Declared Dividend • May 20
First quarter dividend of US$0.29 announced Shareholders will receive a dividend of US$0.29. Ex-date: 29th May 2026 Payment date: 15th June 2026 Dividend yield will be 3.5%, which is lower than the industry average of 4.8%. Sustainability & Growth The dividend has increased by an average of 9.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 9.7% over the next year, which should provide support to the dividend and adequate earnings cover. Announcement • May 01
Central Pacific Financial Corp. Reports Charge Offs for the First Quarter Ended March 31, 2026 Central Pacific Financial Corp. reported charge offs for the first quarter ended March 31, 2026. For the period, the company reported net charge-offs of $2,412,000 compared to $2,618,000 a year ago. Announcement • Apr 30
Central Pacific Financial Corp. announces Quarterly dividend, payable on June 15, 2026 Central Pacific Financial Corp. announced Quarterly dividend of USD 0.2900 per share payable on June 15, 2026, ex-date on May 29, 2026 and record date on May 29, 2026. Announcement • Apr 09
Central Pacific Financial Corp. to Report Q1, 2026 Results on Apr 29, 2026 Central Pacific Financial Corp. announced that they will report Q1, 2026 results Pre-Market on Apr 29, 2026 Announcement • Mar 09
Central Pacific Financial Corp., Annual General Meeting, Apr 30, 2026 Central Pacific Financial Corp., Annual General Meeting, Apr 30, 2026. Announcement • Jan 15
Central Pacific Financial Corp. to Report Q4, 2025 Results on Jan 28, 2026 Central Pacific Financial Corp. announced that they will report Q4, 2025 results on Jan 28, 2026 Announcement • Nov 09
Central Pacific Financial Corp. and Central Pacific Bank Announces Resignation of Paul K. Yonamine as Board of Director, Effective November 6, 2025 On November 6, 2025, Paul K. Yonamine, a director on Central Pacific Financial Corp.'s Board of Directors, and a director on Central Pacific Bank's (the "Bank", wholly owned subsidiary of the Company) Board of Directors, informed the Company and the Bank that he is resigning from the Company's Board of Directors and the Bank's Board of Directors, effective November 6, 2025. Mr. Yonamine has served as a director of the Company and the Bank since 2017. Mr. Yonamine's decision to resign is due to personal reasons and is not due to any disagreement with the Company or the Bank on any matter. Announcement • Oct 16
Central Pacific Financial Corp. to Report Q3, 2025 Results on Oct 29, 2025 Central Pacific Financial Corp. announced that they will report Q3, 2025 results at 9:30 AM, US Eastern Standard Time on Oct 29, 2025 Announcement • Oct 02
Central Pacific Financial Corp. and Central Pacific Bank Announces Resignation of A. Catherine Ngo from Board of Directors, Effective October 1, 2025 On September 30, 2025, A. Catherine Ngo, a director on Central Pacific Financial Corp.'s (the "Company") Board of Directors, and a director on Central Pacific Bank's (the "Bank", wholly owned subsidiary of the Company) Board of Directors, informed the Company and the Bank that she is resigning from the Company's Board of Directors and the Bank's Board of Directors, effective October 1, 2025. Ms. Ngo has served as a director of the Company and the Bank since 2015. Ms. Ngo's decision to resign is due to personal reasons and is not due to any disagreement with the Company or the Bank on any matter. Announcement • Jul 12
Central Pacific Financial Corp. to Report Q2, 2025 Results on Jul 25, 2025 Central Pacific Financial Corp. announced that they will report Q2, 2025 results Pre-Market on Jul 25, 2025 Announcement • Apr 10
Central Pacific Financial Corp. to Report Q1, 2025 Results on Apr 23, 2025 Central Pacific Financial Corp. announced that they will report Q1, 2025 results Pre-Market on Apr 23, 2025 Announcement • Jan 16
Central Pacific Financial Corp. to Report Q4, 2024 Results on Jan 29, 2025 Central Pacific Financial Corp. announced that they will report Q4, 2024 results Pre-Market on Jan 29, 2025 Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €28.80, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 8x in the Banks industry in Europe. Total returns to shareholders of 34% over the past three years. Reported Earnings • Nov 01
