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 of the Bank
David S. Morimoto
Chief Financial Officer, Executive Vice President, Treasurer
Glenn K C Ching
Executive Vice President, Chief Legal Officer and Division Manager of Risk Management, Corporate Secretary
Blenn A. Fujimoto
Executive Vice President, Consumer Lending and Wealth Management
David William Hudson
Executive Vice President - Community Banking Manager of the Company and the Bank
Arnold D Martines
Executive Vice President, Commercial Markets Division Manager
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 fiscal year ended 31 December 2019, Central Pacific Financial Corp. interest income increased 9% to $216.4M. Net interest income after loan loss provision increased 2% to $177.8M. Net income before extraordinary items increased 1% to $58.3M. Net interest income after loan loss provision reflects Banking Operations segment increase of 17% to $178M, Net Interest Margin, Total -% increase of 4% to 3.35%, Net Interest Spread.
Employees: 759 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $737.26M as of Dec 31, 2019
Annual revenue (TTM): $216.38M as of Dec 31, 2019
EBITDA (TTM): $94.89M as of Dec 31, 2019
Net annual income (TTM): $58.32M as of Dec 31, 2019
Free cash flow (TTM): $39.29M as of Dec 31, 2019
Net Debt Last Fiscal Year: $23.13M as of Dec 31, 2019
Shares outstanding: 28,531,087 as of Jan 31, 2020
Index Membership: S&P 600 Small Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization