secwatch.observer — SEC 8-K summary
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Issuer:     CENTRAL PACIFIC FINANCIAL CORP (CPF)
CIK:        0000701347
Form:       8-K
Filed at:   2024-01-31T23:59:59+00:00
Accession:  0000701347-24-000002
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 Q4 EPS $0.55, declares $0.26 dividend, authorizes $20M buyback
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/701347/000070134724000002/0000701347-24-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/701347/000070134724000002/cpf-20240131.htm
  HTML page:      https://secwatch.observer/filing/0000701347-24-000002

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