secwatch.observer — SEC 8-K summary
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Issuer:     CENTRAL PACIFIC FINANCIAL CORP (CPF)
CIK:        0000701347
Form:       8-K
Filed at:   2024-07-31T23:59:59+00:00
Accession:  0000701347-24-000027
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CPF Q2 net income $15.8M ($0.58 EPS), up 22% QoQ; NIM expands 14bps to 2.97%
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- Net income $15.8M ($0.58 diluted EPS) vs $12.9M ($0.48) prior quarter and $14.5M ($0.53) year ago.
- Net interest margin 2.97%, up 14 bps from 2.83% prior quarter; net interest income $51.9M (+3.5% QoQ).
- Core deposits $5.91B (+$16.7M QoQ); total deposits $6.58B (-$36.4M QoQ, including government time deposit runoff of $41.6M).
- Net charge-offs $3.8M, down from $4.5M prior quarter; allowance for credit losses 1.16% of loans.
- Board declared $0.26/share quarterly dividend payable Sept 16; Arnold Martines appointed Chairman replacing A. Catherine Ngo.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/701347/000070134724000027/0000701347-24-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/701347/000070134724000027/cpf-20240731.htm
  HTML page:      https://secwatch.observer/filing/0000701347-24-000027

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