Central Pacific Financial Corp New · NYSE:CPF
Central Pacific Financial Corp New — Q4 2025 Earnings Presentation
27 slides from Central Pacific Financial Corp New's earnings presentation, Jan 28, 2026
Slide 1: 4th Quarter 2025 Earnings Supplement and Investor Presentation
4th Quarter 2025 Earnings Supplement and Investor Presentation January 28, 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 4Q 2025 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) was founded in 1954 by Japanese-American veterans of World War II to serve the needs of families and small businesses NYSE TICKER CPF tha
Slide 5: Strategic Focus
Strategic Focus Central Pacific Financial Corp. 5
Slide 6: CPF Strategic Focus
CPF Strategic Focus We aim to be 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 are positioned to drive strong results organically
Slide 7: CPF Drivers of Growth & Diversification
CPF Drivers of Growth & Diversification 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 ownership • Valua
Slide 8: Operational Excellence – Positive Operating Leverage
Operational Excellence – Positive Operating Leverage Operational excellence framework to achieve sustainable Efficiency Trend ($ in millions) performance and long-term organizational resilience by 90 68% integrating people, processes and technology to drive 80 66% efficiency, innovation and growth.
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: Capital Priorities & Targets: Drive accretive returns to fuel capital growth, dividends, and strategic e
Slide 10: 4Q 2025 Financial Results
4Q 2025 Financial Results Central Pacific Financial Corp. 10
Slide 11: 4Q and Full Year 2025 Financial Highlights
4Q and Full Year 2025 Financial Highlights 4Q25 2025Y 2024Y Actual Actual Actual • 2025 Net income and EPS increased 45% from NET INCOME / $22.9MM $77.5MM $53.4MM 2024, or +24% on a non-GAAP basis1 DILUTED EPS $0.85 $2.86 $1.97 • NIM expanded 7 bps quarter-over-quarter and 44 RETURN ON bps year-over
Slide 12: Key Actions & Drivers of Stronger Financial Performance
Key Actions & Drivers of Stronger Financial Performance • Improved loan portfolio mix with $130 million YTD reduction in low yielding, Balance Sheet long duration residential mortgage and home equity loans, offset by growth in commercial mortgage and construction loans. Optimization / Asset • Swap o
Slide 13: Profitability Improvements – In-line or Better than Peers
Profitability Improvements – In-line or Better than Peers Recent performance has broken through the historical trend2; initial targets achieved ROA1 % ROE1 % 1.30 1.25 18.00 LTM HI Peer Avg 0.93% LTM HI Peer Avg 10.3% 1.20 LTM Nat’l Peer Avg 1.02% LTM Nat’l Peer Avg 11.2% 16.00 15.41 1.10 1.00 14.00
Slide 14: Low-Cost Deposits Driven by Valuable Franchise
Low-Cost Deposits Driven by Valuable Franchise Total Deposits Deposit Portfolio Composition as of Year-ended as of Dec 31, 2025 8.00 Time 6.64 6.74 6.85 6.64 6.61 15% 7.00 Noninterest Bearing 5.80 Demand 6.00 29% 5.00 $ Billions 4.00 3.00 2.00 Savings & 1.00 Money Market 35% Interest Bearing - Deman
Slide 15: CPF Margin Advantage
CPF Margin Advantage Net Interest Margin NIM Walk: 3Q25 to 4Q25 3.56% 3.70% 3.49% 3.66% 3.31% 3.44% 3.60% 0.03% 0.07% 3.56% 2.83% 3.49% -0.03% 3.50% 3.40% 3.30% 3.20% 3.10% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q1 Q2 Q3 3.00% 25 25 25 25 25 25 25 25 25 25 3Q25 NIM Deposit Repricing Sub Debt Payoff Loan & Other 4Q25
Slide 16: Balanced Loan Portfolio with Improving Yields
