Central Pacific Financial (CPF) Investor presentation summary

Corporate profile and market position

• Celebrated 70 years in 2024 as a leading Hawaii-based bank holding company with $7.4B in assets and 27 branches statewide.

• Recognized as a market leader in residential mortgage, small business, and digital banking.

• Named Best Bank in Hawaii by Newsweek, Forbes, and Honolulu Star-Advertiser in 2024.

• Trades on NYSE under ticker CPF, with a market cap of $749M and a 3.8% dividend yield.

Financial performance and highlights

• 2Q24 net income rose 22% quarter-over-quarter to $15.8M, with diluted EPS of $0.58.

• Return on assets improved to 0.86% and return on equity to 12.42%.

• Net interest margin expanded to 2.97%; tangible common equity ratio increased to 7.0%.

• Maintained quarterly cash dividend at $0.26 per share.

Strategic value drivers

• Benefits from a resilient Hawaii economy with low unemployment (2.9%) and strong real estate market.

• Diversified loan portfolio, nearly 80% secured by real estate, with conservative growth and improved yield.

• Valuable deposit franchise with 59% FDIC insured deposits and no brokered deposits.

• Focus on efficiency, reducing branches and FTEs, and automating over 50 processes.

• Maintains a solid credit and capital profile, with low delinquencies and strong regulatory ratios.

• Digital leader: 85% of consumer deposits processed digitally, 55,000 retail mobile users.