Central Pacific Financial Reports 21% Increase in Q3 2026 Adjusted Earnings Per Share
Central Pacific Financial (CPF) reported strong third-quarter 2026 results, highlighted by a 21% year-over-year increase in adjusted diluted earnings per share. The bank's growth is being driven by an active shift in its loan mix, moving from lower-yielding fixed-rate residential mortgages toward higher-yielding variable-rate commercial and construction loans with average rates exceeding 6%. Management noted significant stability in their deposit base, citing a manageable deposit repricing beta of approximately 24%. This allows the bank to control funding costs effectively. Additionally, credit quality showed improvement as criticized loan ratios declined to 181 basis points, with 91% of those loans secured by real estate collateral, providing a buffer against potential losses.
Tickers: $CPF
Topics: asset quality deposit beta earnings per share loan mix net interest margin
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Part of the story Citizens Financial Services Reports Growth in Net Income and Interest Income for Q3 2026 (63 articles)