NYSE : CPF
Central Pacific Financial Corp. — Financial statements
Financials · Banks - Regional · United States
Last price 37.98 USD (Oct 30, 2026, 4:00 PM EST) · Market cap 966.35M
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 263.47M | 263.91M | 258.19M | 243.31M | 200.28M | 193.78M |
| Interest Income on Investments | 51.82M | 50.26M | 47.91M | 39.34M | 32.38M | 24.98M |
| Total Interest Income | 315.29M | 314.16M | 306.10M | 282.66M | 232.66M | 218.76M |
| Interest Paid on Deposits | 60.01M | 66.14M | 85.29M | 62.88M | 11.11M | 3.62M |
| Interest Paid on Borrowings | 4.52M | 7.14M | 9.08M | 9.77M | 5.99M | 4.10M |
| Total Interest Expense | 64.54M | 73.28M | 94.37M | 72.66M | 17.09M | 7.71M |
| Net Interest Income | 250.75M | 240.88M | 211.73M | 210.00M | 215.56M | 211.05M |
| Trust Income | 6.15M | 6.20M | 5.76M | 4.89M | 4.57M | 5.08M |
| Mortgage Banking Activities | 3.08M | 3.48M | 3.39M | 2.59M | 3.81M | 7.73M |
| Gain (Loss) on Sale of Assets | -3.00K | -55.00K | 5.12M | -5.00K | -101.00K | |
| Gain (Loss) on Sale of Investments | -30.00K | -9.93M | -2.07M | 8.51M | 150.00K | |
| Gain (Loss) on Sale of Equity Investments | 63.00K | 106.00K | -21.00K | -22.00K | 186.00K | 364.00K |
| Other Non-Interest Income | 34.05M | 33.03M | 30.87M | 27.39M | 22.66M | 23.38M |
| Total Non-Interest Income | 52.75M | 51.81M | 38.67M | 46.65M | 47.91M | 42.96M |
| Revenues Before Loan Losses | 303.50M | 292.70M | 250.40M | 256.65M | 263.48M | 254.01M |
| Provision for Loan Losses | 11.02M | 15.71M | 9.83M | 15.70M | -1.27M | -14.59M |
| Revenue | 292.48M | 276.99M | 240.57M | 240.95M | 264.75M | 268.60M |
| Salaries and Employee Benefits | 94.10M | 90.68M | 83.34M | 79.01M | 83.86M | 85.54M |
| Occupancy Expenses | 17.69M | 17.68M | 18.00M | 18.18M | 16.96M | 16.13M |
| Selling, General & Administrative | 44.12M | 45.25M | 41.08M | 41.58M | 41.90M | 41.54M |
| Other Non-Interest Expense | 22.87M | 23.58M | 28.82M | 23.08M | 17.76M | 19.30M |
| Total Non-Interest Expense | 178.78M | 177.19M | 171.24M | 161.86M | 165.37M | 162.51M |
| EBT Excluding Unusual Items | 113.70M | 99.80M | 69.34M | 79.10M | 99.38M | 106.09M |
| Asset Writedown | -1.30M | |||||
| Other Unusual Items | -2.27M | |||||
| Pretax Income | 112.19M | 98.28M | 68.04M | 76.82M | 98.77M | 105.65M |
| Income Tax Expense | 24.99M | 20.80M | 14.63M | 18.15M | 24.84M | 25.76M |
| Net Income | 87.20M | 77.48M | 53.41M | 58.67M | 73.93M | 79.89M |
| Net Income to Common | 87.20M | 77.48M | 53.41M | 58.67M | 73.93M | 79.89M |
| Basic Shares Outstanding | 26.16M | 26.93M | 27.06M | 27.03M | 27.40M | 28.00M |
