earnings
confidence high
sentiment neutral
materiality 0.70
Central Pacific Financial Q3 net income $13.1M ($0.49 EPS); NIM 2.88%, down 29 bps YoY
CENTRAL PACIFIC FINANCIAL CORP
2023-Q3 EPS reported
$1.62
revenue$31,491,000
- Net income of $13.1M ($0.49 diluted EPS) vs $14.5M ($0.53) in Q2 and $16.7M ($0.61) in Q3 2022.
- Net interest margin 2.88%, down 8 bps QoQ and 29 bps YoY; net interest income $51.9M (-1.5% QoQ).
- Total deposits grew $69M to $6.87B; core deposits up $8.6M; deposit cost 1.08% vs 0.84% prior quarter.
- Nonperforming assets to total assets improved to 0.09% from 0.15% QoQ; net charge-offs $3.9M (0.28% annualized).
- Board declared $0.26 per share quarterly dividend, payable Dec 15, 2023 to holders of record Nov 30, 2023.