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Dec 31, 2019
Central Pacific Financial Q4 2019 Earnings Report
Net income decreased slightly, but EPS remained strong due to solid loan and deposit growth and core margin expansion.
Key Takeaways
Central Pacific Financial Corp. reported a net income of $14.2 million, or $0.50 per diluted share, for the fourth quarter of 2019. The results reflect continued execution on revenue growth while investing for the future.
Net income of $14.2 million, or fully diluted EPS of $0.50 for the fourth quarter.
Total loans increased by $81.7 million, or 1.9% sequentially.
Core deposits increased by $102.7 million, or 2.5% sequentially.
Cost of average total deposits of 0.41% in the fourth quarter declined by 8 basis points from the third quarter.
Revenue by Geographic Location
Forward Guidance
The Company is focused on continuing to transform the bank in 2020 and beyond.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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