Central Pacific Financial (CPF) Tops Q1 EPS by 3c

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Go back to Central Pacific Financial (CPF) Tops Q1 EPS by 3c

Central Pacific Financial Reports First Quarter Earnings of $16.2 Million

April 26, 2023 6:30 AM EDT

Net income of $16.2 million, or $0.60 per diluted share for the quarter. ROA of 0.87% and ROE of 13.97% for the quarter. Total loans of $5.56 billion increased by $1.9 million in the first quarter. Total deposits of $6.75 billion increased by $10.7 million in the first quarter. 66% of total deposits are FDIC-insured or fully collateralized as of March 31, 2023. Asset quality remains strong as nonperforming assets totaled $5.3 million, or 0.07% of total assets. Solid liquidity position... More