CPF

Strong Q1 results: Net income was $20.7 million with EPS of $0.78 (up 20% year-over-year); net interest income totaled $61.4 million and NIM was 3.53% with Q2 NIM guided to 3.50%–3.55% and full-year NII expected to rise 4%–6%. Margin and funding dynamics: Deposit costs fell to 0.90%, roughly $480 million of CDs (WA rate 2.8%) roll in Q2 while new CD rates average ~2.5%, new loan yields averaged 6.0% versus a 4.9% portfolio yield, and the bank has about $100–$150 million of excess cash to deploy. Growth, credit and capital return: Loans rose $31 million to $5.3 billion and deposits increased $90 million to $6.7 billion, credit metrics remain near cycle lows (NPAs $14.5 million, ~19bps), the total risk‑based capital ratio was 14.7%, and the bank paid a $0.29 quarterly dividend while repurchasing $10.5 million of shares with $44.5 million of repurchase capacity remaining. Interested in CPB Inc.? Here are five stocks we like better. Central Pacific Financial Corp. CPB (NYSE:CPF) reported a “strong start to 2026” in its first-quarter earnings call, citing solid profitability, continued loan and deposit growth, and credit metrics that remained near cycle lows. Chairman, President and CEO Arnold Martines said the company delivered “solid earnings performance and continued execution across our franchise,” while maintaining “a position of capital strength.” Martines also pointed to Hawaii’s resilient economic backdrop, including higher visitor arrivals and spending and an unemployment rate of 2.3%, while noting the company is monitoring rising oil prices tied to Middle East conflict and assisting communities affected by storm activity and flooding, including impacts from the Kona low. → Palantir Is Down 30%: Noise? Or a Signal to Accumulate? Executive Vice President and CFO Dayna Matsumoto said first-quarter net income was $20.7 million, with earnings per diluted share of $0.78. Return on average assets was 1.12% and return on average equity was 13.90%. Matsumoto said EPS increased 20% from the year-ago quarter, attributing the gain to “revenue growth and expense discipline.” She added that net interest income totaled $61.4 million, and the net interest margin (NIM) was 3.53%. Compared with the prior quarter, she said results reflected “typical seasonal factors and balance sheet timing,” including a lower day count and lower average loan balances. → Corning Beats Q1...

Performance was driven by the durability of the relationship-focused banking model, achieving a return on equity above 13% despite seasonal fee income headwinds. Hawaii's economy remains resilient with exceptionally low unemployment at 2.3% and increasing visitor spending, providing a stable backdrop for organic growth. Loan growth of $31 million was primarily driven by commercial real estate opportunities in both Hawaii and select Mainland markets. Management noted that current loan opportunities are focused more in the commercial area than in the retail area, as high interest rates continue to subdue demand in retail loan categories industry-wide. The bank maintained strong funding resilience with core deposits representing over 90% of the total mix and a decrease in total deposit costs to 0.90%. Credit quality remains near cycle lows, with management attributing criticized loan movements to specific relationship dynamics rather than broad economic deterioration. Full-year net interest income is projected to increase 4% to 6%, supported by a net interest margin expected to hold between 3.50% and 3.55% in the second quarter. Management expects loan and deposit growth to remain in the low single-digit percentage range for the full year. Expense growth is forecasted to be modest at 2.5% to 3.5% from 2025 normalized levels, despite expected increases throughout the year. The bank plans to optimize excess liquidity of approximately $100 million to $150 million by redeploying cash into higher-yielding loans and securities. Capital allocation will prioritize organic loan growth and dividends, with excess capital utilized for share repurchases similar to first-quarter levels. Other operating income was impacted by equity market volatility affecting BOLI income and the absence of a $1.4 million one-time death benefit from the prior quarter. A single commercial relationship drove an uptick in criticized loans, though management expects no loss content as the business remains viable with a strong balance sheet. Proposed capital rule changes regarding residential mortgage risk weighting are estimated to provide a 50 to 100 basis point improvement to the CET1 ratio. Management is monitoring potential indirect impacts from Middle East conflict-driven oil price increases, though direct effects on the Hawaii economy have been limited to date. Our analysts just identified...

