CPF

Never miss an important update on your stock portfolio and cut through the noise. Over 7 million investors trust Simply Wall St to stay informed where it matters for FREE. Central Pacific Financial (CPF) just reported second quarter and year to date results, raised its quarterly dividend to $0.30 per share, and completed a significant share repurchase tranche under its 2026 buyback program. See our latest analysis for Central Pacific Financial. Central Pacific Financial's recent earnings, dividend increase and ongoing buybacks have come alongside firm share price momentum, with a 16.18% 90 day share price return and a 27.77% year to date share price return, while the 1 year total shareholder return of 50.52% and 3 year total shareholder return of around 1.5x point to gains that extend beyond the latest quarter. If you are assessing how banks fit into a broader portfolio, it can also be helpful to compare them with other income focused ideas such as 8 dividend fortresses Central Pacific Financial has already rewarded shareholders with strong recent returns, a higher dividend and steady buybacks. The key question now is whether the valuation still offers upside or if most of the easy gains are already in the rearview mirror. Central Pacific Financial's most followed valuation narrative places fair value at about $42.33 per share, a touch above the latest $39.71 close, which frames the recent price gains in a more measured light. Read the complete narrative. Want to see what sits behind that fair value for Central Pacific Financial? The narrative leans heavily on steady growth, resilient margins and a richer earnings multiple than the sector. Curious which specific revenue and profit assumptions are doing the heavy lifting here? The full narrative lays out those moving parts in detail. Result: Fair Value of $42.33 (UNDERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, Central Pacific Financial's heavy focus on Hawaii and reliance on traditional interest income mean that slower loan growth or adverse rate moves could quickly challenge this upbeat narrative. Find out about the key risks to this Central Pacific Financial narrative. The fair value narrative paints Central Pacific Financial as modestly undervalued around $42.33. Yet on a simple P/E basis the stock trades at 12.3x, above the US Banks industry at 11.9x, peers at 11x and its own 11.4x fair ratio, which implies less margin for error if earnings stall. For context on how that P/E gap might matter for future upside or downside risk, have a look at the See what the numbers say about this price — find out in our valuation breakdown. Given the mixed signals in this Central Pacific Financial story, it makes sense to review the key rewards for yourself and decide how compelling they look. To see which specific positives our data highlights for the stock, take a closer look at the 4 key rewards If Central Pacific Financial has sharpened your focus, do not stop here. Use the Simply Wall Street Screener to uncover more stocks that might fit your goals. Spot potential mispriced opportunities early by reviewing companies highlighted in the screener containing 20 high quality undiscovered gems. Strengthen the resilience of your portfolio by assessing companies in the 83 resilient stocks with low risk scores. Build a more dependable income stream by checking out stocks in the solid balance sheet and fundamentals stocks screener (48 results). This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include CPF. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Net interest margin expanded by 4 basis points to 3.57%, driven by beneficial back-book asset repricing and stable funding costs. Hawaii's economy remains resilient with 2.5% unemployment and rising government contract awards, supporting a stable core deposit base. Management is prioritizing a relationship-focused banking model, which helped maintain core deposits at over 90% of the total deposit mix. The bank is investing in automation and data infrastructure to drive future operating efficiencies while maintaining disciplined expense management. Loan yields increased to 4.96% as new production yields outpaced runoff yields, though back-book repricing benefits have begun to moderate. Profitability growth of 19% year-over-year was supported by disciplined balance sheet management and a neutral-to-slightly asset-sensitive position. Management expects net interest margin to remain relatively steady with a slight upward bias in the second half of 2026. Full-year net interest income guidance is maintained at a 4% to 6% increase, assuming the Federal Reserve remains on hold. Loan and deposit growth is projected in the low-single-digit range for the full year, with stronger loan fundings expected in the second half. Operating expenses are forecasted to grow by 2.5% to 3.5% for the full year, with some pressure from new CRM and data platform launches. The bank intends to maintain a similar pace of capital return through dividends and its remaining $33.2 million share repurchase authorization. Criticized loans increased to 234 basis points, primarily due to a specific $20 million Hawaii-based real estate loan involving a guarantor dispute. Other operating income was elevated by $3 million due to market-linked BOLI performance, which also drove higher deferred compensation expenses. Provision expense of $4.4 million was largely driven by more conservative economic assumptions and commitment growth rather than portfolio deterioration. Geopolitical conflicts and their potential impact on oil prices and inflation remain key external risks being monitored by management. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Growth will be supported by $70 million in new construction loan commitments and a solid, though lumpy, commercial pipeline. New initiatives in the Hawaii retail portfolio are specifically designed to slow the rate of runoff in the commercial book. The uptick in criticized loans is attributed to a probability-of-default rating system rather than expected losses. A key $20 million real estate loan remains well-collateralized at 57% LTV despite a dispute among the ownership group. The bank is taking a measured approach, focusing on data infrastructure and workflows like AML reviews and credit assembly. Management prefers working with established providers for near-term paybacks rather than developing proprietary internal tools.

