---
schema_version: "secwatch.filing_event.v1"
accession: "0000701347-24-000014"
form_type: "8-K"
ticker: "CPF"
cik: "0000701347"
company_name: "CENTRAL PACIFIC FINANCIAL CORP"
filed_at: "2024-04-24T23:59:59+00:00"
generated_at: "2026-06-03T10:16:30.700026+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Central Pacific Financial Q1 earnings: $12.9M net income, EPS $0.48; deposits fall $228.7M

## Summary
- Net income $12.9M, diluted EPS $0.48 vs $0.55 prior quarter and $0.60 year ago.
- Net interest margin 2.83% vs 2.84% prior quarter and 3.08% year ago.
- Total loans $5.40B (-$37.6M QoQ); total deposits $6.62B (-$228.7M QoQ, incl. $139.1M government time deposit runoff).
- Board declared $0.26/share quarterly cash dividend payable June 17, 2024 to holders of record May 31, 2024.
- Nonperforming assets $10.1M (0.14% of assets) vs $7.0M prior quarter; net charge-offs $4.5M.

## SEC filing metadata
- accession: 0000701347-24-000014
- form_type: 8-K
- ticker: CPF
- cik: 0000701347
- company_name: CENTRAL PACIFIC FINANCIAL CORP
- filed_at: 2024-04-24T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/701347/000070134724000014/0000701347-24-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/701347/000070134724000014/cpf-20240424.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000701347-24-000014
- JSON: https://secwatch.observer/filing/0000701347-24-000014.json
- Plain text: https://secwatch.observer/filing/0000701347-24-000014.txt

## Key facts
- Earnings Releases
  CENTRAL PACIFIC FINANCIAL CORP reported for the quarter ended March 31, 2024 results: net income net income of $12.9 million, EPS fully diluted earnings per share ("EPS") of $0.48.
  - Period: for the quarter ended March 31, 2024
  - Net income: net income of $12.9 million
  - EPS: fully diluted earnings per share ("EPS") of $0.48
  - Result: reported results
  source text: Central Pacific Financial Corp. (NYSE: CPF) (the "Company"), parent company of Central Pacific Bank (the "Bank" or "CPB"), today reported net income of $12.9 million, or fully diluted earnings per share ("EPS") of $0.48 for the first quarter of 2024, compared to net income of $14.9 million, or EPS of $0.55 in the previous quarter and net income of $16.2 million, or EPS of $0.60 in the year-ago quarter.
  evidence_url: https://www.sec.gov/Archives/edgar/data/701347/000070134724000014/0000701347-24-000014-index.htm

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