Central Pacific Financial Q4 Profit Declines, But Tops Estimates

RTTNews | il y a 798
Central Pacific Financial Q4 Profit Declines, But Tops Estimates

(RTTNews) - Central Pacific Financial Corp. (CPF) the parent company of Central Pacific Bank, on Wednesday reported that net income for the fourth quarter declined to $20.18 million or $0.74 per share from $22.33 million or $0.80 per share in the prior-year quarter.

The company recorded a provision for credit loss of $0.57 million, compared to a benefit of $7.69 million last year.

Net interest income grew to $56.29 million from $53.10 million in the year-ago quarter. Other operating income also edged up to $11.60 million from $11.57 million a year ago.

On average, analysts polled by Thomson Reuters expected the company to report earnings of $0.60 per share on revenues of $56.77 million for the quarter. Analysts' estimates typically exclude special items.

On Tuesday, the Company's Board of Directors declared a quarterly cash dividend of $0.26 per share on its outstanding common shares, payable on March 15, 2023 to shareholders of record at the close of business on February 28, 2023.

The Company's Board of Directors also authorized the repurchase of up to $25 million of its common stock from time to time in the open market or in privately negotiated transactions, pursuant to a newly authorized share repurchase program.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

read more
Central Pacific Financial Q2 Profit Declines, But Meets Estimates

Central Pacific Financial Q2 Profit Declines, But Meets Estimates

Central Pacific Financial Corp. (CPF) the parent company of Central Pacific Bank, on Wednesday reported that net income for the second quarter declined to $14.48 million or $0.53 per share from $17.59 million or $0.64 per share in the prior-year quarter.
RTTNews | il y a 616
Central Pacific Financial Q3 Profit Declines, But Tops Estimates

Central Pacific Financial Q3 Profit Declines, But Tops Estimates

Central Pacific Financial Corp. (CPF) the parent company of Central Pacific Bank, on Friday reported that net income for the third quarter declined to $16.72 million or $0.61 per share from $20.82 million or $0.74 per share in the prior-year quarter.
RTTNews | il y a 894
Thai Stock Market May Spin Its Wheels On Thursday

Thai Stock Market May Spin Its Wheels On Thursday

The Thai stock market has moved higher in back-to-back sessions, advancing almost 15 points or 1.2 percent along the way. The Stock Exchange of Thailand now sits just above the 1,170-point plateau, although it may run out of steam on Thursday.
RTTNews | il y a 4h 35min
Japanese Market Sharply Lower; Down 3.4%

Japanese Market Sharply Lower; Down 3.4%

The Japanese market is trading sharply lower on Thursday, reversing the gains in the previous two sessions, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is plunging more than 3 percent to below the 34,600 level, with weakness across most sectors led by index heavyweights, exporters and financial stocks.
RTTNews | il y a 4h 40min
Soft Start Expected For Hong Kong Stock Market

Soft Start Expected For Hong Kong Stock Market

The Hong Kong stock market turned lower again on Wednesday, one day after ending the two-day slide in which it had dropped more than 450 points or 2 percent. The Hang Seng Index now sits just above the 23,200-point plateau and it may extend its losses on Thursday.
RTTNews | il y a 4h 50min
Steady Start Eyed For China Stock Market

Steady Start Eyed For China Stock Market

The China stock market has moved higher in two straight sessions, collecting almost 15 points or 0.4 percent in that span. The Shanghai Composite Index now sits just above the 3,350-point plateau and it's likely to remain in that neighborhood again on Thursday.
RTTNews | il y a 5h 5min
Australian Market Sharply Lower

Australian Market Sharply Lower

The Australian market is trading sharply lower on Thursday, giving up the gains in the previous two sessions, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 7,800 level, with weakness across most sectors led by iron ore miners and technology stocks. Gold miners were the only bright spot.
RTTNews | il y a 5h 11min
Losing Streak May Continue For Singapore Stock Market

Losing Streak May Continue For Singapore Stock Market

The Singapore stock market has tracked lower in three straight sessions, slumping more than 25 points or 0.6 percent along the way. The Straits Times Index now sits just above the 3,950-point plateau and it may take further damage again on Thursday.
RTTNews | il y a 5h 35min