Central Pacific Financial Corp. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 25, 2023 at 11:25 am
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Central Pacific Financial Corp. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net interest income was USD 51.93 million compared to USD 55.37 million a year ago. Net income was USD 13.14 million compared to USD 16.72 million a year ago. Basic earnings per share from continuing operations was USD 0.49 compared to USD 0.61 a year ago. Diluted earnings per share from continuing operations was USD 0.49 compared to USD 0.61 a year ago.
For the nine months, net interest income was USD 158.86 million compared to USD 159.28 million a year ago. Net income was USD 43.8 million compared to USD 53.75 million a year ago. Basic earnings per share from continuing operations was USD 1.62 compared to USD 1.96 a year ago. Diluted earnings per share from continuing operations was USD 1.62 compared to USD 1.94 a year ago.
Central Pacific Financial Corp. is the bank holding company of Central Pacific Bank (the Bank). The Bank is engaged in offering traditional deposit and lending products and services to consumer and business customers, such as accepting demand, money market, savings and time deposits, originating loans, including commercial loans, construction loans, commercial real estate loans, residential mortgage loans, and consumer loans and fiduciary and investment management services. Its investment securities portfolio includes mortgage-backed securities (MBS), other debt securities and equity securities. Its MBS portfolio comprises residential MBS issued by United States government entities and agencies. It offers wealth management products and services, such as non-deposit investment products, annuities, investment management, asset custody and general consultation and planning services. The Bank has over 27 bank branches and 58 ATMs located throughout the State of Hawaii.
Central Pacific Financial Corp. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
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