CPF earnings analysis
What we found in CPF's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Central Pacific Financial Corp. (CPF) reported a strong Q1 2026 with net income of $20.7 million and diluted EPS of $0.78, surpassing analyst expectations. However, revenue was lower than expected at $61.4 million, marking a notable decrease compared to the prior quarter and year. The company continues to show resilience with improvements in net interest income and efficiency ratio despite macroeconomic challenges.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- EPS Exceeds Estimates
- Diluted EPS came in at $0.78, above the consensus estimate of $0.74.
- Improved Net Interest Income
- Net interest income rose by $3.7 million compared to Q1 2025, contributing to increased profitability.
- Decreased Provision for Credit Losses
- Provision for credit losses decreased to $2.4 million from $4.2 million in Q1 2025.
- Efficiency Ratio Improvement
- Efficiency ratio improved to 59.87% from 61.16% year-over-year.
- Strong Loan Growth
- Total loans increased year-over-year, underlining continued demand.
- Share Repurchase Plan Authorized
- The board authorized a new repurchase plan allowing up to $55 million in share buybacks.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Revenue Miss
- Revenue for Q1 2026 was $61.4 million, significantly lower than the estimated $73.98 million.
- Increased Credit Risks
- Ongoing challenges in the economic landscape may lead to higher loan delinquencies and credit losses.
- Dependence on Tourism
- The firm remains vulnerable to tourism fluctuations due to potential geopolitical instability affecting travel demand.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.78
What they said about what is next.
No explicit forward guidance provided in the MD&A.
The filing reads about the same as the one before it.
What came before.
- 10-K · February 27, 2026
- Central Pacific Financial Corp. (CPF) reported a meaningful earnings inflection in 2025 driven by higher net interest income and stable noninterest income: net interest income increased to $240.9M and net income rose to…
- 10-Q · August 5, 2025
- Central Pacific Financial Corp. reported solid year-over-year revenue and earnings growth in Q2 2025: net interest income rose to $59.796M and diluted EPS increased to $0.67 (from $0.58). Operating profitability remains…
- 10-Q · April 30, 2025
- Central Pacific Financial Corp. reported stronger Q1 2025 profitability with net income of $17,760,000 and diluted EPS of $0.65, up from $12,945,000 and $0.48 in Q1 2024. Net interest income rose to $57,699,000 while…
- 10-Q · July 31, 2024
- Central Pacific Financial reported Q2 net interest income/revenue of $51,921,000 and diluted EPS of $0.58, beating consensus ($50.63M revenue, $0.47 EPS). Net income rose to $15,817,000 from $14,475,000 a year ago…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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