CENTRAL PACIFIC FINANCIAL CORP Q2 FY26 Results

Summary

Central Pacific Financial Corp. reported net income of $20.8 million, or $0.80 per diluted share, for the second quarter of 2026. The net interest margin saw an increase of 4 basis points to 3.57% compared to the prior quarter, driven by higher average balances and yields on loans and investment securities. The company continued to return value to shareholders by repurchasing $11.3 million of common stock and increasing its quarterly cash dividend by 3.4% to $0.30 per share. Management highlighted a strong quarter of performance, supported by a robust capital position and recognition for its brand and community standing.

Key Highlights

1. 1

   Central Pacific Financial Corp. reported net income of $20.8 million, or $0.80 per diluted share, for the second quarter of 2026.

2. 2

   Net interest margin increased by 4 basis points to 3.57% from the prior quarter, and by 13 bps from the same quarter last year.

3. 3

   The company repurchased 321,858 shares of common stock at a total cost of $11.3 million during the second quarter of 2026.

4. 4

   The Board of Directors declared a third quarter cash dividend of $0.30 per share, an increase of 3.4% from the prior quarter.

5. 5

   Central Pacific Bank was recognized as the highest-ranked company in Hawaii on America's Best Companies 2026 list by TIME magazine and named Best Bank in Hawaii by Forbes Magazine for the third consecutive year.

6. 6

   Total assets were $7.50 billion as of June 30, 2026, generally consistent with the prior quarter and increased 1.8% from the same period last year.