Central Pacific Financial (CPF) Investor presentation summary

Corporate profile and market position

• Operates as the fourth largest financial institution in Hawaii with 27 branches and a strong presence in residential mortgage, small business, and digital banking segments.

• Total assets of $7.5 billion and market capitalization of $788 million as of early 2025.

• Recognized as a top regional bank by Newsweek and Forbes, and voted Best Bank in Hawaii by multiple publications.

Financial performance and capital strength

• Reported net income of $53.4 million for 2024, with adjusted net income of $63.4 million after excluding non-core items.

• Net interest margin expanded to 3.01% for 2024, with core deposits growing by $74.2 million in the fourth quarter.

• Regulatory capital ratios remain well above minimums, with a $260 million capital cushion and a new $30 million share repurchase program authorized for 2025.

• Increased quarterly cash dividend to $0.27 per share, reflecting strong shareholder returns.

Loan and deposit portfolio

• Loan portfolio stands at $5.56 billion, with nearly 80% secured by real estate and a diversified mix across commercial, residential, and consumer segments.

• Deposit portfolio totals $6.64 billion, with 58% FDIC insured and a low-cost, relationship-based structure; 53% of customers have been with the bank for over 10 years.

• Total deposit cost declined to 1.21% in 4Q24, maintaining a cost advantage over peers.