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 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.
Central Pacific Financial Corp. (NYSE: CPF) is set to announce its third quarter 2020 earnings on October 28, 2020, before the NYSE opens. A conference call and live audio webcast will follow at 1:00 PM ET (7:00 AM HT) the same day. Interested parties can join via phone at 1-877-505-7644 or through the company's investor relations website. Central Pacific Financial Corp. has about $6.6 billion in assets, with Central Pacific Bank operating 32 branches in Hawaii, four of which are temporarily closed due to COVID-19.
Central Pacific Financial Corp. (NYSE: CPF) reported a Q2 2020 net income of $9.9 million, down from $13.5 million a year prior, impacted by a $10.6 million provision for credit losses amid COVID-19 challenges. The company’s net interest income rose to $49.3 million, boosted by Paycheck Protection Program loans, though net interest margin fell to 3.26%. Total assets reached $6.63 billion, a 12% increase YoY, with total loans growing 17.8% driven by PPP loans. A quarterly dividend of $0.23 per share was declared, payable on September 15, 2020.
Central Pacific Financial Corp. (NYSE: CPF) will release its second quarter 2020 earnings on July 29, 2020, before the NYSE opens. A live conference call and webcast will take place at 1:00 p.m. Eastern Time on the same day. Central Pacific Bank, the primary subsidiary, has $6.1 billion in assets and operates 35 branches and 75 ATMs in Hawaii. However, due to COVID-19, 9 branches are temporarily closed to ensure employee and customer safety. Interested parties can access the conference via phone or the company's investor relations website.