This article first appeared on GuruFocus. Net Income: $20.8 million, or $0.80 per diluted share, a 19% increase from the year-ago period. Return on Average Assets: 1.12%. Return on Average Equity: 13.94%. Net Interest Income: $62.8 million. Net Interest Margin: Increased by 4 basis points to 3.57%. Total Other Operating Income: $14.6 million, up $3 million from the prior quarter. Total Other Operating Expense: $46.2 million, up $2.5 million. Dividend: Second-quarter dividend of $0.29 per share; third-quarter dividend declared at $0.30 per share, a 3.4% increase. Share Repurchase: Approximately 322,000 shares repurchased for $11.3 million; $33.2 million remaining under the program. Total Loans: Ended the quarter at $5.3 billion, with average loan balances increasing by $33 million. Average Loan Portfolio Yield: 4.96%, up from 4.93% in the prior quarter. Total Deposits: $6.7 billion, with core deposits over 90% of total deposits. Total Deposit Costs: Unchanged at 90 basis points. Non-Performing Assets: $16.5 million, or 22 basis points of total assets. Net Charge-Offs: 20 basis points of average loans. Provision Expense: $4.4 million, including $3.3 million added to the allowance. Allowance for Loan Losses: $60.6 million, or 1.14% of loans. CET1 Ratio: 12.7%. Total Risk-Based Capital Ratio: 14.8%. Warning! GuruFocus has detected 6 Warning Sign with CPF. Is CPF fairly valued? Test your thesis with our free DCF calculator. Release Date: July 24, 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 second-quarter with net income of $20.8 million, marking a 19% increase from the previous year. The company maintained a stable core funding base and expanded its net interest margin by 4 basis points to 3.57%. CPF was recognized as the highest-ranked company in Hawaii on America's Best Companies 2026 list by TIME Magazine and as the Best-In-State Bank in Hawaii by Forbes for the third consecutive year. The company continues to invest in talent and technology, including automation and data, to support future operating efficiencies. Hawaii's economy remains resilient with low unemployment at 2.5% and steady visitor industry, contributing to CPF's stable operating environment. Loan growth was relatively flat in the second-quarter, impacted by several loan closings moving to the third-quarter and expected CRE loan payoffs. Criticized loans increased to 234 basis points of total loans, driven by a small number of Hawaii-based credits. Total other operating expenses increased by $2.5 million, primarily due to higher salaries and employee benefits. The company expects its other operating expenses to grow by 2.5% to 3.5% for the full year, which could impact profitability. CPF's balance sheet sensitivity is relatively neutral to slightly asset-sensitive, limiting the potential benefits from a Fed rate hike. Q: How is the deposit competition in Hawaii compared to the mainland, and what are the current funding costs? A: David Morimoto, Chief Operating Officer, explained that deposit competition in Hawaii remains consistent and more rational than on the mainland. The company has seen strong deposit performance, with growth of nearly $90 million year-to-date, and expects this trend to continue. Q: What are the expectations for net interest margin (NIM) in the coming quarters, and are there any balance sheet optimization opportunities? A: Dayna Matsumoto, Chief Financial Officer, stated that the company aims to maintain a strong margin while balancing growth. Loan pricing remains competitive, and deposit pricing is rational, leading to an expectation of a stable NIM in the high 3.50s range. Q: What factors are contributing to the confidence in stronger loan growth in the second half of the year? A: David Morimoto highlighted that new construction loans and a solid commercial pipeline are expected to drive stronger loan growth. Initiatives to slow runoff in the commercial portfolio also contribute to this confidence. Q: Can you provide more details on the uptick in non-performing assets and classified loans? A: Ralph Mesick, Chief Risk Officer, explained that the increase in criticized loans was due to a few Hawaii-based credits with potential weaknesses. The largest credit involved a $20 million real estate loan with ownership disputes, but it remains well-collateralized with no expected loss. Q: What is the outlook for share repurchases, and will the pace remain consistent? A: Dayna Matsumoto indicated that the company plans to continue returning capital at a similar pace through dividends and share repurchases, considering factors like loan growth, market environment, and valuation. