Central Pacific Financial Announces 2024 Financial Results

Central Pacific Financial ( (CPF) ) just unveiled an announcement.

Central Pacific Financial Corp. reported its financial results for the fourth quarter and full year 2024, noting a net income of $11.3 million for the quarter and $53.4 million for the year. The company completed an investment portfolio repositioning, incurring a pre-tax loss of $9.9 million in the fourth quarter, but expects improved net interest income. The board approved a dividend increase and a share repurchase program for 2025. The bank also became a member of the Federal Reserve System, reflecting its strategic positioning and operational strength.

More about Central Pacific Financial

Central Pacific Financial Corp. is a financial company that serves as the parent company of Central Pacific Bank. It operates in the banking and financial services industry, providing a range of banking services and products. It focuses on serving communities and customers in the region, as evidenced by its recognition as a top regional bank.

YTD Price Performance: 4.46%

Average Trading Volume: 235,345

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $773.2M

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