Central Pacific Financial Corp. (CPF)

Central Pacific Financial Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	259.49	258.19	243.32	200.28	193.78	186.13
Interest Income on Investments	49.41	47.91	39.34	32.38	24.98	26.29
Total Interest Income	308.9	306.1	282.66	232.66	218.76	212.42
Interest Paid on Deposits	80.78	85.29	62.89	11.11	3.62	10.42
Interest Paid on Borrowings	8.88	9.08	9.77	5.99	4.1	4.32
Total Interest Expense	89.66	94.37	72.66	17.09	7.72	14.74
Net Interest Income	219.25	211.73	210	215.56	211.05	197.68
Net Interest Income Growth (YoY)	6.43%	0.83%	-2.58%	2.14%	6.76%	7.39%
Trust Income	5.95	5.76	4.9	4.57	5.08	4.83
Mortgage Banking Activities	3.37	3.39	2.59	3.81	7.73	13.68
Gain (Loss) on Sale of Assets	-0.06	-0.06	5.12	-0.01	-0.1	-0.55
Gain (Loss) on Sale of Investments	-9.93	-9.93	-2.07	8.51	0.15	-0.2
Gain (Loss) on Sale of Equity Investments	-0.02	-0.02	-0.02	0.19	0.36	0.42
Other Non-Interest Income	30.51	30.87	27.39	22.66	23.38	20.24
Total Non-Interest Income	38.52	38.67	46.65	47.91	42.96	44.65
Non-Interest Income Growth (YoY)	-17.84%	-17.11%	-2.64%	11.53%	-3.78%	6.80%
Revenues Before Loan Losses	257.77	250.4	256.65	263.48	254.01	242.33
Provision for Loan Losses	10.06	9.83	15.7	-1.27	-14.59	42.11
Revenue	247.7	240.58	240.95	264.75	268.6	200.22
Revenue Growth (YoY)	5.36%	-0.16%	-8.99%	-1.43%	34.15%	-8.80%
Salaries and Employee Benefits	84.43	83.34	79.01	83.86	85.54	79.86
Occupancy Expenses	17.79	18	18.19	16.96	16.13	15.16
Selling, General & Administrative	42.22	41.08	41.58	41.9	41.54	37.29
Other Non-Interest Expense	29.59	30.12	23.08	17.76	19.3	15.75
Total Non-Interest Expense	174.03	172.54	161.86	165.37	162.51	148.06
EBT Excluding Unusual Items	73.67	68.04	79.1	99.38	106.09	52.16
Legal Settlements	-	-	-	-	-	-0.75
Other Unusual Items	-	-	-2.27	-	-	-0.75
Pretax Income	73.67	68.04	76.82	98.77	105.65	49.03
Income Tax Expense	15.44	14.63	18.15	24.84	25.76	11.76
Net Income	58.23	53.41	58.67	73.93	79.89	37.27
Net Income to Common	58.23	53.41	58.67	73.93	79.89	37.27
Net Income Growth	5.05%	-8.96%	-20.64%	-7.47%	114.35%	-36.09%
Basic Shares Outstanding	27	27	27	27	28	28
Diluted Shares Outstanding	27	27	27	28	28	28
Shares Change (YoY)	0.41%	0.28%	-1.77%	-2.44%	0.27%	-1.73%
EPS (Basic)	2.15	1.97	2.17	2.70	2.85	1.33
EPS (Diluted)	2.14	1.97	2.17	2.68	2.83	1.32
EPS Growth	4.40%	-9.22%	-19.03%	-5.30%	114.39%	-34.98%
Dividend Per Share	1.050	1.040	1.040	1.040	0.960	0.920
Dividend Growth	0.96%	-	-	8.33%	4.35%	2.22%
Effective Tax Rate	20.96%	21.50%	23.63%	25.15%	24.38%	23.98%

Updated Apr 23, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q