NYSE$CPF

Central Pacific Financial Corp · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Net income decreased slightly, but EPS remained strong due to solid loan and deposit growth and core margin expansion.

Central Pacific Financial Corp. reported a net income of $14.2 million, or $0.50 per diluted share, for the fourth quarter of 2019. The results reflect continued execution on revenue growth while investing for the future.

  • Net income of $14.2 million, or fully diluted EPS of $0.50 for the fourth quarter.
  • Total loans increased by $81.7 million, or 1.9% sequentially.
  • Core deposits increased by $102.7 million, or 2.5% sequentially.
  • Cost of average total deposits of 0.41% in the fourth quarter declined by 8 basis points from the third quarter.

Headline financials

Total Revenue

$47.9M

Previous: $44.7M+7.3%
EPS (adj)

$0.50

Previous: $0.54-7.4%
Efficiency Ratio

62.8%

No prior period
Net Interest Margin

3.4%

No prior period
CET1 Capital Ratio

11.5%

No prior period
Tier 1 Risk-Based Capital Ratio

12.6%

No prior period
Total Risk-Based Capital Ratio

13.6%

No prior period
Leverage Ratio

9.5%

No prior period
Capital Expenditures

$3.76M

Previous: $689K+445.6%
Free Cash Flow

$15.9M

Previous: $24M-33.5%
Net Income

$14.2M

Previous: $15.8M-10.1%
Operating Income

$19.4M

No prior period
Gross Profit

$56.6M

Previous: $50M+13.2%
Cash & Equivalents

$78.4M

Previous: $102M-23.3%
Total Assets

$6.01B

Previous: $5.81B+3.5%
Stock-Based Comp

$1.01M

Previous: $937K+7.5%

Revenue & EPS history

Central Pacific Financial · Revenue · Quarterly

$47.9M

Q4 2019+7.3%vs Q4 2018
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Forward guidance

The Company is focused on continuing to transform the bank in 2020 and beyond.

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 Q4 2019

Historical avgQ4 2019

+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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