Third quarter 2024 earnings released: EPS: US$0.49 (vs US$0.49 in 3Q 2023) Third quarter 2024 results: EPS: US$0.49 (up from US$0.49 in 3Q 2023). Revenue: US$63.7m (up 12% from 3Q 2023). Net income: US$13.3m (up 1.2% from 3Q 2023). Profit margin: 21% (down from 23% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Announcement • Oct 17
Central Pacific Financial Corp. to Report Q3, 2024 Results on Oct 30, 2024 Central Pacific Financial Corp. announced that they will report Q3, 2024 results Pre-Market on Oct 30, 2024 Declared Dividend • Aug 02
Second quarter dividend of US$0.26 announced Shareholders will receive a dividend of US$0.26. Ex-date: 30th August 2024 Payment date: 16th September 2024 Dividend yield will be 4.1%, which is lower than the industry average of 4.8%. Sustainability & Growth The dividend has increased by an average of 13% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 13% over the next year, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 01
Second quarter 2024 earnings released: EPS: US$0.58 (vs US$0.54 in 2Q 2023) Second quarter 2024 results: EPS: US$0.58 (up from US$0.54 in 2Q 2023). Revenue: US$61.8m (up 5.0% from 2Q 2023). Net income: US$15.8m (up 9.3% from 2Q 2023). Profit margin: 26% (up from 25% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.6% p.a. on average during the next 2 years, compared to a 3.2% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Announcement • Jul 18
Central Pacific Financial Corp. to Report Q2, 2024 Results on Jul 31, 2024 Central Pacific Financial Corp. announced that they will report Q2, 2024 results Pre-Market on Jul 31, 2024 Upcoming Dividend • May 24
Upcoming dividend of US$0.26 per share Eligible shareholders must have bought the stock before 31 May 2024. Payment date: 17 June 2024. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 5.1%. Within top quartile of German dividend payers (4.6%). Lower than average of industry peers (6.3%). Declared Dividend • Apr 26
First quarter dividend of US$0.26 announced Shareholders will receive a dividend of US$0.26. Ex-date: 31st May 2024 Payment date: 17th June 2024 Dividend yield will be 5.3%, which is higher than the industry average of 4.8%. Sustainability & Growth The dividend has increased by an average of 13% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 8.5% over the next year, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 24
First quarter 2024 earnings released: EPS: US$0.48 (vs US$0.60 in 1Q 2023) First quarter 2024 results: EPS: US$0.48 (down from US$0.60 in 1Q 2023). Revenue: US$57.5m (down 9.2% from 1Q 2023). Net income: US$12.9m (down 20% from 1Q 2023). Profit margin: 23% (down from 26% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.0% p.a. on average during the next 2 years, compared to a 3.4% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Apr 11
Central Pacific Financial Corp. to Report Q1, 2024 Results on Apr 24, 2024 Central Pacific Financial Corp. announced that they will report Q1, 2024 results Pre-Market on Apr 24, 2024 Announcement • Mar 07
Central Pacific Financial Corp. and Central Pacific Bank Announce Christine Camp Steps Down from the Boards After 20 years of faithful service, Christine Camp, president and CEO of the Avalon Group, has decided to step down from the boards of Central Pacific Financial (CPF) and Central Pacific Bank (CPB), effective immediately. Camp has a long tenure with the bank, having served on the boards since 2004. Announcement • Feb 27
Central Pacific Financial Corp., Annual General Meeting, Apr 25, 2024 Central Pacific Financial Corp., Annual General Meeting, Apr 25, 2024, at 11:00 Hawaiian Standard. Reported Earnings • Feb 23
Full year 2023 earnings released: EPS: US$2.17 (vs US$2.70 in FY 2022) Full year 2023 results: EPS: US$2.17 (down from US$2.70 in FY 2022). Revenue: US$241.0m (down 9.0% from FY 2022). Net income: US$58.7m (down 21% from FY 2022). Profit margin: 24% (down from 28% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.8% p.a. on average during the next 2 years, compared to a 2.9% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Upcoming Dividend • Feb 21
Upcoming dividend of US$0.26 per share Eligible shareholders must have bought the stock before 28 February 2024. Payment date: 15 March 2024. Trailing yield: 5.5%. Within top quartile of German dividend payers (5.2%). Lower than average of industry peers (6.6%). Declared Dividend • Feb 02
Fourth quarter dividend of US$0.26 announced Shareholders will receive a dividend of US$0.26. Ex-date: 28th February 2024 Payment date: 15th March 2024 Dividend yield will be 5.5%, which is higher than the industry average of 4.7%. Sustainability & Growth Dividend is well covered by earnings (48% payout ratio) and is expected to be well covered in 3 years' time (48% forecast payout ratio). The dividend has increased by an average of 13% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 2.6% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 02
Full year 2023 earnings released: EPS: US$2.17 (vs US$2.70 in FY 2022) Full year 2023 results: EPS: US$2.17 (down from US$2.70 in FY 2022). Revenue: US$241.0m (down 9.0% from FY 2022). Net income: US$58.7m (down 21% from FY 2022). Profit margin: 24% (down from 28% in FY 2022). The decrease in margin was driven by lower revenue. Net interest margin (NIM): 2.94% (down from 3.09% in FY 2022). Cost-to-income ratio: 64.0% (up from 63.0% in FY 2022). Non-performing loans: 0.13% (up from 0.09% in FY 2022). Revenue is forecast to grow 3.8% p.a. on average during the next 2 years, compared to a 1.8% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. New Risk • Feb 01
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Announcement • Jan 18
Central Pacific Financial Corp. to Report Q4, 2023 Results on Jan 31, 2024 Central Pacific Financial Corp. announced that they will report Q4, 2023 results Pre-Market on Jan 31, 2024 Announcement • Dec 07
Central Pacific Financial Corp. Appoints Robert Nobriga as Board of Directors, Effective January 1, 2024 Central Pacific Financial Corp. announced the appointment of Robert Nobriga as a member of its board of directors of both CPF and CPB, effective January 1, 2024. Mr. Nobriga is currently President and Chief Executive Officer of Tradewind Group Inc., located in Honolulu, Hawaii, and whose business focuses on investments, insurance, and technology. He has served in that capacity since 2018. Prior to his current position, Mr. Nobriga was the Executive Vice President and Chief Financial Officer of American Savings Bank from 2016 to 2018. He also served as Executive Vice President and Chief Financial Officer of Queens Health Systems from 2014 to 2016. Before that, Mr. Nobriga served as Executive Vice President and Chief Financial Officer of Hawaii National Bank where he worked from 2006 to 2014. He also served as Chief Financial and Operations Officer of John A. Burns School of Medicine where he worked from 2001 to 2005. Mr. Nobriga started his career as a CPA and worked for PricewaterhouseCoopers from 1995 to 2001. Mr. Nobriga obtained a bachelor’s degree in accountancy from the University of Notre Dame. Mr. Nobriga is actively involved in numerous community and business organizations, including as a Trustee of Kamehameha Schools and as a director of Haleakala Ranch Company. Upcoming Dividend • Nov 22
Upcoming dividend of US$0.26 per share at 6.0% yield Eligible shareholders must have bought the stock before 29 November 2023. Payment date: 15 December 2023. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 6.0%. Within top quartile of German dividend payers (5.0%). In line with average of industry peers (6.4%). New Risk • Oct 26
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 5.8% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Reported Earnings • Oct 26
