Best Bank in Hawaii
Central Pacific Financial Corp. was named the Best Bank in Hawaii by Forbes Magazine in 2025 for the fourth consecutive year.
Net Interest Margin Expansion
Net interest margin expanded by 13 basis points to 3.44%, driven by an increase in loan portfolio yield and a decline in total deposit costs.
Visitor Spending and Tourism Recovery
Total visitor spending was up 6.5% year-over-year and up 24.3% from 2019 levels, despite a slow recovery of Japanese visitors.
Strong Credit Performance
Credit performance remained strong with net charge-offs at 35 basis points annualized, and nonperforming assets at 20 basis points of total assets.
Net Income and Efficiency Ratio Improvement
Net income was $18.3 million, with an improved efficiency ratio of 60.36% due to revenue expansion and expense management.