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

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

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

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

What does Central Pacific Financial do and what are its main business segments?

What factors drove the changes in Central Pacific Financial's revenue and profit?

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

What is Central Pacific Financial's gross profit margin?

- **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.


CPF

CPF fundamentals

You can ask Aime