Central Pacific Financial (CPF) Reports In-Line Q1 EPS
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Central Pacific Financial Corp. Reports Results For First Quarter 2020
April 22, 2020 6:30 AM EDTHONOLULU, April 22, 2020 /PRNewswire/ -- Central Pacific Financial Corp. (NYSE: CPF) (the "Company"), parent company of Central Pacific Bank, today reported net income in the first quarter of 2020 of $8.3 million, or fully diluted earnings per share ("EPS") of $0.29, compared to net income in the first quarter of 2019 of $16.0 million, or EPS of $0.55, and net income in the fourth quarter of 2019 of $14.2 million, or EPS of $0.50. On January 1, 2020, the Company adopted the current expected credit losses ("CECL") accounting standard and, as a result, recorded increases of $3.6 million to the... More
