Central Pacific Financial Corp. operates as the holding company for Central Pacific Bank that provides commercial banking products and services to businesses, professionals, and individuals in the United States. The company operates through three segments: Banking Operations, Treasury, and All Others. It offers various deposit products and services, including personal and business checking and savings accounts, money market accounts, and time certificates of deposit. The company's lending activities comprise commercial loans, financial and agricultural loans, commercial mortgages, and construction loans to small and medium-sized companies, business professionals, and real estate investors and developers, as well as residential mortgages, home equity, and consumer loans to local homebuyers and individuals. It also provides debit cards, internet and mobile banking, cash management and electronic banking services, traveler's checks, safe deposit boxes, international banking services, night depository facilities, foreign exchange and wire transfers, trust services, retail brokerage, and wholesale funding services. In addition, the company offers wealth management products and services, including non-deposit investment products, annuities, insurance, investment management, asset custody, and general consultation and planning services. As of December 31, 2020, it operated 31 branches and 69 automated teller machines in the state of Hawaii. The company was founded in 1954 and is headquartered in Honolulu, Hawaii.
IPO Year:
Exchange: NYSE
Website: cpb.bank
Date | Price Target | Rating | Analyst |
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10/6/2022 | Outperform → Mkt Perform | Raymond James | |
1/27/2022 | $31.00 → $30.00 | Buy → Neutral | Compass Point |
1/27/2022 | $29.00 → $33.00 | Outperform | Raymond James |
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Ralph Mesick, a veteran Hawaii banker with nearly 40 years of financial services experience, has joined Central Pacific Bank (CPB) as its Senior Executive Vice President and Chief Risk Officer, according to an announcement today by Arnold Martines, CPB chairman, president, and chief executive officer. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240903419404/en/Ralph Mesick. Photo courtesy: Central Pacific Bank "We want to be sure we are prepared for the increase in regulatory oversight the banking industry is currently going through," said Martines. "Ralph will play a key role in helping us successfully manage the changing re
ARGO, the leading provider of high-value mission-critical software for the financial services and healthcare industries, announced today that Honolulu-based Central Pacific Bank (CPB), the primary subsidiary of Central Pacific Corporation (NYSE:CPF), has selected ARGO Connects to drive monetary transaction processing, Omni customer acquisition, customer journey experience, fulfillment, and service across physical and digital channels. "Utilizing ARGO solutions will enable our bank to deliver the highest level of customer service across all channels," said Manny Edmondson, Executive Vice President and CTO of CPB. "In today's environment, it is important to provide a consistent customer exp
Highlights include: Net income of $15.8 million, or $0.58 per diluted share, an increase of 22.2% compared to the $12.9 million earned in the previous quarter Net interest margin of 2.97% increased by 14 bps from 2.83% in the previous quarter Total loans of $5.38 billion decreased by $17.8 million from the previous quarter Core deposits of $5.91 billion increased by $16.7 million from the previous quarter. Total deposits of $6.58 billion decreased by $36.4 million from the previous quarter, which included a decrease in government time deposits of $41.6 million. Net charge-offs of $3.8 million decreased by $0.8 million from the previous quarter Total risk-based capital and
Central Pacific Financial Corp. (NYSE:CPF), parent company of Central Pacific Bank, will release its second quarter 2024 earnings on July 31, 2024, before the open of the New York Stock Exchange. Management will review the results by conference call and live audio webcast beginning at 1:00 p.m. Eastern Time (7:00 a.m. Hawaii Time) on July 31, 2024. Interested parties may listen to the conference by calling 1-800-715-9871 (conference ID: 9836028), or by listening to the webcast on the company's investor relations website at http://ir.cpb.bank. A replay of the call will be available through August 30, 2024 by dialing 1-800-770-2030 (conference ID: 9836028) and on the company's website. Ab
