Central Pacific reports Q1 EPS 78c, consensus 74c

Reports Q1 Net charge-offs $2.4M, compared to net charge-offs of $2.5M in the prior quarter, and net charge-offs of $2.6M in the same quarter last year. “We delivered strong net income in the first quarter, marked by balance sheet growth, healthy net interest margin, and disciplined expense management,” said Arnold Martines, Chairman, President and CEO. “We are proud to be named as Hawaii SBA lender of the year for the 17th time, reflecting our ongoing commitment to supporting small businesses in our community. I want to express my sincere appreciation to our employees and customers for their continued dedication and partnership.”