Central Pacific Financial (CPF) Tops Q2 EPS by 10c

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Go back to Central Pacific Financial (CPF) Tops Q2 EPS by 10c

CENTRAL PACIFIC FINANCIAL REPORTS SECOND QUARTER EARNINGS OF $17.6 MILLION

July 27, 2022 6:30 AM EDT

Net income of $17.6 million, or $0.64 per diluted share for the quarter. ROA of 0.96% and ROE of 14.93% for the quarter. Total loans of $5.30 billion increased by $126.8 million, or 2.5% (10.0% annualized) in the second quarter.Total deposits of $6.62 billion increased by $23.0 million, or 0.3% (1.2% annualized) in the second quarter. Core deposits increased by $34.6 million, or 0.6% (2.4% annualized) in the second quarter.Net interest margin of 3.05% increased by 8 bp from the previous quarter.Central Pacific Bank named the Best Bank in Hawaii by Forbes.Board of Directors approved... More