Highlights include: Net income of $12.9 million, or $0.48 per diluted share NIM of 2.83% compared to 2.84% in the previous quarter and 3.08% a year ago Total loans of $5.40 billion decreased by $37.6 million from the previous quarter Total deposits of $6.62 billion decreased by $228.7 million from the previous quarter, which included a decrease in government time deposits of $139.1 million Total risk-based capital and common equity tier 1 ratios of 14.8% and 11.6%, respectively Board of Directors approved quarterly cash dividend of $0.26 per share Central Pacific Financial Corp. (NYSE:CPF) (the "Company"), parent company of Central Pacific Bank (the "Bank" or "CPB"), to
Central Pacific Financial Corp. (NYSE:CPF), parent company of Central Pacific Bank, will release its first quarter 2024 earnings on April 24, 2024, before the open of the New York Stock Exchange. Management will review the results by conference call and live audio webcast beginning at 1:00 p.m. Eastern Time (7:00 a.m. Hawaii Time) on April 24, 2024. Interested parties may listen to the conference by calling 1-800-715-9871 (conference ID: 1551295), or by listening to the webcast on the company's investor relations website at http://ir.cpb.bank. A replay of the call will be available through May 24, 2024 by dialing 1-800-770-2030 (conference ID: 1551295) and on the company's website. Abou
After 20 years of faithful service, Christine Camp, president and CEO of the Avalon Group, has decided to step down from the boards of Central Pacific Financial (CPF) and Central Pacific Bank (CPB), effective immediately. Camp has a long tenure with the bank, having served on the boards since 2004. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240306672077/en/Christine Camp (Photo: Business Wire) "I have been fortunate to be a part of the CPB family for 20 years and, throughout that time, the one constant has been the bank's commitment to its customers, employees and the community. I'm confident that current management will lea
Highlights Included: Net income of $14.9 million, or $0.55 per diluted share for the fourth quarter. ROA of 0.79%, ROE of 12.55% and NIM of 2.84% for the fourth quarter. Net income of $58.7 million, or $2.17 per diluted share for the 2023 year. ROA of 0.78%, ROE of 12.38% and NIM of 2.94% for the 2023 year. Completed balance sheet repositioning including the sale of an office real estate property, branch lease termination and investment securities portfolio restructuring, resulting in a net $0.9 million pre-tax gain in the fourth quarter, and a total estimated annual positive impact to future pre-tax income of $2.0 million. Board of Directors approved quarterly cash divide
Central Pacific Financial Corp. (NYSE:CPF), parent company of Central Pacific Bank, will release its fourth quarter 2023 earnings on January 31, 2024, before the open of the New York Stock Exchange. Management will review the results by conference call and live audio webcast beginning at 1 p.m. Eastern Time (8 a.m. Hawaii Time) on January 31, 2024. Interested parties may listen to the conference by calling 1-888-510-2553 (conference ID: 9816541), or by listening to the webcast on the company's investor relations website at http://ir.cpb.bank. A replay of the call will be available through March 1, 2024 by dialing 1-800-770-2030 (conference ID: 9816541) and on the company's website. Abou
MAUI, Hawaii, Jan. 03, 2024 (GLOBE NEWSWIRE) -- Maui Land & Pineapple Company, Inc. (NYSE:MLP) announced the appointment of two new Independent Directors to its Board, effective January 1, 2024: Catherine Ngo, a seasoned leader at the intersection of finance, technology, and law; and Maui native Ken Ota, a successful local entrepreneur with over 30 years of experience in the construction industry and water infrastructure. "Catherine and Ken embody esteemed leadership and we are honored to add them to our diverse slate of Directors. We look forward to their thoughtful guidance as we chart the course for a future of growth," said Race Randle, CEO of Maui Land & Pineapple Company. "Their e
