Central Pacific Financial Corporation Reports Q3 2026 Earnings Growth Driven by Margin Expansion
Central Pacific (CPF) reported strong third-quarter 2026 financial results, highlighted by a net income of $22.8 million and diluted earnings per share of $0.88, representing a 21% increase in adjusted year-over-year results. The growth was primarily driven by margin expansion and disciplined expense management, which improved the efficiency ratio to 58.3%. Net interest income rose to $64.5 million as higher earning asset yields pushed the net interest margin up to 3.62%. The bank's loan portfolio remained stable at $5.31 billion, with new production outstripping runoff. While total deposits saw a slight decrease due to reduced high-cost time deposits, the average deposit rate remained stable at 0.90%. Management also signaled confidence through an increased cash dividend of $0.31 per share and continued share repurchases, while maintaining a healthy loan-to-deposit ratio that provides capacity for future lending growth.
Tickers: $CPF
Topics: eps financial results loan production net income net interest margin