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 |
|---|---|---|---|
| 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 |
Highlights include: Net income of $17.8 million, or $0.65 per diluted share Return on average assets of 0.96% and return on average equity of 13.04% Efficiency ratio improved to 61.16% Net interest margin of 3.31% increased by 14 bps from 3.17% in the previous quarter Total loans of $5.33 billion increased by $1.7 million from the previous quarter Total deposits of $6.60 billion decreased by $48.0 million from the previous quarter. Core deposits of $5.98 billion decreased by $64.6 million from the previous quarter. Total risk-based capital and common equity tier 1 ratios of 15.6% and 12.4%, respectively The CPF Board of Directors approved a quarterly cash dividend of $0.27 p
Central Pacific Financial Corp. (NYSE:CPF), parent company of Central Pacific Bank, will release its first quarter 2025 earnings on April 23, 2025, before the open of the New York Stock Exchange. Management will review the results by conference call and live audio webcast beginning at 2:00 p.m. Eastern Time (8:00 a.m. Hawaii Time) on April 23, 2025. Interested parties may listen to the conference by calling 1-800-715-9871 (conference ID: 6299769), 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 23, 2025 by dialing 1-800-770-2030 (conference ID: 6299769) and on the company's website. About
Arnold Martines, Chairman, President, and Chief Executive Officer, today announced the following executive appointments for Central Pacific Financial Corp. (CPF) and Central Pacific Bank (CPB) to be effective March 1, 2025: This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250227667564/en/David Morimoto (Photo: Business Wire) David Morimoto is being promoted to Vice Chair and Chief Operating Officer. Dayna Matsumoto is being promoted to Executive Vice President and Chief Financial Officer. "In addition to recognizing the valuable contributions of David and Dayna, their appointments are designed to align our executive team to
Highlights include: Net income of $11.3 million, or $0.42 per diluted share for the fourth quarter of 2024 and $53.4 million, or $1.97 per diluted share for the full year 2024 Completed investment securities portfolio repositioning which resulted in a pre-tax loss of $9.9 million in the fourth quarter of 2024, and is estimated to improve annual net interest income by $2.7 million beginning in 2025 Adjusted net income (non-GAAP) of $19.0 million, or $0.70 per diluted share for the fourth quarter of 2024 and $63.4 million and $2.34 per diluted share for the full year 2024, which excludes pre-tax items totaling $9.9 million and $13.0 million in the fourth quarter and full year 2024, r
Central Pacific Financial Corp. (NYSE:CPF), parent company of Central Pacific Bank (CPB), today announced the appointment of local business leader Diane Paloma, PhD to the Board of Directors of both CPF and CPB, effective January 28, 2025. The announcement was made by Arnold Martines, Chairman, President, and CEO of both Boards. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250128289746/en/Diane Paloma, PhD (Photo courtesy: Central Pacific Financial Corp.) Dr. Paloma is currently President and CEO of Hawaii Dental Service (HDS) which offers dental plans to individuals, families, small businesses, and large corporations. Dr. P
Central Pacific Financial Corp. (NYSE:CPF), parent company of Central Pacific Bank, will release its fourth quarter 2024 earnings on January 29, 2025, 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 (8:00 a.m. Hawaii Time) on January 29, 2025. Interested parties may listen to the conference by calling 1-800-715-9871 (conference ID: 6299769), 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 February 28, 2025 by dialing 1-800-770-2030 (conference ID: 6299769) and on the company's websi
Highlights include: Net income of $13.3 million, or $0.49 per diluted share. Excluding $3.1 million in pre-tax expenses related to a strategic opportunity, adjusted net income (non-GAAP) was $15.7 million, or $0.58 per diluted share. Net interest margin of 3.07% increased by 10 bps from 2.97% in the previous quarter Total loans of $5.34 billion decreased by $41.0 million from the previous quarter Core deposits of $5.97 billion increased by $53.9 million from the previous quarter. Total deposits of $6.58 billion increased by $0.6 million from the previous quarter, which included a decrease in government time deposits of $69.1 million. Total risk-based capital and common equity tier
Central Pacific Financial Corp. (NYSE:CPF), parent company of Central Pacific Bank, will release its third quarter 2024 earnings on October 30, 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 October 30, 2024. Interested parties may listen to the conference by calling 1-800-715-9871 (conference ID: 6299769), 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 29, 2024 by dialing 1-800-770-2030 (conference ID: 6299769) and on the company's website
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
