Central Pacific Financial Corp. (CPF) Earnings
Central Pacific Financial Corp. is expected to report next earnings on July 24, 2026 (in NaN days), with a consensus EPS estimate of $0.80. CPF has beaten EPS estimates in 7 of its last 12 reported quarters (average surprise +4.1% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 29, 2026 | $0.74 | $0.78 | +5.4% | $73M | -1.8% |
| Jan 28, 2026 | $0.73 | $0.85 | +16.4% | $76M | +2.9% |
| Oct 29, 2025 | $0.74 | $0.73 | -1.4% | $74M | -2.3% |
| Jul 25, 2025 | $0.70 | $0.67 | -4.3% | $72M | -4.0% |
| Apr 23, 2025 | $0.63 | $0.65 | +3.2% | $68M | -5.8% |
| Jan 29, 2025 | $0.61 | $0.70 | +14.8% | $58M | -1.8% |
| Oct 30, 2024 | $0.56 | $0.49 | -12.5% | $65M | +22.7% |
| Jul 31, 2024 | $0.48 | $0.58 | +20.8% | $63M | +23.8% |
| Jan 31, 2024 | $0.48 | $0.55 | +14.6% | $61M | +19.5% |
| Oct 25, 2023 | $0.52 | $0.49 | -5.8% | $60M | +16.7% |
| Jul 26, 2023 | $0.54 | $0.53 | -1.9% | $62M | +15.9% |
| Jan 25, 2023 | $0.60 | $0.74 | +23.3% | $72M | +7.2% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · April 29, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
- First quarter was a strong start with solid earnings, loan and core deposit growth, strong credit quality, and capital strength. - Committed to relationship-focused banking model, serving Hawaii communities. - Named Hawaii U.S. Small Business Administration Lender of the Year for 17th time. - Hawaii economy resilient with visitor arrivals/spending up, low unemployment, but monitoring Middle East oil price impact. - Committed to supporting communities affected by storm activity. - Strategy includes supporting local businesses, growing core deposits, investing in franchise, and managing risk.
Guidance
- Second quarter NIM projected at 3.50 to 3.55%. - Full year net interest income guidance remains 4 to 6% increase over prior year. - Total other operating income expected to increase modestly over normalized prior year. - Expense growth expected to be modest at 2.5 to 3.5% from 2025 normalized. - Second quarter cash dividend of 29 cents per share declared. - $44.5 million remaining available under share repurchase program as of March 31st.
Segment performance
For the first quarter, net income was $20.7 million and earnings per diluted share was 78 cents. Return on average assets was 1.12% and return on average equity was 13.90%. Net interest income totaled $61.4 million with a net interest margin of 3.53%. Total other operating income was $11.6 million, and total other operating expense was $43.7 million. The total loan portfolio grew by $31 million to $5.3 billion at quarter end. Total deposits increased $90 million to $6.7 billion with core deposits representing over 90% of total deposits.
Risks & headwinds
- Potential impact of Middle East conflict on Hawaii economy. - Credit risk related to specific commercial relationship with criticized loans increase, but no broad-based credit trend.
Analyst Q&A
Q: Evan Kwiatkowski from Raymond James asked about borrower feedback, commercial credit targeting, margin funding cost floor, buyback and capital priorities.
A: David Morimoto said commercial area has good risk-reward opportunities, relatively balanced between Hawaii and mainland. Dana Matsumoto said deposit costs likely level out, NIM expected to remain mid-3% range. Arnold Martinez said capital priorities include loan growth, dividends, and share repurchases.
Q: Matthew Clark from Piper Sandler asked about margin guide, construction projects funding, criticized loans.
A: Dana Matsumoto said NIM affected by back book repricing moderation and competitive pressure. David Morimoto said a large residential condominium project expected to close in second quarter. Ralph Misik said criticized loans increase related to one commercial relationship, plan to retain and support.
Q: Kelly Mata from KBW asked about margin loan pricing blended rate, proposed capital rules impact, tax rate, liquidity management.
A: Dana Matsumoto said weighted average new loan yield decreased from Q4. Arnold Martinez said proposed capital rules beneficial, early estimate 50 - 100 basis point improvement in CET1 ratio. Dana Matsumoto said effective tax rate expected in 22% - 23% range. Dana Matsumoto said cash and liquidity position healthy with excess cash deployable to opportunities.