Central Pacific Financial Corp. (CPF)

Central Pacific Financial Corp. reported fourth-quarter 2024 earnings with a net income of $11.3 million, or $0.42 per diluted share, including a pre-tax loss from investment securities repositioning. The Board approved a 3.8% increase in the quarterly cash dividend to $0.27 per share and authorized a new share repurchase program of up to $30.0 million for 2025. For the first quarter of 2025, CPF reported net income of $17.8 million, or $0.65 per diluted share. The second quarter of 2025 saw net income of $18.3 million, or $0.67 per diluted share. For the third quarter of 2025, the company reported net income of $18.6 million, or $0.69 per diluted share. The stock price has shown positive movement, gaining 0.67% over the last four weeks and rising by 13.37% over the last 12 months as of April 9th, 2025.

The banking industry experiences seasonal fluctuations in demand, particularly for loans. Demand tends to be lower in January and February, increases starting in March, and often peaks in August or September, before decreasing again towards December. These patterns are influenced by changes in interest rates, and Central Pacific Financial Corp. likely experiences similar seasonal trends.

Central Pacific Financial Corp. operates in the financial services sector, focusing on commercial banking. Its mission is to promote financial well-being through integrity, service, and financial management. The company offers banking products and services to individuals, small and medium-sized businesses, and corporations, including deposit accounts, loans, wealth management, and treasury services. Central Pacific Bank is a market leader in residential mortgage and SBA loan originations in Hawaii.

Central Pacific Financial Corp. has a significant market presence across the Hawaiian Islands. Central Pacific Bank operates 27 branches and 55 ATMs throughout Hawaii as of September 30, 2025. The company is expanding its presence with initiatives like a new branch opening in Kahului, Maui.

Central Pacific Financial Corp. has a strong brand reputation as a leading community bank in Hawaii. Founded in 1954, the bank has a history of serving immigrant families and promoting financial well-being. It is known for its customer relationships and support for homeownership and small businesses. The company engages in philanthropic efforts and community giving. Central Pacific Bank launched "Shaka Checking" and was the first Hawaii bank to offer a live chat feature. There have been no publicly reported events negatively affecting Central Pacific Financial Corp.'s reputation in the past year.

Institutional investors predominantly own Central Pacific Financial Corp., holding 95.91% of the company's shares as of July 11, 2025. Major institutional shareholders include BlackRock, Inc., The Vanguard Group, Inc., and State Street Global Advisors, Inc. Insider ownership accounts for approximately 3.03%, with individuals like John C. Dean and Arnold Martines holding significant stakes.