CPF

Earnings Release Announcement: Central Pacific Financial Corp. will announce its first quarter 2025 earnings on April 23, 2025, with a conference call and webcast scheduled for 2:00 p.m. Eastern Time.

Company Overview: Central Pacific Financial Corp., based in Hawaii, has approximately $7.47 billion in assets and operates 27 branches and 55 ATMs through its subsidiary, Central Pacific Bank.

ETF Analyst Target Prices: The Schwab US Dividend Equity ETF (SCHD) has an implied analyst target price of $30.51, indicating a potential upside of 19.94% from its current trading price of $25.44 per unit.

Individual Holdings Performance: Notable underlying holdings such as German American Bancorp Inc, Banner Corp., and Central Pacific Financial Corp show significant upside potential based on analysts' target prices, with expected increases ranging from 22.46% to 27.36%.

Conference Call Announcement: Central Pacific Financial Corp. will hold a conference call on April 23, 2025, at 2:00 PM ET to discuss its Q1 earnings results.

Access Information: The live webcast can be accessed online, and listeners can join the call by dialing a specific number with a provided conference ID.

First Quarter Profit Increase: Central Pacific Financial Corp. reported a profit of $17.8 million for the first quarter, up from $12.9 million in the same period last year, translating to earnings per share of $0.65 compared to $0.48 previously.

Revenue Growth: The company's revenue rose by 12.1% to $68.8 million, increasing from $61.4 million in the prior year.

Top Stock Picks: Three stocks with strong income characteristics and buy rankings are highlighted: Central Pacific Financial Corp. (CPF) with a 3.9% dividend yield, HBT Financial, Inc. (HBT) at 3.5%, and Molson Coors Beverage Company (TAP) at 3.2%, all showing positive earnings estimates growth over the last 60 days.

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Conference Call Announcement: Central Pacific Financial Corp. will hold a conference call on January 29, 2025, at 1:00 PM ET to discuss its Q4 24 earnings results.

Access Information: The live webcast can be accessed via their website, and listeners can join the call by dialing 1-800-715-9871 with the conference ID 6299769; a replay is also available.

Fourth Quarter Earnings Decline: Central Pacific Financial Corp. reported a profit of $11.345 million for the fourth quarter, down from $14.866 million last year, with revenue falling 11.9% to $58.398 million.

Share Repurchase and Dividend Increase: The company authorized a new share repurchase program worth $30 million and declared a quarterly cash dividend of $0.27 per share, reflecting a 3.8% increase from the previous quarter.

Appointment Announcement: Central Pacific Financial Corp. has appointed Diane Paloma, PhD, as a new member of the Board of Directors for both CPF and Central Pacific Bank, effective January 28, 2025. Dr. Paloma is currently the President and CEO of Hawaii Dental Service and has extensive experience in healthcare leadership.

Community Involvement: Dr. Paloma is actively involved in the community, serving on various boards and receiving multiple accolades for her contributions, including recognition as a Woman of Distinction by the Girl Scouts of Hawaii.

Earnings Release Announcement: Central Pacific Financial Corp. will announce its fourth quarter 2024 earnings on January 29, 2025, with a conference call and webcast scheduled for 1:00 p.m. Eastern Time.

Company Overview: Central Pacific Financial Corp., based in Hawaii, has approximately $7.42 billion in assets and operates 27 branches and 56 ATMs through its primary subsidiary, Central Pacific Bank.

Upcoming Bank Mergers: A quiet period for bank mergers is expected to end as dealmaking activity is projected to increase in 2025.

Pressure on Smaller Banks: Banks with assets of $10 billion or less may face significant pressure to merge among the largest U.S. banks.

U.S. Stock Market Trends: U.S. stock futures are down, with Dow futures dropping over 100 points; Intuit Inc's shares fell 5.7% despite reporting strong first-quarter earnings due to a weak forecast for the next quarter.

Other Stocks Performance: Several stocks experienced declines in pre-market trading, including AirSculpt Technologies (-11.5%), Carter Bankshares (-10.6%), and Reddit (-7.3%) as Advance Magazine Publishers plans to sell a significant stake in Reddit.

Conference Call Announcement: Central Pacific Financial Corp. (CPF) will hold a conference call on October 30, 2024, at 1:00 PM ET to discuss its Q3 24 earnings results.

Access Information: The live webcast can be accessed online, and listeners can join the call by dialing a specific number with a conference ID for both live participation and replay.

Quarterly Dividend Announcement: Central Pacific Financial declares a quarterly dividend of $0.26 per share, maintaining the same rate as previous quarters, with a forward yield of 3.72%.

Earnings Outlook and Rating: The company's positive earnings outlook appears to be priced in, leading to a downgrade to a "Hold" rating by Seeking Alpha’s Quant.

Financial Performance: Central Pacific Financial Corp. reported a net income of $13.31 million for Q3, slightly up from $13.14 million in the same quarter last year, with adjusted earnings at $15.7 million or $0.58 per share after accounting for strategic evaluation expenses.

Dividend Announcement: The company's Board declared a quarterly dividend of $0.26 per share, set to be paid on December 16 to shareholders recorded by November 29.

Earnings Performance: Bank of Hawaii reported quarterly earnings of $0.93 per share, exceeding expectations but down from $1.17 a year ago. The company also posted revenues of $162.73 million, slightly above estimates but lower than the previous year's revenue.

Market Outlook: Despite beating earnings estimates, Bank of Hawaii's stock has underperformed this year, and current estimate revisions are unfavorable, leading to a Zacks Rank #4 (Sell). Investors should monitor future earnings outlooks and industry performance for potential impacts on the stock.

Earnings Performance: First Hawaiian (FHB) reported quarterly earnings of $0.48 per share, exceeding expectations and showing a slight increase from the previous year, while revenues also surpassed estimates at $210 million.

Market Outlook: Despite recent earnings success, FHB shares have underperformed compared to the S&P 500 this year, with a mixed earnings outlook leading to a Zacks Rank #3 (Hold), indicating expected performance in line with the market.

Central Pacific Financial Stock Performance: Central Pacific Financial (CPF) shares rose 6.2% to $29.51, reaching a new 52-week high, driven by positive investor sentiment following a Federal Reserve interest rate cut and expectations of improved loan demand and profitability.

Earnings Expectations and Market Position: CPF is projected to report quarterly earnings of $0.56 per share, reflecting a 14.3% year-over-year increase, while its consensus EPS estimate has remained stable, indicating potential for continued stock strength; it currently holds a Zacks Rank #1 (Strong Buy).

New Appointment: Ralph Mesick has been appointed as the Senior Executive Vice President and Chief Risk Officer at Central Pacific Bank, bringing nearly 40 years of banking experience to the role.

Focus on Risk Management: Mesick will oversee key risk functions and help the bank navigate increasing regulatory oversight, emphasizing the importance of community service in his new position.

Financial Performance: Central Pacific Financial Corp. reported a net income of $15.82 million for Q2, an increase from $14.48 million a year ago, despite a decrease in net interest income to $51.92 million.

Corporate Changes: The company declared a quarterly dividend of $0.26 per share and appointed Arnold Martines as the new Chairman of the Board, succeeding Catherine Ngo.