---
schema_version: "secwatch.filing_event.v1"
accession: "0000701347-23-000030"
form_type: "8-K"
ticker: "CPF"
cik: "0000701347"
company_name: "CENTRAL PACIFIC FINANCIAL CORP"
filed_at: "2023-07-26T23:59:59+00:00"
generated_at: "2026-06-13T02:31:41.776995+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# CPF Q2 net income $14.5M ($0.53 EPS) down 18% YoY; NIM slips 12bps to 2.96%

## Summary
- Net income $14.5M ($0.53 diluted) vs $16.2M ($0.60) in Q1 2023 and $17.6M ($0.64) in Q2 2022.
- Net interest margin contracted 12 bps sequentially to 2.96% as deposit costs outpaced loan yields.
- Total deposits rose $58.8M to $6.81B; core deposits up $10.1M. 65% of deposits are FDIC-insured or collateralized.
- Nonperforming assets increased to $11.1M (0.15% of assets) from $5.3M, driven by two Hawaii construction loans later paid off in July.
- Capital ratios improved; board declared $0.26 quarterly dividend, payable Sept 15, 2023.

## SEC filing metadata
- accession: 0000701347-23-000030
- form_type: 8-K
- ticker: CPF
- cik: 0000701347
- company_name: CENTRAL PACIFIC FINANCIAL CORP
- filed_at: 2023-07-26T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/701347/000070134723000030/0000701347-23-000030-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/701347/000070134723000030/cpf-20230726.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000701347-23-000030
- JSON: https://secwatch.observer/filing/0000701347-23-000030.json
- Plain text: https://secwatch.observer/filing/0000701347-23-000030.txt

## Key facts
- Earnings Releases
  CENTRAL PACIFIC FINANCIAL CORP reported the quarter ended June 30, 2023 results: net income $14.5 million, EPS $0.53 per diluted share.
  - Period: the quarter ended June 30, 2023
  - Net income: $14.5 million
  - EPS: $0.53 per diluted share
  - Result: reported results
  source text: On July 26, 2023, Central Pacific Financial Corp. (the "Company") issued a press release regarding its results of operations and financial condition for the quarter ended June 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/701347/000070134723000030/0000701347-23-000030-index.htm

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