Quarterly ResultOct 28, 2026, 03:46 PM
Central Pacific Financial Corp. Q3 Net Income $64.3M; EPS $2.46
AI Summary
Central Pacific Financial Corp. reported its third-quarter financial results, showing a year-over-year increase in net income and diluted earnings per share for the nine-month period. Total assets and total deposits saw modest increases. Net interest income improved, while the provision for credit losses decreased. The company also declared cash dividends.
Key Highlights
- Net income for the nine months ended September 30, 2026, was $64.3 million, an increase from $54.6 million in the prior year period.
- Diluted earnings per share for the nine months ended September 30, 2026, were $2.46, up from $2.01 in the prior year period.
- Total assets increased to $7.45 billion as of September 30, 2026, from $7.41 billion as of December 31, 2025.
- Total deposits grew to $6.66 billion as of September 30, 2026, from $6.61 billion as of December 31, 2025.
- Net interest income for the nine months ended September 30, 2026, was $188.7 million, up from $178.8 million in the prior year period.
- Provision for credit losses decreased to $8.6 million for the nine months ended September 30, 2026, from $13.3 million in the prior year period.
- Cash dividends declared per common share were $0.30 for the three months ended September 30, 2026, and $0.88 for the nine months ended September 30, 2026.
Price Impact
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