Central Pacific Financial Corp New · NYSE:CPF
Central Pacific Financial Corp New — Central Pacific Financial — Q2 2026 Earnings Presentation
28 slides from Central Pacific Financial Corp New's earnings presentation, Jul 24, 2026
Slide 1: 2nd Quarter 2026 Earnings Supplement and Investor Presentation
2nd Quarter 2026 Earnings Supplement and Investor Presentation July 24, 2026
Slide 2: Forward-Looking Statements
Forward-Looking Statements This document may contain forward-looking statements ("FLS") concerning, among other things: projections of revenues, expenses, income or loss, earnings or loss per share, capital expenditures, payment or nonpayment of dividends, net interest income, capital position, cred
Slide 3: Central Pacific Financial Corp. Overview
Central Pacific Financial Corp. Overview Who We Are Strategic Focus Financial Results Appendix Central Pacific Financial Corp. 3
Slide 4: Central Pacific Financial – Who We Are
Central Pacific Financial – Who We Are Central Pacific Financial Corp. (CPF) is a Hawaii-based bank holding company. MARKET INFORMATION Central Pacific Bank (CPB), member FDIC, was founded in 1954 by Japanese- American veterans of World War II to serve the needs of families and small NYSE TICKER CPF
Slide 5: Strategic Focus
Strategic Focus
Slide 6: CPF Strategic Focus
CPF Strategic Focus Our objective is to operate as a high performing bank that delivers sustainable, growing returns and provides enhanced value to positively impact our employees, customers, community and long- term shareholders. Our focus is on our core business. We believe we are positioned to dr
Slide 7: Core Hawaii franchise, supported by complementary drivers of growth
Core Hawaii franchise, supported by complementary drivers of growth Core Hawaii Franchise • Strong commitment to the Hawaii market • Solid franchise built on 70+ year legacy • Relative size as 4th largest bank in Hawaii provides market share growth opportunity Japan and Korea U.S. Mainland • Leader
Slide 8: Operational Excellence – Positive Operating Leverage
Operational Excellence – Positive Operating Leverage 59.6% +13% Execution Proof Points: Efficiency Ratio1 Total Revenue2 Growth • Strategic vendor renewals: successfully negotiated large 5.0% lower vs 4Q24 $68 mil to $77 mil contracts which provide expense savings/incentives while from 4Q24 to 2Q26
Slide 9: Capital Strategy: Enhancing Shareholder Value
Capital Strategy: Enhancing Shareholder Value Overall focus on being good stewards of capital and allocating capital optimally to provide shareholder value, while balancing risk Key Philosophies: Drive accretive returns to fuel capital growth, dividends, and Capital Priorities & Targets: strategic e
Slide 10: 2Q 2026 Financial Results
2Q 2026 mlatclaleltel Results
Slide 11: 2Q 2026 Financial Highlights
2Q 2026 Financial Highlights 2Q26 1Q26 • Net interest margin increased by 4bps, driven by $75 million growth in average loan and securities NET INCOME / $20.8mil $20.7mil balances, at higher weighted average yields DILUTED EPS $0.80 $0.78 • Loan production of $200 million in 2Q, at weighted RETURN O
Slide 12: Key Actions & Drivers of Stronger Financial Performance
Key Actions & Drivers of Stronger Financial Performance •Improved loan portfolio mix with $146 million YoY growth in commercial mortgage loans, offset by $87 million YoY reduction in residential mortgage and home equity Balance Sheet loans Optimization/Asset •Loan portfolio mix improved to 57% fixed
Slide 13: Profitability Improvements
Profitability Improvements Transitioned from post-pandemic normalization to sustainable profitability and capital generation ROA2 % ROE2 % 1.30 18.00 1.20 1.12 1.10 16.00 13.94 1.00 14.00 0.90 0.80 12.00 0.70 10.00 0.60 0.50 8.00 1Q24 4Q24 3Q25 2Q26 1Q24 4Q24 3Q25 2Q26 1 1 GAAP Normalized (non-GAAP)
Slide 14: Low-Cost Deposits Driven by Valuable Franchise
Low-Cost Deposits Driven by Valuable Franchise Total Deposits ($ in billions) 7.00 6.85 Deposit Portfolio Composition 6.74 6.70 6.64 6.64 6.61 as of 6/30/2026 6.50 Time 15% Noninterest Bearing 6.00 5.80 Demand 29% 5.50 5.00 4.50 Savings & Interest Bearing Money Market Demand 4.00 35% 21% 2020 2021 2
