NYSE$CPF

Central Pacific Financial Corp · Q4 2024 earnings

Q4 2024 earnings · · Investor relations

Briefing

Reported net income of $11.3 million, or $0.42 per diluted share, and adjusted net income (non-GAAP) of $19.0 million, or $0.70 per diluted share, for the fourth quarter of 2024. The results were impacted by a pre-tax loss related to an investment portfolio repositioning of $9.9 million.

Central Pacific Financial Corp. reported a solid year in 2024, with net income for the fourth quarter of 2024 at $11.3 million, or $0.42 per diluted share. Adjusted net income (non-GAAP) for the fourth quarter of 2024 was $19.0 million, or $0.70 per diluted share. The company completed an investment securities portfolio repositioning which is estimated to improve annual net interest income by $2.7 million beginning in 2025. The Board of Directors approved an increase in the quarterly cash dividend by 3.8% to $0.27 per share and authorized a new share repurchase program of up to $30.0 million for 2025.

  • Net income of $11.3 million, or $0.42 per diluted share for the fourth quarter of 2024.
  • Completed investment securities portfolio repositioning which is estimated to improve annual net interest income by $2.7 million beginning in 2025.
  • Adjusted net income (non-GAAP) of $19.0 million, or $0.70 per diluted share for the fourth quarter of 2024.
  • CPF Board of Directors approved an increase in the quarterly cash dividend by 3.8% to $0.27 per share and authorized a new share repurchase program of up to $30.0 million for 2025.

Headline financials

Total Revenue

$55.8M

Previous: $51.1M+9.1%
EPS (adj)

$0.70

Previous: $0.55+27.3%
Efficiency Ratio

75.7%

Previous: 64.1%+18.0%
Net Interest Margin

3.2%

No prior period
Return on Avg Assets

0.6%

No prior period
Return on Avg Equity

8.4%

No prior period
Dividend Payout Ratio

61.9%

No prior period
Net Charge-offs to Avg Loans

0.3%

No prior period
CET1 Capital Ratio

12.3%

Previous: 11.4%+7.9%
Tier 1 Risk-Based Capital Ratio

13.2%

Previous: 12.4%+6.5%
Total Risk-Based Capital Ratio

15.4%

Previous: 14.6%+5.5%
Leverage Ratio

9.3%

No prior period
Capital Expenditures

-$1.72M

Previous: $1.68M-202.2%
Net Income

$11.3M

Previous: $14.9M-23.7%
Operating Income

$13.4M

Previous: $19.1M-30.0%

Revenue & EPS history

Central Pacific Financial · Revenue · Quarterly

$55.8M

Q4 2024+9.1%vs Q4 2023
Beat estimate in 5 of 15 quarters(33%)
ActualEstimate

Forward guidance

In 2025, Central Pacific Bank will continue to execute upon its strategies and build upon the success it had in 2024.

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 2024

Historical avgQ4 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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro