secwatch.observer — SEC 8-K summary
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Issuer:     CENTRAL PACIFIC FINANCIAL CORP (CPF)
CIK:        0000701347
Form:       8-K
Filed at:   2022-07-27T23:59:59+00:00
Accession:  0000701347-22-000038
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Central Pacific Financial Q2 net income $17.6M, EPS $0.64; loan growth 10% annualized
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- Net income $17.6M ($0.64 diluted EPS) vs $18.7M ($0.66) in Q2 2021; ROA 0.96%, ROE 14.93%.
- Total loans $5.30B, up $126.8M (10.0% annualized) QoQ; net interest margin expanded 8bp to 3.05%.
- Includes $8.5M gain on sale of Visa Class B stock, partially offset by $4.9M non-cash pension settlement charge.
- Nonperforming assets $5.0M (0.07% of assets); allowance for credit losses 1.23% of loans.
- Board declares $0.26 quarterly dividend (payable Sept 15, record Aug 31); repurchased 174,429 shares in Q2.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/701347/000070134722000038/0000701347-22-000038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/701347/000070134722000038/cpf-20220727.htm
  HTML page:      https://secwatch.observer/filing/0000701347-22-000038

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