Central Pacific Financial (CPF) Misses Q3 EPS by 3c

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Go back to Central Pacific Financial (CPF) Misses Q3 EPS by 3c

Central Pacific Financial Reports Third Quarter Earnings of $13.1 Million

October 25, 2023 6:30 AM EDT

Net income of $13.1 million, or $0.49 per diluted share for the quarter. ROA of 0.70%, ROE of 10.95% and NIM of 2.88% for the quarter. Total loans of $5.51 billion decreased by $12.0 million in the third quarter. Ratio of nonperforming assets to total assets of 0.09% at September 30, 2023. Total deposits of $6.87 billion increased by $69.0 million in the third quarter. Total deposit cost was 1.08% in the third quarter. Solid liquidity position with $438.7 million in cash on balance sheet and $2.47 billion in total other liquidity sources, including available borrowing capacity and unpledged investment securities at... More