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Central Pacific Financial Corp (CPF) |
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Price: $29.1100
$-0.17 
-0.581%
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| Day's High:
| $29.54
| Week Perf:
| 4.41 %
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| Day's Low: |
$ 28.95 |
30 Day Perf: |
8.1 % |
| Volume (M): |
167 |
52 Wk High: |
$ 29.55 |
| Volume (M$): |
$ 4,847 |
52 Wk Avg: |
$21.15 |
| Open: |
$29.22 |
52 Wk Low: |
$14.70 |
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| Market Capitalization (Millions $) |
789 |
| Shares
Outstanding (Millions) |
27 |
| Employees |
696 |
| Revenues (TTM) (Millions $) |
238 |
| Net Income (TTM) (Millions $) |
57 |
| Cash Flow (TTM) (Millions $) |
-12 |
| Capital Exp. (TTM) (Millions $) |
12 |
Central Pacific Financial Corp
Through our bank and its subsidiaries, we offer full-service commercial banking
with 36 bank branches and 103 ATMs located throughout the state of Hawaii. Our
administrative and main offices are located in Honolulu and we have 28 branches
on the island of Oahu. We operate four branches on the island of Maui, two branches
on the island of Hawaii and two branches on the island of Kauai. Our bank’s
deposits are insured by the Federal Deposit Insurance Corporation (“FDIC”)
up to applicable limits. The bank is not a member of the Federal Reserve System.
Central Pacific Bank is a full-service commercial bank offering a broad range
of banking products and services, including accepting time and demand deposits
and originating loans. Our loans include commercial loans, construction loans,
commercial and residential mortgage loans and consumer loans.
We derive our income primarily from interest and fees on loans, interest on
investment securities and fees received in connection with deposit and other
services. Our major operating expenses are the interest paid by our bank on
deposits and borrowings, salaries and employee benefits and general operating
expenses. Our bank relies substantially on a foundation of locally generated
deposits. For financial reporting purposes, we have the following three reportable
segments: (1) Banking Operations, (2) Treasury and (3) All Others.
Our operations, like those of other financial institutions that operate in our
market, are significantly influenced by economic conditions in Hawaii, including
the strength of the real estate market, as well as the fiscal and regulatory
policies of the federal and state government and the regulatory authorities
that govern financial institutions. See “—Supervision and Regulation”
below for other information about the regulation of our holding company and
bank.
Central Pacific Bank is the wholly-owned principal subsidiary of Central Pacific
Financial Corp. Other wholly-owned subsidiaries include: CPB Capital Trust II;
CPB Statutory Trust III; CPB Capital Trust IV; and CPB Statutory Trust V.
As of December 31, 2015, Central Pacific Bank does not have any wholly-owned
subsidiaries. Central Pacific Bank owns 50% of Pacific Access Mortgage, LLC,
Gentry HomeLoans, LLC, Haseko HomeLoans, LLC, Island Pacific HomeLoans, LLC,
and One Hawaii HomeLoans, LLC.
Company Address: 220 South King Street Honolulu 96813 HI
Company Phone Number: 544-0500 Stock Exchange / Ticker: NYSE CPF
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Customers Net Income fell by |
CPF's Customers Net Profit Margin fell to |
-60.82 % |
5.98 %
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| Business Update
Published Tue, Aug 6 2024 11:56 AM UTC
Central Pacific Bank Accelerates Digital Transformation Amid Financial Challenges with ARGO Software SuiteIn a strategic move aiming to bolster its digital infrastructure and operational efficiency, Central Pacific Bank (CPB), the primary subsidiary of Central Pacific Financial Corporation (NYSE: CPF), has selected ARGO?s suite of retail banking software. The implementation...
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| Dividend
Published Wed, Jul 31 2024 1:57 PM UTC
HONOLULU, DATE - Central Pacific Financial Corp. (NYSE: CPF), the parent company of Central Pacific Bank (CPB), has announced its impressive second-quarter financial results for 2024. With net income of $15.8 million and fully diluted earnings per share (EPS) at $0.58, the company has showcased its resilient performance despite the challenging business environment....
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| Central Pacific Financial Corp
Central Pacific Financial Corp (NYSE: CPF) seems to be experiencing a downturn in their financial performance, as evidenced by their latest fiscal report for the interval ending March 31, 2024. The company reported a significant decrease in both their income and profits compared to the previous year, with income falling by 20% to $0.48 per share from $0.60, and profits dropping by 12.56% to $0.55 per share from the previous financial reporting period. Revenue also took a hit, decreasing by 9.247% to $57.50 million from $63.35 million in the same period a year prior.
The net earnings for the fiscal interval ending March 31, 2024, also fell by 20.03% to $12.945 million from $16.187 million in the corresponding period a year before. This significant decline in profitability should raise a red flag for potential investors considering Central Pacific Financial Corp as an investment opportunity.
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| Central Pacific Financial Corp
Central Pacific Financial Corp, the parent company of Central Pacific Bank, recently reported a significant decrease in earnings per share (EPS) and revenue for the financial period ending December 31, 2023. The company's EPS dropped by -26.39% to $0.55 per share, while revenue decreased by -8.399% to $61.66 million year-on-year.
The net profits for the financial period also fell by -26.34% to $14.866 million, compared to $20.181 million in the same period the previous year. The operating margin for Central Pacific Financial Corp mitigated to 31.04%, and the net margin shrank to 24.11%. Operating earnings fell by -28.8% to $19.139 million, which squeezed the operating margin from 39.93% in the fourth quarter of 2022.
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| Central Pacific Financial Corp
In the ever-evolving financial landscape, Central Pacific Financial Corp faced a challenging third quarter of 2023, as both their revenue and earnings took a hit. With an income fall of -19.67% to $0.49 per share and a revenue decrease by -11.652% year on year, the company experienced a decline compared to the previous year's earnings season. This article aims to delve deeper into the financial results, analyze the current state of Central Pacific Financial Corp, and provide insights into its future prospects.
Declining Revenues and Earnings:
During the third quarter of 2023, Central Pacific Financial Corp witnessed a decline in revenue, which plummeted to $57.10 million compared to the $64.63 million recorded during the same period the previous year. The decrease in revenue by -2.972% from $58.85 million reflects a broader trend in the industry. In contrast, the on-average Regional Banks industry posted a revenue rise during the same quarter.
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| Per Share |
Current |
| Earnings (TTM) |
2.1 $ |
| Revenues (TTM) |
8.78 $
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| Cash Flow (TTM) |
- |
| Cash |
51.5 $
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| Book Value |
19.13 $
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| Dividend (TTM) |
1.04 $ |
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| Per Share |
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| Earnings (TTM) |
2.1 $
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| Revenues (TTM) |
8.78 $ |
| Cash Flow (TTM) |
- |
| Cash |
51.5 $
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| Book Value |
19.13 $ |
| Dividend (TTM) |
1.04 $ |
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3.19%