Central Pacific Financial Corp. (CPF)

Central Pacific Financial Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	255.14	243.32	200.28	193.78	186.13	182.66
Interest Income on Investments	47.11	39.34	32.38	24.98	26.29	33.73
Total Interest Income	302.25	282.66	232.66	218.76	212.42	216.38
Interest Paid on Deposits	86	62.89	11.11	3.62	10.42	23.94
Interest Paid on Borrowings	9.15	9.77	5.99	4.1	4.32	8.37
Total Interest Expense	95.15	72.66	17.09	7.72	14.74	32.31
Net Interest Income	207.1	210	215.56	211.05	197.68	184.07
Net Interest Income Growth (YoY)	-3.74%	-2.58%	2.14%	6.76%	7.39%	6.40%
Trust Income	5.6	4.9	4.57	5.08	4.83	4.4
Mortgage Banking Activities	3.09	2.59	3.81	7.73	13.68	6.69
Gain (Loss) on Sale of Assets	5.06	5.12	-0.01	-0.1	-0.55	0
Gain (Loss) on Sale of Investments	-1.94	-2.07	8.51	0.15	-0.2	2.59
Gain (Loss) on Sale of Equity Investments	-0.03	-0.02	0.19	0.36	0.42	0.26
Other Non-Interest Income	30.71	27.39	22.66	23.38	20.24	19.47
Total Non-Interest Income	51.2	46.65	47.91	42.96	44.65	41.8
Non-Interest Income Growth (YoY)	18.82%	-2.64%	11.53%	-3.78%	6.80%	7.75%
Revenues Before Loan Losses	258.3	256.65	263.48	254.01	242.33	225.88
Provision for Loan Losses	13.66	15.7	-1.27	-14.59	42.11	6.35
Revenue	244.64	240.95	264.75	268.6	200.22	219.53
Revenue Growth (YoY)	-0.80%	-8.99%	-1.43%	34.15%	-8.80%	3.10%
Salaries and Employee Benefits	80.8	79.01	83.86	85.54	79.86	76.49
Occupancy Expenses	18.44	18.19	16.96	16.13	15.16	14.3
Selling, General & Administrative	41.07	41.58	41.9	41.54	37.29	33.12
Other Non-Interest Expense	28.29	23.08	17.76	19.3	15.75	17.7
Total Non-Interest Expense	168.59	161.86	165.37	162.51	148.06	141.61
EBT Excluding Unusual Items	76.05	79.1	99.38	106.09	52.16	77.93
Legal Settlements	-	-	-	-	-0.75	-
Other Unusual Items	-2.27	-2.27	-	-	-0.75	-
Pretax Income	73.78	76.82	98.77	105.65	49.03	77.93
Income Tax Expense	16.84	18.15	24.84	25.76	11.76	19.61
Net Income	56.93	58.67	73.93	79.89	37.27	58.32
Net Income to Common	56.93	58.67	73.93	79.89	37.27	58.32
Net Income Growth	-11.02%	-20.64%	-7.47%	114.35%	-36.09%	-1.96%
Basic Shares Outstanding	27	27	27	28	28	28
Diluted Shares Outstanding	27	27	28	28	28	29
Shares Change (YoY)	-0.02%	-1.77%	-2.44%	0.27%	-1.73%	-3.15%
EPS (Basic)	2.10	2.17	2.70	2.85	1.33	2.05
EPS (Diluted)	2.10	2.17	2.68	2.83	1.32	2.03
EPS Growth	-11.10%	-19.03%	-5.30%	114.39%	-34.98%	1.00%
Dividend Per Share	1.040	1.040	1.040	0.960	0.920	0.900
Dividend Growth	0%	0%	8.33%	4.35%	2.22%	9.76%
Effective Tax Rate	22.83%	23.63%	25.15%	24.38%	23.98%	25.16%

Source: S&P Capital IQ. Banks template. Financial Sources.