1 2022 earnings on April 20, 2022, before the NYSE opens. The management will hold a conference call and live audio webcast at 1:00 p.m. ET (7:00 a.m. Hawaii Time) on the same day to discuss the results. Interested parties can join by calling 1-844-200-6205 or via the company's investor relations website. The call replay will be available until May 18, 2022.
As of December 31, 2021, Central Pacific Financial had approximately $7.4 billion in assets and operates 30 branches in Hawaii.
FAQ
What is the current stock price of Central Pacific (CPF)?
What is the market cap of Central Pacific (CPF)?
