Stock Analysis
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- NYSE:CPF
Central Pacific Financial First Quarter 2024 Earnings: EPS Beats Expectations
Central Pacific Financial (NYSE:CPF) First Quarter 2024 Results
Key Financial Results
- 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.
- EPS: US$0.48 (down from US$0.60 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Central Pacific Financial EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.7%.
Looking ahead, revenue is forecast to grow 6.7% p.a. on average during the next 2 years, compared to a 6.0% growth forecast for the Banks industry in the US.
Performance of the American Banks industry.
The company's shares are up 4.3% from a week ago.
Balance Sheet Analysis
While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. See our latest analysis on Central Pacific Financial's balance sheet health.
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About NYSE:CPF
Central Pacific Financial
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.
Flawless balance sheet established dividend payer.