This article first appeared on GuruFocus. Net Income: $20.7 million. Earnings Per Diluted Share (EPS): $0.78, a 20% increase from the year-ago quarter. Return on Average Assets: 1.12%. Return on Average Equity: 13.90%. Net Interest Income: $61.4 million. Net Interest Margin (NIM): 3.53%. Total Other Operating Income: $11.6 million, a decline of $2.6 million from the prior quarter. Total Other Operating Expense: $43.7 million, a decline of $2.0 million from the prior quarter. Cash Dividend: $0.29 per share. Share Repurchase: Approximately 321,000 shares for a total of $10.5 million. Total Loan Portfolio: Grew by $31 million to $5.3 billion. Average Loan Portfolio Yield: 4.93%. Total Deposits: Increased by $90 million to $6.7 billion. Total Deposit Costs: Decreased by 4 basis points to 0.90%. Non-Performing Assets: $14.5 million, 19 basis points of total assets. Net Charge-Offs: 18 basis points. Provision Expense: $2.4 million. Total Risk-Based Capital Ratio: 14.7%. Warning! GuruFocus has detected 5 Warning Sign with CPF. Is CPF fairly valued? Test your thesis with our free DCF calculator. Release Date: April 29, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Central Pacific Financial Corp (NYSE:CPF) reported a strong start to 2026 with solid earnings performance and growth in both loans and deposits. The company maintained strong credit quality and operated from a position of capital strength, reflecting the durability and organic earnings power of the franchise. CPF was named the Hawaii-US Small Business Administration Lender of the Year for 2025, marking the 17th time it has received this recognition. Hawaii's economy showed resilience with increased visitor arrivals and spending, and a low unemployment rate of 2.3%. The company declared a second quarter cash dividend of $0.29 per share and repurchased approximately 321,000 shares, demonstrating a commitment to returning capital to shareholders. Total other operating income declined by $2.6 million from the prior quarter, impacted by equity market volatility and lower levels of fee income in mortgage banking and wealth areas. The average loan portfolio yield decreased from 4.99% to 4.93% due to the impact of the fourth quarter fed rate cuts. Total other operating expense was $43.7 million, with expectations for expenses to increase over the year. Th...

Central Pacific Financial (CPF) reported $72.93 million in revenue for the quarter ended March 2026, representing a year-over-year increase of 6%. EPS of $0.78 for the same period compares to $0.65 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $74.12 million, representing a surprise of -1.61%. The company delivered an EPS surprise of +5.88%, with the consensus EPS estimate being $0.74. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Here is how Central Pacific Financial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Total nonperforming assets: $14.52 million versus $14.77 million estimated by three analysts on average. Efficiency Ratio: 59.9% versus 60.8% estimated by three analysts on average. Net Interest Margin: 3.5% versus 3.6% estimated by three analysts on average. Net charge-offs to average loans: 0.2% versus 0.3% estimated by three analysts on average. Average Balance - Total interest earning assets: $7.02 billion versus the three-analyst average estimate of $7.01 billion. Total nonaccrual loans: $14.52 million compared to the $14.36 million average estimate based on two analysts. Net Interest Income (FTE): $61.54 million versus $61.72 million estimated by three analysts on average. Total noninterest Income/ Total other operating income: $11.57 million versus $12.47 million estimated by three analysts on average. Other service charges and fees: $5.79 million versus the two-analyst average estimate of $5.78 million. Service charges on deposit accounts: $2.3 million versus the two-analyst average estimate of $2.29 million. Mortgage Banking Income: $0.65 million versus $0.93 million estimated by two analysts on average. Net Interest Income: $61.36 million versus the two-analyst average estimate of $61.35 million. View all Key Company Metrics for Central Pacific Financial here>>> Shares of Central Pacific Financial have returned +8.3% over...

