NYSE$CPF
Central Pacific Financial Corp · Q1 2020 earnings
Q1 2020 earnings · · Investor relations
Briefing
Net income decreased due to total credit loss expense under the CECL methodology, impacted by economic forecasts anticipating deterioration from the COVID-19 pandemic.
Central Pacific Financial Corp. reported a net income of $8.3 million, or $0.29 fully diluted EPS, for Q1 2020. The results were impacted by a credit loss expense of $11.1 million due to the adoption of the CECL methodology and the economic forecasts due to the COVID-19 pandemic.
- Net income of $8.3 million, or fully diluted EPS of $0.29 for the first quarter.
- Total loans increased by $62.5 million, or 1.4% sequentially, and $410.4 million, or 10.0% year-over-year.
- Core deposits increased by $45.4 million, or 1.1% sequentially, and $244.5 million, or 6.0% year-over-year.
- Cost of average total deposits of 0.36% in the first quarter declined by 5 basis points from the fourth quarter.
Headline financials
Revenue & EPS history
Central Pacific Financial · Revenue · Quarterly
$56.7M
Forward guidance
The Company expects an adverse impact to earnings in the near term due to the COVID-19 pandemic.
Tailwinds
- Company has the right leadership.
- Company has a solid balance sheet.
- Company has strong risk management.
Headwinds
- Company expects to see an adverse impact to earnings in the near term
- Challenges brought on by the COVID-19 pandemic
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2020
+0.6%
Avg return
Earnings day
-0.1%
Avg return
5 days after
+1.6%
Avg return
30 days after
53%
35 / 66 earnings
Positive
+15.9%
Q1 2010
Best reaction
-10.1%
Q3 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +1.1% | -3.1% | -0.7% | |
| Q4 2025 | +0.0% | +4.1% | +0.5% | |
| Q3 2025 | -6.3% | -4.2% | -1.8% | |
| Q2 2025 | -0.2% | -0.8% | +6.4% | |
| Q1 2025 | +1.0% | -1.2% | +1.4% | |
| Q4 2024 | +3.0% | +2.4% | +1.6% | |
| Q3 2024 | -7.6% | -7.8% | +9.5% | |
| Q2 2024 | -0.7% | -4.5% | +5.8% | |
| Q1 2024 | +4.0% | +1.4% | +3.5% | |
| Q4 2023 | -0.6% | -4.4% | -5.9% | |
| Q3 2023 | +1.9% | +1.9% | +12.7% | |
| Q2 2023 | -0.7% | +0.2% | -6.2% | |
| Q1 2023 | +4.4% | +3.8% | +1.6% | |
| Q4 2022 | +4.4% | +4.5% | +11.0% | |
| Q3 2022 | -10.1% | -12.1% | -5.6% | |
| Q2 2022 | +1.8% | +2.3% | -0.8% | |
| Q1 2022 | -2.4% | -7.0% | -16.1% | |
| Q4 2021 | -2.3% | -1.9% | -2.2% | |
| Q3 2021 | +1.9% | +4.1% | +0.5% | |
| Q2 2021 | +3.2% | +1.0% | +4.6% | |
| Q1 2021 | +2.9% | +5.3% | +4.1% | |
| Q4 2020 | +4.2% | +6.3% | +15.9% | |
| Q3 2020 | -3.8% | -2.5% | +22.5% | |
| Q2 2020 | +6.6% | +3.9% | +8.0% | |
| Q1 2020 | +4.4% | +6.7% | +1.8% | |
| Q4 2019 | +1.5% | +1.5% | -14.4% | |
| Q3 2019 | -2.2% | -1.3% | -1.2% | |
| Q2 2019 | -5.4% | -3.5% | -8.6% | |
| Q1 2019 | +0.6% | +1.3% | -2.2% | |
| Q4 2018 | +5.8% | +6.9% | +7.5% | |
| Q3 2018 | +8.2% | +8.9% | +12.4% | |
| Q2 2018 | -1.4% | -4.3% | -0.3% | |
| Q1 2018 | -4.0% | -6.3% | -3.7% | |
| Q4 2017 | -4.7% | -3.8% | -8.7% | |
| Q3 2017 | -2.6% | -5.0% | -6.5% | |
| Q2 2017 | -2.7% | -2.5% | -8.1% | |
| Q1 2017 | +1.5% | +1.4% | -2.3% | |
| Q4 2016 | +8.2% | +2.7% | +4.1% | |
| Q3 2016 | +1.2% | +1.6% | +21.4% | |
| Q2 2016 | +0.0% | -0.6% | +3.4% | |
| Q1 2016 | +5.3% | — | — | |
| Q4 2015 | +7.5% | — | — | |
| Q3 2015 | +0.0% | — | — | |
| Q2 2015 | -0.2% | — | — | |
| Q1 2015 | -3.1% | — | — | |
| Q4 2014 | +7.0% | — | — | |
| Q3 2014 | -2.9% | — | — | |
| Q2 2014 | -4.6% | — | — | |
| Q1 2014 | +2.9% | — | — | |
| Q4 2013 | -3.7% | — | — | |
| Q3 2013 | -0.6% | — | — | |
| Q2 2013 | -0.8% | — | — | |
| Q1 2013 | +5.6% | — | — | |
| Q4 2012 | +4.6% | — | — | |
| Q3 2012 | -2.8% | — | — | |
| Q2 2012 | +3.5% | — | — | |
| Q1 2011 | -2.2% | — | — | |
| Q1 2012 | +3.4% | — | — | |
| Q4 2010 | +0.0% | — | — | |
| Q4 2011 | +0.0% | — | — | |
| Q4 2009 | +0.0% | — | — | |
| Q3 2011 | +0.6% | — | — | |
| Q3 2010 | +0.6% | — | — | |
| Q2 2011 | -6.4% | — | — | |
| Q2 2010 | -6.4% | — | — | |
| Q1 2010 | +15.9% | — | — |
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