Central Pacific Financial (CPF) investor relations material

Executive summary

• Q3 net income was $22.8 million, or $0.88 per diluted share, versus $20.8 million and $0.80 in Q2; Q3 2025 results were $18.6 million reported and $19.7 million adjusted for consolidation costs.

• Higher net interest income, wider margins and disciplined expenses supported stronger returns; priorities include organic growth, relationship banking and selective diversification.

Financial highlights

• Net interest income was $64.5 million, up 2.6% QoQ and 5.2% YoY; total revenue was $76.8 million.

• Other operating income was $12.4 million, down from $14.6 million QoQ, mainly due to a $2.4 million decline in bank-owned life insurance income.

• Operating expense was $44.8 million, down from $46.2 million QoQ; lower salaries, benefits and deferred compensation expenses contributed to the decline.

• Provision for credit losses was $1.9 million, versus $4.4 million in Q2 and $4.2 million in Q3 2025.

• Total assets were $7.45 billion, loans $5.31 billion and deposits $6.66 billion at quarter-end.

Outlook and guidance

• Q4 NIM was expected in the mid-3.60% range; loan and securities repricing benefits were partly offset by rising deposit rates.

• Q4 other operating income was expected near $13 million; full-year expenses were expected to increase 2%–2.5%, at the low end of prior guidance.

• Normalized effective tax rate was expected at 22%–24%; potential tax credits were excluded from guidance.

• The Q4 loan pipeline included $224 million across 71 opportunities; more than one-third of dollar volume had booked in October, but closings could vary.

• Capital targets were CET1 of 11%–12% and TCE of 7.5%–8.5%; diversification includes selective indirect and wholesale credit exposure and Japan and Korea partnerships.