Balanced Loan Portfolio with Improving Yields Total Loans Loan Portfolio Composition as of Year-ended as of Dec 31, 2025 Commercial 6.00 5.56 5.44 5.33 Consumer 5.10 5.29 & Industrial 4.96 8% 11% 5.00 Construction 4.00 4% $ Billions 3.00 Commercial Mortgage 2.00 31% 1.00 Residential - Mortgage 2020
Slide 17: Well Positioned for a Declining Rate Environment
Well Positioned for a Declining Rate Environment Deposit Portfolio Composition Int Bearing • 29% of Loan Portfolio contractually reprices within 1 year Demand - WAR 0.13%, • Over 90% CDs reprice within 1 year, while high level of our Interest-Bearing $1.4B Non-Maturing Deposits (NMDs) have the contr
Slide 18: Positive Reinvestment Cashflow
Positive Reinvestment Cashflow Despite rate cuts by the Fed, new origination continues to replace runoff at higher yields, improving weighted average yields and NIM. Maturities & Paydowns ($ in millions) Yields Analysis (%) 300 8.00% 250 7.01% 228 206 215 6.00% 5.27% 200 4.82% 4.96% 4.00% 2.84% 100
Slide 19: Solid Credit Profile
5 Solid Credit Profile Asset quality remained solid and in the expected operating range Delinquencies 90+Days/Total Loans Criticized/Total Loans 1.80% 1.77% 1.35% 0.04% 0.03% 0.03% 0.62% 0.62% 0.82% 0.01% 0.01% 0.01% 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 NPAs/Total Loans Annual
Slide 20: Noninterest Income and Expense
Noninterest Income and Expense Noninterest Income Noninterest Expense 18.0 60.0 16.0 45.7 13.5 14.2 50.0 47.0 13.0 42.1 43.9 1.5 14.0 1.4 11.1 12.0 40.0 $ Millions $ Millions 10.0 30.0 8.0 6.0 20.0 4.0 10.0 2.0 0.0 0.0 1Q25 2Q25 3Q25 4Q25 1Q25 2Q25 3Q25 4Q25 • 4Q25 $1.4MM death benefit proceeds for
Slide 21: Strong Capital Position Supporting Organic Growth & Capital Return
Strong Capital Position Supporting Organic Growth & Capital Return Regulatory Capital Ratios As Dec 31, 2025 16.0% 14.8% 14.0% 12.7% 12.0% • Repurchased 530K shares of CPF common stock 10.0% 9.8% for $16.3 million in the 4Q25; 788K shares for 8.0% $23.3 million YTD 6.0% 4.0% • Board approved new sha
Slide 22: Appendix
Appendix
Slide 23: Non-GAAP Disclosure
Non-GAAP Disclosure To supplement its consolidated financial information, the Company utilizes certain non-GAAP financial measures. These measures are not intended to be considered in isolation or as a substitute for comparable GAAP results. The Company believes these non-GAAP financial measures pro
Slide 24: Historical Financial Metrics
Historical Financial Metrics Year Ended December 31, 2025 ($ Millions) 2020 2021 2022 2023 2023 2025 1Q 2Q 3Q 4Q 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 $ 5,334.5 $ 5,289.8 $ 5,367.2 $ 5,289.1 Total assets 6,594.6 7,419.1 7,432.8 7
Slide 25: Resilient Hawaii Economy
Resilient Hawaii Economy Hawaii has proven to be resilient despite uncertainty and potential downstream impacts from U.S. trade policy Tourism Jobs Housing • Tourism Industry Slowing Oahu Median Single- Visitor arrivals Unemployment Rate Family Home Price • Softening of U.S. and global conditions ha
Slide 26: CPB Named Best Bank in Hawaii by Newsweek, Forbes, and Honolulu Star-Advertiser
CPB Named Best Bank in Hawaii by Newsweek, Forbes, and Honolulu Star-Advertiser • Newsweek’s America’s Best Regional Banks 2026 • Forbes’ Best-In-State Banks 2025 • Forbes’ America’s Best Banks 2025 • Honolulu Star-Advertiser’s Best Bank in Hawaii 2024 Central Pacific Financial Corp. 26
Slide 27: Mahalo
Mahalo
Central Pacific Financial Corp New — Q4 2025 Earnings Presentation on 6ix