Central Pacific Financial Q3 net income $13.3 million, down from $15.8 million in Q2
Central Pacific Financial Corp. reported third-quarter 2024 net income of $13.3 million, or $0.49 per diluted share, compared with $15.8 million, or $0.58 per share, in the second quarter and $13.1 million, or $0.49 per share, a year earlier. The results include $3.1 million in pre-tax expenses tied to a strategic opportunity that the company says is no longer under active discussion, and net interest income rose 3.7% from the prior quarter. Shareholders also received a $0.26 quarterly dividend declaration.
Key points
- Net income $13.3 million, or $0.49 diluted EPS, vs $15.8 million, or $0.58, in Q2 2024
- $3.1 million in pre-tax expenses related to a strategic opportunity; adjusted net income (non-GAAP) $15.7 million, or $0.58 per share
- Net interest margin 3.07%, up 10 basis points from 2.97% in Q2 2024
- Total loans $5.34 billion, down $41.0 million from June 30, 2024; quarterly dividend $0.26 per share payable December 16, 2024 to holders of record November 29, 2024
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:59 AM ET, from the text of the filing and its press-release exhibits 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 October 30, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.