Central Pacific Financial Corp New · NYSE:CPF

Central Pacific Financial Corp New — Central Pacific Financial — Corporate Update (March 2023)

7 slides from Central Pacific Financial Corp New's corporate update, Mar 14, 2023

  1. Slide 1: Balance Sheet Update March 14, 2023

    Balance Sheet Update March 14, 2023

  2. Slide 2: Forward-Looking Statements

    2Central Pacific Financial Corp. Forward-Looking Statements This document may contain forward-looking statements (“FLS”) concerning: projections of revenues, expenses, income or loss, earnings or loss per share, capital expenditures, the payment or nonpayment of dividends, capital position, credit l

  3. Slide 3: CPF Key Highlights

    3Central Pacific Financial Corp. CPF Key Highlights • Strong balance sheet, liquidity, capital and asset quality • Diversified and granular deposit portfolio • No exposure to crypto or venture-capital industries • High quality loan and investment security assets • Significant available liquidity sou

  4. Slide 4: Deposit balances remain stable

    4Central Pacific Financial Corp. • Deposit balances remain stable • 59% of deposits FDIC insured as of 12/31/22; 65% including collateralized deposits. • Long-tenured: 50% with CPB 10 years or longer • Average consumer account balance $19,000 • Average commercial account balance $110,000 Relationshi

  5. Slide 5: Strong and diverse loan portfolio with over 75% real estate secured

    5Central Pacific Financial Corp. • Strong and diverse loan portfolio with over 75% real estate secured • 83% of total loan portfolio in Hawaii where real estate values are exceptionally strong • Weighted average LTVs of 65% for Residential Mortgage, 61% for Home Equity and 60% for Commercial Mortgag

  6. Slide 6: High Quality Securities Portfolio

    6Central Pacific Financial Corp. High Quality Securities Portfolio • $1.3 billion or ~18% of total assets • 80% government agency bonds • 93% AAA rated • No securities sales YTD • CET1 ratio strong at 10.5% as of 12/31/22 • Assuming full realization of all unrealized AFS & HTM losses, CET1 remains s

  7. Slide 7: Ample alternative sources of liquidity available

    7Central Pacific Financial Corp. • Ample alternative sources of liquidity available • Additionally, unpledged loans could be sold or securitized Available Sources of Liquidity 2/28/2023 FHLB/FRB available borrowing lines $2.1 Billion Securities available for pledging $0.6 Billion TOTAL $2.7 Billion

Central Pacific Financial — Corporate Update (March 2023) on 6ix