Central Pacific Financial (CPF) Tops Q3 EPS by 1c
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Central Pacific Financial Corp. Reports Results For Third Quarter 2020
October 28, 2020 6:30 AM EDTHONOLULU, Oct. 28, 2020 /PRNewswire/ -- Central Pacific Financial Corp. (NYSE: CPF) (the "Company"), parent company of Central Pacific Bank, today reported net income in the third quarter of 2020 of $6.9 million, or fully diluted earnings per share ("EPS") of $0.24, compared to net income in the third quarter of 2019 of $14.6 million, or EPS of $0.51, and net income in the second quarter of 2020 of $9.9 million, or EPS of $0.35. Our operating results continue to be impacted by a higher provision for credit loss expense that was driven by the economic forecast under the current... More