Central Pacific Financial (CPF) came out with quarterly earnings of $0.78 per share, beating the Zacks Consensus Estimate of $0.74 per share. This compares to earnings of $0.65 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +5.88%. A quarter ago, it was expected that this operator of Central Pacific Bank would post earnings of $0.73 per share when it actually produced earnings of $0.85, delivering a surprise of +16.44%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Central Pacific Financial, which belongs to the Zacks Banks - West industry, posted revenues of $72.93 million for the quarter ended March 2026, missing the Zacks Consensus Estimate by 1.61%. This compares to year-ago revenues of $68.79 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Central Pacific Financial shares have added about 11.1% since the beginning of the year versus the S&P 500's gain of 4.3%. While Central Pacific Financial has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Central Pacific Financial was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the ne...

First Quarter Highlights: Net income of $20.7 million, or $0.78 per diluted share Return on average assets of 1.12% and return on average equity of 13.90% Net interest margin of 3.53% and efficiency ratio of 59.87% Total loans of $5.32 billion, increased by $31.3 million from the prior quarter Total deposits of $6.70 billion, increased by $89.6 million from the prior quarter Repurchased 321,396 shares of common stock at a total cost of $10.5 million during the quarter Other Highlights: CPF Board of Directors approved a second quarter cash dividend of $0.29 per share Central Pacific Bank was named the U.S. Small Business Administration (SBA) Lender of the Year in Hawaii (Category II) for 2025 HONOLULU, April 29, 2026--(BUSINESS WIRE)--Central Pacific Financial Corp. (NYSE: CPF) (the "Company"), parent company of Central Pacific Bank (the "Bank" or "CPB"), today reported net income of $20.7 million, or $0.78 per fully diluted earnings share ("EPS"), for the first quarter of 2026. This compares to net income of $22.9 million, or EPS of $0.85, in the prior quarter and $17.8 million, or EPS of $0.65, in the first quarter last year. "We delivered strong net income in the first quarter, marked by balance sheet growth, healthy net interest margin, and disciplined expense management," said Arnold Martines, Chairman, President and CEO. "We are proud to be named as Hawaii SBA lender of the year for the 17th time, reflecting our ongoing commitment to supporting small businesses in our community. I want to express my sincere appreciation to our employees and customers for their continued dedication and partnership." Earnings Highlights Net interest income for the first quarter of 2026 totaled $61.4 million, which decreased by $0.7 million, or 1.2% from the prior quarter, and increased by $3.7 million, or 6.3%, compared to the same quarter last year. Net interest margin ("NIM") for the first quarter of 2026 was 3.53%, a decrease of 3 basis points ("bp" or "bps") from the prior quarter, and an increase of 22 bps from the same quarter last year. The sequential quarter decrease in net interest income and NIM was primarily driven by lower average yields earned on loans, down 6 bps, and investment securities, down 5 bps, partially offset by a 6 bps decrease in average rates paid on interest-bearing deposits. The sequential quarter decrease in net interest income was also due t...

HONOLULU (AP) — HONOLULU (AP) — Central Pacific Financial Inc. (CPF) on Wednesday reported first-quarter net income of $20.7 million. The bank, based in Honolulu, said it had earnings of 78 cents per share. The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 74 cents per share. The operator of Central Pacific Bank posted revenue of $88.7 million in the period. Its revenue net of interest expense was $72.9 million, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $74.1 million. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CPF at https://www.zacks.com/ap/CPF

Central Pacific Financial (CPF) reported Q1 earnings Wednesday of $0.78 per diluted share, up from $

Avidbank Holdings Inc. (AVBH) came out with quarterly earnings of $0.84 per share, beating the Zacks Consensus Estimate of $0.8 per share. This compares to earnings of $0.71 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +5.44%. A quarter ago, it was expected that this company would post earnings of $0.76 per share when it actually produced earnings of $0.65, delivering a surprise of -14.47%. Over the last four quarters, the company has surpassed consensus EPS estimates just once. Avidbank Holdings, which belongs to the Zacks Banks - West industry, posted revenues of $27.97 million for the quarter ended March 2026, missing the Zacks Consensus Estimate by 0.83%. This compares to year-ago revenues of $20.52 million. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Avidbank Holdings shares have added about 13.5% since the beginning of the year versus the S&P 500's gain of 4.7%. While Avidbank Holdings has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Avidbank Holdings was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (...

