Central Pacific reports Q4 adjusted EPS 70c, consensus 62c

Reports Q4 book value per share $19.89. Reports Q4 CET1 capital ratio 9.4%. Reports Q4 net charge-offs .29%. “2024 was a solid year for Central Pacific (CPF) Bank and we would like to send a sincere thank you to our valued customers and all the communities we serve. Key contributors to our success in 2024 included strong NIM expansion and core deposit growth, along with very healthy levels of liquidity, asset quality and capital,” said Arnold Martines, Chairman, President and Chief Executive Officer. “We are proud to be recognized once again as one of America’s Best Regional Banks by Newsweek, one of the Best in State Banks by Forbes, and the Best Bank in Hawaii by readers of the Honolulu Star Advertiser. It is a testament to the hard work and exceptional customer service all of our employees consistently demonstrate. In 2025, we will continue to execute upon our strategies and build upon the success we’ve had in 2024.”