Central Pacific Financial (CPF) Tops Q1 EPS by 14c

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Go back to Central Pacific Financial (CPF) Tops Q1 EPS by 14c

CENTRAL PACIFIC FINANCIAL REPORTS FIRST QUARTER EARNINGS OF $19.4 MILLION

April 20, 2022 6:30 AM EDT

Net income of $19.4 million, or $0.70 per diluted share for the quarter. ROA of 1.06% and ROE of 14.44% for the quarter. Core loans increased by $120.3 million, or 2.4% (9.6% annualized), in the first quarter, while PPP loans decreased by $47.1 million, for a net increase in total loans of $73.2 million, or 1.4% (5.6% annualized) from last quarter.Ratio of nonperforming assets to total assets improved to 0.07% in the first quarter, from 0.08% last quarter.Cost of average total deposits remained at 0.06% in the first quarter.Completed equity investment and... More