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AI brief of an SEC Form 8-K · Central Pacific Financial (CPF)

Central Pacific Q4 net income falls to $11.3 million; $9.9 million securities loss

Mixed Impact 3 of 5 earnings Written later

Central Pacific Financial reported fourth-quarter 2024 net income of $11.3 million, or $0.42 per diluted share, down from $13.3 million, or $0.49, in the third quarter and $14.9 million, or $0.55, a year earlier. Results were hit by a $9.9 million pre-tax loss from an investment securities repositioning, and the board raised the quarterly dividend 3.8% to $0.27 per share and authorized a new buyback of up to $30 million for 2025.

Key points

  • Q4 2024 net income $11.3 million, $0.42 per diluted share; full-year 2024 net income $53.4 million, $1.97 per share, versus $58.7 million and $2.17 in 2023
  • Pre-tax loss of $9.9 million on sale of lower-yielding securities; company estimates the reinvestment will add $2.7 million to annual net interest income
  • Net interest margin rose 10 basis points to 3.17%; company reported adjusted Q4 EPS of $0.70 (non-GAAP)
  • Board approved quarterly dividend of $0.27 per share, payable March 17, 2025, and a share repurchase program of up to $30 million

The filing

CompanyCentral Pacific Financial (CPF)
Form8-K, current report
Filed with the SECJan 29, 2025, 6:15 AM ET
Accession number0000701347-25-000005

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

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 January 29, 2025.

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.