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Sep 30, 2022
Central Pacific Financial Q3 2022 Earnings Report
Central Pacific Financial reported third quarter earnings with net income of $16.7 million and EPS of $0.61.
Key Takeaways
Central Pacific Financial Corp. reported a net income of $16.7 million for the third quarter of 2022, with a diluted earnings per share of $0.61. The company saw loan growth and an expanding net interest margin, which contributed to the strong earnings.
Net income for the quarter was $16.7 million, or $0.61 per diluted share.
Return on average assets was 0.91% and return on average equity was 14.49% for the quarter.
Total loans increased by $120.6 million, or 2.3% in the third quarter, reaching $5.42 billion.
Net interest income increased by $2.4 million, or 4.5% from the previous quarter.
Revenue by Geographic Location
Forward Guidance
The document does not contain specific forward guidance, but it mentions long-term strategic goals to build robust digital channels.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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