Central Pacific Financial Corp New · NYSE:CPF
Central Pacific Financial Corp New — Central Pacific Financial — Investor Presentation (December 2025)
30 slides from Central Pacific Financial Corp New's investor presentation, Dec 16, 2025
Slide 1: Investor Presentation Update December 2025
Investor Presentation Update December 2025
Slide 2: Forward-Looking Statements
2Central Pacific Financial Corp. Forward-Looking Statements This document and any accompanied presentation, 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 n
Slide 3: Central Pacific Financial Corp. Overview
3Central Pacific Financial Corp. Central Pacific Financial Corp. Overview Who We Are Strategic Focus 3Q 2025 Financial Results Appendix
Slide 4: Central Pacific Financial – Who We Are
4Central Pacific Financial Corp. MARKET INFORMATION NYSE TICKER CPF SUBSIDIARY CPB TOTAL ASSETS $7.4 BILLION MARKET CAP $816 MILLION SHARE PRICE $30.34, +47% 3Y2 DIVIDEND YIELD 3.7%1 Central Pacific Financial Corp. (CPF) is a Hawaii-based bank holding company. Central Pacific Bank (CPB) was founded
Slide 5: Strategic Focus
5Central Pacific Financial Corp. Strategic Focus
Slide 6: CPF Strategic Focus
6Central Pacific Financial Corp. CPF Strategic Focus A high performing bank that delivers sustainable, growing returns and provides enhanced value to positively impact our employees, customers, community and shareholders Strengthening our brand and reputation enhances customer trust, loyalty and com
Slide 7: CPF Drivers of Growth
7Central Pacific Financial Corp. CPF 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 • Leader and advocate for small business and home ow
Slide 8: Operational Excellence – Positive Operating Leverage
8Central Pacific Financial Corp. Operational Excellence – Positive Operating Leverage Recent Highlights: • Process automation: Implemented over 90 process improvements including straight-through processing to core system • Branch systems enhancements: provided time savings of over 80% on teller bala
Slide 9: Capital Strategy: Enhancing Shareholder Value
9Central Pacific Financial Corp. Capital Strategy: Enhancing Shareholder Value Overall focus on being good stewards of capital and allocating capital optimally to provide shareholder value, while balancing risk Drive accretive returns to fuel capital growth, dividends, and strategic expansion to cre
Slide 10: 3Q 2025 Financial Results
10Central Pacific Financial Corp. 3Q 2025 Financial Results
Slide 11: 3Q 2025 Financial Highlights
111Central Pacific Financial Corp. • Net interest income growth of 2.5% quarter-over- quarter and 13.8% year-over-year • NIM expanded 5 bps quarter-over-quarter and 42 bps year-over-year • Consolidated Operations Center office space into main headquarters. Go forward annual expense savings of ~$1 mi
Slide 12: Key Actions & Drivers of Stronger Financial Performance
12Central Pacific Financial Corp. Key Actions & Drivers of Stronger Financial Performance • Improved loan portfolio mix with $119 million YTD reduction in low yielding, long duration residential mortgage and home equity loans, offset by growth in commercial mortgage and construction loans. • Swap on
Slide 13: Profitability Improvements - In-line or Better than Peers
13Central Pacific Financial Corp. Profitability Improvements - In-line or Better than Peers Recent performance has broken through the historical trend2; initial targets achieved 1CPF metrics are normalized for non-recurring items 2Historical trend shown in light blue bars on the charts 3.49 2.5 2.7
Slide 14: Low-Cost Deposits Driven by Valuable Franchise
14Central Pacific Financial Corp. Low-Cost Deposits Driven by Valuable Franchise • Well-diversified and granular: 52% Commercial (Average account balance of $102K) 48% Consumer (Average account balance of $19K) • 53% Long-tenured customers with CPB 10 years or longer • Low reliance on public time de
Slide 15: CPF Deposit Cost & Margin Advantage
15Central Pacific Financial Corp. 1.02% 1.49% 2.15% 0.00% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% 2020 2021 2022 2023 2024 1Q25 2Q25 3Q25 Total Deposit Cost CPF HI Peers Nat'l Peers • Source: S&P Global • HI Peers includes BOH and FHB as of 6/30/25 • Nat’l Peers includes publicly traded banks with total
