Central Pacific Financial Management

Management criteria checks 2/4

Central Pacific Financial's CEO is Arnold Martines, appointed in Jan 2022, has a tenure of 2.25 years. total yearly compensation is $1.74M, comprised of 36.2% salary and 63.8% bonuses, including company stock and options. directly owns 0.19% of the company’s shares, worth €946.28K. The average tenure of the management team and the board of directors is 7.5 years and 7.7 years respectively.

Key information

Arnold Martines

Chief executive officer

US$1.7m

Total compensation

CEO salary percentage	36.2%
CEO tenure	2.3yrs
CEO ownership	0.2%
Management average tenure	7.5yrs
Board average tenure	7.7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Arnold Martines's remuneration changed compared to Central Pacific Financial's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$55m
Dec 31 2023	US$2m	US$629k	US$59m
Sep 30 2023	n/a	n/a	US$64m
Jun 30 2023	n/a	n/a	US$68m
Mar 31 2023	n/a	n/a	US$71m
Dec 31 2022	US$1m	US$472k	US$74m
Sep 30 2022	n/a	n/a	US$76m
Jun 30 2022	n/a	n/a	US$80m
Mar 31 2022	n/a	n/a	US$81m
Dec 31 2021	US$1m	US$368k	US$80m
Sep 30 2021	n/a	n/a	US$70m
Jun 30 2021	n/a	n/a	US$56m
Mar 31 2021	n/a	n/a	US$47m
Dec 31 2020	US$766k	US$310k	US$37m
Sep 30 2020	n/a	n/a	US$39m
Jun 30 2020	n/a	n/a	US$47m
Mar 31 2020	n/a	n/a	US$51m
Dec 31 2019	US$682k	US$290k	US$58m
Sep 30 2019	n/a	n/a	US$60m
Jun 30 2019	n/a	n/a	US$61m
Mar 31 2019	n/a	n/a	US$61m
Dec 31 2018	US$460k	US$243k	US$59m
Sep 30 2018	n/a	n/a	US$48m
Jun 30 2018	n/a	n/a	US$45m
Mar 31 2018	n/a	n/a	US$42m
Dec 31 2017	US$427k	US$229k	US$41m

Compensation vs Market: Arnold's total compensation ($USD1.74M) is above average for companies of similar size in the German market ($USD1.02M).

Compensation vs Earnings: Arnold's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Arnold Martines (58 yo)

2.3yrs

Tenure

US$1,737,311

Compensation

Mr. Arnold D. Martines serves as Chief Executive Officer and Director at Central Pacific Financial Corp. since January 1, 2023. He serves as President of Central Pacific Financial Corp since January 01, 20...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Arnold Martines	President	2.3yrs	US$1.74m	0.19% $ 946.3k
David Morimoto	Senior EVP & CFO	8.8yrs	US$1.15m	0.20% $ 1.0m
Anna Hu	Executive VP & Chief Credit Officer	7.5yrs	US$571.28k	0.068% $ 347.2k
Kisan Jo	Executive Vice President of Retail & Wealth Markets	less than a year	US$598.86k	0.011% $ 57.6k
Diane W. Murakami	Executive Vice President of Commercial Markets	2.3yrs	US$567.74k	0.012% $ 60.1k
Lee Moriwaki	Executive VP & Chief Information Officer	9.2yrs	US$484.91k	no data
Glenn K. Ching	Executive VP	21.3yrs	US$550.70k	no data
Denis Isono	Executive VP of Corporate Services	22.3yrs	US$461.57k	no data
David Hudson	Executive VP of Retail Markets & Community Banking Division Manager	4.9yrs	no data	no data
Ian Tanaka	Senior VP & Treasurer	no data	no data	no data

7.5yrs

Average Tenure

56.5yo

Average Age

Experienced Management: XCP1's management team is seasoned and experienced (7.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Arnold Martines	President	1.3yrs	US$1.74m	0.19% $ 946.3k
Christopher Lutes	Independent Director	6.3yrs	US$140.00k	0.059% $ 301.9k
Anli Ngo	Chairman	8.8yrs	US$286.60k	0.72% $ 3.7m
Earl Fry	Independent Director	19.3yrs	US$150.00k	0.19% $ 975.2k
Duane Kurisu	Independent Director	12.3yrs	US$125.00k	0.11% $ 572.3k
Paul Kosasa	Independent Director	22.3yrs	US$140.00k	0.25% $ 1.3m
Crystal Rose	Lead Independent Director	19.2yrs	US$155.00k	0.10% $ 516.7k
Paul K. Yonamine	Chairman Emeritus	6.8yrs	US$498.67k	0.32% $ 1.6m
Jonathan Kindred	Independent Director	2.4yrs	US$125.00k	0.029% $ 145.0k
Saedene Ota	Independent Director	8.6yrs	US$142.50k	0.0061% $ 31.2k
Robert Kaleookalani Wah Nobriga	Independent Director	less than a year	no data	0.0040% $ 20.2k
Jason Fujimoto	Independent Director	1.3yrs	US$125.00k	0.019% $ 96.6k

7.7yrs

Average Tenure

61.5yo

Average Age

Experienced Board: XCP1's board of directors are considered experienced (7.7 years average tenure).

