Central Pacific Financial Corp. (N:CPF)

Sector:  Financials Industry:  Banks
See Regulatory Filings on SEC
Company Contact
Address: 220 S KING ST
Tel: N/A
Website: https://www.centralpacificbank.com/About-CPB/Works-For-You/Overview.aspx
IR: See website
Key People
Paul K. Yonamine
Chairman of the Board, Chief Executive Officer
Agnes Catherine Ngo
President, Director of the Company and President and Chief Executive Officer
Colbert M. Matsumoto
Independent Vice Chairman of the Board of the Company and Bank
David S. Morimoto
Chief Financial Officer, Executive Vice President, Treasurer
Kevin V. Dahlstrom
Executive Vice President, Chief Marketing Officer of the Company and Bank
Blenn A. Fujimoto
Executive Vice President, Small Business and Wealth Markets
David William Hudson
Executive Vice President, Retail Markets, of the Company and the Bank
Arnold D Martines
Group Executive Vice President, Revenue
Business Overview
Central Pacific Financial Corp. is the bank holding company of Central Pacific Bank (the Bank). The Company's segments include Banking Operations, Treasury and All Others. The Banking Operations segment includes construction and real estate development lending, commercial lending, residential mortgage lending, consumer lending, trust services, retail brokerage services and its retail branch offices, which provide a range of deposit and loan products, as well as various other banking services. The Treasury segment is responsible for managing the Company's investment securities portfolio and wholesale funding activities. The All Others segment includes activities, such as electronic banking, data processing and management of Bank-owned properties. The Company also offers wealth management products and services, such as non-deposit investment products, annuities, insurance, investment management, asset custody, and general consultation and planning services.
Financial Overview
For the three months ended 31 March 2020, Central Pacific Financial Corp. interest income increased 1% to $53.8M. Net interest income after loan loss provision increased 9% to $47.8M. Net income decreased 48% to $8.3M. Net interest income after loan loss provision reflects Net Interest Margin, Total -% increase of 3% to 3.43%, Net Interest Spread, Total - % increase of 5% to 3.24%.
Employees: 759 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $453.96M as of Mar 31, 2020
Annual revenue (TTM): $217.06M as of Mar 31, 2020
EBITDA (TTM): $94.72M as of Mar 31, 2020
Net annual income (TTM): $50.61M as of Mar 31, 2020
Free cash flow (TTM): $39.38M as of Mar 31, 2020
Net Debt Last Fiscal Year: $19.58M as of Mar 31, 2020
Shares outstanding: 28,115,353 as of Apr 30, 2020
Index Membership: S&P 600 Small Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization