Cpb Stock Earnings Reports

Central Pacific Financial Corp. reported a strong start to 2026 with Q1 net income of $20.7 million and diluted EPS of $0.78 (up 20% year-over-year). Return on average equity was robust at 13.9% and ROA was 1.12%. Net interest income was $61.4 million and NIM was 3.53%; management guides Q2 NIM to 3.50%–3.55% and expects full-year net interest income to rise 4%–6%. Loans grew modestly to $5.3 billion (driven late in the quarter by commercial real estate activity in both Hawaii and select Mainland markets) and total deposits increased $90 million to $6.7 billion with core deposits >90% of total. Credit quality remained strong with nonperforming assets of $14.5 million (0.19% of assets), net charge-offs near cycle lows, and a $2.4 million provision this quarter. Capital is ample (total risk-based capital ratio 14.7%); the company paid a $0.29 quarterly dividend, repurchased ~$321k shares ($10.5 million) in the quarter, and has ~$44.5 million remaining in its buyback authorization. Management continues to prioritize disciplined loan growth, deposit acquisition/deepening, measured investment in the franchise, and returning excess capital via dividends and repurchases. Key risks/near-term dynamics: continued competitive pressure on new loan spreads, some moderation in loan repricing versus prior quarters, and potential macro impacts (e.g., higher oil prices, localized storm/flooding) that management is monitoring but says have had limited direct impact to date.