Ralph Mesick, a veteran Hawaii banker with nearly 40 years of financial services experience, has joined Central Pacific Bank (CPB) as its Senior Executive Vice President and Chief Risk Officer, according to an announcement today by Arnold Martines, CPB chairman, president, and chief executive officer. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240903419404/en/Ralph Mesick. Photo courtesy: Central Pacific Bank "We want to be sure we are prepared for the increase in regulatory oversight the banking industry is currently going through," said Martines. "Ralph will play a key role in helping us successfully manage the changing re
MAUI, Hawaii, Jan. 03, 2024 (GLOBE NEWSWIRE) -- Maui Land & Pineapple Company, Inc. (NYSE:MLP) announced the appointment of two new Independent Directors to its Board, effective January 1, 2024: Catherine Ngo, a seasoned leader at the intersection of finance, technology, and law; and Maui native Ken Ota, a successful local entrepreneur with over 30 years of experience in the construction industry and water infrastructure. "Catherine and Ken embody esteemed leadership and we are honored to add them to our diverse slate of Directors. We look forward to their thoughtful guidance as we chart the course for a future of growth," said Race Randle, CEO of Maui Land & Pineapple Company. "Their e
Central Pacific Financial Corp. (NYSE:CPF), parent company of Central Pacific Bank (CPB), today announced the appointment of Robert Nobriga as a member of its board of directors of both CPF and CPB, effective January 1, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231206335303/en/Robert Nobriga (Photo: Business Wire) "Rob Nobriga has nearly 30 years of experience in local financial services, providing him with a wealth of knowledge and a valuable perspective that he can bring to CPB," said Arnold Martines, President and CEO. "I look forward to working closely with him and the rest of our board members as we continue to f
HONOLULU, Dec. 2, 2022 /PRNewswire/ -- Central Pacific Financial Corp. (NYSE:CPF), parent company of Central Pacific Bank (CPB), today announced the appointment of Jason Fujimoto as the newest member of its Board of Directors of both CPF and CPB, effective Jan. 1, 2023. Mr. Fujimoto will serve on both the CPF Board of Directors' Audit Committee and the CPB Board of Directors' Audit Committee. "Jason Fujimoto is an excellent addition to our Boards and will bring valuable insight and perspective to the bank's commitment to support small businesses through his own experience lea
HONOLULU, Oct. 20, 2022 /PRNewswire/ -- Central Pacific Financial (NYSE CPF, the "Company") today announced the appointment of Arnold Martines to Chief Executive Officer (CEO) of CPF and Central Pacific Bank ("CPB", the "Bank") as well as to the boards of both entities. All appointments are effective January 1, 2023. Martines, 58, who is currently President and Chief Operating Officer, will become President and CEO of the bank and the holding company. He is succeeding Paul Yonamine, 65, who is retiring to become Chairman Emeritus of the bank and the holding company. Catherine
HONOLULU, Nov. 1, 2021 /PRNewswire/ -- Central Pacific Financial Corp. (NYSE: "CPF", the "Company), parent company of Central Pacific Bank ("CPB", the "Bank"), today announced the appointment of Jonathan B. Kindred as director of the boards of CPF and CPB. The appointment is effective November 1, 2021 and will increase the number of directors on both boards from eleven (11) to twelve (12). The announcement was made today by Paul Yonamine, CPF Chairman and CEO. Kindred, 60, has over thirty-five (35) years of global experience in the financial services industry. He is currently
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Raymond James downgraded Central Pacific Financial from Outperform to Mkt Perform
Compass Point downgraded Central Pacific Financial from Buy to Neutral and set a new price target of $30.00 from $31.00 previously
Raymond James reiterated coverage of Central Pacific Financial with a rating of Outperform and set a new price target of $33.00 from $29.00 previously
Raymond James upgraded Central Pacific Financial from Market Perform to Outperform
Raymond James upgraded Central Pacific Financial from Market Perform to Outperform and set a new price target of $29.00
Piper Sandler upgraded Central Pacific Financial from Neutral to Overweight and set a new price target of $23.00 from $19.00 previously
