NYSE$CPF

Central Pacific Financial Corp · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Reported an increase in earnings for the second quarter, reaching $18.7 million.

Central Pacific Financial Corp. reported a net income of $18.7 million for the second quarter of 2021, or $0.66 per diluted share. The company's ROA was 1.06% and ROE was 13.56% for the quarter. Core loans increased by $102.7 million, while total deposits increased by $188.2 million.

  • Net income of $18.7 million, or $0.66 per diluted share for the second quarter.
  • ROA of 1.06% and ROE of 13.56% for the second quarter.
  • Core loans increased by $102.7 million in the second quarter.
  • Total deposits of $6.40 billion increased by $188.2 million, or 3.0% from the first quarter of 2021.

Headline financials

Total Revenue

$62.6M

Previous: $60M+4.4%
EPS (adj)

$0.66

Previous: $0.35+88.6%
Efficiency Ratio

66.2%

Previous: 60.8%+9.0%
Net Interest Margin

3.2%

Previous: 3.3%-3.1%
Return on Avg Assets

1.1%

No prior period
CET1 Capital Ratio

11.6%

Previous: 11.4%+1.8%
Tier 1 Risk-Based Capital Ratio

12.7%

Previous: 12.5%+1.6%
Total Risk-Based Capital Ratio

14.9%

Previous: 13.6%+9.6%
Leverage Ratio

8.6%

Previous: 8.9%-3.4%
Capital Expenditures

-$14.8M

Previous: -$11.7M-26.4%
Free Cash Flow

$3.92M

Previous: -$1.78M+320.1%
Net Income

$18.7M

Previous: $9.92M+88.7%
Operating Income

$52.1M

Previous: $49.2M+5.8%
Gross Profit

$62.4M

Previous: $60M+4.1%
Cash & Equivalents

$340M

Previous: $143M+137.5%
Total Assets

$7.18B

Previous: $6.63B+8.2%
Stock-Based Comp

$461K

Previous: $723K-36.2%

Revenue & EPS history

Central Pacific Financial · Revenue · Quarterly

$62.6M

Q2 2021+4.4%vs Q2 2020
Beat estimate in 10 of 16 quarters(63%)
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, the 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 Q2 2021

Historical avgQ2 2021

+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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