Central Pacific Financial (CPF) investor relations material

Executive summary

• Net income for Q2 2026 was $20.8 million ($0.80 per diluted share), up from $18.3 million in Q2 2025, with ROA at 1.12% and ROE at 13.94%, reflecting stable profitability and growth.

• Net interest margin rose to 3.57%, up 13 bps year-over-year and 4 bps sequentially, driven by higher loan and securities balances and improved yields.

• Recognized as Hawaii's top-ranked company by TIME and Forbes, and named Best Bank in Hawaii by Forbes, Newsweek, and TIME in 2026.

• Continued investment in talent, technology, automation, and data to drive future efficiencies and operational enhancements.

• Board declared a Q3 cash dividend of $0.30 per share, a 3.4% increase from the prior quarter, and repurchased 322,000 shares for $11.3 million.

Financial highlights

• Net interest income for Q2 2026 was $62.8 million, up from $59.8 million in Q2 2025; net interest margin increased to 3.57%.

• Efficiency ratio improved to 59.62% in Q2 2026 from 60.36% in Q2 2025.

• Return on average assets was 1.12%; return on average equity was 13.94%.

• Total deposits were $6.70 billion as of June 30, 2026, up 1.3% from year-end 2025.

• Provision for credit losses was $4.4 million, down from $5.0 million in Q2 2025.

Outlook and guidance

• Net interest margin expected to remain steady to slightly higher in the second half of the year.

• Full-year net interest income guidance is a 4%-6% increase over the prior year.

• Other operating expense expected to grow by 2.5%-3.5% for the full year, with forecast at the lower end of the range.

• Loan and deposit growth anticipated in the low single-digit range for the full year.

• Management highlighted a robust capital position supporting future organic growth and continued shareholder returns.