Central Pacific Financial Q3 net income $16.7M, EPS $0.61; CEO succession announced

CENTRAL PACIFIC FINANCIAL CORP

2022-Q3 EPS reported $1.94 revenue$22,751,000

Net income of $16.7M, diluted EPS $0.61; ROA 0.91%, ROE 14.49%.
Total loans $5.42B, up 2.3% (9.2% annualized) from prior quarter.
Net interest margin 3.17%, up 12 bps seq.; net interest income up 4.5%.
Board declares quarterly dividend $0.26/share, payable Dec 15, record Nov 30.
Arnold Martines to become CEO effective Jan 1, 2023, succeeding Paul Yonamine.

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