Quarterly ResultApr 29, 2026, 06:14 AM
CPF Q1 Net Income $20.7M, EPS $0.78; Declares $0.29 Dividend
AI Summary
Central Pacific Financial Corp. reported Q1 2026 net income of $20.7 million, or $0.78 per diluted share, reflecting strong balance sheet growth and disciplined expense management. The company's Board of Directors approved a second-quarter cash dividend of $0.29 per share and repurchased $10.5 million in common stock. Central Pacific Bank was also recognized as the U.S. SBA Lender of the Year in Hawaii for 2025.
Key Highlights
- Net income for Q1 2026 was $20.7 million, with diluted EPS of $0.78.
- Board approved a Q2 cash dividend of $0.29 per share.
- Repurchased 321,396 shares for $10.5 million; $44.5 million remains authorized.
- Total loans increased by $31.3 million to $5.32 billion from prior quarter.
- Total deposits increased by $89.6 million to $6.70 billion from prior quarter.
- Net interest margin was 3.53%, a 3 bps decrease from the prior quarter.
- Efficiency ratio was 59.87% in Q1 2026.
- Central Pacific Bank named Hawaii SBA Lender of the Year for 2025.