Third quarter 2023 earnings released: EPS: US$0.49 (vs US$0.61 in 3Q 2022) Third quarter 2023 results: EPS: US$0.49 (down from US$0.61 in 3Q 2022). Revenue: US$57.1m (down 12% from 3Q 2022). Net income: US$13.1m (down 21% from 3Q 2022). Profit margin: 23% (down from 26% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Oct 12
Central Pacific Financial Corp. to Report Q3, 2023 Results on Oct 25, 2023 Central Pacific Financial Corp. announced that they will report Q3, 2023 results Pre-Market on Oct 25, 2023 Upcoming Dividend • Aug 23
Upcoming dividend of US$0.26 per share at 6.2% yield Eligible shareholders must have bought the stock before 30 August 2023. Payment date: 15 September 2023. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 6.2%. Within top quartile of German dividend payers (4.9%). In line with average of industry peers (6.1%). Reported Earnings • Jul 28
Second quarter 2023 earnings released: EPS: US$0.54 (vs US$0.64 in 2Q 2022) Second quarter 2023 results: EPS: US$0.54 (down from US$0.64 in 2Q 2022). Revenue: US$58.9m (down 15% from 2Q 2022). Net income: US$14.5m (down 18% from 2Q 2022). Profit margin: 25% (in line with 2Q 2022). Revenue is forecast to stay flat during the next 2 years compared to a 4.0% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Jul 13
Central Pacific Financial Corp. to Report Q2, 2023 Results on Jul 26, 2023 Central Pacific Financial Corp. announced that they will report Q2, 2023 results Pre-Market on Jul 26, 2023 Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €15.80, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 7x in the Banks industry in Europe. Total returns to shareholders of 14% over the past three years. Upcoming Dividend • May 23
Upcoming dividend of US$0.26 per share at 6.8% yield Eligible shareholders must have bought the stock before 30 May 2023. Payment date: 15 June 2023. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 6.8%. Within top quartile of German dividend payers (4.7%). In line with average of industry peers (6.2%). Recent Insider Transactions • May 10
Independent Director recently bought €130k worth of stock On the 8th of May, Christine H. Camp bought around 10k shares on-market at roughly €13.18 per share. This transaction amounted to 8.9% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €220k more in shares than they have sold in the last 12 months. Reported Earnings • Apr 27
First quarter 2023 earnings released: EPS: US$0.60 (vs US$0.70 in 1Q 2022) First quarter 2023 results: EPS: US$0.60 (down from US$0.70 in 1Q 2022). Revenue: US$63.4m (flat on 1Q 2022). Net income: US$16.2m (down 17% from 1Q 2022). Profit margin: 26% (down from 31% in 1Q 2022). Revenue is forecast to stay flat during the next 2 years compared to a 5.1% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €17.40, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 8x in the Banks industry in Europe. Total returns to shareholders of 34% over the past three years. Reported Earnings • Mar 01
Full year 2022 earnings released: EPS: US$2.70 (vs US$2.85 in FY 2021) Full year 2022 results: EPS: US$2.70 (down from US$2.85 in FY 2021). Revenue: US$264.8m (down 1.4% from FY 2021). Net income: US$73.9m (down 7.5% from FY 2021). Profit margin: 28% (down from 30% in FY 2021). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 2.1% p.a. on average during the next 2 years, compared to a 6.6% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Upcoming Dividend • Feb 20
Upcoming dividend of US$0.26 per share at 4.4% yield Eligible shareholders must have bought the stock before 27 February 2023. Payment date: 15 March 2023. Trailing yield: 4.4%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (5.3%). Reported Earnings • Jan 26
Full year 2022 earnings released: EPS: US$2.70 (vs US$2.85 in FY 2021) Full year 2022 results: EPS: US$2.70 (down from US$2.85 in FY 2021). Revenue: US$264.8m (down 1.4% from FY 2021). Net income: US$73.9m (down 7.5% from FY 2021). Profit margin: 28% (down from 30% in FY 2021). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 3.1% p.a. on average during the next 2 years, compared to a 5.2% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Jan 12
