Central Pacific Financial Corp. Projects Q4 Net Interest Margin in Mid-3.60% Range Amid Rising Deposit Costs
Central Pacific Financial Corp. (CPF) reported solid third-quarter results, characterized by increased net interest income and disciplined expense management. CEO Arnold Martines attributed the performance to continued balance sheet strength despite a shifting economic landscape. Looking ahead to the fourth quarter, the company projects its net interest margin (NIM) will land in the mid-3.60% range. This guidance reflects the ongoing pressure of rising deposit costs, which continue to impact profitability margins for the regional lender.
Tickers: $CPF
Topics: Balance Sheet Strength Expense Management Net Interest Income Q3 Earnings