STOCK TITAN

Central Pacific - CPF STOCK NEWS

Welcome to our dedicated page for Central Pacific news (Ticker: CPF), a resource for investors and traders seeking the latest updates and insights on Central Pacific stock.

Overview of Central Pacific Financial Corp (CPF)

Central Pacific Financial Corp (NYSE: CPF) is a prominent financial services company headquartered in Hawaii. Operating through its primary subsidiary, Central Pacific Bank, the company provides a comprehensive range of banking and financial products tailored to meet the needs of individuals, small businesses, and corporations. With a strong regional presence, CPF plays a vital role in supporting Hawaii's economy by offering localized expertise and community-focused banking solutions.

Core Business Model and Revenue Streams

As a full-service commercial bank, CPF generates revenue through multiple channels. The company primarily earns income from interest on loans, including commercial loans, construction loans, residential and commercial mortgages, and consumer loans. Additionally, CPF derives revenue from fees associated with deposit accounts and other banking services, as well as interest on investment securities. This diversified revenue model ensures stability and adaptability in varying economic conditions.

Banking Products and Services

Central Pacific Bank offers a wide array of financial services designed to cater to its diverse customer base. These include:

  • Deposit Accounts: Time deposits, demand deposits, and savings accounts insured by the Federal Deposit Insurance Corporation (FDIC) up to applicable limits.
  • Lending Solutions: Commercial loans, construction financing, residential and commercial mortgages, and consumer loans tailored to individual and business needs.
  • Other Services: Investment advisory, cash management, and online banking solutions to enhance customer convenience.

Market Position and Competitive Landscape

CPF operates within the highly competitive financial services sector, where it faces challenges from both regional banks and national financial institutions. Its strategic focus on Hawaii gives it a unique advantage, as it leverages its deep understanding of the local market to deliver personalized services. The company's commitment to exceptional customer service, teamwork, and integrity further strengthens its brand and fosters customer loyalty.

Regulatory Compliance and Risk Management

As a federally insured institution, CPF adheres to stringent regulatory requirements to ensure the safety and soundness of its operations. The company is not a member of the Federal Reserve System but complies with applicable banking regulations to maintain transparency and trustworthiness. Effective risk management practices help CPF navigate challenges such as interest rate volatility and credit risk.

Community Engagement and Corporate Values

Central Pacific Financial Corp is deeply rooted in the Hawaiian community, emphasizing its role as a trusted financial partner. The company’s core values—teamwork, integrity, and exceptional service—guide its operations and interactions with customers, employees, and stakeholders. This community-centric approach not only reinforces CPF's market position but also underscores its commitment to creating long-term value for all stakeholders.

Conclusion

Central Pacific Financial Corp exemplifies the role of a regional bank that combines localized expertise with a comprehensive suite of financial products and services. Its commitment to community engagement, regulatory compliance, and customer-centric solutions positions CPF as a key player in Hawaii's financial landscape. By maintaining a diversified revenue model and focusing on its core values, CPF continues to support its customers and contribute to the economic vitality of the region.

