What are the net income results for Central Pacific Financial Corp. (NYSE:CPF) this quarter?

Central Pacific Financial Corp. (NYSE:CPF) reported a net income of $20.8 million, or $0.80 per diluted share, for the second quarter of 2026. This represents a solid increase from the $18.3 million generated during the same period last year.

Why did Central Pacific Financial Corp. (NYSE:CPF) report a higher net interest margin?

Central Pacific Financial Corp. (NYSE:CPF) reported a higher net interest margin of 3.57% because of increased average balances and higher yields earned on loans and investment securities. The company stated this was combined with a decline in average rates paid on interest-bearing deposits.

How is Central Pacific Financial Corp. (NYSE:CPF) managing its share repurchase program?

Central Pacific Financial Corp. (NYSE:CPF) spent $11.3 million to repurchase 321,858 shares of common stock during the second quarter. The company stated it still has $33.2 million remaining under its current share repurchase authorization.

What does the new dividend announcement mean for Central Pacific Financial Corp. (NYSE:CPF) shareholders?

Central Pacific Financial Corp. (NYSE:CPF) increased its third-quarter cash dividend by 3.4% to $0.30 per share. The company stated this dividend will be payable on September 15, 2026, to shareholders of record as of August 31, 2026.

Why did Central Pacific Financial Corp. (NYSE:CPF) record an increase in other operating expenses?

Central Pacific Financial Corp. (NYSE:CPF) recorded $46.2 million in other operating expenses due to higher salaries and employee benefits. The company attributed the $2.3 million expense increase to higher deferred compensation and incentive accruals tied to favorable equity market performance.

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Central Pacific Financial announces $20.8M Q2 net income

Written by Isaac FrancisPublished Jul 24, 2026, 10:45 AM

Central Pacific Financial Corp. generated $20.8 million in net income for the second quarter of 2026.
The company increased its quarterly cash dividend by 3.4% to $0.30 per share and repurchased $11.3 million in common stock.
Executives stated the bank's robust capital position will support ongoing organic growth while continuously returning value to shareholders.

Central Pacific Financial (NYSE:CPF) generated $20.8 million in net income during the second quarter of 2026 following higher average balances and yields.

This outcome represents an earnings increase compared to the $18.3 million reported during the second quarter of 2025.

The company declared a 3.4% increase to its third-quarter cash dividend to reach $0.30 per share, while simultaneously recording a $4.4 million provision for credit losses.

The bank expects its robust capital position to support ongoing organic growth initiatives.

The bank also maintained total assets of $7.50 billion for the period, while total deposits reached $6.70 billion after growing by $150.8 million year-over-year.

Meanwhile, company also repurchased 321,858 shares of common stock for $11.3 million, which leaves $33.2 million available under its current share repurchase authorization.

Central Pacific Financial announces $20.8M Q2 net income

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