CENTRAL PACIFIC FINANCIAL CORP
For the period ended Dec 31, 2025. Filed Feb 27, 2026.
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FY2025 · Filed Feb 27, 2026
CPF$39.11+0.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Income
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| (Dollars in thousands, except per share data) | |||
| Interest and dividend income: | |||
| Loans, including fees | $263,906 | $258,192 | $243,315 |
| Taxable investment securities | 38,849 | 33,278 | 28,789 |
| Tax-exempt investment securities | 2,822 | 2,527 | 2,912 |
| Dividend income on investment securities | — | — | — |
| Deposits in other financial institutions | 7,096 | 11,593 | 7,163 |
| Dividend income on FRB and FHLB stock | 1,489 | 509 | 478 |
| Total interest income | 314,162 | 306,099 | 282,657 |
| Interest expense: | |||
| Deposits: | |||
| Demand | 1,826 | 2,159 | 1,701 |
| Savings and money market | 34,178 | 37,043 | 21,979 |
| Time | 30,132 | 46,084 | 39,205 |
| Short-term borrowings | — | 1 | 1,139 |
| Long-term debt | 7,143 | 9,079 | 8,633 |
| Total interest expense | 73,279 | 94,366 | 72,657 |
| Net interest income | 240,883 | 211,733 | 210,000 |
| Provision (credit) for credit losses | 15,712 | 9,826 | 15,698 |
| Net interest income after provision for credit losses | 225,171 | 201,907 | 194,302 |
| Other operating income: | |||
| Mortgage banking income | 3,485 | 3,388 | 2,592 |
| Service charges on deposit accounts | 9,024 | 8,656 | 8,753 |
| Other service charges and fees | 23,765 | 22,553 | 20,531 |
| Income from fiduciary activities | 6,201 | 5,761 | 4,895 |
| Income from bank-owned life insurance | 7,452 | 6,619 | 4,870 |
| Net (loss) gain on sales of investment securities | (30) | (9,934) | (2,074) |
| Other | 1,920 | 1,680 | 7,096 |
| Total other operating income | 51,817 | 38,723 | 46,663 |
| Other operating expense: | |||
| Salaries and employee benefits | 93,754 | 85,941 | 82,050 |
| Net occupancy | 17,675 | 18,001 | 18,185 |
| Computer software | 20,627 | 18,015 | 17,726 |
| Legal and professional services | 11,218 | 9,790 | 9,959 |
| Equipment | 3,724 | 3,881 | 3,958 |
| Advertising | 3,392 | 3,615 | 3,888 |
| Communication | 3,220 | 3,177 | 3,010 |
| Other | 25,097 | 30,171 | 25,367 |
| Total other operating expense | 178,707 | 172,591 | 164,143 |
| Income before income taxes | 98,281 | 68,039 | 76,822 |
| Income tax expense | 20,801 | 14,627 | 18,153 |
| Net income | $77,480 | $53,412 | $58,669 |
| Per common share data: | |||
| Basic earnings per share | $2.88 | $1.97 | $2.17 |
| Diluted earnings per share | 2.86 | 1.97 | 2.17 |
| Cash dividends declared | 1.09 | 1.04 | 1.04 |
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