Central Pacific Financial Reports Strong First Quarter Earnings

Central Pacific Financial ( (CPF) ) has released its Q1 earnings. Here is a breakdown of the information Central Pacific Financial presented to its investors.

Central Pacific Financial Corp., a Hawaii-based bank holding company, operates 27 branches and 55 ATMs in Hawaii, providing a range of financial services primarily through its subsidiary, Central Pacific Bank.

Central Pacific Financial reported a strong first quarter in 2025, with net income reaching $17.8 million, a significant increase from the previous quarter’s $11.3 million. The company’s earnings per share also rose to $0.65, reflecting a robust financial performance.

Key financial metrics for the quarter included an improved net interest margin of 3.31% and a return on average equity of 13.04%. Despite a slight decrease in total deposits to $6.60 billion, the company maintained strong capital ratios, with a total risk-based capital ratio of 15.6%. The board approved a quarterly cash dividend of $0.27 per share, indicating confidence in future performance.

The company showed resilience in asset quality, with non-performing assets remaining low at 0.15% of total assets. The provision for credit losses increased to $4.2 million, driven by macroeconomic forecasts, but net charge-offs decreased from the previous quarter.

Looking ahead, Central Pacific Financial’s management remains optimistic about navigating the current economic environment, supported by solid capital and liquidity positions. The company continues to focus on optimizing its balance sheet and meeting customer needs, positioning itself for sustained growth.