Quarterly ResultAug 6, 2026, 03:26 PM
Central Pacific Financial Q2 Net Income $20.82M; EPS $0.80
AI Summary
Central Pacific Financial Corp. reported strong financial results for the second quarter of 2026, with net income increasing to $20.82 million and basic earnings per share rising to $0.80. The company also saw growth in its balance sheet, with total assets reaching $7.50 billion and total deposits increasing to $6.70 billion. Net interest income improved, and the provision for credit losses decreased, contributing to the positive performance. Additionally, the company increased its cash dividend per share and engaged in significant common stock repurchases.
Key Highlights
- Net income for Q2 2026 increased to $20.82 million from $18.27 million in Q2 2025.
- Basic EPS for Q2 2026 rose to $0.80 from $0.68 in Q2 2025.
- Total assets grew to $7.50 billion as of June 30, 2026, from $7.41 billion at December 31, 2025.
- Total deposits increased to $6.70 billion as of June 30, 2026, from $6.61 billion at December 31, 2025.
- Net interest income for Q2 2026 was $62.83 million, up from $59.80 million in Q2 2025.
- Provision for credit losses decreased to $4.38 million in Q2 2026 from $4.99 million in Q2 2025.
- Cash dividends paid were $0.29 per share in Q2 2026, up from $0.27 per share in Q2 2025.
- Common stock repurchases totaled $21.79 million for the six months ended June 30, 2026.
Price Impact
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