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Highlights include: Net income of $15.8 million, or $0.58 per diluted share, an increase of 22.2% compared to the $12.9 million earned in the previous quarter Net interest margin of 2.97% increased by 14 bps from 2.83% in the previous quarter Total loans of $5.38 billion decreased by $17.8 million from the previous quarter Core deposits of $5.91 billion increased by $16.7 million from the previous quarter. Total deposits of $6.58 billion decreased by $36.4 million from the previous quarter, which included a decrease in government time deposits of $41.6 million. Net charge-offs of $3.8 million decreased by $0.8 million from the previous quarter Total risk-based capital and
Central Pacific Financial Corp. (NYSE:CPF), parent company of Central Pacific Bank, will release its second quarter 2024 earnings on July 31, 2024, before the open of the New York Stock Exchange. Management will review the results by conference call and live audio webcast beginning at 1:00 p.m. Eastern Time (7:00 a.m. Hawaii Time) on July 31, 2024. Interested parties may listen to the conference by calling 1-800-715-9871 (conference ID: 9836028), or by listening to the webcast on the company's investor relations website at http://ir.cpb.bank. A replay of the call will be available through August 30, 2024 by dialing 1-800-770-2030 (conference ID: 9836028) and on the company's website. Ab
Highlights include: Net income of $12.9 million, or $0.48 per diluted share NIM of 2.83% compared to 2.84% in the previous quarter and 3.08% a year ago Total loans of $5.40 billion decreased by $37.6 million from the previous quarter Total deposits of $6.62 billion decreased by $228.7 million from the previous quarter, which included a decrease in government time deposits of $139.1 million Total risk-based capital and common equity tier 1 ratios of 14.8% and 11.6%, respectively Board of Directors approved quarterly cash dividend of $0.26 per share Central Pacific Financial Corp. (NYSE:CPF) (the "Company"), parent company of Central Pacific Bank (the "Bank" or "CPB"), to
Central Pacific Financial Corp. (NYSE:CPF), parent company of Central Pacific Bank, will release its first quarter 2024 earnings on April 24, 2024, before the open of the New York Stock Exchange. Management will review the results by conference call and live audio webcast beginning at 1:00 p.m. Eastern Time (7:00 a.m. Hawaii Time) on April 24, 2024. Interested parties may listen to the conference by calling 1-800-715-9871 (conference ID: 1551295), or by listening to the webcast on the company's investor relations website at http://ir.cpb.bank. A replay of the call will be available through May 24, 2024 by dialing 1-800-770-2030 (conference ID: 1551295) and on the company's website. Abou
After 20 years of faithful service, Christine Camp, president and CEO of the Avalon Group, has decided to step down from the boards of Central Pacific Financial (CPF) and Central Pacific Bank (CPB), effective immediately. Camp has a long tenure with the bank, having served on the boards since 2004. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240306672077/en/Christine Camp (Photo: Business Wire) "I have been fortunate to be a part of the CPB family for 20 years and, throughout that time, the one constant has been the bank's commitment to its customers, employees and the community. I'm confident that current management will lea
Highlights Included: Net income of $14.9 million, or $0.55 per diluted share for the fourth quarter. ROA of 0.79%, ROE of 12.55% and NIM of 2.84% for the fourth quarter. Net income of $58.7 million, or $2.17 per diluted share for the 2023 year. ROA of 0.78%, ROE of 12.38% and NIM of 2.94% for the 2023 year. Completed balance sheet repositioning including the sale of an office real estate property, branch lease termination and investment securities portfolio restructuring, resulting in a net $0.9 million pre-tax gain in the fourth quarter, and a total estimated annual positive impact to future pre-tax income of $2.0 million. Board of Directors approved quarterly cash divide
