Central Pacific Financial Corp New · NYSE:CPF
Central Pacific Financial Corp New — Central Pacific Financial — Q2 2021 Earnings Presentation
13 slides from Central Pacific Financial Corp New's earnings presentation, Jul 28, 2021
Slide 1: 2nd Quarter 2021 Earnings Supplement
2nd Quarter 2021 Earnings Supplement July 28, 2021
Slide 2: Forward-Looking Statements
Forward-Looking Statements This document may contain forward-looking statements concerning: projections of revenues, expenses, income or loss, earnings or loss per share, capital expenditures, the payment or nonpayment of dividends, capital position, credit losses, net interest margin or other finan
Slide 3: 2nd Quarter 2021 Highlights
2nd Quarter 2021 Highlights 2Q 2021 • Quarterly pre-tax income reached a new high NET INCOME / DILUTED $18.7 Million / $0.66 EPS since 2007 +$103 Million (+2.3%) LOAN GROWTH • Strong core loan and deposit growth (excluding PPP) • Provision for credit loss release due to CORE DEPOSIT GROWTH +$279 Mil
Slide 4: SBA Paycheck Protection Program (PPP)
SBA Paycheck Protection Program (PPP) IN $ MILLIONS (except for loan ROUND 1 & 2 ROUND 3 count) (2020) (2021) As of 6/30/21 $558.9 $320.9 FUNDED $/COUNT • Committed to supporting local small businesses; CPB ~7,200 LOANS ~4,600 LOANS was a PPP leader in the Hawaii market FORGIVENESS/ $397.1 $32.2 • O
Slide 5: Strong Credit Metrics
Strong Credit Metrics CLASSIFIED ASSETS ALLOWANCE FOR CREDIT LOSSES (ACL) 15.00% $100 1.90% $100 13.00% $80 1.70% $80 11.00% $60 1.50% $60 9.00% $40 1.30% $40 7.00% 1.10% $20 5.00% $20 0.90% $0 3.00% $0 2Q20* 3Q20* 4Q20* 1Q21* 2Q21* 2Q20 3Q20 4Q20 1Q21 2Q21 Classified Assets + OREO (right) ACL in $
Slide 6: Innovation & Digital Banking Accomplishments
Innovation & Digital Banking Accomplishments Online Chat Online Account Opening Online chat to enhance CX Consumer platform to open available since April 2021 deposit accounts and term Online/Mobile Banking loans launched January 2021 New consumer platform Contactless Debit Cards launched in August
Slide 7: Resilient Hawaii Market
DAILY PASSENGER COUNTS TO HAWAII* Resilient Hawaii Market STRENGTHS AND RECOVERY FACTORS • Hawaii has the lowest per capita COVID-19 case rate in the nation1 • Approximately 60% of Hawaii residents are fully vaccinated2 • Visitor arrivals have recently rebounded to nearly pre-pandemic levels • Housi
Slide 8: Solid Liquidity & Capital Position
Solid Liquidity & Capital Position REGULATORY CAPITAL RATIOS AS OF JUNE 30, 2021 16.0% STRONG CAPITAL 14.9% Total RBC 14.0% • $230 million capital cushion to the well-capitalized Total 2.2% RBC minimum of 10% at 6/30/21 12.0% 1.1% • $55 million subordinated note offering completed in October Tier 2
Slide 9: Total Loan Portfolio
Total Loan Portfolio TOTAL LOAN PORTFOLIO OF $5,077MM OUTSTANDING BALANCE AS OF 6/30/2021 $ IN MILLIONS LOAN PORTFOLIO HIGHLIGHTS Commercial & Consumer Industrial • Conservative and Diversified Loan Portfolio $541 / 11% $486 / 10% Paycheck – 44% Commercial Protection – 56% Consumer Program $435 / 8%
Slide 10: Mahalo
Mahalo
Slide 11: Appendix
Appendix Central Pacific Financial Corp. 11
Slide 12: Environmental, Social & Governance (ESG)
Environmental, Social & Governance (ESG) 2020 ESG report can be viewed here: https://www.cpb.bank/esg Includes the 4 pillars below: Central Pacific Financial Corp. 12
Slide 13: Non-GAAP Financial Measures - Excluding PPP
Non-GAAP Financial Measures - Excluding PPP The Company believes the following non-GAAP financial measures provides useful information about our operating results and enhances the overall understanding of our past performance and future performance. Investors should consider our performance and fina
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