Central Pacific Financial Corp New · NYSE:CPF
Central Pacific Financial Corp New — Central Pacific Financial — Q3 2025 Earnings Presentation
30 slides from Central Pacific Financial Corp New's earnings presentation, Oct 29, 2025
Slide 1: 3rd Quarter 2025 Earnings Supplement and Investor Presentation
3rd Quarter 2025 Earnings Supplement and Investor Presentation October 29, 2025
Slide 2: Forward-Looking Statements
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 nonpayment of dividends, net inter
Slide 3: Central Pacific Financial Corp. Overview
Central Pacific Financial Corp. Overview Who We Are Strategic Focus 3Q 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. 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 that did not have access to financial
Slide 5: Strategic Focus
Strategic Focus Central Pacific Financial Corp. 5
Slide 6: CPF Strategic Focus
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 community Brand and Reputation relev
Slide 7: CPF Drivers of Growth Core Hawaii Franchise
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 ownership • Valuable low-cost core
Slide 8: Operational Excellence – Positive Operating Leverage
Operational Excellence – Positive Operating Leverage Operational excellence framework to achieve sustainable Efficiency Trend (in $MM) performance and long-term organizational resilience by 80 68% integrating people, processes and technology to drive 70 66% efficiency, innovation and growth 64% 60 6
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: 3Q 2025 Financial Results
3Q 2025 Financial Results Central Pacific Financial Corp. 10
Slide 11: 3Q 2025 Financial Highlights
3Q 2025 Financial Highlights 3Q25 3Q25 2Q25 Actual Non-GAAP1 Actual • Net interest income growth of 2.5% quarter-over- quarter and 13.8% year-over-year NET INCOME / $18.6MM / $19.7MM / $18.3MM / • NIM expanded 5 bps quarter-over-quarter and 42 DILUTED EPS $0.69 $0.73 $0.67 bps year-over-year RETURN
Slide 12: Key Actions & Drivers of Stronger Financial Performance
Key Actions & Drivers of Stronger Financial Performance • Improved loan portfolio mix with $119 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 CPF ROA1 % CPF ROE1 % LTM HI Peer Avg 0.88% 17.00 LTM HI Peer Avg 9.8% 1.20 LTM Nat’l Peer Avg 0.96% 16.00 LTM Nat’l Peer Avg 10.5% 1.08 1.10 15.00 1.00 13.
Slide 14: Low-Cost Deposits Driven by Valuable Franchise
Low-Cost Deposits Driven by Valuable Franchise Total Deposits Deposit Portfolio Composition 8.00 as of Sep 30, 2025 as of Sep 30, 2025 6.74 6.85 Time 7.00 6.64 6.64 6.58 16% Noninterest 5.80 Bearing Demand 6.00 29% 5.00 $ Billions 4.00 3.00 2.00 Savings & Interest Bearing 1.00 Money Market Demand 35
Slide 15: CPF Deposit Cost & Margin Advantage
CPF Deposit Cost & Margin Advantage Low rate-sensitive, relationship-based deposit portfolio provides significant cost advantage Total Deposit Cost Net Interest Margin 3.00% CPF total deposit cost 1.02% 3.57% 3.44% 3.49% 3.42% 29% of deposits are non-interest bearing 3.31% 2.50% 2.15% 2.69% 2.75% 2.
