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Dec 31, 2023
Central Pacific Financial Q4 2023 Earnings Report
Reported a net income of $14.9 million and EPS of $0.55 for the fourth quarter.
Key Takeaways
Central Pacific Financial Corp. reported a net income of $14.9 million, or $0.55 per diluted share, for Q4 2023. The results reflect a consistent business approach and commitment to the Hawaii marketplace.
Net income for the fourth quarter was $14.9 million, or $0.55 per diluted share.
The company's ROA was 0.79%, ROE was 12.55%, and NIM was 2.84% for the fourth quarter.
A balance sheet repositioning, including the sale of an office real estate property, branch lease termination and investment securities portfolio restructuring, resulted in a net $0.9 million pre-tax gain in the fourth quarter.
The Board of Directors approved a quarterly cash dividend of $0.26 per share and authorized a new share repurchase program of up to $20.0 million for 2024.
Revenue by Geographic Location
Forward Guidance
The company believes they are positioned to deliver a strong financial performance in 2024, highlighted by their strategic relationship focused approach and their solid liquidity, capital and asset quality.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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