Central Pacific Financial Management

Management criteria checks 2/4

Key information

Recent management updates

Central Pacific Financial Corp. and Central Pacific Bank Announce Christine Camp Steps Down from the Boards

Central Pacific Financial Corp., Annual General Meeting, Apr 25, 2024

Central Pacific Financial Corp. Appoints Robert Nobriga as Board of Directors, Effective January 1, 2024

Independent Director recently bought €130k worth of stock

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

Insufficient new directors

Recent updates

First quarter dividend of US$0.26 announced

First quarter 2024 earnings released: EPS: US$0.48 (vs US$0.60 in 1Q 2023)

Central Pacific Financial Corp. Declares Quarterly Cash Dividend, Payable on June 17, 2024

Central Pacific Financial Corp. to Report Q1, 2024 Results on Apr 24, 2024

Central Pacific Financial Corp. and Central Pacific Bank Announce Christine Camp Steps Down from the Boards

Central Pacific Financial Corp., Annual General Meeting, Apr 25, 2024

Full year 2023 earnings released: EPS: US$2.17 (vs US$2.70 in FY 2022)

Upcoming dividend of US$0.26 per share

Fourth quarter dividend of US$0.26 announced

Full year 2023 earnings released: EPS: US$2.17 (vs US$2.70 in FY 2022)

New major risk - Revenue and earnings growth

Central Pacific Financial Corp. (NYSE:CPF) announces an Equity Buyback for $20 million worth of its shares.

Central Pacific Financial Corp. to Report Q4, 2023 Results on Jan 31, 2024

Central Pacific Financial Corp. Appoints Robert Nobriga as Board of Directors, Effective January 1, 2024

Upcoming dividend of US$0.26 per share at 6.0% yield

New major risk - Revenue and earnings growth

Third quarter 2023 earnings released: EPS: US$0.49 (vs US$0.61 in 3Q 2022)

Central Pacific Financial Corp. Declares Quarterly Cash Dividend, Payable on December 15, 2023

Central Pacific Financial Corp. to Report Q3, 2023 Results on Oct 25, 2023

Upcoming dividend of US$0.26 per share at 6.2% yield

Second quarter 2023 earnings released: EPS: US$0.54 (vs US$0.64 in 2Q 2022)

Central Pacific Financial Corp. Declares A Quarterly Cash Dividend, Payable on September 15, 2023

Central Pacific Financial Corp. to Report Q2, 2023 Results on Jul 26, 2023

Investor sentiment improves as stock rises 17%

Upcoming dividend of US$0.26 per share at 6.8% yield

Independent Director recently bought €130k worth of stock

First quarter 2023 earnings released: EPS: US$0.60 (vs US$0.70 in 1Q 2022)

Investor sentiment deteriorates as stock falls 16%

Full year 2022 earnings released: EPS: US$2.70 (vs US$2.85 in FY 2021)

Upcoming dividend of US$0.26 per share at 4.4% yield

Full year 2022 earnings released: EPS: US$2.70 (vs US$2.85 in FY 2021)

Central Pacific Financial Corp. (NYSE:CPF) announces an Equity Buyback for $25 million worth of its shares.

Central Pacific Financial Corp. to Report Q4, 2022 Results on Jan 25, 2023

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

Upcoming dividend of US$0.26 per share

Insufficient new directors

President & COO recently bought €97k worth of stock

Third quarter 2022 earnings released: EPS: US$0.61 (vs US$0.74 in 3Q 2021)

Central Pacific Financial Corp. Reports Unaudited Net Charge Offs for the Quarter Ended September 30, 2022

Central Pacific Financial Corp. Announces Executive Changes

Central Pacific Financial Corp. to Report Q3, 2022 Results on Oct 21, 2022

Upcoming dividend of US$0.26 per share

Second quarter 2022 earnings released: EPS: US$0.64 (vs US$0.66 in 2Q 2021)

Central Pacific Financial Corp. Approves Quarterly Cash Dividend, Payable on September 15, 2022

Central Pacific Financial Corp. to Report Q2, 2022 Results on Jul 27, 2022

Upcoming dividend of US$0.26 per share

First quarter 2022 earnings released: EPS: US$0.70 (vs US$0.64 in 1Q 2021)

Insufficient new directors

First quarter 2022 earnings released: EPS: US$0.70 (vs US$0.64 in 1Q 2021)

Central Pacific Financial Corp. Declares Quarterly Cash Dividend, Payable on June 15, 2022

Central Pacific Financial Corp. to Report Q1, 2022 Results on Apr 20, 2022

Executive Vice Chairman recently sold €537k worth of stock

Central Pacific Financial Corp., Annual General Meeting, Apr 21, 2022

Upcoming dividend of US$0.26 per share

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Central Pacific Financial Corp. (NYSE:CPF) announces an Equity Buyback for $30 million worth of its shares.

Upcoming dividend of US$0.25 per share

Third quarter 2021 earnings released: EPS US$0.74 (vs US$0.24 in 3Q 2020)

Upcoming dividend of US$0.24 per share

Second quarter 2021 earnings released: EPS US$0.66 (vs US$0.35 in 2Q 2020)

Lead Independent Director recently bought €43k worth of stock

Lead Independent Director recently bought €43k worth of stock

Upcoming dividend of US$0.24 per share

First quarter 2021 earnings released: EPS US$0.64 (vs US$0.30 in 1Q 2020)

Central Pacific Financial Corp. Reports Net Charge-Offs for the First Quarter Ended March 31, 2021

Central Pacific Financial Corp., Annual General Meeting, Apr 29, 2021

Full year 2020 earnings released: EPS US$1.33 (vs US$2.05 in FY 2019)

New 90-day high: €18.40

Upcoming Dividend of US$0.23 Per Share