What is Central Pacific Financial's gross profit margin?

What is Central Pacific Financial's latest dividend and current dividend yield?

What is the market's earnings forecast for Central Pacific Financial next quarter?

What guidance did Central Pacific Financial's management provide for the next earnings period?

What were the key takeaways from Central Pacific Financial’s earnings call?

What were the key takeaways from Central Pacific Financial's earnings call?

What is the revenue and EPS growth rate for Central Pacific Financial year over year?

Did Central Pacific Financial beat or miss consensus estimates last quarter?

- **Strong Financial Performance**: Q3 net income $19.7M (adjusted), ROA 1.01%, NIM 3.49% with 5bps expansion.
- **Strategic Growth**: $77M Hawaii loan growth, $33M deposit expansion, new Kyoto Shinkin Bank partnership.
- **Margin Expansion**: New loan yields 6.9%, Q4 NIM guidance +5-10bps as rate cuts benefit deposits.
- **Capital Discipline**: $23M buyback authorization, dividend +3.7%, CET1 11.5% above target range.
- **Credit Resilience**: NPA ratio 19bps, SNC portfolio stable at $526M, large credits secured and performing.

**【CEO Opening Remarks】**
- Reported strong Q3 results with net income of $19.7 million (adjusted) and ROA of 1.01%, driven by disciplined growth and margin expansion.
- Highlighted strategic partnership with Kyoto Shinkin Bank to enhance cross-border business opportunities, particularly for SMEs.
- Emphasized operational efficiency through consolidation of operations center, expected to yield $1 million annual savings.
- Maintained focus on 4 priorities: customer-centric product development, team strength, balance sheet resilience, and prudent growth.

**【COO (David Morimoto) Loan & Deposit Update】**
- Hawaii loan growth offset by runoff in residential mortgage and HELOC portfolios; Mainland loan growth led by industrial and multifamily CRE.
- Total loans increased $77 million (Hawaii) and $33 million (Mainland), with pipeline supporting low single-digit 2025 growth.
- Deposit growth of $33 million to $6.6 billion, with focus on 2026 low single-digit expansion via Japan and Korea initiatives.

**【CFO (Dayna Matsumoto) Financial Highlights】**
- Net interest income up 2.5% to $61.3M, NIM expanded 5bps to 3.49% due to higher loan yields (6.9% new loan pricing).
- Q4 NII guidance $62-63M, with NIM +5-10bps as rate cuts benefit deposit costs.
- Operating expenses up $3.1M due to $1.5M one-time office consolidation costs and $2.1M incentive accruals.
- Capital deployment prioritizes loan growth, share buybacks ($23M remaining), and dividend ($0.28/Q4, +3.7%).

**【CRO (Ralph Mesick) Credit Performance】**
- Strong asset quality with NPA ratio 19bps, down 1bps Q/Q; provision expense $4.2M stable vs prior quarter.
- SNC portfolio at $526M, with Mainland CRE ($190M) and syndicated loans ($144M) showing stability.
- Special mention/classified loans flat at $34.3M and $62.1M, with large credits secured and performing.

**【Q&A Highlights】**
- **Hawaii Loan Growth**: Pipeline healthy but timing-dependent; expect 2026 balance between Hawaii/Mainland.
- **Expense Trends**: Incentive accruals ($1.5M/Q3) and tech investments driving efficiency ratio target of 55%.
- **Deposit Strategy**: Focus on Japan/Korea expansion; 2026 deposit growth guided at low single-digits.
- **Capital Management**: CET1 11.5% above target range; prioritize loan growth over buybacks but remain flexible.
- **Japan Partnership**: Kyoto Shinkin Bank to facilitate trade and investment between Hawaii/Kyoto regions.


Central Pacific Financial Corp. (CPF) Q3 2025 Earnings Call Transcript

- **Market Leadership**: 4th straight Forbes 'Best Bank in Hawaii' recognition; Hawaii economy resilient with tourism up 24.3% vs 2019, unemployment 2.8%.
- **Financial Strength**: Q2 net income $18.3M, NIM expands to 3.44% (vs 3.31% last quarter), efficiency ratio 60.36%.
- **Growth Momentum**: Loan pipeline booked $50M+ in early Q3; new loan yields 7.2% vs 4.96% portfolio average.
- **Credit Stability**: Net charge-offs 35bps (one-off $4.7M loss); NPA 20bps, well-collateralized performing loans.
- **Cost Management**: Deposit cost 1.02%; CD roll-off savings to drive margin expansion; $1M annual savings from operations center exit.

**【CEO Opening Remarks】**
- Received 'Best Bank in Hawaii' by Forbes for 4th consecutive year.
- Hawaii economy resilient: tourism up 2.8% YoY (visitor spending +24.3% vs 2019), unemployment 2.8% (vs national 4.1%).
- Real estate: single-family home prices +0.4% to $1.13M median; sales volumes dip 2.1% for single-family, 6% for condos.

**【CEO Market Update】**
- Construction activity strong ($14B in 2024), driven by infrastructure and housing projects.
- Domestic tourism growth outpaces slow Japanese visitor recovery.
- Housing supply improving with new developments.

