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Central Pacific Financial Corp. operates as the bank holding company for Central Pacific Bank that provides a range of commercial banking products and services to businesses, professionals, and individuals in the United States. The company offers various deposit products and services, including checking, savings and time deposits, cash management and digital banking, trust, and retail brokerage services, as well as money market accounts and certificates of deposit. It also provides various lending activities, such as commercial, industrial, commercial real estate, and residential mortgage, home equity, and consumer loans; and other products and services comprising debit cards, internet and mobile banking, full-service ATMs, safe deposit boxes, international banking services, night depository facilities, foreign exchange, and wire transfers. In addition, the company offers wealth management products and services that include non-deposit investment products, annuities, insurance, investment management, asset custody and general consultation, financial advisory, and estate planning services. Central Pacific Financial Corp. was founded in 1954 and is headquartered in Honolulu, Hawaii.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $289M | - | $77M | $92M | 13.1% | 17.2% | 45.1% |
| 2024 | $246M | - | $53M | $75M | 9.9% | -0.3% | -9.0% |
| 2023 | $247M | - | $59M | $92M | 11.6% | -5.0% | -20.6% |
| 2022 | $260M | - | $74M | $96M | 16.3% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 259.95 | 246.97 | 246.11 | 288.56 |
| Operating Revenue | - | 259.95 | 246.97 | 246.11 | 288.56 |
| Selling General And Administration | - | 102.37 | 94.11 | 98.16 | 105.38 |
| Interest Income | - | 232.26 | 282.18 | 305.59 | 312.67 |
| Interest Expense | - | 17.09 | 72.66 | 94.37 | 73.28 |
| Net Interest Income | - | 215.17 | 209.52 | 211.22 | 239.39 |
| Pretax Income | - | 98.77 | 76.82 | 68.04 | 98.28 |
| Tax Provision | - | 24.84 | 18.15 | 14.63 | 20.80 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -0.16 | 0.67 | -0.01 | -0.32 |
| Net Income Continuous Operations | - | 73.93 | 58.67 | 53.41 | 77.48 |
| Net Income From Continuing And Discontinued Operation | - | 73.93 | 58.67 | 53.41 | 77.48 |
| Net Income From Continuing Operation Net Minority Interest | - | 73.93 | 58.67 | 53.41 | 77.48 |
| Net Income | - | 73.93 | 58.67 | 53.41 | 77.48 |
| Net Income Common Stockholders | - | 73.93 | 58.67 | 53.41 | 77.48 |
| Net Income Including Noncontrolling Interests | - | 73.93 | 58.67 | 53.41 | 77.48 |
| Normalized Income | - | 74.39 | 56.50 | 53.46 | 78.68 |
| Diluted NI Availto Com Stockholders | - | 73.93 | 58.67 | 53.41 | 77.48 |
| Basic Average Shares | - | 27.40 | 27.03 | 27.06 | 26.93 |
| Diluted Average Shares | - | 27.57 | 27.08 | 27.16 | 27.05 |
| Reconciled Depreciation | - | 8.16 | 7.69 | 9.12 | 7.95 |
| Total Unusual Items | - | -0.62 | 2.84 | -0.06 | -1.52 |
| Total Unusual Items Excluding Goodwill | - | -0.62 | 2.84 | -0.06 | -1.52 |
| Special Income Charges | - | -0.62 | 2.84 | -0.06 | -1.52 |
| Other Special Charges | - | 0 | -2.84 | 0.06 | 0 |
| Restructuring And Mergern Acquisition | - | 0.61 | 0 | 0 | 1.52 |
| Gain On Sale Of Security | - | 8.51 | -2.12 | -9.86 | -0.08 |
| Depreciation Amortization Depletion Income Statement | - | 1.30 | 0.74 | 2.24 | 0.84 |
| Depreciation And Amortization In Income Statement | - | 1.30 | 0.74 | 2.24 | 0.84 |
| General And Administrative Expense | - | 96.70 | 88.21 | 92.54 | 99.75 |
| Other Gand A | 16.58 | - | - | - | - |
| Salaries And Wages | - | 94.38 | 84.08 | 89.06 | 96.42 |
| Insurance And Claims | - | 2.32 | 4.13 | 3.48 | 3.33 |
| Selling And Marketing Expense | - | 5.66 | 5.90 | 5.61 | 5.63 |
| Amortization | - | 1.30 | 0.74 | 2.24 | 0.84 |
| Amortization Of Intangibles Income Statement | - | 1.30 | 0.74 | 2.24 | 0.84 |
| Occupancy And Equipment | - | 21.20 | 22.14 | 21.88 | 21.40 |
| Professional Expense And Contract Services Expense | - | 10.79 | 9.96 | 9.79 | 11.22 |
| Other Non Interest Expense | - | 26.64 | 30.75 | 36.29 | 34.49 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Central Pacific Financial Corp.this co. | CPF | $908M | 11.72 | 1.53 | 13.1% | - |
| Business First Bancshares, Inc. | BFST | $928M | 10.56 | 1.12 | 10.7% | - |
| Five Star Bancorp | FSBC | $922M | 14.97 | 2.07 | 13.8% | - |
| TrustCo Bank Corp NY | TRST | $920M | 15.05 | 1.34 | 8.9% | - |
| CNB Financial Corporation | CCNE |
| - |
| - |
| - |
| - |
| - |
| - |
| $918M |
| 13.89 |
| 1.13 |
| 8.1% |
| - |
| Mercantile Bank Corporation | MBWM | $909M | 10.24 | 1.25 | 12.2% | - |
| Hanmi Financial Corporation | HAFC | $907M | 11.92 | 1.14 | 9.6% | - |
| Ridgepost Capital, Inc | RPC | $891M | 45.70 | 2.54 | 5.6% | 14.81 |
| Jefferson Capital, Inc. | JCAP | $889M | 4.73 | 1.87 | 39.5% | 10.24 |
| Peer Median | - | 12.90 | 1.30 | 10.1% | 12.53 | |