Central Pacific Financial Corp. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2018
January 30, 2019 at 11:00 am
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Central Pacific Financial Corp. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2018. For the quarter, the company reported net interest income of $44,679,000 compared to $42,824,000 a year ago. Net income was $15,792,000 compared to $4,288,000 a year ago. Basic earnings per share was $0.54 compared to $0.14 a year ago.
For the full year, the company reported net interest income of $172,998,000 compared to $167,703,000 a year ago. Net income was $59,486,000 compared to $41,204,000 a year ago. Basic earnings per share was $2.02 compared to $1.36 a year ago. Diluted earnings per share was $2.01 compared to $1.34 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. 
