Central Pacific Financial Q1 net income $16.2M ($0.60 EPS), down from $20.2M prior quarter; deposits stable

CENTRAL PACIFIC FINANCIAL CORP

2023-Q1 EPS reported $0.60 revenue$11,009,000

Net income $16.2M, diluted EPS $0.60 vs $0.74 prior quarter and $0.70 year-ago; net interest income $54.2M, down 3.7% QoQ.
Total deposits $6.75B, up $10.7M QoQ; 66% FDIC-insured or collateralized; core deposits $5.97B, down 1.7%.
Nonperforming assets $5.3M, 0.07% of assets; net charge-offs $2.3M (0.16% annualized); allowance 1.14% of loans.
Board declared $0.26 quarterly dividend, payable June 15, 2023; share repurchases suspended in March 2023.
Capital ratios: leverage 8.6%, CET1 10.6%, total risk-based 13.6%; total assets $7.52B, up 1.2% QoQ.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CENTRAL PACIFIC FINANCIAL CORP reported the quarter ended March 31, 2023 results: net income $16.2 million, EPS $0.60.

Period: the quarter ended March 31, 2023
Net income: $16.2 million
EPS: $0.60
Result: reported results

Exact text from the filing

Net income of $16.2 million, or $0.60 per diluted share for the quarter.

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CENTRAL PACIFIC FINANCIAL CORP filing history →

Source: SEC EDGAR

accession 0000701347-23-000017

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