Central Pacific Financial Corp. to Report Q4, 2022 Results on Jan 25, 2023 Central Pacific Financial Corp. announced that they will report Q4, 2022 results at 9:30 AM, US Eastern Standard Time on Jan 25, 2023 Announcement • Dec 03
Central Pacific Financial Corp. Appoints Jason Fujimoto as the Member of Board of Directors of Both Central Pacific Financial Corp. and Central Pacific Bank, Effective January 1, 2023 Central Pacific Financial Corp. announced the appointment of Jason Fujimoto as the newest member of its Board of Directors of both Central Pacific Financial Corp. and Central Pacific Bank, effective January 1, 2023. Mr. Fujimoto will serve on both the CPF Board of Directors' Audit Committee and the CPB Board of Directors' Audit Committee. Mr. Fujimoto is currently president and CEO of Hawaii Planing Mill Ltd., doing business as HPM Building Supply, a building supply company headquartered on Hawaii Island with operations on all four major islands in the State of Hawaii. He has served in multiple executive roles with HPM Building Supply since 2009. Mr. Fujimoto obtained a Bachelor of Science degree in Economics from the Wharton School of the University of Pennsylvania, concentrating in Corporate Finance and Strategic Management, and obtained a minor degree in Psychology from the University of Pennsylvania College of Arts and Sciences. Mr. Fujimoto is actively involved in numerous community and business organizations. Mr. Fujimoto is a director with Hawaii Asia Pacific Association Leaders, a director with Holomua Collective, past chair of Kohala Institute DBA 'Iole Stewardship Center, past chair of Hawaii Public Television Foundation DBA PBS Hawaii, and a member of the following organizations: Hawaii Executive Collaborative, Hawaii Business Roundtable, University of Hawaii Hilo Chancellor'sCommunity Advisory Board, U.S. Army Garrison Pohakuloa Training Area Commander's Advisory Council, Do It Best Eagles Conference, and BIG Group. Mr. Fujimoto is the recipient of numerous recognitions and was a 2008 Pacific Century Fellow, a 2012 Omidyar Fellow, a 2013 Hawaii Business magazine list of 20 for the Next 20: People to Watch, and recognized in 2015 as Young Retailer of the Year by the North American Hardware and Paint Association. Upcoming Dividend • Nov 22
Upcoming dividend of US$0.26 per share Eligible shareholders must have bought the stock before 29 November 2022. Payment date: 15 December 2022. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 5.0%. Within top quartile of German dividend payers (4.9%). Lower than average of industry peers (6.4%). Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 6 highly experienced directors. Independent Director Jon Kindred was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Oct 30
President & COO recently bought €97k worth of stock On the 27th of October, Arnold Martines bought around 5k shares on-market at roughly €19.43 per share. This transaction amounted to 21% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Arnold's only on-market trade for the last 12 months. Reported Earnings • Oct 22
Third quarter 2022 earnings released: EPS: US$0.61 (vs US$0.74 in 3Q 2021) Third quarter 2022 results: EPS: US$0.61 (down from US$0.74 in 3Q 2021). Revenue: US$64.6m (down 6.3% from 3Q 2021). Net income: US$16.7m (down 20% from 3Q 2021). Profit margin: 26% (down from 30% in 3Q 2021). Revenue is forecast to grow 4.9% p.a. on average during the next 2 years, compared to a 5.4% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Oct 08
Central Pacific Financial Corp. to Report Q3, 2022 Results on Oct 21, 2022 Central Pacific Financial Corp. announced that they will report Q3, 2022 results Pre-Market on Oct 21, 2022 Upcoming Dividend • Aug 23
Upcoming dividend of US$0.26 per share Eligible shareholders must have bought the stock before 30 August 2022. Payment date: 15 September 2022. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 4.5%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (6.5%). Reported Earnings • Jul 28