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Highlights: Net income of $20.8 million, or $0.80 per diluted share Return on average assets of 1.12% and return on average equity of 13.94% Net interest margin increased by 4 bps to 3.57% from the prior quarter Repurchased 321,858 shares of common stock at a total cost of $11.3 million during the quarter Board of Directors declared a third quarter cash dividend of $0.30 per share, an increase of 3.4% from prior quarter Central Pacific Bank was the highest-ranked company in Hawaii on America's Best Companies 2026 list, published by TIME magazine, and named Best Bank in Hawaii by Forbes Magazine in 2026 for the third consecutive year HONOLULU, July 24, 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 $20.8 million, or $0.80 diluted earnings per share ("EPS"), for the second quarter of 2026. This compares to net income of $20.7 million, or EPS of $0.78, in the prior quarter and $18.3 million, or EPS of $0.67, in the same period last year. "We delivered another strong quarter of performance, backed by our team’s dedication and commitment," said Arnold Martines, Chairman, President and CEO. "Our robust capital position supports future organic growth, while returning value to shareholders through our increased dividend and continued share repurchases. We are also honored to be the highest-ranked company in Hawaii on America’s Best Companies 2026 list, published by TIME magazine, and recognized by Forbes as the Best Bank in Hawaii for the third consecutive year. We are grateful for the support of our customers and the communities we serve." Earnings Highlights Net interest income for the second quarter of 2026 totaled $62.8 million, which increased by $1.5 million, or 2.4% from the prior quarter, and increased by $3.0 million, or 5.1%, compared to the same quarter last year. Net interest margin ("NIM") for the second quarter of 2026 was 3.57%, an increase of 4 basis points ("bp" or "bps") from the prior quarter, and an increase of 13 bps from the same quarter last year. The sequential quarter increase in net interest income and NIM was primarily driven by higher average balances and yields earned on loans and investment securities, combined with a decline in average rates paid on interest-bearing deposits. The Company recorded a provision for credit losses of $4.4 million in the second quarter of 2026, compared to a provision of $2.4 million in the prior quarter, and a provision of $5.0 million in the same quarter last year. The current quarter provision included a provision for credit loss on loans of $3.3 million and a $1.1 million reserve for off-balance sheet credit exposures. The increase from the prior quarter was primarily driven by changes in the economic forecast used in our current expected credit losses model, combined with higher unfunded loan commitments. Other operating income for the second quarter of 2026 totaled $14.6 million, compared to $11.6 million in the prior quarter, and $13.0 million in the same quarter last year. The sequential quarter increase was primarily due to a $2.6 million increase in income from bank-owned life insurance ("BOLI") due to favorable equity market performance. Other operating expense for the second quarter of 2026 totaled $46.2 million, compared to $43.7 million in the prior quarter, and $43.9 million in the same quarter last year. The increase from the prior quarter was primarily attributable to higher salaries and employee benefits of $2.3 million due to higher deferred compensation expense and incentive accruals. The increase in deferred compensation expense was related to equity market performance. The efficiency ratio was 59.62% in the second quarter of 2026, compared to 59.87% in the prior quarter and 60.36% in the same quarter last year. The effective tax rate for the second quarter of 2026 was 22.6%, compared to 23.0% in the prior quarter, and 23.5% in the same quarter last year. The decrease in the Company's effective tax rate was primarily attributable to an increase in tax-exempt income. Balance Sheet Highlights As of June 30, 2026, total assets were $7.50 billion, generally consistent with $7.50 billion at March 31, 2026, and increased $131.5 million, or 1.8% from $7.37 billion at June 30, 2025. Total loans, net of deferred fees and costs, were $5.31 billion at June 30, 2026, and remained relatively stable compared to $5.32 billion at March 31, 2026, and $5.29 billion at June 30, 2025. The average yield earned on loans during the second quarter of 2026 was 4.96%, compared to 4.93% in the prior quarter and 4.96% in the same quarter last year. Total deposits were $6.70 billion at June 30, 2026, relatively unchanged from $6.70 billion at March 31, 2026, and increased by $150.8 million, or 2.3% from $6.54 billion at June 30, 2025. Core deposits, which include demand deposits, savings and money market deposits and time deposits up to $250,000, totaled $6.12 billion at June 30, 2026, generally consistent with $6.13 billion at March 31, 2026, and increased by $167.1 million, or 2.8% from $5.96 billion at June 30, 2025. The average rate paid on total deposits during the second