Quarterly ResultJul 24, 2026, 06:17 AM
Central Pacific Q2 Net Income $20.8M; EPS $0.80; Dividend +3.4%
AI Summary
Central Pacific Financial Corp. reported strong second quarter 2026 results with net income of $20.8 million and diluted EPS of $0.80, showing increases from both the prior quarter and prior year. The company's net interest margin improved to 3.57%, and it continued to return value to shareholders through $11.3 million in share repurchases and a 3.4% increase in its quarterly cash dividend to $0.30 per share. The company also highlighted its recognition as the highest-ranked company in Hawaii on TIME magazine's America's Best Companies 2026 list and Forbes' Best Bank in Hawaii for the third consecutive year.
Key Highlights
- Net income for Q2 2026 was $20.8 million, or $0.80 per diluted share.
- Return on average assets was 1.12% and return on average equity was 13.94%.
- Net interest margin increased by 4 basis points to 3.57% from the prior quarter.
- Repurchased 321,858 shares of common stock for $11.3 million during the quarter.
- Board of Directors declared a Q3 cash dividend of $0.30 per share, a 3.4% increase.
- Total assets were $7.50 billion and total deposits were $6.70 billion as of June 30, 2026.
- Nonperforming assets totaled $16.5 million, or 0.22% of total assets.
- Central Pacific Bank was highest-ranked in Hawaii on America's Best Companies 2026 list by TIME.
Price Impact
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