Slide 16: Diversified Loan Portfolio
Diversified Loan Portfolio Loan Balances Outstanding Loan Portfolio Composition as of Sep 30, 2025 as of Sep 30, 2025 Consumer Commercial & 6.00 9% Industrial 5.56 5.44 5.33 5.37 11% 4.96 5.10 5.00 Construction 4% 4.00 $ Billions Commercial 3.00 Mortgage 30% 2.00 Residential 1.00 Mortgage 34% - 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 0.14%, • Over 90% CDs reprice within 1 year, while our high level of Interest-Bearing $1.3B Non-Maturing Deposits (NMDs) have the contr
Slide 18: Positive Reinvestment Cashflow
Positive Reinvestment Cashflow New origination continues to replace runoff at higher yields, improving weighted average yields and NIM Maturities & Paydowns (in $Millions) Yields Analysis (%) 300 8 6.92 228 206 215 6 200 4.96 5.01 4 2.84 2.87 100 2 39 34 23 0 0 1Q25 2Q25 3Q25 2Q25 WAR 3Q25 New 3Q25
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% 0.04% 0.03% 0.62% 0.62% 0.82% 0.01% 0.01% 0.01% 3Q24 4Q24 1Q25 2Q25 3Q25 3Q24 4Q24 1Q25 2Q25 3Q25 NPAs/Total Loans Annualized NCO/Avg Loans 1.5
Slide 20: Noninterest Income and Expense
Noninterest Income and Expense Noninterest Income Noninterest Expense 18.0 60.0 16.0 50.0 47.0 1.5 14.0 13.0 13.5 43.9 42.1 12.0 11.1 40.0 $ Millions $ Millions 10.0 30.0 8.0 45.5 6.0 20.0 4.0 10.0 2.0 0.0 0.0 1Q25 2Q25 3Q25 1Q25 2Q25 3Q25 • 3Q25 increase driven by investment services • 3Q25 increas
Slide 21: Strong Capital Position
Strong Capital Position Regulatory Capital Ratios As Sep 30, 2025 18.0% Highlights: 16.0% 15.7% 14.0% 12.6% • Repurchased 78K shares of CPF common stock 12.0% for $2.3 million in the 3Q25; 259K shares for 9.7% 10.0% $7.0 million YTD. 8.0% 6.0% • Increased 4th quarter cash dividend to $0.28 per 4.0%
Slide 22: Appendix
Appendix Central Pacific Financial Corp. 22
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: Commercial Real Estate Loan Portfolio
Commercial Real Estate Loan Portfolio CRE Portfolio Composition as of Sep 30, 2025 Shopping Center Storage Other 3% 2% • Investor 77% ($1.3B) / Owner-Occupied 23% ($0.4B) 3% Hotel Industrial/Warehouse • Hawaii 73% ($1.2B) / Mainland 27% ($0.4B) 10% 30% • WA LTV • Hawaii = 60% Office 14% • Mainland =
Slide 25: Consumer Loan Portfolio
Consumer Loan Portfolio Consumer Portfolio Composition as of Sep 30, 2025 ($ Millions) • Total Hawaii Consumer $223 million Mainland Auto HI Auto $150 , 31% $151 , 32% • Total Mainland Consumer $254 million • Weighted average origination FICO: • 746 for Hawaii Consumer • 753 for Mainland Consumer •
Slide 26: Historical Financial Highlights
Historical Financial Highlights Year Ended December 31, 2025 ($ Millions) 2017 2018 2019 2020 2021 2022 2023 2024 1Q 2Q 3Q Balance Sheet (period end data) Loans and leases $ 3,770.6 $ 4,078.4 $ 4,449.5 $ 4,964.1 $ 5,101.6 $ 5,555.5 $ 5,439.0 $ 5,332.9 $ 5,334.5 $ 5,289.8 $ 5,367.2 Total assets 5,623
Slide 27: Resilient Hawaii Economy
Resilient Hawaii Economy Hawaii has proven to be resilient despite uncertainty and Tourism Jobs Housing potential downstream impacts from U.S. trade policy Oahu Median Single- • Tourism Industry Slowing Visitor arrivals Unemployment Rate Family Home Price Aug 2025 Aug 2025 Sep 2025 • Softening of U.
Slide 28: 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 2025 • 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. 28
Slide 29: CPF CARES
CPF CARES Central Pacific Financial Corp. 29
Slide 30: Mahalo
Mahalo Central Pacific Financial Corp. 30
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