quarter of 2026 was 0.90%, consistent with 0.90% in the prior quarter, and decreased from 1.02% in the same quarter last year. Asset Quality Nonperforming assets totaled $16.5 million, or 0.22% of total assets at June 30, 2026, compared to $14.5 million, or 0.19% of total assets at March 31, 2026 and $14.9 million, or 0.20% of total assets at June 30, 2025. Net charge-offs in the second quarter of 2026 totaled $2.7 million, compared to net charge-offs of $2.4 million in the prior quarter, and net charge-offs of $4.7 million in the same quarter last year. On an annualized basis, net charge-offs as a percentage of average loans was 0.20% in the second quarter of 2026, compared to 0.18% in the prior quarter, and 0.35% in the same quarter last year. The allowance for credit losses on loans was 1.14% of total loans as of June 30, 2026, compared to 1.13% at March 31, 2026 and June 30, 2025. Capital Total shareholders' equity at June 30, 2026 was $596.3 million, compared to $593.9 million at March 31, 2026 and $568.9 million at June 30, 2025. During the second quarter of 2026, the Company repurchased 321,858 shares of common stock at a total cost of $11.3 million, or an average price of $35.01 per share. As of June 30, 2026, $33.2 million remained available under the Company's share repurchase authorization. The Company's regulatory capital ratios remained strong, with a leverage ratio of 9.7%, a Common Equity Tier 1 ratio of 12.7%, a Tier 1 risk-based capital ratio of 13.6%, and a total risk-based capital ratio of 14.8% at June 30, 2026. On July 23, 2026, the Board of Directors increased its quarterly cash dividend by 3.4% to $0.30 per share. The dividend will be payable on September 15, 2026, to shareholders of record as of August 31, 2026. Conference Call The Company's management will host a conference call today at 2:00 p.m. Eastern Time (8:00 a.m. Hawaii Time) to discuss its second quarter of 2026 financial results. Interested parties may listen to the conference by calling 1-833-461-5787 and entering the meeting ID: 719 331 929 or by registering for the webcast at the following link: https://events.q4inc.com/attendee/719331929. The Company’s investor relations website, https://ir.cpb.bank, will also include a link to the webcast and a slide presentation. A replay of the call will be available on the Company's investor relations website until July 24, 2027. About Central Pacific Financial Corp. Central Pacific Financial Corp. is a Hawaii-based bank holding company with approximately $7.50 billion in assets as of June 30, 2026. Its primary subsidiary, Central Pacific Bank, operates 27 branches and 56 ATMs in the State of Hawaii. Central Pacific Financial Corp. is listed on the New York Stock Exchange under the symbol "CPF." For additional information, please visit: cpb.bank. Member FDICEqual Housing LenderNYSE Listed: CPF Forward-Looking Statements This document may contain forward-looking statements ("FLS") concerning, among other things: projections of revenues, expenses, income or loss, earnings or loss per share, capital expenditures, payment or nonpayment of dividends, net interest income, capital position, credit losses, net interest margin, or other financial items. These statements may also include the plans, objectives, and expectations of Central Pacific Financial Corp. (the "Company") or its management or Board of Directors, including those relating to business plans, use of capital resources, products or services, and regulatory developments or actions. In addition, such statements may address anticipated economic performance, the expected impact of business initiatives, and the assumptions underlying any of the foregoing. Words such as "believe," "plan," "anticipate," "aim," "seek," "expect," "intend," "forecast," "hope," "target," "continue," "remain," "estimate," "will," "should," "may," and other similar expressions are intended to identify FLS, although such terminology is not the exclusive means of doing so. While we believe that our FLS and their underlying assumptions are reasonably based, such statements are inherently subject to risks and uncertainties that may cause actual results to differ materially from expectations. Factors that may lead to such differences, include, but are not limited to: the persistence or resurgence of inflationary pressures in the United States and our market areas, and their effect on market interest rates, economic conditions, and credit quality; the impact of the current U.S. administration’s economic policies, including potential international tariffs, geopolitical instability, trade tensions, and other cost-cutting or fiscal initiatives; the adverse effects of bank failures on customer confidence, deposit behavior, liquidity, and regulatory responses; the effects of pandemics, epidemics, and other public health emergencies, including their impact on Hawaii's tourism and