Central Pacific Financial reported a net income of $12.9 million, or $0.48 per diluted share, for the first quarter of 2024. The results reflect the company's focus on optimizing the balance sheet while maintaining strong liquidity, asset quality, and capital.
Net income was $12.9 million, or $0.48 per diluted share.
Net Interest Margin (NIM) was 2.83%, compared to 2.84% in the previous quarter and 3.08% a year ago.
Total loans decreased by $37.6 million from the previous quarter to $5.40 billion.
Total deposits decreased by $228.7 million from the previous quarter to $6.62 billion, including a decrease in government time deposits of $139.1 million.
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