Central Pacific Financial Corp.
- Open
- 37.91
- Day high
- 38.21
- Day low
- 37.44
- Prev close
- 37.70
- Volume
- 121K
- Mkt cap
- $997M
- P/E (TTM)
- 12.6
- EPS (TTM)
- $3.02
- P/B
- 1.7
- P/S
- 2.7
- Yield
- 2.96%
- Per share
- $1.13
Central Pacific Financial Corp. (CPF) is a Financial Services company listed on NYSE. The stock is up 33% over the past year. Drillr has 1 published research article covering CPF.
Central Pacific Financial Corp. (CPF) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 2 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
CPF earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 29, 2026 | $0.74 | $0.78 | +5.4% | $73M | -1.8% |
| Jan 28, 2026 | $0.73 | $0.85 | +16.4% | $76M | +2.9% |
| Oct 29, 2025 | $0.74 | $0.73 | -1.4% | $74M | -2.3% |
| Jul 25, 2025 | $0.70 | $0.67 | -4.3% | $72M | -4.0% |
| Apr 23, 2025 | $0.63 | $0.65 | +3.2% | $68M | -5.8% |
| Jan 29, 2025 | $0.61 | $0.70 | +14.8% | $58M | -1.8% |
| Oct 30, 2024 | $0.56 | $0.49 | -12.5% | $65M | +22.7% |
| Jul 31, 2024 | $0.48 | $0.58 | +20.8% | $63M | +23.8% |
| Jan 31, 2024 | $0.48 | $0.55 | +14.6% | $61M | +19.5% |
| Oct 25, 2023 | $0.52 | $0.49 | -5.8% | $60M | +16.7% |
| Jul 26, 2023 | $0.54 | $0.53 | -1.9% | $62M | +15.9% |
| Jan 25, 2023 | $0.60 | $0.74 | +23.3% | $72M | +7.2% |
CPF insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| May 18, 2026 | Paloma Diane S.L.director | Grant | 2,080 | $33.65 |
| May 18, 2026 | Rose Crystaldirector | Grant | 1,857 | — |
| May 18, 2026 | KOSASA PAULdirector | Grant | 1,857 | $33.65 |
| May 18, 2026 | Nobriga Robertdirector | Grant | 2,303 | $33.65 |
| May 18, 2026 | Lutes Christopherdirector | Grant | 2,080 | $33.65 |
| May 18, 2026 | Kindred Jonathan Bdirector | Grant | 2,228 | $33.65 |
| May 18, 2026 | FRY EARL Edirector | Grant | 2,117 | — |
| May 18, 2026 | Ota Saedene Kdirector | Grant | 2,117 | — |
| May 18, 2026 | Fujimoto Jasondirector | Grant | 1,857 | $33.65 |
| Feb 24, 2026 | Matsumoto Dayna Nofficer: EVP, CFO | Tax | 340 | $34.38 |
| Feb 24, 2026 | Martines Arnold Dofficer: Chairman, President & CEO | Tax | 6,324 | $34.38 |
| Feb 24, 2026 | Martines Arnold Dofficer: Chairman, President & CEO | Grant | 13,384 | — |
| Feb 24, 2026 | Matsumoto Dayna Nofficer: EVP, CFO | Grant | 1,052 | — |
| Feb 24, 2026 | Morimoto Davidofficer: Vice Chairman & COO | Grant | 7,746 | — |
| Feb 24, 2026 | Morimoto Davidofficer: Vice Chairman & COO | Tax | 3,371 | $34.38 |
Source: CPF SEC Form 4 filings, latest May 18, 2026. For informational purposes only — not investment advice.
See the full CPF insider & 13F page →Central Pacific Financial Corp. company profile
Overview
Central Pacific Financial Corp. (NASDAQ:CPF) is a Hawaii-based financial services holding company founded in 1954 and headquartered in Honolulu. The company operates as the parent organization of Central Pacific Bank, which provides comprehensive commercial banking services primarily throughout the Hawaiian Islands. With its roots deeply embedded in Hawaii's local economy, Central Pacific has grown to become one of the state's prominent regional banks, serving businesses, professionals, and individual customers across the island chain. The company went public in 1987 and has maintained its focus on relationship-based banking while adapting to modern digital banking trends and selectively expanding its geographic footprint.
Business
Central Pacific Financial operates in the regional banking industry, providing traditional commercial banking services through its subsidiary Central Pacific Bank. The company serves as a financial intermediary, accepting deposits from customers and lending those funds to borrowers while earning a spread on the interest rates. The bank's core services include deposit products such as personal and business checking accounts, savings accounts, money market accounts, and certificates of deposit. These products allow customers to safely store their money while earning interest, and provide the bank with funding for its lending operations. On the lending side, Central Pacific offers commercial loans to businesses, commercial and residential mortgages for real estate purchases, construction loans for development projects, and consumer loans including home equity lines of credit. The bank particularly focuses on serving small and medium-sized businesses, real estate investors and developers, and local homebuyers. Beyond traditional banking, the company provides wealth management services including investment products, annuities, insurance, and financial planning. Additional services encompass digital banking platforms, cash management solutions, international banking services, foreign exchange, wire transfers, and trust services. The bank operates through approximately 30 branches and 69 ATMs concentrated in Hawaii, with the vast majority of its loan portfolio (approximately 90%) focused on the Hawaiian market. The company has been gradually reducing its mainland consumer lending portfolio, which represented about 5.7% of total loans as of recent reports, down from higher historical levels.
