CENTRAL PACIFIC FINANCIAL CORP — Form 8-K
Filed July 24, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 42/100
What the filing says
Central Pacific Financial reported Q2 2026 net income of $20.8M ($0.80 diluted EPS), up slightly from $20.7M in Q1 2026 and $18.3M in Q2 2025. Board declared a 3.4% dividend increase to $0.30/share (from $0.29). The company repurchased 321,858 shares for $11.3M at $35.01/share; $33.2M remains authorized. NIM expanded 4 bps sequentially to 3.57% on higher loan/security yields; loan portfolio yields rose to 4.96%. Total assets stable at $7.50B; deposits flat at $6.70B. Asset quality remained sound: NPAs 0.22% of assets, ACL 1.14% of loans. Regulatory capital strong: CET1 12.7%, Leverage 9.7%.
Why this rating
Solid operational quarter with modest growth in earnings and NIM expansion. Shareholder returns (dividend + buyback totaling ~$19M) and capital strength are positive. However, earnings growth is minimal YoY/QoQ, deposit/loan balances flat, and absolute size modest relative to $736M market cap. Routine profitable banking execution, not transformational.
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