Rhea-AI Summary
Central Pacific Financial Corp. (NYSE: CPF) reported first-quarter 2024 earnings of $12.9 million, or $0.48 per diluted share. Highlights include NIM of 2.83%, total loans of $5.40 billion, total deposits of $6.62 billion, and a quarterly cash dividend of $0.26 per share. The Company's focus on balance sheet optimization resulted in a 1.9% decrease in net interest income, a provision for credit losses of $3.9 million, and a decrease in total assets to $7.41 billion. Asset quality remained stable with nonperforming assets at 0.14% of total assets. Shareholders' equity increased to $507.2 million, with capital ratios showing improvement.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.05%
Tags
-
Rhea-AI Summary
Central Pacific Financial Corp. (CPF) will release its Q1 2024 earnings on April 24, 2024. The conference call and webcast will start at 1:00 p.m. ET. Interested parties can listen via phone or web. Replay available until May 24, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.95%
Tags
-
Rhea-AI Summary
Christine Camp, President and CEO of Avalon Group, steps down from Central Pacific Financial and Central Pacific Bank after 20 years of service. Camp's long tenure and contributions are praised by CPB President Arnold Martines.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.47%
Tags
none
Rhea-AI Summary
Central Pacific Financial Corp. (CPF) reported a net income of $14.9 million for the fourth quarter of 2023, with an EPS of $0.55, and a net income of $58.7 million for the year. The company approved a quarterly cash dividend of $0.26 per share and authorized a new share repurchase program of up to $20.0 million for 2024. Net interest income decreased by 1.5% from the previous quarter, and the net interest margin decreased by 4 basis points. The Company completed a $30.0 million investment portfolio restructuring designed to increase prospective earnings and net interest margin. The provision for credit losses was $4.7 million in the fourth quarter of 2023. Total assets remained relatively flat at $7.64 billion at December 31, 2023. Nonperforming assets totaled $7.0 million, or 0.09% of total assets at December 31, 2023. Total shareholders' equity was $503.8 million at December 31, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.77%
Tags
-
Rhea-AI Summary
Central Pacific Financial Corp. (CPF) will release its Q4 2023 earnings on January 31, 2024, followed by a conference call and live webcast. Interested parties can listen to the conference call or webcast through the provided details.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.05%
Tags
-
Rhea-AI Summary
Central Pacific Financial Corp. (CPF) appoints Robert Nobriga as a member of its board of directors for both CPF and Central Pacific Bank (CPB), effective January 1, 2024. Nobriga, with nearly 30 years of experience in local financial services, aims to bring a valuable perspective to CPB. He is currently the President and CEO of Tradewind Group, Inc., and holds a bachelor's degree in accountancy from the University of Notre Dame. Nobriga is also active in the local community, serving as a Trustee of Kamehameha Schools and a director of Haleakala Ranch.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.49%
Tags
management
Rhea-AI Summary
Central Pacific Financial Corp. reports net income of $13.1 million for Q3 2023, compared to $14.5 million in the previous quarter. Total loans decreased by $12.0 million. Total deposits increased by $69.0 million. Cash on balance sheet is $438.7 million. Quarterly cash dividend of $0.26 per share approved.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.29%
Tags
-
Rhea-AI Summary
Central Pacific Financial Corp. to release Q3 2023 earnings
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.14%
Tags
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.26%
Tags
Rhea-AI Summary
Central Pacific Financial Corp. (NYSE: CPF) will release its Q2 2023 earnings on July 26, 2023. Interested parties can listen to the conference call and webcast for more information.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.48%
Tags

FAQ

What is the current stock price of Central Pacific (CPF)?

The current stock price of Central Pacific (CPF) is $26.99 as of April 1, 2025.

What is the market cap of Central Pacific (CPF)?

The market cap of Central Pacific (CPF) is approximately 730.9M.

What is Central Pacific Financial Corp's primary business?

Central Pacific Financial Corp operates as a full-service commercial bank, offering loans, deposit accounts, and other financial services primarily in Hawaii.

How does CPF generate revenue?

CPF earns revenue through interest on loans, fees from deposit accounts, and interest on investment securities, ensuring a diversified income stream.

What types of loans does Central Pacific Bank offer?

The bank provides commercial loans, construction financing, residential and commercial mortgages, and consumer loans tailored to customer needs.

What makes CPF unique compared to other banks?

CPF's localized expertise and community-focused approach in Hawaii differentiate it from national and regional competitors, offering personalized banking solutions.

Are CPF's deposits insured?

Yes, deposit accounts at Central Pacific Bank are insured by the Federal Deposit Insurance Corporation (FDIC) up to applicable limits.

What are CPF's core values?

CPF emphasizes teamwork, integrity, and exceptional service, which guide its operations and interactions with customers and stakeholders.

Does CPF operate outside of Hawaii?

CPF primarily serves the Hawaiian market, leveraging its regional expertise to deliver tailored financial solutions.

What challenges does CPF face in the financial industry?

CPF faces challenges such as regulatory compliance, interest rate fluctuations, and competition from other regional and national banks.

What is CPF's approach to community engagement?

CPF is deeply committed to supporting the Hawaiian community, aligning its operations with the needs of local customers and businesses.

Is CPF a member of the Federal Reserve System?

No, CPF is not a member of the Federal Reserve System but complies with applicable banking regulations to ensure transparency and trust.
Central Pacific

NYSE:CPF

CPF Rankings

CPF Stock Data

730.88M
26.26M
3.03%
95.91%
1.89%
Banks - Regional
State Commercial Banks
Link
United States
HONOLULU