Central Pacific Financial (CPF) Misses Q2 EPS by 1c

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Go back to Central Pacific Financial (CPF) Misses Q2 EPS by 1c

Central Pacific Financial Reports Second Quarter Earnings of $14.5 Million

July 26, 2023 6:30 AM EDT

Net income of $14.5 million, or $0.53 per diluted share for the quarter. ROA of 0.78% and ROE of 12.12% for the quarter. Total loans of $5.52 billion decreased by $36.7 million in the second quarter. Total deposits of $6.81 billion increased by $58.8 million in the second quarter. Core deposits of $5.98 billion increased by $10.1 million, or 0.2% in the second quarter. 65% of total deposits are FDIC-insured or fully collateralized as of June 30, 2023. Solid liquidity position with $311.0 million in cash on balance sheet and $2.71 billion in total other liquidity sources, including available borrowing capacity and unpledged... More