| Diluted Shares Outstanding | 26.29M | 27.05M | 27.16M | 27.08M | 27.57M | 28.26M |
| EPS (Basic) | 3.33 | 2.88 | 1.97 | 2.17 | 2.70 | 2.85 |
| EPS (Diluted) | 3.31 | 2.86 | 1.97 | 2.17 | 2.68 | 2.83 |
| Dividend Per Share | 1.16 | 1.09 | 1.04 | 1.04 | 1.04 | 0.96 |
| Effective Tax Rate | 22.27% | 21.16% | 21.50% | 23.63% | 25.15% | 24.38% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 116.69M | 378.65M | 380.94M | 522.44M | 112.04M | 328.91M |
| Investment Securities | 665.99M | 361.17M | 323.61M | 267.75M | 280.16M | 342.49M |
| Trading Asset Securities | 10.81M | 7.21M | 12.27M | 9.99M | 10.61M | 440.00K |
| Mortgage-Backed Securities | 974.19M | 1.01B | 1.06B | 1.05B | 1.10B | 1.32B |
| Total Investments | 1.65B | 1.38B | 1.40B | 1.33B | 1.39B | 1.66B |
| Gross Loans | 5.31B | 5.29B | 5.33B | 5.44B | 5.56B | 5.11B |
| Allowance for Loan Losses | -59.84M | -59.62M | -59.18M | -63.93M | -63.74M | -68.10M |
| Other Adjustments to Gross Loans | -846.00K | -6.42M | ||||
| Net Loans | 5.25B | 5.23B | 5.27B | 5.38B | 5.49B | 5.03B |
| Property, Plant & Equipment | 122.60M | 125.44M | 135.17M | 125.90M | 126.62M | 119.80M |
| Other Intangible Assets | 1.50M | |||||
| Loans Held for Sale | 777.00K | 1.08M | 5.66M | 1.78M | 1.10M | 3.53M |
| Accrued Interest Receivable | 25.18M | 23.56M | 23.38M | 21.51M | 20.34M | 16.71M |
| Long-Term Deferred Tax Assets | 31.90M | 23.60M | 17.80M | 29.50M | 48.50M | 25.80M |
| Other Real Estate Owned & Foreclosed | 973.00K | |||||
| Other Long-Term Assets | 222.45M | 222.43M | 229.28M | 227.24M | 229.35M | 221.01M |
| Total Assets | 7.45B | 7.41B | 7.47B | 7.64B | 7.43B | 7.42B |
| Interest Bearing Deposits | 4.21B | 4.17B | 4.15B | 4.07B | 4.12B | 3.99B |
| Institutional Deposits | 555.39M | 550.31M | 603.81M | 861.39M | 519.60M | 355.20M |
| Non-Interest Bearing Deposits | 1.90B | 1.89B | 1.89B | 1.91B | 2.09B | 2.29B |
| Total Deposits | 6.66B | 6.61B | 6.64B | 6.85B | 6.74B | 6.64B |
| Short-Term Borrowings | 3.90M | 3.05M | 3.84M | 3.58M | 9.61M | 471.00K |
| Current Portion of Leases | 1.01M | 3.95M | ||||
| Accrued Interest Payable | 5.40M | 7.07M | 10.05M | 18.95M | 4.74M | 1.12M |
| Long-Term Debt | 54.80M | 54.55M | 54.31M | 54.07M | ||
| Federal Home Loan Bank Debt, Long-Term | 25.00M | 25.00M | 50.00M | 50.00M | ||
| Long-Term Leases | 22.03M | 21.60M | 32.02M | 30.63M | 35.89M | 40.73M |
| Trust Preferred Securities | 51.55M | 51.55M | 51.55M | 51.55M | 51.55M | 51.55M |
| Other Long-Term Liabilities | 86.02M | 94.68M | 87.44M | 82.12M | 87.57M | 73.72M |
| Total Liabilities | 6.87B | 6.82B | 6.93B | 7.14B | 6.98B | 6.86B |