Central Pacific Financial Corp. (NYSE:CPF), parent company of Central Pacific Bank, will release its fourth quarter 2023 earnings on January 31, 2024, before the open of the New York Stock Exchange. Management will review the results by conference call and live audio webcast beginning at 1 p.m. Eastern Time (8 a.m. Hawaii Time) on January 31, 2024. Interested parties may listen to the conference by calling 1-888-510-2553 (conference ID: 9816541), or by listening to the webcast on the company's investor relations website at http://ir.cpb.bank. A replay of the call will be available through March 1, 2024 by dialing 1-800-770-2030 (conference ID: 9816541) and on the company's website. Abou
NEW YORK, Dec. 08, 2023 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE:SF), announces the upcoming index rebalancing for the fourth quarter of 2023. This quarter, there are constituent changes within four of our indexes: the KBW Nasdaq Financial Sector Dividend Yield Index (Index Ticker: KDX, ETF Ticker: KBWD), KBW Nasdaq Financial Technology Index (Index Ticker: KFTX, ETF Ticker: FTEK.LN), KBW Nasdaq Global Bank Index (Index Ticker: GBKX), and KBW Nasdaq Premium Yield Equity REIT Index (Index Ticker: KYX, ETF Ticker: KBWY). There are a num
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 September 30, 2023. Ratio of total available sources of l
Central Pacific Financial Corp. (NYSE:CPF), parent company of Central Pacific Bank, will release its third quarter 2023 earnings on October 25, 2023, before the open of the New York Stock Exchange. Management will review the results by conference call and live audio webcast beginning at 1:00 p.m. Eastern Time (7:00 a.m. Hawaii Time) on October 25, 2023. Interested parties may listen to the conference by calling 1-888-510-2553 (conference ID: 9816541), or by listening to the webcast on the company's investor relations website at http://ir.cpb.bank. A replay of the call will be available through November 24, 2023 by dialing 1-800-770-2030 (conference ID: 9816541) and on the company's websit
Central Pacific Financial (NYSE:CPF) reported quarterly earnings of $0.48 per share which beat the analyst consensus estimate of $0.45 by 6.67 percent. The company reported quarterly sales of $50.187 million which missed the analyst consensus estimate of $50.230 million by 0.09 percent. This is a 7.40 percent decrease over sales of $54.196 million the same period last year.
Piper Sandler analyst Andrew Liesch maintains Central Pacific Financial (NYSE:CPF) with a Overweight and raises the price target from $22 to $24.
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Central Pacific Financial (NYSE:CPF) reported quarterly earnings of $0.55 per share which beat the analyst consensus estimate of $0.48 by 14.58 percent. This is a 25.68 percent decrease over earnings of $0.74 per share from the same period last year. The company reported quarterly sales of $51.14 million which beat the analyst consensus estimate of $50.78 million by 0.71 percent. This is a 9.14 percent decrease over sales of $56.28 million the same period last year.
Central Pacific Financial (NYSE:CPF) is set to give its latest quarterly earnings report on Wednesday, 2024-01-31. Here's what investors need to know before the announcement. Analysts estimate that Central Pacific Financial will report an earnings per share (EPS) of $0.48. Central Pacific Financial bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Historical Earnings Performance Last quarter the company missed EPS by $0.03, which
By the close of today, December 22, 2023, Flushing Financial (NASDAQ:FFIC) will issue a dividend payout of $0.22 per share, resulting in an annualized dividend yield of 6.16%. This payout is exclusively for shareholders who held the stock before the ex-dividend date on December 07, 2023. Flushing Financial Recent Dividend Payouts table { width: 100%; border-collapse: collapse; font-family: Arial, sans-serif; font-size: 14px; } th, td { padding: 8px; text-align: left; } th { background-color: #293a5a; color: #fff; text-align: left; }
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Central Pacific Financial (NYSE:CPF) reported quarterly earnings of $0.49 per share which missed the analyst consensus estimate of $0.52 by 5.77 percent. This is a 19.67 percent decrease over earnings of $0.61 per share from the same period last year. The company reported quarterly sales of $51.93 million which beat the analyst consensus estimate of $51.82 million by 0.21 percent. This is a 6.21 percent decrease over sales of $55.37 million the same period last year.
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