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Compass Point Upgrades Central Pacific Financial (CPF) to Buy

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Central Pacific Financial Corp. Reports $11.5 Million Third Quarter Earnings

October 27, 2016 8:00 AM EDT

HONOLULU, Oct. 27, 2016 /PRNewswire/ -- Central Pacific Financial Corp. (NYSE: CPF), (the "Company"), today reported net income for the third quarter of 2016 of $11.5 million, or $0.37 per diluted share, compared to net income in the third quarter of 2015 of $12.2 million, or $0.38 per diluted share, and net income in the second quarter of 2016 of $12.1 million, or $0.39 per diluted share.

"Our continued loan and deposit growth and improved asset quality have resulted in another quarter of solid core earnings," said Catherine Ngo,... More