**【CFO Financial Highlights】**
- Q2 net income: $18.3M ($0.67 EPS), ROA 1.00%, ROE 13.04%.
- NIM expands 13bps to 3.44% (loan yield +8bps, deposit cost -6bps to 1.02%).
- Other income: $13.0M (+$1.9M from BOLI gains); expenses: $43.9M (+$1.9M from deferred comp/computer costs).
- Share buybacks: 103K shares ($2.6M); $25.3M repurchase authorization remaining.

**【COO Growth Strategy】**
- 2025 loan/deposit growth target: low single digits.
- Q2 loan portfolio: $5.29B (growth in construction/consumer, decline elsewhere); pipeline strong with early Q3 closings.
- Deposit mix shift: +noninterest-bearing DDA; Japan/Korea initiatives gaining traction.
- Mainland SNC portfolio: $403M ($152M C&I).

**【Q&A Highlights】**
- **Loan Growth**: Q2 pipeline booked in Q3, driving 2025H2 revenue lift; new loan yield 7.2% vs 4.96% portfolio avg.
- **Deposit Cost**: CD roll-off ($430M Q3, $350M Q4) at 3.6% vs 3.4% new rate; beta 42% cycle-to-date.
- **Credit Quality**: Net charge-offs 35bps (one-off $4.7M C&I loss); NPA 20bps (residential mortgage/HELOC).
- **Expense Run Rate**: $43.5-44.5M/Q (excl. one-time items); investing in tech, facilities, talent.
- **Operations Center Exit**: $2-2.5M write-off Q4; $1M annual savings starting 2026.

Central Pacific Financial Corp. (CPF) Q2 2025 Earnings Call Transcript

- **Record Q1 Performance**: 3.31% NIM (up 14bps), $17.8M net income, and 61.2% efficiency ratio.
- **Loan Growth Resurgence**: $1.7B sequential increase, driven by Hawaii Commercial Mortgage and Mainland Construction.
- **Hawaii Market Strength**: Construction +20.3% YoY, visitor spending +6.3%, and unemployment at 2.9%.
- **Capital Flexibility**: $4.2M in buybacks YTD, with plans to continue amid market volatility.
- **Risk Management**: 15bps NPA ratio, 1.13% ACL, and stress-tested capital buffer of 15.6%.


**【CEO Opening Remarks】**
- Announced leadership changes: David Morimoto as COO and Dayna Matsumoto as CFO.
- Q1 2025 results: Solid NIM expansion (3.31%), strong capital liquidity, and asset quality.
- Hawaii market outlook: Construction growth (+20.3% YoY), tourism recovery (visitor spending +6.3%), and low unemployment (2.9%).

**【COO (David Morimoto) - Loan Growth Update】**
- Q1 loan portfolio increased by $1.7B sequentially, driven by Hawaii Commercial Mortgage (+$1.2B) and Mainland Construction Lending.
- 2025 loan growth guidance: Low to mid-single-digit expansion focused on C&I, commercial mortgage, and construction.
- Deposit trends: Total deposits down $48M QoQ, but average non-time deposits up $78M.

**【CFO (Dayna Matsumoto) - Financial Highlights】**
- Net income: $17.8M ($0.65/diluted share), ROA 0.96%, ROE 13.04%.
- NIM expansion: +14bps QoQ to 3.31%, driven by lower funding costs (1.08%) and higher investment yields.
- Expense management: Efficiency ratio 61.2%, lowest since Q4 2022.
- Share buybacks: $2.1M in Q1 and $2.1M YTD, with plans to continue repurchases.

**【CRO (Ralph Mesick) - Asset Quality】**
- Net charge-offs: $2.6M (20bps annualized), down 9bps QoQ.
- Non-performing assets: $11.1M (15bps of total assets), stable QoQ.
- Allowance for loan losses: $60.5M (1.13% of loans), up 2bps due to macroeconomic conservatism.

**【Q&A Key Takeaways】**
1. **Loan Growth Strategy**: Focus on C&I, commercial mortgage, and construction; cautious optimism amid macro uncertainty.
2. **Deposit Competition**: Rational pricing environment; expect gradual cost decline if Fed holds rates.
3. **Margin Outlook**: 4-7bps expansion in Q2, with potential further benefit from Fed cuts.
4. **Capital Allocation**: Dividends (40% payout ratio), organic growth, and share buybacks prioritized.


Central Pacific Financial (CPF)-23 Apr 25-2025 Q1 Earnings call transcript

- **Q4 2024 Financials**: Adjusted net income of $19M ($0.70/share), driven by NIM expansion to 3.17%. 
- **2025 Growth Outlook**: Loan pipeline up 25%, targeting C&amp;I/CRE net growth. 
- **Cost Efficiency**: Deposit cost down 11bps to 1.21%, OE ratio target 42.5-43.5%. 
- **Credit Resilience**: Net charge-offs at 29bps, strong capital cushion (15.4% risk-based). 
- **Shareholder Returns**: Dividend +3.8%, $30M buyback authorization.

