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CPF

Central Pacific Financial Corp.

CPF

Central Pacific Financial Corp. • NYSE
$29.74 ▼ -0.87% (-0.26)
Market Cap $803.77 M
52w High $32.33
52w Low $23.16
Dividend Yield 1.35%
P/E 12.24
Volume 98.13K
Outstanding Shares 27.03M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $92.189M ▲ $45.769M ▲ $18.574M ▲ 20.148% ▼ $0.69 ▲ $25.646M ▼
Q2-2025 $89.944M ▲ $42.757M ▲ $18.271M ▲ 20.314% ▼ $0.68 ▲ $25.903M ▲
Q1-2025 $87.111M ▲ $40.917M ▼ $17.76M ▲ 20.388% ▲ $0.66 ▲ $24.484M ▲
Q4-2024 $80.037M ▼ $43.67M ▼ $11.345M ▼ 14.175% ▼ $0.42 ▼ $16.802M ▼
Q3-2024 $89.379M $45.487M $13.305M 14.886% $0.49 $18.957M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $861.542M ▲ $7.421B ▲ $6.833B ▲ $588.066M ▲
Q2-2025 $321.257M ▼ $7.37B ▼ $6.801B ▼ $568.874M ▲
Q1-2025 $839.207M ▼ $7.405B ▼ $6.848B ▼ $557.376M ▲
Q4-2024 $924.796M ▼ $7.472B ▲ $6.934B ▲ $538.385M ▼
Q3-2024 $1.05B $7.415B $6.872B $543.725M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $18.574M ▲ $22.235M ▼ $-52.381M ▼ $23.069M ▲ $-7.077M ▼ $21.362M ▼
Q2-2025 $18.271M ▲ $34.273M ▲ $66.724M ▲ $-60.923M ▲ $40.074M ▲ $32.274M ▲
Q1-2025 $17.76M ▲ $20.44M ▼ $-42.101M ▼ $-82.384M ▼ $-104.045M ▼ $19.551M ▼
Q4-2024 $11.345M ▼ $26.307M ▲ $-25.896M ▼ $53.961M ▲ $54.372M ▲ $24.794M ▲
Q3-2024 $13.305M $21.266M $12.891M $-6.479M $27.678M $15.619M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Income from Bankowned Life Insurance
Income from Bankowned Life Insurance
 $0 ▲$0 ▲$0 ▲$0 ▲
Income from Fiduciary Activities
Income from Fiduciary Activities
 $0 ▲$0 ▲$0 ▲$0 ▲
Mortgage Banking Income
Mortgage Banking Income
 $0 ▲$0 ▲$0 ▲$0 ▲
Other
Other
 $0 ▲$0 ▲$0 ▲$0 ▲
Other Service Charges and Fees
Other Service Charges and Fees
 $10.00M ▲$10.00M ▲$10.00M ▲$10.00M ▲
Service Charges on Deposit Accounts
Service Charges on Deposit Accounts
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown gradually over the past several years, but profits have come off their highs of a few years ago. Earnings were strongest around 2021–2022 and have since eased, likely reflecting higher funding costs, a more competitive deposit environment, and normalizing credit conditions. Overall profitability remains healthy for a regional bank, but the trend is one of moderating margins rather than rapid growth. The bank appears to be managing through the rate cycle reasonably well, but it is not immune to the pressures facing the broader regional banking sector.

Balance Sheet

Balance Sheet The balance sheet looks generally stable and conservatively structured. Total assets have held fairly steady, indicating a mature franchise rather than an aggressively expanding one. Capital levels have been edging up, suggesting a cautious approach to growth and a focus on maintaining a solid equity cushion. Debt remains modest relative to the size of the institution, implying that the bank relies primarily on deposits and core banking funding. Cash and liquid assets have moved around year to year, but there is no obvious sign of stress or overextension. Overall, it appears to be a steady, well-capitalized regional balance sheet with limited use of leverage beyond what is typical for a bank.

Cash Flow

Cash Flow Cash generation from the core business has been consistently positive, with operating cash flow holding in a fairly tight range over the last several years. Free cash flow has also been positive and gradually improved compared with the period around 2020, which points to disciplined spending and good control over operating costs. Investment in technology and physical infrastructure appears meaningful but measured, with capital spending kept at a modest and steady level. This pattern suggests the bank is able to fund its investments largely from internal cash flow without stretching its finances.

Competitive Edge

Competitive Edge Central Pacific Financial operates as a deeply local, community-focused bank in Hawaii, which gives it an edge in understanding local customers and small businesses. Its long history, role in SBA and pandemic-related lending, and targeted programs for local entrepreneurs help build loyalty that larger mainland banks may find hard to replicate. At the same time, its concentration in a single state and a tourism-heavy economy exposes it to local economic swings and natural-disaster risk. Competition from national and digital-only banks remains a structural challenge, but CPF’s community presence and tailored offerings give it a defensible niche within its home market.

Innovation and R&D

Innovation and R&D The bank has invested heavily in modernizing its technology, particularly through its RISE2020 program, which refreshed digital channels, ATMs, and branch experiences. It offers a strong mobile banking app, a digital-first checking product, and an online lending platform for small businesses that stands out in its local market. CPF is also rolling out AI tools internally to improve efficiency, with plans to introduce more customer-facing AI over time. Branches are being reimagined as community and co-working spaces, which supports its brand as a local partner rather than just a transaction point. These initiatives position the bank as a relatively innovative player among regional peers, though they require ongoing investment and careful execution to fully pay off.

Summary

Overall, Central Pacific Financial looks like a steady, community-centered regional bank with a strong Hawaiian identity and a growing digital toolkit. Financial performance shows solid but not explosive growth, with earnings that have cooled from prior peaks as industry-wide pressures have increased. The balance sheet and cash flows appear sound and conservatively managed, providing a stable base for operations. Its competitive strength lies in deep local relationships and tailored services, while key risks include geographic concentration, exposure to local economic conditions, and the need to keep pace with rapid changes in banking technology. The bank’s recent technology and innovation efforts suggest it is actively working to strengthen its position for the long term, but outcomes will depend on execution and how the local economy and interest-rate environment evolve.

NEWS

October 29, 2025 · 6:30 AM UTC

Central Pacific Financial Reports Third Quarter 2025 Earnings of $18.6 Million

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October 15, 2025 · 6:00 PM UTC

Central Pacific Financial Corp. Announces Conference Call to Discuss Third Quarter 2025 Financial Results

Read more