earnings
confidence high
sentiment neutral
materiality 0.70
CPF reports Q4 GAAP EPS $0.42, adj. $0.70; dividend +3.8% to $0.27; $30M buyback
CENTRAL PACIFIC FINANCIAL CORP
2024-FY EPS reported
$1.97
revenue$38,723,000
- Q4 GAAP net income $11.3M ($0.42/diluted); full year $53.4M ($1.97). Adjusted net income $19.0M ($0.70) and $63.4M ($2.34).
- Completed investment portfolio repositioning; $9.9M pre-tax loss, expected to boost annual NII by $2.7M from 2025.
- Net interest margin expanded 10 bps to 3.17%; net interest income $55.8M (+3.6% linked quarter).
- Board declared $0.27 quarterly dividend (+3.8% vs $0.26) payable Mar 17, 2025; authorized $30M share repurchase program.
- Central Pacific Bank became a Federal Reserve System member effective Jan 24, 2025; single federal supervisor for company and bank.