NYSE$CPF

Central Pacific Financial Corp · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Reported third quarter 2024 earnings with a net income of $13.3 million, or $0.49 per diluted share.

Central Pacific Financial Corp. reported a net income of $13.3 million, or $0.49 per diluted share, for the third quarter of 2024. Excluding $3.1 million in pre-tax expenses related to a strategic opportunity, adjusted net income (non-GAAP) was $15.7 million, or $0.58 per diluted share. The net interest margin increased by 10 bps from the previous quarter, and core deposits increased by $53.9 million.

  • Net income of $13.3 million, or $0.49 per diluted share.
  • Adjusted net income (non-GAAP) was $15.7 million, or $0.58 per diluted share, excluding $3.1 million in pre-tax expenses.
  • Net interest margin of 3.07% increased by 10 bps from the previous quarter.
  • Core deposits of $5.97 billion increased by $53.9 million from the previous quarter.

Headline financials

Total Revenue

$12.7M

Previous: $62M-79.5%
EPS

$0.49

Previous: $0.49+0.0%
Efficiency Ratio

70.1%

Previous: 63.9%+9.7%
Net Interest Margin

3.1%

Previous: 2.9%+6.6%
CET1 Capital Ratio

12.1%

No prior period
Tier 1 Risk-Based Capital Ratio

13.1%

No prior period
Total Risk-Based Capital Ratio

15.3%

No prior period
Capital Expenditures

-$13.6M

Previous: -$11M-23.8%
Free Cash Flow

-$274K

Previous: $2.17M-112.6%
Net Income

$13.3M

Previous: $13.1M+1.2%
Operating Income

-$9.72M

Previous: $39.1M-124.9%
Gross Profit

$12.7M

Previous: $62M-79.5%
Cash & Equivalents

$327M

Previous: $439M-25.6%
Total Assets

$7.42B

Previous: $7.64B-2.9%
Stock-Based Comp

$633K

Previous: $553K+14.5%

Revenue & EPS history

Central Pacific Financial · Revenue · Quarterly

$12.7M

Q3 2024-79.5%vs Q3 2023
Beat estimate in 5 of 15 quarters(33%)
ActualEstimate

Forward guidance

The company remains interested in a strategic opportunity under the right terms and conditions and is pursuing strategies for future growth and additional internal operating efficiencies.

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 Q3 2024

Historical avgQ3 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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