Central Pacific reports Q3 adjusted EPS 73c, consensus 74c

Net interest margin of 3.49%, increased by 5 bps from 3.44% in the prior quarter. “Central Pacific (CPF) delivered another strong quarter, highlighted by continued margin expansion, solid earnings, and growth in both loans and deposits,” said Arnold Martines, Chairman, President and CEO. “Our net interest margin increased to 3.49%, reflecting disciplined balance sheet management and improved asset yields. With our strong earnings and capital position, in the fourth quarter we will redeem our subordinated debt and increase our quarterly cash dividend. Additionally, our new partnership with Kyoto Shinkin Bank marks an exciting step forward in deepening Hawaii-Japan business ties and expanding our international reach. These achievements reflect our continued positive momentum and commitment to providing exceptional service to our customers, and delivering long-term value to our shareholders.”