Image source: The Motley Fool. Jan. 28, 2026 at 1 p.m. ET President and Chief Executive Officer — Arnold Martines Executive Vice President and Chief Financial Officer — Dayna Matsumoto Executive Vice President and Chief Risk Officer — Ralph Mesick Executive Vice President and Treasurer — David Morimoto Executive Vice President and Corporate Secretary — Jayrald Rabago Need a quote from a Motley Fool analyst? Email [email protected] Arnold Martines: Thank you, Jayrald, and aloha to everyone joining us today. I want to start by sharing that Central Pacific Bank was recently named to Newsweek's list of America's Best Regional Banks for 2026. This recognition reflects the strength of our franchise and the trust our customers place in us every day. It's also a testament to our team's commitment to deliver exceptional service and build lasting relationships across the communities we serve, which is foundational to delivering long-term value to our shareholders. Central Pacific closed the year with strong momentum in the fourth quarter and solid overall performance in 2025. The Q4 results were driven by disciplined execution across our core franchise. Our profitability strengthened as we grew revenue and expanded our margin while proactively managing expenses. As we enter 2026, Central Pacific Bank is ultra-focused on our core business, which includes a disciplined approach to organic growth, thoughtful diversification, and operational excellence. We are well-positioned to achieve consistent earnings growth, enhance shareholder returns, and strengthen our competitive advantage. Over the past three years, our total shareholder return was 77%, reflecting both solid share price appreciation and dividends. Additionally, our core earnings per share increased 24% from the prior year, underscoring the strong operating momentum across our franchise. Hawaii's economy continues to be resilient despite macroeconomic uncertainty leading to lower visitor counts and softer job growth. Offsetting such factors, Hawaii's key strength continues to come from strong construction activity at both the public and private levels, as well as the military sector. Total core deposits grew by $78 million during the quarter, with meaningful gains in interest-bearing demand, savings, and money market balances. At the same time, the average rate paid on total deposits declined to 94 basis points from 1...

Q4 and FY‑2025 results: Net income was $22.9M in Q4 ($0.85/share) and $77.5M for the full year (adjusted non‑GAAP $78.6M), driven by higher net interest income and a 7‑bp expansion in net interest margin to 3.56%. Balance sheet trends and 2026 guidance: Management reported about $250M of loan runoff in Q4 while core deposits grew $78M, and guided to 4–6% NII growth, modest NIM expansion, and low single‑digit loan and deposit growth for 2026. Capital returns and credit quality: The bank repurchased 788K shares in 2025, raised the quarterly dividend to $0.29 and authorized up to $55M in buybacks for 2026, while credit metrics remained stable with low net charge‑offs and 14.8% total risk‑based capital. Interested in CPB Inc.? Here are five stocks we like better. Central Pacific Financial Corp. CPB (NYSE:CPF) reported improved profitability in the fourth quarter of 2025, driven by higher net interest income, continued net interest margin expansion, and lower operating expenses compared to the prior quarter. Management also highlighted stable credit quality indicators, ongoing balance sheet repositioning toward commercial lending, and additional capital return actions heading into 2026. For the fourth quarter, the company reported net income of $22.9 million, or $0.85 per diluted share, compared with $18.6 million, or $0.69 per diluted share, in the prior quarter. Return on average assets was 1.25% and return on average equity was 15.41%. → Trump Triggers Buying Opportunity in UnitedHealth Group For the full year 2025, net income was $77.5 million, or $2.86 per diluted share. The company also discussed non-GAAP results, noting that excluding $1.5 million in one-time pretax office consolidation costs recorded in the prior quarter, adjusted non-GAAP net income was $78.6 million. Management said that figure represented a 24% increase over 2024 non-GAAP net income of $63.4 million, which excluded non-core items. CEO Arnold Martines said the company ended the year with “strong momentum” in the fourth quarter and “solid overall performance in 2025,” pointing to revenue growth, margin expansion, and proactive expense management. He also cited a three-year total shareholder return of 77%, reflecting share price appreciation and dividends. → The Last Time Qualcomm’s RSI Did This, the Stock Rallied 70% Net interest income rose 1.3% from the prior quarter to $62.1 million,...