CPF Central Pacific Financial Corp.

Central Pacific Financial Corp. is a bank holding company, which engages in the provision of commercial banking services through its wholly owned subsidiary, Central Pacific Bank. It operates through the following segments: Banking Operations, Treasury, and All Others. The Banking Operations segment includes construction and real estate development lending, commercial lending, residential mortgage lending and servicing, indirect auto lending, trust services, and retail brokerage services. The Treasury segment involves in managing company's investment securities portfolio and wholesale funding activities. The All Others segment consists electronic banking, data processing, and management of bank owned properties. The company was founded on February 1, 1982 and is headquartered in Honolulu, HI.

Company profile

Ticker

CPF

Exchange

NYSE

Website

www.centralpacificbank.com

CEO

Paul K. Yonamine

Incorporated in

Hawaii

Location

Hawaii

Fiscal year end

Dec 31

Sector

Finance > Regional Banks

Industry (SEC)

State Commercial Banks

Bank Of New York Mellon • Citizens Financial • Northern Trust • M&T Bank • State Street • Ally Financial • Popular • First Citizens BancShares • East West Bancorp • Commerce Bancshares ...

Former names

CPB Inc

SEC CIK

0000701347

Corporate docs

Articles of Incorporation & Bylaws

IRS number

990212597

CPF stock data

S&P 500

1M 1Y 2Y 5Y

Investment data

Data from SEC filings

Securities sold

Number of investors

Calendar

5 May 20

11 Jul 20

31 Dec 20

News

Company financial data Financial data

Chart CPF financial data

Quarter (USD)	Mar 20	Dec 19	Sep 19	Jun 19
Revenue	6.57M	6.83M	6.78M	6.5M
Net income	8.33M	14.2M	14.55M	13.53M
Diluted EPS	0.29	0.5	0.51	0.47
Net profit margin	127%	208%	215%	208%
Net change in cash	-9.98M	7.77M	-3.51M	528K
Cash on hand	92.99M	102.97M	95.2M	98.71M

Annual (USD)	Dec 19	Dec 18	Dec 17	Dec 16
Revenue	25.89M	24.59M	182.56M	167.14M
Net income	58.32M	59.49M	41.2M	46.99M
Diluted EPS	2.03	2.01	1.34	1.5
Net profit margin	225%	242%	22.57%	28.12%
Net change in cash	786K	19.89M	-2.05M	4.15M
Cash on hand	102.97M	102.19M	82.29M	84.34M

Financial data from company earnings reports

Recent insider trades

CPF insider ownership history Insider history

Date	Owner	Security	Transaction	Code	10b5-1	$Price	#Shares	$Value	#Remaining
11 Jun 20	Kamitaki Wayne K	Common Stock	Buy	Aquire P	No	17.4411	1,800	31.39K	11,600
11 Jun 20	Ota Saedene K	Common Stock	Buy	Aquire P	No	17.4411	1,800	31.39K	15,000
11 Jun 20	Camp Christine H H	Common Stock	Buy	Aquire P	No	17.4411	1,800	31.39K	16,129
11 Jun 20	FRY Earl E	Common Stock	Buy	Aquire P	No	17.4411	1,500	26.16K	10,945
11 Jun 20	Rose Crystal	Common Stock	Buy	Aquire P	No	17.4411	1,900	33.14K	18,716

Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q1 2020

CPF institutional ownership history Ownership history

89.2% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	139	159	-12.6%
Opened positions	13	23	-43.5%
Closed positions	33	18	+83.3%
Increased positions	52	52	–
Reduced positions	48	53	-9.4%

13F shares	Current	Prev Q	Change
Total value	1.01B	1.77B	-42.9%
Total shares	25.54M	25.92M	-1.5%
Total puts	0	0
Total calls	0	0
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
BLK BlackRock	4.15M	$66.05M	-0.5%
Vanguard	3.05M	$48.54M	+1.1%
Renaissance Technologies	1.32M	$20.91M	+36.4%
Dimensional Fund Advisors	1.19M	$18.88M	-1.2%
STT State Street	1.07M	$16.98M	+6.9%
BK Bank Of New York Mellon	941.73K	$14.97M	-3.3%
JPM JPMorgan Chase & Co.	901.65K	$14.34M	+1.1%
IVZ Invesco	873.36K	$13.89M	+4.5%
WHG Westwood	829.98K	$13.2M	+9.7%
GS The Goldman Sachs Group, Inc.	822.45K	$13.08M	+10.5%

Largest transactions	Shares	Bought/sold	Change
Brown Advisory	0	-558.97K	EXIT
Russell Investments	666.65K	-422.83K	-38.8%
Renaissance Technologies	1.32M	+350.66K	+36.4%
AMP Ameriprise Financial	568.7K	+270.28K	+90.6%
Acadian Asset Management	742.71K	+216.48K	+41.1%
Assenagon Asset Management	266.15K	+192.22K	+260.0%
Nuveen Asset Management	579.37K	+173.61K	+42.8%
Millennium Management	336.72K	-164.7K	-32.8%
SG Americas Securities	0	-87.7K	EXIT
Arrowstreet Capital, Limited Partnership	126.64K	-85.2K	-40.2%

Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

Management Discussion

Net interest income, when annualized and expressed as a percentage of average interest earning assets, is referred to as "net interest margin." Interest income, which includes loan fees and resultant yield information, is expressed on a taxable equivalent basis using a federal statutory tax rate of 21% for the three months ended March 31, 2020 and 2019. A comparison of net interest income on a taxable-equivalent basis ("net interest income") for the three months ended March 31, 2020 and 2019 is set forth below. For each category of interest-earning assets and interest-bearing liabilities, information is provided on changes attributable to: (i) changes in volume and (ii) changes in rates. The change in volume is calculated as change in average balance, multiplied by prior period average yield/rate. The change in rate is calculated as change in average yield/rate, multiplied by current period volume. The change in interest income not solely due to change in volume or change in rate has been allocated proportionately to change in volume and change in average yield/rate.

Content analysis ?

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From filing 10-Q 2020 Q1