---
schema_version: "secwatch.filing_event.v1"
accession: "0000701347-23-000017"
form_type: "8-K"
ticker: "CPF"
cik: "0000701347"
company_name: "CENTRAL PACIFIC FINANCIAL CORP"
filed_at: "2023-04-26T23:59:59+00:00"
generated_at: "2026-06-16T14:17:13.807847+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000701347-23-000017
- form_type: 8-K
- ticker: CPF
- cik: 0000701347
- company_name: CENTRAL PACIFIC FINANCIAL CORP
- filed_at: 2023-04-26T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/701347/000070134723000017/0000701347-23-000017-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/701347/000070134723000017/cpf-20230426.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000701347-23-000017
- JSON: https://secwatch.observer/filing/0000701347-23-000017.json
- Plain text: https://secwatch.observer/filing/0000701347-23-000017.txt

## Key facts
- Earnings Releases
  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
  source text: Net income of $16.2 million, or $0.60 per diluted share for the quarter.
  evidence_url: https://www.sec.gov/Archives/edgar/data/701347/000070134723000017/0000701347-23-000017-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.