Second quarter 2022 earnings released: EPS: US$0.64 (vs US$0.66 in 2Q 2021) Second quarter 2022 results: EPS: US$0.64 (down from US$0.66 in 2Q 2021). Revenue: US$69.1m (up 4.7% from 2Q 2021). Net income: US$17.6m (down 6.0% from 2Q 2021). Profit margin: 26% (down from 28% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is expected to shrink by 2.3% compared to a 20% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Jul 14
Central Pacific Financial Corp. to Report Q2, 2022 Results on Jul 27, 2022 Central Pacific Financial Corp. announced that they will report Q2, 2022 results at 9:30 AM, US Eastern Standard Time on Jul 27, 2022 Upcoming Dividend • May 20
Upcoming dividend of US$0.26 per share Eligible shareholders must have bought the stock before 27 May 2022. Payment date: 15 June 2022. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 4.5%. Within top quartile of German dividend payers (4.4%). Lower than average of industry peers (6.6%). Reported Earnings • May 01
First quarter 2022 earnings released: EPS: US$0.70 (vs US$0.64 in 1Q 2021) First quarter 2022 results: EPS: US$0.70 (up from US$0.64 in 1Q 2021). Revenue: US$63.7m (up 3.9% from 1Q 2021). Net income: US$19.4m (up 7.8% from 1Q 2021). Profit margin: 31% (up from 29% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 4.5% compared to a 9.0% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 6 highly experienced directors. Independent Director Jon Kindred was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 21
First quarter 2022 earnings released: EPS: US$0.70 (vs US$0.64 in 1Q 2021) First quarter 2022 results: EPS: US$0.70 (up from US$0.64 in 1Q 2021). Revenue: US$63.7m (up 3.9% from 1Q 2021). Net income: US$19.4m (up 7.8% from 1Q 2021). Profit margin: 31% (up from 29% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 4.4% compared to a 8.3% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Apr 21
Central Pacific Financial Corp. Declares Quarterly Cash Dividend, Payable on June 15, 2022 Central Pacific Financial Corp. declared a quarterly cash dividend of $0.26 per share on its outstanding common shares. The dividend will be payable on June 15, 2022 to shareholders of record at the close of business on May 31, 2022. Announcement • Apr 07
Central Pacific Financial Corp. to Report Q1, 2022 Results on Apr 20, 2022 Central Pacific Financial Corp. announced that they will report Q1, 2022 results Pre-Market on Apr 20, 2022 Recent Insider Transactions • Mar 08
Executive Vice Chairman recently sold €537k worth of stock On the 28th of February, Anli Ngo sold around 21k shares on-market at roughly €25.95 per share. This was the largest sale by an insider in the last 3 months. This was Anli's only on-market trade for the last 12 months. Announcement • Mar 01
Central Pacific Financial Corp., Annual General Meeting, Apr 21, 2022 Central Pacific Financial Corp., Annual General Meeting, Apr 21, 2022, at 21:00 Coordinated Universal Time. Agenda: To elect up to eleven persons to the board of directors for a term of one year and to serve until their successors are elected and qualified, as more fully described in this proxy statement; to approve, on a non-binding advisory basis, the compensation of the company’s named executive officers; and to discuss other matters. Upcoming Dividend • Feb 18
Upcoming dividend of US$0.26 per share Eligible shareholders must have bought the stock before 25 February 2022. Payment date: 15 March 2022. Payout ratio is a comfortable 34% but the company is not cash flow positive. Trailing yield: 3.6%. Within top quartile of German dividend payers (3.3%). Lower than average of industry peers (4.4%). Reported Earnings • Jan 28
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: US$2.85 (up from US$1.33 in FY 2020). Revenue: US$268.7m (up 32% from FY 2020). Net income: US$79.9m (up 114% from FY 2020). Profit margin: 30% (up from 18% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is expected to shrink by 4.3% compared to a 11% growth forecast for the banks industry in Germany. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 2% per year. 