construction sectors and on our borrowers, customers, vendors and employees; supply chain disruptions, labor contract disputes, strikes; adverse trends in the real estate or construction industries, including rising inventory levels or declining property values; deterioration in borrowers' financial performance leading to increased loan delinquencies, asset quality issues, or loan losses; the impact of local, national, and international economic conditions and natural disasters (such as wildfires, volcanic eruptions, hurricanes, tsunamis, storms, floods, or earthquakes) on our markets and major industries within Hawaii; weakness in domestic economic conditions, including instability in the financial industry, deterioration in real estate markets, and declines in consumer or business confidence; revisions to estimates of reserve requirements under applicable regulatory and accounting standards; the impact of legislative and regulatory developments, changing capital and consumer protection rules, and new regulations affecting our operations and competitiveness; the costs and effects of legal and regulatory proceedings, including actual or threatened litigation and the results of governmental and regulatory exams and orders, as well as the costs of ongoing or potential compliance efforts; the effect of accounting standard changes adopted by regulatory agencies, the PCAOB, or the FASB, and the cost and resources associated with implementation; changes in trade, monetary, or fiscal policy, including actions by the Federal Reserve; market volatility and monetary fluctuations, including the transition away from the LIBOR Index; declines in our market capitalization or the price of our common stock; the effects and cost of acquisitions, dispositions, or strategic transactions we may make or evaluate; political instability, acts of war or terrorism, or other geopolitical conflicts; shifts in consumer spending, borrowing, and savings behaviors; technological changes and developments; cybersecurity incidents, data privacy breaches, or fraud involving us or third-party vendors; deficiencies in internal control over financial reporting or disclosure controls and procedures, and our ability to remediate them; increased competition among financial institutions and other financial service providers; our ability to achieve efficiency ratio improvement goals; our ability to attract and retain key personnel; changes in our personnel, organization, compensation and benefit plans; and related reputational or regulatory exposures; and risks related to the United States fiscal debt, deficit, and budget uncertainties. For further information on factors that could cause actual results to differ materially from the expectations or projections expressed in our FLS, please refer to the Company's filings with the U.S. Securities and Exchange Commission, including the Company's most recent Form 10-K, particularly, the discussion of "Risk Factors" set forth therein. We urge investors to consider all of these factors carefully in evaluating the FLS contained in this document. FLS speak only as of the date on which such statements are made. We undertake no obligation to update any FLS to reflect events or circumstances occurring after the date on which such statements are made, or to reflect the occurrence of unanticipated events, except as required by law. To supplement its consolidated financial information, the Company utilizes certain non-GAAP financial measures. These measures are not intended to be considered in isolation or as a substitute for comparable GAAP results. The Company believes these non-GAAP financial measures provide meaningful insight to investors and other stakeholders in understanding its financial performance and position, by excluding certain transactions that may be non-recurring, non-operational, or not indicative of ongoing results. The Company believes that these non-GAAP measures offer a useful perspective for evaluating performance trends over time and are intended to support period-to-period comparisons. The Company believes they are valuable tools for both investors and management in assessing historical results and forecasting future performance. Non-GAAP financial measures may not be comparable to similarly entitled measures reported by other companies. The results for the three months ended June 30, 2026 were not materially impacted by items outside of the normal course of business. A key measure of operating efficiency monitored by the Company is the efficiency ratio, which is derived from GAAP-based amounts. It is calculated by dividing total other operating expenses by total pre-provision revenue (defined as net interest income plus total other operating income). The Company believes that the efficiency ratio, a non-GAAP financial measure, provides a useful supplemental metric that enhances understanding of its