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.
Central Pacific Financial Corporation (NYSE: CPF) is a Hawaii-based bank holding company whose primary subsidiary, Central Pacific Bank, operates 27 branches and 55 ATMs in the State of Hawaii. This news page aggregates press releases and market updates related to CPF, giving readers a single place to review the company’s latest announcements and financial communications.
Company news frequently includes quarterly and annual earnings releases, where Central Pacific Financial Corp. reports net income, earnings per share, net interest income, net interest margin, efficiency ratio, asset quality metrics, and regulatory capital ratios. These releases are often accompanied by notices of investor conference calls and webcasts, as well as references to earnings supplement slide presentations and related Form 8-K filings.
CPF news also covers corporate governance and leadership developments, such as appointments and resignations of directors, promotions of executives, and updates to the company’s bylaws and capital structure. For example, recent disclosures describe board changes, executive promotions, and amendments to bylaws that refine shareholder meeting procedures and director nomination requirements.
Strategic and regulatory milestones appear in the company’s news flow as well. Central Pacific Financial Corp. has reported on Central Pacific Bank becoming a member of the Federal Reserve System and on a strategic partnership with The Kyoto Shinkin Bank to expand relationship-building opportunities between Hawaii and Japan.
Investors and observers can use this CPF news page to follow the company’s financial performance, governance updates, regulatory developments, and strategic initiatives as reported in official press releases and related disclosures.
Central Pacific Financial Corp. (NYSE: CPF) has appointed Dr. Diane Paloma to its Board of Directors, effective January 28, 2025. Dr. Paloma, currently President and CEO of Hawaii Dental Service (HDS), brings extensive healthcare leadership experience to the board.
Prior to her current role at HDS, which she assumed in 2021, Dr. Paloma served as CEO of the King Lunalilo Trust and Home and held leadership positions at Queen's Health Systems Native Hawaiian Health Program, John A. Burns School of Medicine, and Hawaii Medical Service Association.
Dr. Paloma holds a BS in Physiological Science from UCLA, an MBA from the University of Hawaii at Manoa, and a PhD in Healthcare Administration from Capella University. She currently serves on several boards including the University of Hawaii Board of Regents and is an active member of the Hawaii Business Roundtable.
Central Pacific Financial Corp. (NYSE: CPF), the parent company of Central Pacific Bank, has announced it will release its fourth quarter 2024 earnings on January 29, 2025, before the New York Stock Exchange opens. The company will host a conference call and live audio webcast to discuss the results at 1:00 p.m. Eastern Time (8:00 a.m. Hawaii Time) on the same day.
Interested parties can participate by calling 1-800-715-9871 (conference ID: 6299769) or by accessing the webcast through the company's investor relations website. A replay will be available until February 28, 2025, via phone at 1-800-770-2030 (same conference ID) and on the company's website.
Central Pacific Financial Corp. (NYSE: CPF) reported Q3 2024 net income of $13.3 million, or $0.49 per diluted share. Excluding $3.1 million in pre-tax expenses related to a strategic opportunity, adjusted net income was $15.7 million ($0.58 per share). The quarter saw a net interest margin of 3.07%, up 10 basis points from previous quarter. Total loans decreased to $5.34 billion, while core deposits increased to $5.97 billion. The company maintained strong capital ratios with total risk-based capital at 15.3% and declared a quarterly dividend of $0.26 per share.
Central Pacific Financial Corp. (NYSE: CPF), the parent company of Central Pacific Bank, has announced its plans to release third quarter 2024 earnings on October 30, 2024, before the New York Stock Exchange opens. The company will host a conference call and live audio webcast at 1:00 p.m. Eastern Time (7:00 a.m. Hawaii Time) on the same day to review the results.
Interested parties can participate in the conference by calling 1-800-715-9871 (conference ID: 6299769) or by accessing the webcast through the company's investor relations website at http://ir.cpb.bank. A replay of the call will be available until November 29, 2024, by dialing 1-800-770-2030 (conference ID: 6299769) and on the company's website.
Central Pacific Bank (CPB) has appointed Ralph Mesick as Senior Executive Vice President and Chief Risk Officer. With nearly 40 years of financial services experience, Mesick joins CPB to help manage the changing regulatory environment and strengthen the bank's risk management infrastructure. Mesick, a former police officer and graduate of the University of Hawaii-Manoa and University of Wisconsin-Madison, will oversee key risk functions and be a member of the bank's Executive Committee. He brings extensive community involvement, having served on various boards and organizations in Hawaii. CPB Chairman Arnold Martines emphasized the importance of Mesick's role in preparing for increased regulatory oversight in the banking industry.
Central Pacific Bank (CPB), the primary subsidiary of Central Pacific (NYSE: CPF), has chosen ARGO Connects to enhance its retail banking operations. This suite of software will drive monetary transaction processing, customer acquisition, journey experience, fulfillment, and service across physical and digital channels. The implementation aims to provide a consistent customer experience across all banking platforms.
ARGO Connects is designed to enable a fully automated, Omni-channel, customer-centric delivery model. It will equip CPB with tools to process transactions, service accounts, and fulfill paperless processing. The software will also help the bank predict and recognize customers' financial needs, allowing for proactive engagement through relevant content across mobile, internet, contact center, and branch channels.
Central Pacific Financial Corp. (NYSE: CPF) reported net income of $15.8 million, or $0.58 per diluted share, for Q2 2024, a 22.2% increase from the previous quarter. Key highlights include:
- Net interest margin increased to 2.97%, up 14 bps from Q1
- Total loans decreased by $17.8 million to $5.38 billion
- Core deposits increased by $16.7 million to $5.91 billion
- Net charge-offs decreased by $0.8 million to $3.8 million
- Total risk-based capital ratio of 15.1% and common equity tier 1 ratio of 11.9%
- Quarterly cash dividend of $0.26 per share approved
The company maintained solid liquidity and grew capital levels, with $298.9 million in cash and $2.56 billion in total other liquidity sources.
Central Pacific Financial Corp. (NYSE: CPF), the parent company of Central Pacific Bank, has announced its plans to release second quarter 2024 earnings on July 31, 2024, before the New York Stock Exchange opens. The company will host a conference call and live audio webcast at 1:00 p.m. Eastern Time (7:00 a.m. Hawaii Time) on the same day to review the results. Interested parties can participate by calling 1-800-715-9871 (conference ID: 9836028) or by accessing the webcast on the company's investor relations website. A replay of the call will be available until August 30, 2024, via phone and the company's website.
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