Every material Form 8-K Central Pacific Financial filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Paul K. Yonamine resigned from the boards of Central Pacific Financial Corp. and its subsidiary Central Pacific Bank, effective November 6, 2025, citing personal reasons and no disagreement with the company. He had served as a director since 2017, so the filing reports a board departure rather than a change in company operations.
Paul K. Yonamine resigned from the Company's Board of Directors and the Bank's Board of Directors, effective November 6, 2025.
Yonamine had served as a director of the Company and the Bank since 2017.
The filing states the resignation is due to personal reasons and not a disagreement with the Company or the Bank on any matter.
Central Pacific Financial reported third-quarter 2025 net income of $18.6 million, or $0.69 per diluted share, up from $0.67 in the prior quarter and $0.49 a year earlier. Results included $1.5 million in pre-tax expenses tied to consolidating its operations center; excluding that item, adjusted EPS was $0.73 (non-GAAP). The board raised the quarterly dividend to $0.28 per share from $0.27, and the company plans to redeem $55.0 million of subordinated notes on November 1, 2025.
Net income $18.6 million, or $0.69 per diluted share, versus $18.3 million, or $0.67, in Q2 2025 and $13.3 million, or $0.49, in Q3 2024
Net interest margin 3.49%, up 5 basis points from the prior quarter; net interest income $61.3 million
Quarterly cash dividend raised to $0.28 per share from $0.27, payable December 15, 2025, to holders of record as of November 28, 2025
Redemption of $55.0 million in 4.75% subordinated notes at par on the November 1, 2025 call date
Director A. Catherine Ngo resigned from the boards of Central Pacific Financial Corp. and its subsidiary Central Pacific Bank, effective October 1, 2025, citing personal reasons and no disagreement with the company or bank. She had served as a director of both since 2015, and the filing does not name a replacement.
Ngo notified the company and bank on September 30, 2025 of her resignation from both boards, effective October 1, 2025.
She had served as a director of the company and the bank since 2015.
The filing states the resignation is due to personal reasons and not to any disagreement with the company or bank.
Effective September 1, 2025, Central Pacific Financial Corp. said Anna Hu, Diane Murakami and Kisan Jo will no longer be designated executive officers under SEC rules, as part of a realignment of company officers. All three will keep their current titles at Central Pacific Bank and remain on the bank's Managing Committee, so their roles are unchanged.
Effective date: September 1, 2025
Anna Hu (EVP, Chief Credit Officer), Diane Murakami (EVP, Commercial Markets) and Kisan Jo (EVP, Retail & Wealth Markets) lose executive officer and Section 16 officer status
All three keep their titles at Central Pacific Bank and remain on the bank's Managing Committee
Central Pacific Financial Corp. reported second-quarter 2025 net income of $18.3 million, or $0.67 per diluted share, up from $17.8 million, or $0.65, in the first quarter and $15.8 million, or $0.58, a year earlier. The board also declared a $0.27 quarterly dividend and adopted amended bylaws effective July 24, 2025, which change shareholder meeting and nomination procedures.
Net income $18.3 million, or $0.67 diluted EPS, versus $17.8 million, or $0.65, in Q1 2025 and $15.8 million, or $0.58, in Q2 2024
Net interest margin rose 13 basis points to 3.44% from 3.31% in the prior quarter; efficiency ratio improved to 60.36% from 61.16%
Provision for credit losses was $5.0 million; net charge-offs were $4.7 million, including a $2.0 million full charge-off of a commercial and industrial loan
Quarterly dividend of $0.27 per share payable September 15, 2025 to holders of record on August 29, 2025
Central Pacific Financial Corp. reported first-quarter 2025 net income of $17.8 million, or $0.65 per diluted share, up from $11.3 million in the prior quarter, which included a $9.9 million pre-tax securities loss, and up from $12.9 million a year earlier. Net interest margin rose to 3.31%, and the board declared a $0.27 per share quarterly dividend. Total deposits fell $48.0 million from the prior quarter.
Net income of $17.8 million, or $0.65 per diluted share, for Q1 2025, versus $11.3 million ($0.42 per share) in Q4 2024 and $12.9 million ($0.48 per share) in Q1 2024.
Net interest margin of 3.31%, up 14 basis points from 3.17% in Q4 2024; net interest income of $57.7 million.
Total deposits of $6.60 billion, down $48.0 million from December 31, 2024.
Board declared a quarterly cash dividend of $0.27 per share, payable June 16, 2025, to holders of record on May 30, 2025.
Central Pacific Financial Corp. said its Boards approved, effective March 1, 2025, the promotion of David Morimoto, the current Chief Financial Officer, to Vice Chairman and Chief Operating Officer, and of Dayna Matsumoto, Director of Finance and Accounting, to Executive Vice President and Chief Financial Officer. The change moves the company's top finance role to a new executive and sets new pay terms for both, which shareholders may want to track in future filings.
David Morimoto, age 57, becomes Vice Chairman and COO effective March 1, 2025; he has been CFO since July 2015 and joined the company in 1991. His base salary will be $525,000, with a target incentive of 75% of salary and a maximum of 150%.
Dayna Matsumoto, age 43, becomes EVP and CFO effective March 1, 2025; she has been Director of Finance and Accounting since 2023 and joined the company in 2006. Her base salary will be $362,000, with a target incentive of 50% of salary and
The filing discloses that Matsumoto's husband, Patrick Matsumoto, is a Vice President and Commercial Real Estate Manager at the Bank, with total 2024 compensation of approximately $177,000.
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.
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
Central Pacific Financial Corp. appointed Dr. Diane S.L. Paloma, President and CEO of Hawaii Dental Service (HDS), to the boards of the company and Central Pacific Bank, effective January 28, 2025, and increased both boards to twelve directors. The filing also discloses that the bank paid approximately $390,000 to HDS in 2024 for its employee dental plan, and states that Dr. Paloma has no involvement in the bank's negotiation of that plan.
Dr. Diane S.L. Paloma appointed to both boards effective January 28, 2025; board size increased to twelve directors
Annual retainer of $125,000 for serving on both boards, consistent with other non-employee directors who do not chair committees
Dr. Paloma to serve on the Bank's Board Trust Committee
Bank paid approximately $390,000 to HDS in 2024 for its employee dental plan
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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Central Pacific Financial filing is on SEC EDGAR ↗. 8-K briefs of other companies →