secwatch.observer — SEC 8-K summary
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Issuer:     CENTRAL PACIFIC FINANCIAL CORP (CPF)
CIK:        0000701347
Form:       8-K
Filed at:   2024-04-24T23:59:59+00:00
Accession:  0000701347-24-000014
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/701347/000070134724000014/0000701347-24-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/701347/000070134724000014/cpf-20240424.htm
  HTML page:      https://secwatch.observer/filing/0000701347-24-000014

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