Slide 16: Diversified Loan Portfolio
16Central Pacific Financial Corp. Diversified Loan Portfolio • Diverse loan portfolio, with 80% secured by real estate • Overall portfolio yield improved 5 bps to 5.01% from the prior quarter and 12 bps year-over-year Commercial & Industrial 11% Construction 4% Residential Mortgage 34% Home Equity 1
Slide 17: Well Positioned for a Declining Rate Environment
17Central Pacific Financial Corp. Well Positioned for a Declining Rate Environment • 29% of Loan Portfolio contractually reprices within 1 year • Over 90% CDs reprice within 1 year, while our high level of Interest-Bearing Non-Maturing Deposits (NMDs) have the contractual ability to reprice immediat
Slide 18: Positive Reinvestment Cashflow
18Central Pacific Financial Corp. Positive Reinvestment Cashflow New origination continues to replace runoff at higher yields, improving weighted average yields and NIM Note: Includes sold & called investment securities. Excludes revolver lines. 4.96 6.92 5.01 2.84 2.87 0 2 4 6 8 2Q25 WAR 3Q25 New 3
Slide 19: Solid Credit Profile
19Central Pacific Financial Corp. 5 Asset quality remained solid and in the expected operating range Solid Credit Profile Note: Totals may not sum due to rounding. 0.01% 0.01% 0.01% 0.04% 0.03% 3Q24 4Q24 1Q25 2Q25 3Q25 Delinquencies 90+Days/Total Loans 0.62% 0.62% 0.82% 1.80% 1.77% 3Q24 4Q24 1Q25 2Q
Slide 20: Noninterest Income and Expense
20Central Pacific Financial Corp. Noninterest Income and Expense • 3Q25 increase driven by investment services income included in other service charges and fees • Focused on growing long-term fee income from wealth management and advisory offerings • 3Q25 increase primarily due to higher salaries an
Slide 21: Capital Return
212Central Pacific Financial Corp. Capital Return • QTD through December 15, 2025, repurchased 335K shares of CPF common stock for total cost of $10.0 million • Increased 4th quarter cash dividend to $0.28 per share • Redeemed $55 million in subordinated debt at par in fourth quarter * Annualized fo
Slide 22: Appendix
22Central Pacific Financial Corp. Appendix
Slide 23: Non-GAAP Disclosure
23Central Pacific Financial Corp. 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 the
Slide 24: Commercial Real Estate Loan Portfolio
24Central Pacific Financial Corp. Commercial Real Estate Loan Portfolio • Investor 77% ($1.3B) / Owner-Occupied 23% ($0.4B) • Hawaii 73% ($1.2B) / Mainland 27% ($0.4B) • WA LTV • Hawaii = 60% • Mainland = 57% Industrial/Warehouse 30% Retail 17% Apartment 21% Office 14% Hotel 10% Other 3% Shopping Ce
Slide 25: Consumer Loan Portfolio
25Central Pacific Financial Corp. • Total Hawaii Consumer $223 million • Total Mainland Consumer $254 million • Weighted average origination FICO: • 746 for Hawaii Consumer • 753 for Mainland Consumer • Mainland consumer net charge-offs peaked in 4Q23 and declined for 7 consecutive quarters since th
Slide 26: Historical Financial Highlights
26Central Pacific Financial Corp. (*) Certain amounts in prior years were reclassified to conform to current year's presentation. These reclassifications had an immaterial impact to our previously reported efficiency ratios. Note: Totals may not sum due to rounding. Historical Financial Highlights (
Slide 27: Hawaii Economy: Tourism and Jobs
272Central Pacific Financial Corp. Tourism Visitor arrivals Aug 2025 -2.6% 1 Jobs Unemployment Rate Aug 2025 2.7% 1 Hawaii has proven to be resilient despite uncertainty and potential downstream impacts from U.S. trade policy • Tourism Industry Slowing • Softening of U.S. and global conditions have
Slide 28: CPB Named Best Bank in Hawaii
28Central Pacific Financial Corp. CPB Named Best Bank in Hawaii by Newsweek, Forbes, and Honolulu Star-Advertiser • Newsweek’s America’s Best Regional Banks 2025 • Forbes’ Best-In-State Banks 2025 • Forbes’ America’s Best Banks 2025 • Honolulu Star-Advertiser’s Best Bank in Hawaii 2024
Slide 29: CPF CARES
29Central Pacific Financial Corp. CPF CARES
Slide 30: Mahalo
30Central Pacific Financial Corp. Mahalo
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