| Common Stock | 348.13M | 381.16M | 404.49M | 405.44M | 408.07M | 426.09M |
| Additional Paid-In Capital | 108.24M | 107.31M | 105.05M | 102.98M | 101.35M | 98.07M |
| Retained Earnings | 232.88M | 191.38M | 143.26M | 117.99M | 87.44M | 42.02M |
| Comprehensive Income & Other | -107.81M | -87.27M | -114.42M | -122.60M | -143.98M | -7.96M |
| Total Common Equity | 581.44M | 592.58M | 538.38M | 503.81M | 452.87M | 558.22M |
| Minority Interest | 48.00K | |||||
| Shareholders' Equity | 581.44M | 592.58M | 538.38M | 503.81M | 452.87M | 558.27M |
| Total Liabilities & Equity | 7.45B | 7.41B | 7.47B | 7.64B | 7.43B | 7.42B |
| Total Debt | 103.49M | 105.15M | 192.21M | 190.32M | 151.36M | 146.82M |
| Net Cash (Debt) | 266.74M | 280.71M | 201.00M | 342.11M | -28.71M | 182.53M |
| Net Cash Per Share | 10.15 | 10.38 | 7.40 | 12.63 | -1.04 | 6.46 |
| Filing Date Shares Outstanding | 25.44M | 26.29M | 27.07M | 27.05M | 26.97M | 27.68M |
| Total Common Shares Outstanding | 25.51M | 26.29M | 27.07M | 27.05M | 27.03M | 27.71M |
| Book Value Per Share | 22.79 | 22.54 | 19.89 | 18.63 | 16.76 | 20.14 |
| Tangible Book Value | 581.44M | 592.58M | 538.38M | 502.31M | 452.87M | 558.22M |
| Tangible Book Value Per Share | 22.79 | 22.54 | 19.89 | 18.57 | 16.76 | 20.14 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 87.20M | 77.48M | 53.41M | 58.67M | 73.93M | 79.89M |
| Depreciation & Amortization | 7.85M | 7.95M | 9.12M | 7.69M | 8.16M | 10.45M |
| Gain (Loss) on Sale of Assets | 2.00M | 56.00K | -5.06M | 295.00K | 101.00K | |
| Gain (Loss) on Sale of Investments | -1.72M | -1.25M | 11.70M | 5.12M | -4.11M | 9.03M |
| Provision for Credit Losses | 11.02M | 15.71M | 9.83M | 15.70M | -1.27M | -14.59M |
| Net Decrease (Increase) in Loans Originated / Sold - Operating | 1.78M | 6.21M | -2.63M | 48.00K | 4.20M | 19.53M |
| Change in Other Net Operating Assets | 24.01M | 8.18M | 4.29M | 15.68M | 11.71M | 2.35M |
| Other Operating Activities | -20.46M | -20.54M | 3.86M | 6.13M | 19.51M | 6.56M |
| Operating Cash Flow | 110.82M | 97.47M | 90.52M | 105.11M | 114.12M | 110.49M |
| Capital Expenditures | -6.18M | -5.16M | -15.09M | -12.65M | -18.44M | -22.16M |
| Sale of Property, Plant and Equipment | 6.22M | |||||
| Investment in Securities | -51.41M | 56.95M | -76.78M | 80.13M | 90.85M | -501.35M |
| Income (Loss) Equity Investments | 77.00K | 835.00K | 21.00K | 73.00K | 53.00K | 115.00K |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | 43.01M | 31.36M | 91.55M | 100.98M | -456.90M | -138.12M |
| Other Investing Activities | 2.35M | -15.96M | 973.00K | 4.98M | 9.00K | -671.00K |
