Central Pacific Financial (CPF) Tops Q4 EPS by 5c
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Central Pacific Financial Corp. Reports Earnings Of $15.8 Million For The Fourth Quarter And $59.5 Million For The 2018 Year
January 30, 2019 6:00 AM ESTHONOLULU, Jan. 30, 2019 /PRNewswire/ -- Central Pacific Financial Corp. (NYSE: CPF), (the "Company"), today reported net income in the fourth quarter of 2018 of $15.8 million, or diluted earnings per share ("EPS") of $0.54, compared to net income in the fourth quarter of 2017 of $4.3 million, or EPS of $0.14, and net income in the third quarter of 2018 of $15.2 million, or EPS of $0.52. Net income in the fourth quarter of 2017 included an estimated one-time, non-cash charge to income tax expense of $7.4 million, representing a $0.25 decrease in EPS, due to the revaluation of the Company's net deferred tax... More