business performance and operating efficiency. However, this ratio should not be viewed as a substitute for GAAP results and may not be comparable to similarly titled measures reported by other companies. The following table presents the Company's efficiency ratio for the periods indicated: The table below presents the Tangible Common Equity ("TCE") ratio, a non-GAAP financial measure, as of the dates indicated. The TCE ratio is calculated by dividing tangible common equity by tangible assets. View source version on businesswire.com: https://www.businesswire.com/news/home/20260724040698/en/ Contacts Investor Contact:Jayrald RabagoSenior Strategic Financial Officer(808) [email protected] Media Contact:Tim SakaharaCorporate Communications Manager(808) [email protected]

Central Pacific Financial (CPF) came out with quarterly earnings of $0.8 per share, beating the Zacks Consensus Estimate of $0.78 per share. This compares to earnings of $0.67 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +2.56%. A quarter ago, it was expected that this operator of Central Pacific Bank would post earnings of $0.74 per share when it actually produced earnings of $0.78, delivering a surprise of +5.41%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Central Pacific Financial, which belongs to the Zacks Banks - West industry, posted revenues of $77.45 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 2.18%. This compares to year-ago revenues of $72.81 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 24.1% since the beginning of the year versus the S&P 500's gain of 8.2%. 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 mixed. 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 #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.86 on $77.45 million in revenues for the coming quarter and $3.17 on $300.45 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - West is currently in the top 24% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, Hope Bancorp (HOPE), has yet to report results for the quarter ended June 2026. The results are expected to be released on July 27. This bank holding company is expected to post quarterly earnings of $0.26 per share in its upcoming report, which represents a year-over-year change of +36.8%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Hope Bancorp's revenues are expected to be $146.8 million, up 10% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CPB Inc. (CPF) : Free Stock Analysis Report Hope Bancorp, Inc. (HOPE) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Interested in CPB Inc.? Here are five stocks we like better. Central Pacific Financial (CPB) posted second-quarter net income of $20.8 million, or $0.80 per diluted share, up 19% from a year earlier, helped by higher earning assets, stable funding costs and a slightly wider net interest margin. Management reaffirmed full-year net interest income growth guidance of 4% to 6% and expects margin to stay relatively steady or improve modestly in the second half, with loan growth likely to strengthen as commercial construction activity picks up. Credit quality remained solid, with low nonperforming assets and stable past-due trends, while the company continued returning capital through a higher quarterly dividend and share repurchases. Central Pacific Financial Corp. CPB (NYSE:CPF) reported second-quarter 2026 net income of $20.8 million, or $0.80 per diluted share, as the Hawaii-based bank benefited from higher earning-asset balances and yields, stable funding costs and a modest expansion in net interest margin. Diluted earnings per share increased 19% from the year-earlier quarter. Return on average assets was 1.12%, while return on average equity was 13.94%, according to Executive Vice President and Chief Financial Officer Dayna Matsumoto. → Could Truth API Become Trump Media’s First Meaningful Revenue Driver? Chairman, President and Chief Executive Officer Arnold Martines said the company maintained profitability while managing its balance sheet with discipline. He said the bank expanded average earning assets, preserved a stable core funding base and continued investing in talent, technology, automation and data capabilities while managing expenses. Net interest income totaled $62.8 million during the second quarter, while net interest margin increased four basis points from the prior quarter to 3.57%. Matsumoto attributed the result to growth in average loans and securities, higher earning-asset yields and stable funding costs. → GE Vernova Just Sent a Mixed AI Signal to Investors The company expects net interest margin to remain relatively steady or rise slightly in the second half of 2026. While the benefit from repricing existing assets remains favorable, Matsumoto said that benefit has moderated. CPB expects deposit costs to remain fairly steady if the Federal Reserve keeps rates unchanged. Management