Central Pacific Financial Q4 EPS $0.55, declares $0.26 dividend, authorizes $20M buyback

CENTRAL PACIFIC FINANCIAL CORP

2023-FY EPS reported $2.17 revenue$46,663,000

Net income $14.9M ($0.55 diluted EPS) vs $20.2M ($0.74) year-ago quarter; FY 2023 EPS $2.17.
Net interest margin 2.84%, down 33 bps YoY; net interest income $51.1M, down 9.1% YoY.
Completed balance sheet repositioning with net pre-tax gain $0.9M; estimated annual positive impact $2.0M.
Board declared $0.26 quarterly dividend payable March 15, 2024; new $20M share repurchase program authorized.
Nonperforming assets 0.09% of total assets; net charge-offs $5.5M (0.41% annualized) vs $1.7M year-ago.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.92

CENTRAL PACIFIC FINANCIAL CORP reported the 2023 year results: net income $58.7 million, EPS $2.17 per diluted share.

Period: the 2023 year
Net income: $58.7 million
EPS: $2.17 per diluted share
Result: reported results

Exact text from the filing

Central Pacific Financial Corp. (the "Company") issued a press release regarding its results of operations and financial condition for the quarter ended December 31, 2023.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.92

CENTRAL PACIFIC FINANCIAL CORP reported the quarter ended December 31, 2023 results: net income $14.9 million, EPS $0.55 per diluted share.

Period: the quarter ended December 31, 2023
Net income: $14.9 million
EPS: $0.55 per diluted share
Result: reported results

Exact text from the filing

Central Pacific Financial Corp. (the "Company") issued a press release regarding its results of operations and financial condition for the quarter ended December 31, 2023.

View on SEC.gov

8 earnings releases filed in the last 30 days. Browse all earnings releases →

CENTRAL PACIFIC FINANCIAL CORP filing history →

Source: SEC EDGAR

accession 0000701347-24-000002

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