Slide 15: Net Interest Income and NIM Expansion
Net Interest Income and NIM Expansion NII and NIM Trend ($ in millions) 70.0 4.00% 65.0 3.57% 3.50% 60.0 55.0 3.00% 50.0 62.1 62.8 61.3 61.4 59.8 57.7 45.0 55.8 53.9 51.9 2.50% 40.0 35.0 2.00% 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 NII NIM NIM up 13 bps from a year ago and 60 bps from two year
Slide 16: Balanced Loan Portfolio
Balanced Loan Portfolio Loan Balances Outstanding ($ in billions) Loan Portfolio Composition as of 6/30/2026 6.00 5.56 5.44 5.33 5.10% Commercial & Industrial 5.10 5.29 5.31 Consumer 4.96 4.90% 8% 11% 5.00 4.70% 4.00 Construction 4.50% 4% 3.00 4.30% Commercial Mortgage 4.10% 2.00 32% 3.90% 1.00 Resi
Slide 17: Balance Sheet Sensitivity
Balance Sheet Sensitivity Deposit Portfolio Composition • 32% or $1.7B of the loan portfolio contractually reprices within 1 year Int Bearing • Over 95% or $1.0B CDs reprice within 1 year Demand - WAR 0.21%, • Interest Bearing Deposit repricing beta in current falling-rates cycle is 34% $1.4B ▪ Cont
Slide 18: Solid Credit Profile
5 Solid Credit Profile Asset quality remained solid and in the expected operating range Criticized/Total Loans NPAs/Total Loans and OREO 2.34% 1.80% 1.77% 1.86% 1.34% 0.28% 0.27% 0.27% 0.27% 0.31% 0.82% 0.21% 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 Allowance for Credit Losses and
Slide 19: Other Operating Income and Expense
Other Operating Income and Expense Other Operating Income ($ in millions) Other Operating Expense ($ in millions) 18.0 60.0 16.0 14.6 13.5 14.2 50.0 14.0 47.0 45.7 46.2 1.4 1.5 43.7 12.0 11.6 40.0 10.0 30.0 8.0 6.0 20.0 4.0 10.0 2.0 0.0 0.0 3Q25 4Q25 1Q26 2Q26 3Q25 4Q25 1Q26 2Q26 Other Operating Inc
Slide 20: Strong Capital Position Supporting Organic Growth & Capital Return
Strong Capital Position Supporting Organic Growth & Capital Return Regulatory Capital Ratios as of 6/30/2026 16.0% 14.8% 14.0% 12.7% 12.0% • Repurchased 322 thousand shares of CPF 10.0% 9.7% common stock for $11.3 million in 2Q26 8.0% 6.0% • Quarterly cash dividend declared of $0.30 per 4.0% share f
Slide 21: Appendix
Appendix
Slide 22: Non-GAAP Disclosure
Non-GAAP Disclosure To supplement its consolidated financial information, the Company utilizes certain non-GAAP financial measures. These measures are not intended to be considered in isolation or as a substitute for comparable GAAP results. The Company believes these non-GAAP financial measures pro
Slide 23: Non-GAAP Disclosure (cont’d)
Non-GAAP Disclosure (cont’d) To supplement our consolidated financial information, the Company uses certain non-GAAP financial measures, which are not meant to be considered in isolation or as a substitute for comparable GAAP financial measures. The Company believes these non-GAAP financial measures
Slide 24: Historical Financial Metrics
Historical Financial Metrics Year Ended December 31, 2026 ($ in millions) 2020 2021 2022 2023 2024 2025 1Q 2Q Balance Sheet (period end data) Loans and leases $ 4,964.1 $ 5,101.6 $ 5,555.5 $ 5,439.0 $ 5,332.9 $ 5,289.1 $ 5,320.3 $ 5,308.3 Total assets 6,594.6 7,419.1 7,432.8 7,642.8 7,472.1 7,409.2
Slide 25: CPB’s Branch Footprint
Kauai CPB’s Oahu Branch Niihau Footprint Molokai Maui Lanai Kahoolawe Hawaii Island 27 branches on 4 islands 70+ year Kauai (1), Oahu (20), legacy Maui (4), and Hawaii (2) & 56 ATMs Note: Map is not to scale Central Pacific Financial Corp. 25
Slide 26: Resilient Hawaii Economy
Resilient Hawaii Economy Key State of Hawaii Highlights Tourism Jobs Housing Hawaii Visitor Industry Update Oahu Median Single- Visitor arrivals Unemployment Rate Family Home Price • Total visitor spending rose 5.3% YoY to $1.8 billion, May 2026 May 2026 May 2026 supported by an increase in total ar
Slide 27: CPB Named Best Bank in Hawaii by Times, Forbes, Newsweek, and Honolulu Star-Advertiser
CPB Named Best Bank in Hawaii by Times, Forbes, Newsweek, and Honolulu Star-Advertiser • TIME’s America’s Best Companies of 2026 List • Forbes’ Best-In-State Banks 2026 • Newsweek’s America’s Best Regional Banks 2026 • SBA Lender of the year for 2025 Central Pacific Financial Corp. 27
Slide 28: Mahalo
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