What caused CPF's Q4 2024 earnings to fall short of forecasts?

Central Pacific Financial Corp (CPF) experienced a shortfall in its Q4 2024 earnings compared to forecasts due to a combination of factors: 1. **Revenue Shortfall**: CPF's revenue fell short of expectations by $11.23 million, with the actual revenue recorded at $58.4 million compared to the anticipated $66.2 million. This shortfall can be attributed to lower-than-expected net interest income, which was partly offset by strong deposit growth and margin expansion. 2. **Earnings Per Share (EPS) Miss**: The EPS of $0.42 for Q4 2024 missed the estimated EPS of $0.62, reflecting operational challenges that affected profitability despite strategic initiatives aimed at repositioning and cost management. In summary, CPF's Q4 2024 earnings fell short due to lower revenue and a lower EPS, primarily resulting from operational challenges and lower interest income.