secwatch.observer — SEC 8-K summary
======================================

Issuer:     CENTRAL PACIFIC FINANCIAL CORP (CPF)
CIK:        0000701347
Form:       8-K
Filed at:   2022-04-20T23:59:59+00:00
Accession:  0000701347-22-000023
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Central Pacific Financial Q1 net income $19.4M, EPS $0.70; core loans grow 2.4% QoQ; dividend $0.26
--------------------------------------------------------------------------------

- Net income of $19.4M ($0.70 diluted EPS) vs $18.0M ($0.64) a year ago and $22.3M ($0.80) prior quarter.
- Core loans (non-PPP) grew $120.3M, or 2.4% (9.6% annualized), QoQ; PPP loans declined $47.1M.
- Net interest margin 2.97% vs 3.19% a year ago; net interest income $50.9M vs $49.8M YoY.
- Credit provision of $3.2M; nonperforming assets improved to 0.07% of total assets from 0.08%.
- Board declared $0.26/share quarterly dividend; company repurchased 234,981 shares at avg $28.65 in Q1.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/701347/000070134722000023/0000701347-22-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/701347/000070134722000023/cpf-20220420.htm
  HTML page:      https://secwatch.observer/filing/0000701347-22-000023

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer