CENTRAL PACIFIC FINANCIAL CORP Q1 FY26 Results

Summary

Central Pacific Financial Corp. reported strong first quarter 2026 net income of $20.7 million, or $0.78 per diluted share, marking a 16.3% increase year-over-year. Net interest income reached $61.4 million, up 6.3% from the prior year, contributing to a healthy net interest margin of 3.53%. The company demonstrated balance sheet growth with total loans increasing to $5.32 billion and total deposits rising to $6.70 billion from the prior quarter. Chairman, President and CEO Arnold Martines highlighted disciplined expense management and expressed pride in being named Hawaii SBA Lender of the Year for the 17th time, underscoring their commitment to small businesses.

Key Highlights

1. 1

   Central Pacific Financial Corp. reported net income of $20.7 million, or $0.78 per diluted share, for the first quarter of 2026, representing a 16.3% increase from $17.8 million in the same quarter last year.

2. 2

   Net interest income for Q1 2026 totaled $61.4 million, increasing by 6.3% year-over-year, despite a 1.2% sequential decrease from the prior quarter.

3. 3

   The company maintained a healthy net interest margin of 3.53% in Q1 2026, an increase of 22 basis points from the first quarter of last year.

4. 4

   Total loans grew by $31.3 million to $5.32 billion from the prior quarter, while total deposits increased by $89.6 million to $6.70 billion over the same period.

5. 5

   The efficiency ratio improved to 59.87% in the first quarter of 2026, down from 61.16% in the same quarter last year.

6. 6

   Central Pacific Financial repurchased 321,396 shares of common stock at a total cost of $10.5 million during the quarter, and its Board approved a second quarter cash dividend of $0.29 per share.

7. 7

   Central Pacific Bank was recognized as the U.S. Small Business Administration (SBA) Lender of the Year in Hawaii (Category II) for 2025 for the 17th time.