NYSE$CPF

Central Pacific Financial Corp · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Reported earnings of $12.9 million for the first quarter of 2024.

Central Pacific Financial reported a net income of $12.9 million, or $0.48 per diluted share, for the first quarter of 2024. The results reflect the company's focus on optimizing the balance sheet while maintaining strong liquidity, asset quality, and capital.

  • Net income was $12.9 million, or $0.48 per diluted share.
  • Net Interest Margin (NIM) was 2.83%, compared to 2.84% in the previous quarter and 3.08% a year ago.
  • Total loans decreased by $37.6 million from the previous quarter to $5.40 billion.
  • Total deposits decreased by $228.7 million from the previous quarter to $6.62 billion, including a decrease in government time deposits of $139.1 million.

Headline financials

Total Revenue

$11.2M

Previous: $65.2M-82.8%
EPS

$0.48

Previous: $0.60-20.0%
Capital Expenditures

-$3.25M

Previous: -$3.82M+14.9%
Free Cash Flow

$9.69M

Previous: $12.4M-21.6%
Net Income

$12.9M

Previous: $16.2M-20.0%
Operating Income

-$13.2M

Previous: $46.9M-128.1%
Gross Profit

$11.2M

Previous: $65.2M-82.8%
Cash & Equivalents

$313M

Previous: $199M+57.4%
Total Assets

$7.41B

Previous: $7.52B-1.5%
Stock-Based Comp

$148K

Previous: -$158K+193.7%

Revenue & EPS history

Central Pacific Financial · Revenue · Quarterly

$11.2M

Q1 2024-82.8%vs Q1 2023
Beat estimate in 5 of 15 quarters(33%)
ActualEstimate

Forward guidance

This document may contain forward-looking statements concerning projections of revenues, expenses, income or loss, earnings or loss per share, capital expenditures, payment or nonpayment of dividends, capital position, credit losses, net interest margin or other financial items.

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 2024

Historical avgQ1 2024

+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

Earnings price reactions
QuarterReport dateReaction (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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