| Investing Cash Flow | -12.23M | 67.19M | 654.00K | 179.66M | -384.48M | -662.30M |
| Short-Term Debt Issued | 5.00M | |||||
| Long-Term Debt Issued | 50.00M | |||||
| Total Debt Issued | 50.00M | 5.00M | ||||
| Short-Term Debt Repaid | -5.00M | -22.00M | ||||
| Long-Term Debt Repaid | -80.00M | |||||
| Total Debt Repaid | -55.00M | -80.00M | -5.00M | -22.00M | ||
| Net Debt Issued (Repaid) | -55.00M | -80.00M | 45.00M | 5.00M | -22.00M | |
| Issuance of Common Stock | 679.00K | 1.24M | ||||
| Repurchase of Common Stock | -49.95M | -23.34M | -945.00K | -2.63M | -20.74M | -18.67M |
| Common Dividends Paid | -30.29M | -29.36M | -28.14M | -28.12M | -28.50M | -26.96M |
| Net Increase (Decrease) in Deposit Accounts | 86.18M | -34.25M | -203.58M | 111.37M | 97.06M | 843.04M |
| Financing Cash Flow | -49.06M | -166.94M | -232.67M | 125.62M | 53.50M | 776.65M |
| Net Cash Flow | 49.52M | -2.29M | -141.50M | 410.39M | -216.86M | 224.84M |
| Free Cash Flow | 104.64M | 92.30M | 75.43M | 92.46M | 95.68M | 88.33M |
| Free Cash Flow Margin | 35.77% | 33.32% | 31.35% | 38.37% | 36.14% | 32.88% |
| Free Cash Flow Per Share | 3.98 | 3.41 | 2.78 | 3.41 | 3.47 | 3.13 |
| Cash Interest Paid | 61.78M | 70.30M | 103.26M | 58.45M | 13.48M | 8.32M |
| Cash Income Tax Paid | 23.90M | 21.35M | -9.21M | 7.31M | 5.58M | 22.67M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 966.35M | 835.95M | 786.22M | 532.21M | 552.18M | 787.84M |
| Last Close Price | 37.98 | 30.39 | 27.30 | 17.69 | 17.20 | 22.85 |
| PE Ratio | 11.47 | 10.79 | 14.72 | 9.07 | 7.47 | 9.86 |
| PS Ratio | 3.30 | 3.02 | 3.27 | 2.21 | 2.09 | 2.93 |
| PB Ratio | 1.67 | 1.41 | 1.46 | 1.06 | 1.22 | 1.41 |
| P/FCF Ratio | 9.24 | 9.06 | 10.42 | 5.76 | 5.77 | 8.92 |
| P/OCF Ratio | 8.72 | 8.58 | 8.69 | 5.06 | 4.84 | 7.13 |
| Debt / Equity Ratio | 0.18 | 0.18 | 0.36 | 0.38 | 0.33 | 0.26 |
| Debt / FCF Ratio | 0.99 | 1.14 | 2.55 | 2.06 | 1.58 | 1.66 |
| Net Debt / Equity Ratio | -0.46 | -0.47 | -0.37 | -0.68 | 0.06 | -0.33 |
| Net Debt / FCF Ratio | -2.55 | -3.04 | -2.67 | -3.70 | 0.30 | -2.07 |
| Return on Equity (ROE) | 14.91% | 13.70% | 10.25% | 12.26% | 14.62% | 14.46% |
| Return on Assets (ROA) | 1.17% | 1.04% | 0.71% | 0.78% | 1.00% | 1.14% |
| Earnings Yield | 8.72% | 9.27% | 6.79% | 11.02% | 13.39% | 10.14% |
| FCF Yield | 10.83% | 11.04% | 9.59% | 17.37% | 17.33% | 11.21% |
| Dividend Yield | 3.16% | 3.43% | 3.58% | 5.29% | 5.09% | 3.38% |
| Payout Ratio | 35.93% | 37.89% | 52.69% | 47.93% | 38.56% | 33.74% |
| Buyback Yield / Dilution | 3.14% | 0.41% | -0.28% | 1.77% | 2.44% | -0.27% |
| Total Shareholder Return | 6.30% | 3.84% | 3.30% | 7.05% | 7.53% | 3.10% |