Central Pacific Financial Forecasts 4%-6% Full-Year Net Interest Income Growth
Central Pacific Financial Corp (NYSE: CPF) expects its full-year net interest income to grow by 4% to 6%. The company also aims to maintain a stable net interest margin in the high 3.50s range for the year. Chairman, President & CEO Arnold Martines described Q2 as 'a strong second quarter,' noting growth in average earning assets and a stable core funding base. This performance supports the firm's outlook of continued expansion while managing its NIM effectively. The forecast reflects confidence in maintaining profitability amid evolving market conditions.
Tickers: $CPF