reaffirmed guidance for full-year net interest income growth of 4% to 6% over the prior year. Matsumoto said the balance sheet is relatively neutral to slightly asset sensitive and is positioned to benefit from a potential Federal Reserve rate increase, although management does not expect such an increase to have a significant impact this year. → D-Wave Quantum or a Quantum ETF: Which Is the Better Bet? During the question-and-answer session, Matsumoto said loan pricing remains competitive in Hawaii, with some spread compression, while deposit pricing has remained rational. She said the company expects its margin to remain in the “high 350s” as it balances profitability with growth opportunities. Total loans ended the quarter relatively unchanged at $5.3 billion, although average loan balances rose $33 million from the first quarter. Vice Chair and Chief Operating Officer David Morimoto said second-quarter loan growth was affected by several closings shifting into the third quarter and expected commercial real estate loan payoffs. Average loan yield increased to 4.96% from 4.93% in the prior quarter, primarily reflecting higher yields on new loan production relative to runoff loans. Morimoto said the bank originated nearly $70 million of new construction loans during the quarter, mainly multifamily construction loans on the mainland, with floating rates at Secured Overnight Financing Rate plus spreads in the low 200-basis-point range. Management expects stronger loan growth in the second half than in the first half, supported by commercial construction funding activity, a commercial lending pipeline and initiatives intended to slow runoff in its Hawaii retail portfolio. CPB continues to expect both loan and deposit growth in the low-single-digit range for the full year. Total deposits were largely unchanged at $6.7 billion, with core deposits representing more than 90% of the total. Morimoto said noninterest-bearing and relationship-based accounts continued to grow. Total deposit costs held steady at 90 basis points, and the company reported deposit growth of nearly $90 million year to date. Morimoto said deposit competition in Hawaii has remained consistent and more rational than on the mainland, where banks face a larger number of competitors. Matsumoto said the company’s 79% loan-to-deposit ratio at June 30 was at the low end of its typical 80% to 85% target range, leaving room to support expected lending growth. CPB paid a $0.29-per-share second-quarter dividend, and its board declared a $0.30-per-share third-quarter dividend, representing a 3.4% increase. The company also repurchased about 322,000 shares for $11.3 million during the quarter, leaving $33.2 million available under its repurchase authorization at quarter-end. Matsumoto said management generally expects capital returns through dividends and repurchases to continue at a similar pace, though repurchase levels will remain dependent on loan growth, market conditions, risk and valuation. Vice Chair Ralph Mesick said asset quality remained strong. Nonperforming assets totaled $16.5 million, or 22 basis points of total assets, and net charge-offs were 20 basis points of average loans. Past-due trends were stable, and management said it was not seeing broad-based weakness across the loan portfolio. Criticized loans increased to 234 basis points of total loans, driven primarily by a small number of Hawaii-based credits. Mesick said the credits are well collateralized and actively managed. He discussed the largest downgraded credit, a $20 million Hawaii real estate loan involving an ownership dispute and financial difficulties for the principal guarantor. The loan had debt-service coverage of about 1.27 times and a loan-to-value ratio of 57%, and Mesick said management does not see loss content in the loan. Provision expense was $4.4 million, including $3.3 million added to the allowance for credit losses and $1.1 million added to the reserve for unfunded commitments. Management said the increase primarily reflected more conservative economic assumptions and commitment growth rather than portfolio deterioration. The allowance rose to $60.6 million, or 1.14% of loans, from 1.13% in the first quarter. Other operating income increased $3 million sequentially to $14.6 million, largely due to bank-owned life insurance income tied to market performance. Other operating expense rose $2.5 million to $46.2 million, primarily because of higher deferred compensation expense also associated with market performance. The company maintained its forecast for 2.5% to 3.5% full-year growth in other operating expenses, though Matsumoto said its latest forecast was near the lower end of that range. She said second-half expenses will include costs associated with a customer relationship management system, a new branch system and data platforms. Management expects deferred compensation