secwatch.observer — SEC 8-K summary
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Issuer:     CENTRAL PACIFIC FINANCIAL CORP (CPF)
CIK:        0000701347
Form:       8-K
Filed at:   2023-04-26T23:59:59+00:00
Accession:  0000701347-23-000017
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/701347/000070134723000017/0000701347-23-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/701347/000070134723000017/cpf-20230426.htm
  HTML page:      https://secwatch.observer/filing/0000701347-23-000017

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