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Central Pacific Financial Corp. (NYSE:CPF), parent company of Central Pacific Bank (CPB), today announced the appointment of local business leader Diane Paloma, PhD to the Board of Directors of both CPF and CPB, effective January 28, 2025. The announcement was made by Arnold Martines, Chairman, President, and CEO of both Boards. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250128289746/en/Diane Paloma, PhD (Photo courtesy: Central Pacific Financial Corp.) Dr. Paloma is currently President and CEO of Hawaii Dental Service (HDS) which offers dental plans to individuals, families, small businesses, and large corporations. Dr. P
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
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
Highlights include: Net income of $17.8 million, or $0.65 per diluted share Return on average assets of 0.96% and return on average equity of 13.04% Efficiency ratio improved to 61.16% Net interest margin of 3.31% increased by 14 bps from 3.17% in the previous quarter Total loans of $5.33 billion increased by $1.7 million from the previous quarter Total deposits of $6.60 billion decreased by $48.0 million from the previous quarter. Core deposits of $5.98 billion decreased by $64.6 million from the previous quarter. Total risk-based capital and common equity tier 1 ratios of 15.6% and 12.4%, respectively The CPF Board of Directors approved a quarterly cash dividend of $0.27 p
Central Pacific Financial Corp. (NYSE:CPF), parent company of Central Pacific Bank, will release its first quarter 2025 earnings on April 23, 2025, before the open of the New York Stock Exchange. Management will review the results by conference call and live audio webcast beginning at 2:00 p.m. Eastern Time (8:00 a.m. Hawaii Time) on April 23, 2025. Interested parties may listen to the conference by calling 1-800-715-9871 (conference ID: 6299769), 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 23, 2025 by dialing 1-800-770-2030 (conference ID: 6299769) and on the company's website. About
Arnold Martines, Chairman, President, and Chief Executive Officer, today announced the following executive appointments for Central Pacific Financial Corp. (CPF) and Central Pacific Bank (CPB) to be effective March 1, 2025: This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250227667564/en/David Morimoto (Photo: Business Wire) David Morimoto is being promoted to Vice Chair and Chief Operating Officer. Dayna Matsumoto is being promoted to Executive Vice President and Chief Financial Officer. "In addition to recognizing the valuable contributions of David and Dayna, their appointments are designed to align our executive team to
Highlights include: Net income of $11.3 million, or $0.42 per diluted share for the fourth quarter of 2024 and $53.4 million, or $1.97 per diluted share for the full year 2024 Completed investment securities portfolio repositioning which resulted in a pre-tax loss of $9.9 million in the fourth quarter of 2024, and is estimated to improve annual net interest income by $2.7 million beginning in 2025 Adjusted net income (non-GAAP) of $19.0 million, or $0.70 per diluted share for the fourth quarter of 2024 and $63.4 million and $2.34 per diluted share for the full year 2024, which excludes pre-tax items totaling $9.9 million and $13.0 million in the fourth quarter and full year 2024, r
Central Pacific Financial Corp. (NYSE:CPF), parent company of Central Pacific Bank, will release its fourth quarter 2024 earnings on January 29, 2025, 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 (8:00 a.m. Hawaii Time) on January 29, 2025. Interested parties may listen to the conference by calling 1-800-715-9871 (conference ID: 6299769), 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 February 28, 2025 by dialing 1-800-770-2030 (conference ID: 6299769) and on the company's websi
Highlights include: Net income of $13.3 million, or $0.49 per diluted share. Excluding $3.1 million in pre-tax expenses related to a strategic opportunity, adjusted net income (non-GAAP) was $15.7 million, or $0.58 per diluted share. Net interest margin of 3.07% increased by 10 bps from 2.97% in the previous quarter Total loans of $5.34 billion decreased by $41.0 million from the previous quarter Core deposits of $5.97 billion increased by $53.9 million from the previous quarter. Total deposits of $6.58 billion increased by $0.6 million from the previous quarter, which included a decrease in government time deposits of $69.1 million. Total risk-based capital and common equity tier
Central Pacific Financial Corp. (NYSE:CPF), parent company of Central Pacific Bank, will release its third quarter 2024 earnings on October 30, 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 October 30, 2024. Interested parties may listen to the conference by calling 1-800-715-9871 (conference ID: 6299769), 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 29, 2024 by dialing 1-800-770-2030 (conference ID: 6299769) and on the company's website
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