Central Pacific Financial Corp New · NYSE:CPF
Central Pacific Financial Corp New — Q1 2026 Earnings Presentation
28 slides from Central Pacific Financial Corp New's earnings presentation, Apr 29, 2026
Slide 1: 1st Quarter 2026 Earnings Supplement and Investor Presentation
1st Quarter 2026 Earnings Supplement and Investor Presentation April 29, 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 1Q 2026 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
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: Hawaii as our core franchise, supported by complementary drivers of growth
Hawaii as our core 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 •
Slide 8: Operational Excellence – Positive Operating Leverage
Operational Excellence – Positive Operating Leverage Efficiency Trend1 ($ in millions) Operational excellence framework to achieve sustainable 90 68% performance and long-term organizational resilience by 80 66% integrating people, processes and technology to drive 70 64% efficiency, innovation and
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: 1Q 2026 Financial Results
1Q 2026 mlatclaleltel Results
Slide 11: 1Q 2026 Financial Highlights
1Q 2026 Financial Highlights 1Q26 4Q25 • Deposits grew $90 million from the prior quarter, of which $75 million was from core deposits1 NET INCOME / $20.7mil $22.9mil DILUTED EPS $0.78 $0.85 • Loans grew by $31 million from the prior quarter, primarily from CRE RETURN ON ASSETS 1.12% 1.25% (ROA) • M
Slide 12: Key Actions & Drivers of Stronger Financial Performance
Key Actions & Drivers of Stronger Financial Performance • Improved loan portfolio mix with $50 million QoQ reduction in residential Balance Sheet mortgage and home equity loans, offset by growth in commercial mortgage loans Optimization/Asset • Existing swap on $115 million municipal securities port
Slide 13: Profitability Improvements – In-line or Better than Peers
Profitability Improvements – In-line or Better than Peers Recent performance has broken through the CPF historical trend1; initial targets achieved ROA2 % ROE2 % 1.30 18.00 LTM HI Peer Avg 1.01% LTM HI Peer Avg 11.04% 1.20 1.12 LTM Nat’l Peer Avg 1.07% LTM Nat’l Peer Avg 11.55% 1.10 16.00 1.00 13.90
Slide 14: Low-Cost Deposits Driven by Valuable Franchise
Low-Cost Deposits Driven by Valuable Franchise Total Deposit ($ in billions) Deposit Portfolio Composition 7.00 6.85 as of 3/31/26 6.64 6.74 6.64 6.70 6.61 Time 6.50 15% Noninterest Bearing Demand 6.00 5.80 28% 5.50 5.00 4.50 Savings & Interest Bearing Money Market Demand 36% 21% 4.00 2020 2021 2022
Slide 15: Historical NII and NIM Expansion
Historical NII and NIM Expansion NII and NIM ($ in millions) 65.0 4.00% 3.53% 60.0 3.50% 55.0 3.00% 50.0 2.50% 45.0 61.3 62.1 61.4 59.8 55.8 57.7 51.9 53.9 2.00% 40.0 50.2 35.0 1.50% 30.0 1.00% 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 NII NIM NIM up 22 bps from a year ago and 70 bps from two yea
Slide 16: Balanced Loan Portfolio
Balanced Loan Portfolio Loan Balances Outstanding ($ in billions) Loan Portfolio Composition as of 3/31/26 6.00 5.56 5.44 5.33 5.32 5.10% Commercial & 5.10 5.29 Consumer 4.96 4.90% 8% Industrial 5.00 11% 4.93% 4.70% 4.00 4.50% Construction 4% 3.00 4.30% Commercial 4.10% Mortgage 2.00 3.90% 32% 1.00
Slide 17: Neutral Balance Sheet Sensitivity
Neutral Balance Sheet Sensitivity Deposits Composition • 31% of Loan Portfolio contractually reprices within 1 year • Over 95% CDs reprice within 1 year, while high level of our Interest-Bearing Non- Int Bearing Demand - Maturing Deposits (NMDs) have the contractual ability to reprice immediately. W
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 1.80% 1.77% 1.86% 1.34% 0.28% 0.27% 0.27% 0.27% 0.62% 0.82% 0.21% 0.21% 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 Allowance for Credit Losses and Coverage
Slide 19: Noninterest Income and Expense
Noninterest Income and Expense Noninterest Income ($ in millions) Noninterest Expense ($ in millions) 18.0 60.0 16.0 13.5 14.2 50.0 47.0 14.0 13.0 43.9 45.7 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 2Q25 3Q25 4Q25 1Q26 2Q25 3Q25 4Q25 1Q26 Noninterest Income Non-recurrin
Slide 20: Strong Capital Position Supporting Organic Growth & Capital Return
Strong Capital Position Supporting Organic Growth & Capital Return Regulatory Capital Ratios As 3/31/26 16.0% 14.7% 14.0% 12.6% 12.0% • Repurchased 321 thousand shares of CPF 10.0% 9.7% common stock for $10.5 million in 1Q26 8.0% 6.0% • Quarterly cash dividend of $0.29 per share in 4.0% 1Q26 2.0% 0.
Slide 21: Appendix
Appendix
Slide 22: Non-GAAP Disclosure
Non-GAAP Disclosure To supplement its consolidated financial information, the Company utilizes certain non-GAAP financial measures. These measures are not intended to be considered in isolation or as a substitute for comparable GAAP results. The Company believes these non-GAAP financial measures pro
Slide 23: Non-GAAP Disclosure (cont’d)
Non-GAAP Disclosure (cont’d) To supplement our consolidated financial information, the Company uses certain non-GAAP financial measures, which are not meant to be considered in isolation or as a substitute for comparable GAAP financial measures. The Company believes these non-GAAP financial measures
Slide 24: Historical Financial Metrics
Historical Financial Metrics Year Ended December 31, 2026 ($ in millions) 2020 2021 2022 2023 2024 2025 1Q 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 Total assets 6,594.6 7,419.1 7,432.8 7,642.8 7,472.1 7,409.2 7,495.4 Total
Slide 25: CPB’s Hawaii Franchise
CPB’s Hawaii Franchise Footprint 27 branches on 4 islands 70+ year Kauai (1), Oahu (20), legacy Maui (4), and Hawaii (2) & 55 ATMs 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 10.3% YoY to $1.9 billion, Feb 2026 Feb 2026 Mar 2026 supported by an increase in total a
Slide 27: 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 • SBA Lender of the year for 2025 Central Pacific Financial Corp. 27
Slide 28: Mahalo
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