Loading...
•
Dec 31, 2024
Central Pacific Financial Q4 2024 Earnings Report
Reported net income of $11.3 million, or $0.42 per diluted share, and adjusted net income (non-GAAP) of $19.0 million, or $0.70 per diluted share, for the fourth quarter of 2024. The results were impacted by a pre-tax loss related to an investment portfolio repositioning of $9.9 million.
Key Takeaways
Central Pacific Financial Corp. reported a solid year in 2024, with net income for the fourth quarter of 2024 at $11.3 million, or $0.42 per diluted share. Adjusted net income (non-GAAP) for the fourth quarter of 2024 was $19.0 million, or $0.70 per diluted share. The company completed an investment securities portfolio repositioning which is estimated to improve annual net interest income by $2.7 million beginning in 2025. The Board of Directors approved an increase in the quarterly cash dividend by 3.8% to $0.27 per share and authorized a new share repurchase program of up to $30.0 million for 2025.
Net income of $11.3 million, or $0.42 per diluted share for the fourth quarter of 2024.
Completed investment securities portfolio repositioning which is estimated to improve annual net interest income by $2.7 million beginning in 2025.
Adjusted net income (non-GAAP) of $19.0 million, or $0.70 per diluted share for the fourth quarter of 2024.
CPF Board of Directors approved an increase in the quarterly cash dividend by 3.8% to $0.27 per share and authorized a new share repurchase program of up to $30.0 million for 2025.
Forward Guidance
In 2025, Central Pacific Bank will continue to execute upon its strategies and build upon the success it had in 2024.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...