Revenue model
Central Pacific Financial generates revenue primarily through net interest income, which is the difference between interest earned on loans and investments and interest paid on deposits and borrowings. This traditional banking model depends on maintaining a positive spread between the rates charged to borrowers and the rates paid to depositors. The bank's customers include small and medium-sized businesses, real estate professionals, individual consumers, and government entities primarily in Hawaii. Commercial borrowers typically pay higher interest rates than residential mortgage borrowers, while deposit customers receive varying rates depending on account type and market conditions. Non-interest income contributes a smaller portion of total revenue, generated through fees for banking services, wealth management products, and transaction processing. This includes fees from deposit accounts, loan origination fees, and commissions from investment and insurance products. Several factors significantly impact the bank's profitability margins. Interest rate environments directly affect net interest margins - rising rates generally benefit banks by increasing loan yields faster than deposit costs, while falling rates can compress margins. The bank's deposit cost beta (the rate at which deposit costs rise relative to market rates) has historically been around 21-30%, indicating relatively stable funding costs. Credit quality represents another critical margin factor, as loan losses directly reduce profitability. Central Pacific has maintained strong credit metrics with nonperforming assets typically below 15 basis points of total assets. Operational efficiency, measured by the efficiency ratio (noninterest expenses divided by revenue), has ranged from 59-64%, indicating reasonable cost management. Competition from larger national banks and credit unions in Hawaii affects both loan pricing and deposit rates, while regulatory requirements impose compliance costs and capital constraints that impact returns.
Competitive moat
Central Pacific Financial's competitive moat is moderate and primarily geographic, stemming from its deep roots in Hawaii's unique and isolated market. The bank benefits from strong local relationships built over nearly 70 years of operation, extensive knowledge of Hawaii's economic dynamics, and an established branch network across the islands. Hawaii's geographic isolation creates natural barriers to entry for mainland competitors, as successful banking in the islands requires understanding of local business practices, regulatory environment, and cultural nuances. The bank's focus on relationship-based banking, particularly with small and medium-sized businesses, creates switching costs for customers who value personalized service and local decision-making. However, this moat faces several challenges. Large national banks like Bank of Hawaii and First Hawaiian Bank have significant scale advantages and can offer more competitive rates and broader service offerings. Digital banking trends reduce the importance of physical branch networks, potentially allowing fintech companies and online banks to compete more effectively. The bank's limited scale compared to larger regional and national banks constrains its ability to invest in technology, offer the lowest rates, or diversify geographically. Hawaii's small population (approximately 1.4 million) limits the total addressable market, while the state's high cost of living and regulatory environment create operational challenges. The moat is further weakened by concentration risk - the bank's heavy dependence on Hawaii's economy makes it vulnerable to local economic downturns, natural disasters, or tourism disruptions. While this concentration provides local expertise, it also limits diversification benefits that larger, more geographically dispersed banks enjoy.
Risks & safety
Central Pacific Financial demonstrates adequate financial safety with reasonable capitalization but notable concentration risks. • Capital and Solvency: Total risk-based capital ratio of 15.3% provides comfortable buffer above regulatory minimums. Tier 1 leverage ratio maintained between 8-10% target range. No significant solvency concerns. • Liquidity Position: Cash and short-term investments of $107 million as of Q1 2025, down from $381 million in Q4 2024. Strong deposit base provides stable funding, though deposit growth has been modest. • Profitability Metrics: Return on equity of 13.04% (Q1 2025) indicates solid profitability. Net interest margin of 3.31% shows improvement from previous quarters. Efficiency ratio of 61.2% suggests reasonable cost management. • Credit Quality: Nonperforming assets remain low at 0.14% of total assets. Allowance for credit losses at 1.15% of outstanding loans appears adequate. Net charge-offs of 27 basis points are manageable. • Valuation: Trading at P/E ratio of 10.3x and price-to-book of 1.31x, suggesting reasonable valuation relative to earnings and book value. • Key Risks: High concentration in Hawaii economy creates vulnerability to local economic shocks. Limited geographic diversification compared to larger regional banks. Modest loan growth trends may pressure future profitability.
Recent development
Central Pacific Financial has undergone significant strategic evolution over recent years, focusing on portfolio optimization and operational improvements. The bank has systematically reduced its mainland consumer lending portfolio from higher historical levels to approximately 5.7% of total loans, concentrating resources on its core Hawaiian market where it maintains competitive advantages. Leadership transitions have marked recent years, with Arnold Martines becoming President and CEO, while recent appointments include David Morimoto as Vice Chairman and Chief Operating Officer, and Dayna Matsumoto as Executive VP and Chief Financial Officer, signaling a focus on operational excellence and financial management. The company completed a significant investment portfolio repositioning in 2024, which is projected to increase annualized net interest income by $2.7 million. This strategic move demonstrates management's proactive approach to asset-liability management in changing interest rate environments. Digital banking initiatives have been a key focus, with the company previously developing a Banking-as-a-Service platform called Swell, though recent earnings calls suggest this initiative has been de-emphasized. The bank has continued investing in digital capabilities while maintaining its relationship-based banking model. Geographic expansion efforts include opening a new branch in Kahului, Maui, to strengthen the bank's presence across Hawaii's neighbor islands. The company became a Federal Reserve member bank effective January 2025, potentially providing additional operational benefits and regulatory flexibility. Capital management has become more active, with the board approving a new $30 million share repurchase authorization and increasing the quarterly dividend to $0.27 per share, reflecting confidence in the bank's financial position and cash generation capabilities.
CPF company profile · for informational purposes only — not investment advice.
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