Central Pacific Financial Q2 net income rises 22.2% to $15.8 million, EPS $0.58
Central Pacific Financial reported second-quarter 2024 net income of $15.8 million, or $0.58 per diluted share, up from $12.9 million, or $0.48, in the first quarter and up from $14.5 million, or $0.53, a year earlier. Net interest margin rose to 2.97% and net interest income increased 3.5% from the prior quarter, while total loans and deposits declined slightly. Shareholders also received notice of a $0.26 quarterly dividend, unchanged from the prior quarter.
Key points
- Net income of $15.8 million and diluted EPS of $0.58, versus $12.9 million and $0.48 in the first quarter of 2024
- Net interest margin of 2.97%, up 14 basis points from 2.83% in the first quarter
- Total loans of $5.38 billion, down $17.8 million from the prior quarter; total deposits of $6.58 billion, down $36.4 million
- Quarterly cash dividend of $0.26 per share payable September 16, 2024 to holders of record on August 30, 2024
The filing
Written by AI on Nov 8, 2026, 6:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 31, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.