secwatch.observer — SEC 8-K summary
======================================

Issuer:     CENTRAL PACIFIC FINANCIAL CORP (CPF)
CIK:        0000701347
Form:       8-K
Filed at:   2023-10-25T23:59:59+00:00
Accession:  0000701347-23-000039
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 Q3 net income $13.1M ($0.49 EPS); NIM 2.88%, down 29 bps YoY
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/701347/000070134723000039/0000701347-23-000039-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/701347/000070134723000039/cpf-20231025.htm
  HTML page:      https://secwatch.observer/filing/0000701347-23-000039

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer