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Central Pacific Financial Corp (CPF)
NYSE:CPF
RESEARCH TOOLSreports
Earnings Data
Report Date
Apr 23, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.63Last Year’s EPS
0.48Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 29, 2025
|% Change Since: 3.47%
|Next Earnings Date:Apr 23, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a generally positive outlook with strong net interest margin expansion, core deposit growth, and a resilient Hawaiian economy. However, challenges such as a significant investment securities loss, Maui's ongoing recovery issues, and a slight loan portfolio decline were highlighted.Company Guidance
During the Central Pacific Financial Corp fourth-quarter 2024 conference call, the company expressed optimism for 2025, highlighting significant metrics and strategic moves. The net income for the quarter was $11.3 million, or $0.42 per diluted share, affected by an investment portfolio repositioning resulting in a pretax loss of $9.9 million. Excluding this, adjusted net income was $19 million, or $0.70 per share. The net interest margin expanded to 3.17%, driven by reduced funding costs, with a year-over-year increase of 10 basis points. Total deposits grew by $61 million, with core deposits increasing by $74.2 million. The company maintained strong asset quality, with nonperforming assets at 15 basis points of total assets and a robust capital position, including a total risk-based capital ratio of 15.4%. Looking ahead, Central Pacific Financial Corp anticipates loan growth in commercial and real estate segments and a favorable economic outlook in Hawaii. The Board declared a quarterly cash dividend of $0.27 per share, reflecting confidence in the company's earnings and capital position.Net Interest Margin Expansion
Net interest margin increased by 10 basis points to 3.17% in Q4, driven by reduced funding costs.
Core Deposit Growth
Core deposits grew by $74.2 million in Q4, with demand deposits increasing by $50.9 million.
Hawaii Economic Resilience
Hawaii's unemployment rate remained low at 3%, outperforming the national rate. Real estate values were strong, with the median home price in Oahu increasing by 5.8% year-over-year.
Investment Repositioning for Future Gains
Completed investment portfolio repositioning projected to increase annualized net interest income by $2.7 million.
Dividend Increase
Quarterly cash dividend increased by $0.01 or 3.8% from the prior quarter.
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CPF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CPF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 29, 2025 | $28.57 | $28.00 | -2.00% |
| Oct 30, 2024 | $28.92 | $26.54 | -8.23% |
| Jul 31, 2024 | $25.54 | $25.64 | +0.39% |
| Apr 24, 2024 | $19.37 | $19.36 | -0.05% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Central Pacific Financial Corp (CPF) report earnings?
Central Pacific Financial Corp (CPF) is schdueled to report earning on Apr 23, 2025, TBA Not Confirmed.
What is Central Pacific Financial Corp (CPF) earnings time?
Central Pacific Financial Corp (CPF) earnings time is at Apr 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CPF EPS forecast?
CPF EPS forecast for the fiscal quarter 2025 (Q1) is 0.63.
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