CPB (NYSE:CPF) Announces Quarterly Earnings Results

CPB (NYSE:CPF) released its quarterly earnings data on Wednesday. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.03, FiscalAI reports. CPB had a return on equity of 14.20% and a net margin of 22.52%. The firm had revenue of $76.83 million for the quarter, compared to analyst estimates of $77.27 million.

Here are the key takeaways from CPB’s conference call:

• Third-quarter profitability improved: Net income rose to $22.8 million, or $0.88 per diluted share, up 21% year over year on higher net interest income, a five-basis-point sequential expansion in net interest margin to 3.62%, and better expense control.
• Funding and capital management remained supportive: Core deposits increased as higher-cost time deposits declined, the efficiency ratio improved to 58.3%, and the company repurchased approximately 294,000 shares while raising its quarterly dividend 3.3% to $0.31 per share.
• Loan economics and potential growth are improving: New loan production carried a 6.26% weighted-average rate versus 5.72% on runoff balances, and the company reported $224 million of scheduled fourth-quarter pipeline opportunities, though management cautioned that actual closings may vary.
• Credit quality strengthened: Nonperforming assets fell to 19 basis points of total assets and criticized loans declined to 181 basis points of total loans, while net charge-offs remained low at 20 basis points of average loans.
• Some earnings headwinds remain: Other operating income declined primarily because of lower bank-owned life insurance income amid market volatility, residential mortgage production remains pressured by elevated rates, and management expects deposit costs to rise modestly if loan growth accelerates.

CPB Price Performance

Shares of NYSE CPF opened at $37.96 on Thursday. The firm has a market cap of $977.36 million, a P/E ratio of 12.17 and a beta of 0.87. The business’s 50 day moving average is $37.00 and its 200-day moving average is $35.33. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.13. CPB has a 1-year low of $28.09 and a 1-year high of $40.99.

CPB Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 30th will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.3%. This is an increase from CPB’s previous quarterly dividend of $0.30. The ex-dividend date is Monday, November 30th. CPB’s dividend payout ratio is 38.46%.

Analyst Ratings Changes

CPF has been the subject of several research analyst reports. Weiss Ratings upgraded CPB from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Tuesday. Zacks Research cut CPB from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 26th. Hovde Group began coverage on CPB in a report on Friday, October 2nd. They set a “market perform” rating and a $38.00 price target for the company. Finally, Benchmark assumed coverage on shares of CPB in a research report on Thursday, July 9th. They set a “buy” rating and a $44.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, CPB currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.00.

CPB News Summary

Here are the key news stories impacting CPB this week:

• Positive Sentiment: Quarterly earnings beat estimates: CPF reported diluted EPS of $0.88, up from $0.69 a year ago and ahead of analyst estimates ranging from $0.85 to $0.87. Third-quarter net income increased to $22.8 million from $20.8 million in the prior quarter and $18.6 million a year earlier. Central Pacific Financial Reports Third Quarter 2026 Earnings
• Positive Sentiment: Core banking performance improved: Net interest income rose to $64.5 million, while net interest margin expanded five basis points sequentially to 3.62%. Operating expenses declined to $44.8 million, helping the efficiency ratio improve to 58.27% from 59.62%. Diluted EPS rose 21% year over year. Central Pacific Financial: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Dividend increased: The company raised its quarterly cash dividend 3.3% to $0.31 per share, equivalent to $1.24 annually and a yield of approximately 3.3%. The dividend is payable December 15 to shareholders of record November 30. Central Pacific Financial boosts dividend after strong quarter
• Positive Sentiment: Capital return continued: CPF repurchased 294,110 shares for $11.2 million during the quarter, potentially supporting per-share results and signaling management confidence in the valuation.
• Neutral Sentiment: Assets declined $51.5 million sequentially to $7.45 billion, while deposits fell $31.9 million from the prior quarter, although deposits remained higher year over year. Nonperforming assets stayed low at 0.19% of total assets.
• Neutral Sentiment: Revenue of $76.83 million was slightly below the $77.27 million consensus estimate, partially offsetting the earnings beat.

About CPB

Central Pacific Financial Corp. is the bank holding company for Central Pacific Bank, a community-focused financial institution headquartered in Honolulu, Hawaii. Central Pacific Bank serves consumers, businesses, nonprofit organizations and government entities, with a focus on customers throughout the Hawaiian Islands.

The bank provides a range of financial products and services, including checking and savings accounts, certificates of deposit, consumer lending, residential mortgages, commercial and small-business loans, commercial real estate financing, and treasury management services.