secwatch.observer — SEC 8-K summary
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Issuer:     CENTRAL PACIFIC FINANCIAL CORP (CPF)
CIK:        0000701347
Form:       8-K
Filed at:   2025-01-29T23:59:59+00:00
Accession:  0000701347-25-000005
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CPF reports Q4 GAAP EPS $0.42, adj. $0.70; dividend +3.8% to $0.27; $30M buyback
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/701347/000070134725000005/0000701347-25-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/701347/000070134725000005/cpf-20250129.htm
  HTML page:      https://secwatch.observer/filing/0000701347-25-000005

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