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Jun 30, 2024
Central Pacific Financial Q2 2024 Earnings Report
Reported net income of $15.8 million and EPS of $0.58, with NIM expansion and core deposit growth.
Key Takeaways
Central Pacific Financial Corp. reported a strong second quarter with net income of $15.8 million, or $0.58 per diluted share. Key contributors included NIM expansion of 14 bps, core deposit growth and improvement in net charge-offs. The company maintained solid liquidity and grew capital levels.
Net income was $15.8 million, or $0.58 per diluted share, an increase of 22.2% compared to the previous quarter.
Net interest margin of 2.97% increased by 14 bps from the previous quarter.
Core deposits of $5.91 billion increased by $16.7 million from the previous quarter.
Net charge-offs of $3.8 million decreased by $0.8 million from the previous quarter.
Forward Guidance
The document does not contain specific forward guidance. It includes a general disclaimer about forward-looking statements and the risks and uncertainties that could cause actual results to differ materially from expectations.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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