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Mar 31, 2024
Central Pacific Financial Q1 2024 Earnings Report
Reported earnings of $12.9 million for the first quarter of 2024.
Key Takeaways
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.
Revenue by Geographic Location
Forward Guidance
This document may contain forward-looking statements concerning projections of revenues, expenses, income or loss, earnings or loss per share, capital expenditures, payment or nonpayment of dividends, capital position, credit losses, net interest margin or other financial items.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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