expense to normalize in the second half. Martines said Hawaii’s economy remains resilient, citing steady visitor activity, increases in visitors from the U.S. East Coast and Japan, 2.5% unemployment, increased construction employment and rising government contract awards. He added that the company continues to monitor geopolitical conflict, oil prices and inflation, but has not observed significant impacts on customers. Charoen Pokphand Foods Public Company Limited (NYSE: CPF) is a Thailand‐based integrated agro‐industrial and food conglomerate. Headquartered in Bangkok, the company is a subsidiary of the Charoen Pokphand Group and has grown into one of the world's leading producers of livestock feed, meat and seafood products. CPF's businesses span animal feed milling, animal breeding and hatchery operations, meat and seafood processing, and the distribution of fresh, frozen and value‐added food products. CPF's product portfolio includes poultry, swine and aquaculture feed; fresh and frozen chicken and pork; shrimp and other seafood; as well as ready‐to‐eat and ready‐to‐cook food items. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "CPB Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for July 2026.

Central Pacific Financial (CPF) reported $77.45 million in revenue for the quarter ended June 2026, representing a year-over-year increase of 6.4%. EPS of $0.80 for the same period compares to $0.67 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $75.8 million, representing a surprise of +2.18%. The company delivered an EPS surprise of +2.56%, with the consensus EPS estimate being $0.78. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. 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: $16.55 million compared to the $14.82 million average estimate based on two analysts. Efficiency Ratio: 59.6% versus 59.7% estimated by two analysts on average. Net Interest Margin: 3.6% versus 3.6% estimated by two analysts on average. Net charge-offs to average loans: 0.2% versus the two-analyst average estimate of 0.2%. Total nonaccrual loans: $15.62 million versus $14.57 million estimated by two analysts on average. Average Balance - Total interest earning assets: $7.08 billion versus $7.07 billion estimated by two analysts on average. Net Interest Income (FTE): $63.02 million compared to the $62.83 million average estimate based on two analysts. Total noninterest Income/ Total other operating income: $14.62 million compared to the $12.87 million average estimate based on two analysts. Net Interest Income: $62.83 million versus the two-analyst average estimate of $62.64 million. View all Key Company Metrics for Central Pacific Financial here>>> Shares of Central Pacific Financial have returned +2.4% over the past month versus the Zacks S&P 500 composite's +0.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CPB Inc. (CPF) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

East West Bancorp (EWBC) came out with quarterly earnings of $2.63 per share, beating the Zacks Consensus Estimate of $2.61 per share. This compares to earnings of $2.28 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +0.77%. A quarter ago, it was expected that this bank holding company would post earnings of $2.46 per share when it actually produced earnings of $2.57, delivering a surprise of +4.47%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. East West Bancorp, which belongs to the Zacks Banks - West industry, posted revenues of $791.14 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 0.66%. This compares to year-ago revenues of $703.25 million. The company has topped consensus revenue estimates four 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. East West Bancorp shares have added about 19.2% since the beginning of the year versus the S&P 500's gain of 8.7%. While East West Bancorp 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 East West Bancorp was mixed. 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 #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $2.66 on $802.4 million in revenues for the coming quarter and $10.56 on $3.18 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - West is currently in the top 20% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, Central Pacific Financial (CPF), is yet to report results for the quarter ended June 2026. The results are expected to be released on July 24. This operator of Central Pacific Bank is expected to post quarterly earnings of $0.78 per share in its upcoming report, which represents a year-over-year change of +16.4%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Central Pacific Financial's revenues are expected to be $75.8 million, up 4.1% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report East West Bancorp, Inc. (EWBC) : Free Stock Analysis Report CPB Inc. (CPF) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research