Quarterly ResultApr 29, 2026, 04:32 PM
CPF Q1 Net Income +16.6% to $20.7M; Basic EPS $0.79
AI Summary
CENTRAL PACIFIC FINANCIAL CORP reported a strong first quarter for 2026, with net income increasing 16.6% to $20.7 million and basic earnings per share rising 19.7% to $0.79. The company saw a 6.3% increase in net interest income to $61.4 million, while the provision for credit losses significantly decreased by 43.6%. Total assets grew to $7.50 billion and total deposits reached $6.70 billion as of March 31, 2026, reflecting solid balance sheet growth. Additionally, the company paid cash dividends of $0.29 per share and repurchased $10.5 million in common stock.
Key Highlights
- Net income increased 16.6% to $20.7 million for Q1 2026.
- Basic earnings per share rose 19.7% to $0.79 for Q1 2026.
- Net interest income grew 6.3% to $61.4 million in Q1 2026.
- Provision for credit losses decreased 43.6% to $2.4 million.
- Total assets increased to $7.50 billion as of March 31, 2026.
- Total deposits increased to $6.70 billion as of March 31, 2026.
- Cash dividends paid were $0.29 per share in Q1 2026.
- Common stock repurchases totaled $10.5 million in Q1 2026.
Price Impact
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