**【CEO Opening Remarks】**
- Q4 2024 net income: $11.3M ($0.42/diluted share), impacted by $9.9M loss from investment portfolio repositioning. Adjusted net income: $19M ($0.70/diluted share). Full year 2024 net income: $53.4M ($1.97/diluted share). 
- Hawaii market outlook: Construction sector growth (+$13B annualized vs $11.8B prior year), tourism recovery (Nov 2024 visitor arrivals +5.3%), and resilient real estate market (Oahu median home price +5.8% YoY). 
- 2025 growth drivers: Loan pipeline expansion, deposit cost management, and strategic investment repositioning. 

**【CFO Financial Highlights】**
- Net interest income (NII): $55.8M (+$1.9M QoQ), net interest margin (NIM): 3.17% (+10bps QoQ). 
- Deposit growth: $61M total, $74.2M core deposits, $50.9M demand deposits. Total cost of deposits: 1.21% (-11bps QoQ). 
- Operating expenses: $44.2M (includes $1.4M intangible asset impairment). Adjusted other operating income: $12.5M. 
- Dividend increase: $0.27/share (+3.8%), new $30M share repurchase authorization. 

**【Credit & Risk Update】**
- Net charge-offs: $3.8M (29bps annualized), nonperforming assets: $11M (15bps of total assets). 
- Allowance for credit losses: $59.2M (1.11% of loans). Risk-based capital: 15.4%. 
- No loan exposure to Southern California wildfire-affected areas. 

**【Q&A Key Takeaways】**
- **Loan Growth**: C&amp;I and CRE segments driving 2025 net growth, pipeline up 25% QoQ. 
- **Deposit Strategy**: Core deposit growth (+$74.2M) offset by reduced government CE reliance. 
- **Expense Management**: Targeting 42.5-43.5% OE ratio, aiming for positive operating leverage. 
- **Credit Quality**: Consumer charge-offs trend lower, NPAs well-secured by residential real estate. 
- **Capital Allocation**: Dividend payout ratio ~40%, remaining capital for growth, M&amp;A, and share buybacks.

Central Pacific Financial (CPF)-29 Jan 25-2024 Q4 Earnings call transcript

Central Pacific Financial (CPF)-30 Oct 24-2024 Q3 Earnings call transcript

Central Pacific Financial (CPF)-31 Jul 24-2024 Q2 Earnings call transcript

Central Pacific Financial (CPF)-24 Apr 24-2024 Q1 Earnings call transcript

Central Pacific Financial (CPF)-31 Jan 24-2023 Q4 Earnings call transcript

Central Pacific Financial (CPF)-25 Oct 23-2023 Q3 Earnings call transcript

Central Pacific Financial (CPF)-26 Apr 23-2023 Q1 Earnings call transcript

Central Pacific Financial (CPF)-25 Jan 23-2022 Q4 Earnings call transcript

Central Pacific Financial (CPF)-21 Oct 22-2022 Q3 Earnings call transcript

Central Pacific Financial (CPF)-27 Jul 22-2022 Q2 Earnings call transcript

Central Pacific Financial (CPF)-20 Apr 22-2022 Q1 Earnings call transcript

Central Pacific Financial (CPF)-26 Jan 22-2021 Q4 Earnings call transcript

Central Pacific Financial (CPF)-28 Oct 21-2021 Q3 Earnings call transcript

Central Pacific Financial (CPF)-29 Jul 21-2021 Q2 Earnings call transcript

Central Pacific Financial (CPF)-29 Apr 21-2021 Q1 Earnings call transcript

Central Pacific Financial (CPF)-27 Jan 21-2020 Q4 Earnings call transcript

Central Pacific Financial (CPF)-28 Oct 20-2020 Q3 Earnings call transcript

Central Pacific Financial (CPF)-1 Aug 20-2020 Q2 Earnings call transcript

Central Pacific Financial (CPF)-22 Apr 20-2020 Q1 Earnings call transcript

Central Pacific Financial (CPF)-29 Jan 20-2019 Q4 Earnings call transcript

Central Pacific Financial (CPF)-23 Oct 19-2019 Q3 Earnings call transcript

Central Pacific Financial (CPF)-24 Jul 19-2019 Q2 Earnings call transcript

Central Pacific Financial (CPF)-24 Apr 19-2019 Q1 Earnings call transcript

Central Pacific Financial (CPF)-30 Jan 19-2018 Q4 Earnings call transcript

Central Pacific Financial (CPF)-24 Oct 18-2018 Q3 Earnings call transcript

Central Pacific Financial (CPF)-25 Jul 18-2018 Q2 Earnings call transcript

Central Pacific Financial (CPF)-25 Apr 18-2018 Q1 Earnings call transcript

Central Pacific Financial (CPF)-24 Jan 18-2017 Q4 Earnings call transcript

Central Pacific Financial (CPF)-25 Oct 17-2017 Q3 Earnings call transcript

CPF

CPF fundamentals

Earnings Call

You can ask Aime