Central Pacific Stock Price, News & Analysis

Central Pacific Financial Corp. (NYSE: CPF) will announce its third quarter 2021 earnings on October 27, 2021, prior to the NYSE opening. A conference call and live audio webcast will follow at 1:00 p.m. Eastern Time to review the results. Interested parties can join the call by dialing 1-877-505-7644 or via the company's investor relations website. The replay will be available until November 27, 2021. As of June 30, 2021, the company reported approximately $7.2 billion in assets.

Central Pacific Financial Corp. (NYSE: CPF) reported a strong second quarter in 2021, achieving net income of $18.7 million or $0.66 EPS, a significant increase from $9.9 million or $0.35 EPS in Q2 2020. The company resumed share repurchases, buying 156,600 shares at an average cost of $27.63. Total assets reached $7.18 billion, with loans totaling $5.08 billion. The quarterly cash dividend was declared at $0.24 per share, payable on September 15, 2021. The credit for loan losses was $3.4 million, indicating improved asset quality as Hawaii's economy rebounds.

Central Pacific Financial Corp. (NYSE: CPF) will announce its second quarter 2021 earnings on July 28, 2021, before the NYSE opens. A conference call and live audio webcast will occur at 1:00 p.m. Eastern Time. Interested parties can join the call by calling 1-877-505-7644 or via the investor relations website. The earnings release is significant as the bank holding company, with approximately $7.0 billion in assets and 31 branches in Hawaii, continues to monitor its financial health amid evolving market conditions.

Central Pacific Financial Corp. (NYSE: CPF) reported a strong first quarter 2021, with net income of $18.0 million and EPS of $0.64, marking a significant increase from $8.3 million and EPS of $0.29 in Q1 2020. The board declared a cash dividend of $0.24 per share, up 4.3% from the previous quarter. Notably, net interest income was $49.8 million, down from $51.5 million in the prior quarter. Total assets rose to $6.98 billion, a 14.3% increase year-over-year, while the loan-to-deposit ratio stood at 82.8%.

Central Pacific Financial Corp. (NYSE: CPF) will announce its Q1 2021 earnings on April 28, 2021, prior to the NYSE opening. Management will host a conference call at 1:00 p.m. ET to discuss the results, available via webcast on the company’s investor relations website. Central Pacific Financial, based in Hawaii, holds approximately $6.6 billion in assets and operates 31 branches and 69 ATMs across the state as of December 31, 2020. A replay of the call will be accessible until May 28, 2021.

Central Pacific Financial Corp. (NYSE: CPF) reported a fourth-quarter net income of $12.2 million ($0.43 EPS), down from $14.2 million ($0.50 EPS) a year earlier. Total annual net income decreased to $37.3 million from $58.3 million. The COVID-19 pandemic led to a higher provision for credit loss of $39.1 million in 2020, increasing to $4.5 million in Q4 2020. Total assets grew by 9.7% to $6.59 billion, with loans increasing by 11.6% to $4.96 billion. Meanwhile, the company's efficiency ratio rose to 68.81%. A cash dividend of $0.23 per share was declared.

Central Pacific Financial Corp. (NYSE: CPF) will announce its fourth quarter 2020 earnings on January 27, 2021, before the NYSE opens. A conference call and live webcast to review the results will begin at 1:00 p.m. Eastern Time on the same day, with details available on the company's investor relations website. Central Pacific Financial Corp. has approximately $6.6 billion in assets and operates 32 branches in Hawaii, although four branches remain temporarily closed due to COVID-19 precautions.

Central Pacific Financial Corp. (NYSE: CPF) reported third-quarter 2020 net income of $6.9 million ($0.24 EPS), down from $14.6 million ($0.51 EPS) a year earlier. The increase in credit loss provision to $14.7 million amid COVID-19 impacts operations. Net interest income rose to $49.1 million, supported by PPP loan activity, though net interest margin decreased to 3.19%. Total assets grew to $6.65 billion, while loans increased to $5.03 billion. The Company declared a quarterly dividend of $0.23 per share, payable December 15, 2020. Central Pacific maintains strong capital ratios despite the pandemic's challenges.

Central Pacific Financial Corp. (NYSE: CPF) announced the completion of a private placement of $55.0 million in ten-year subordinated notes, offering a fixed interest rate of 4.75% for the first five years, resetting quarterly thereafter. The proceeds will be used for general corporate purposes and to enhance capital flexibility. CEO Paul Yonamine stated that this issuance strengthens the Bank's capital position, supporting customers and the community. Notes are redeemable starting November 1, 2025, and the maturity date is set for November 1, 2030.