Revenue: As of FY2025 Q4, the actual value is USD 76.29 M.EPS: As of FY2025 Q4, the actual value is USD 0.85, beating the estimate of USD 0.7267.EBIT: As of FY2025 Q4, the actual value is USD -33.88 M.<h4>Net Income</h4>Net income for the fourth quarter of 2025 was $22.9 million, compared to $18.6 million in the prior quarter and $11.3 million in the same quarter last year.For the full year 2025, net income was $77.5 million, compared to $53.4 million in 2024, marking a 45% increase from 2024.<h4>Return on Average Assets (ROA)</h4>ROA for the fourth quarter of 2025 was 1.25%, compared to 1.01% in the prior quarter and 0.62% in the same quarter last year.For the full year 2025, ROA was 1.06%, compared to 0.72% in 2024.<h4>Return on Average Equity (ROE)</h4>ROE for the fourth quarter of 2025 was 15.41%, compared to 12.89% in the prior quarter and 8.37% in the same quarter last year.For the full year 2025, ROE was 13.62%, compared to 10.25% in 2024.<h4>Efficiency Ratio</h4>The efficiency ratio improved to 59.88% in the fourth quarter of 2025, compared to 62.84% in the prior quarter and 75.65% in the same quarter last year.The efficiency ratio for the full year 2025 was 61.05%, compared to 68.91% for the full year 2024.The adjusted efficiency ratio (non-GAAP) was 60.81% for the third quarter of 2025 and 64.65% for the fourth quarter of 2024.<h4>Net Interest Margin (NIM)</h4>NIM for the fourth quarter of 2025 was 3.56%, an increase of 7 basis points from the prior quarter and 39 basis points from the same quarter last year.NIM expanded by 44 basis points year-over-year from 3.01% in 2024.For the full year 2025, NIM was 3.45%, compared to 3.01% for the full year 2024.<h4>Share Repurchases and Dividends</h4>Central Pacific Financial Corp. repurchased 529,613 shares of common stock at a total cost of $16.3 million during the fourth quarter of 2025.For the full year 2025, the company repurchased 788,261 shares at a total cost of $23.3 million.The Board of Directors authorized a new share repurchase program of $55 million for 2026.The Board of Directors increased the quarterly cash dividend by 3.6% to $0.29 per share, payable on March 16, 2026.Total cash dividends declared per share for 2025 was $1.09, compared to $1.04 in 2024.In total, $52.7 million was returned to shareholders during 2025 through cash dividends and share repurchases.A quarterly cash dividend of $0.29 per share was declared for 1Q26, representing a 3.6% increase from the prior quarter.<h4>Net Interest Income</h4>Net interest income for the fourth quarter of 2025 totaled $62.1 million, an increase of $0.8 million (1.3%) from the prior quarter and $6.3 million (11.3%) compared to the same quarter last year.Net interest income for the full year 2025 was $240.883 million, compared to $211.733 million in 2024.<h4>Provision for Credit Losses</h4>The company recorded a provision for credit losses of $2.4 million in the fourth quarter of 2025, compared to $4.2 million in the prior quarter and $0.8 million in the same quarter last year.The provision for credit losses for the full year 2025 was $15.712 million, compared to $9.826 million in 2024.<h4>Other Operating Income (Noninterest Income)</h4>Other operating income for the fourth quarter of 2025 totaled $14.2 million, compared to $13.5 million in the prior quarter and $2.6 million in the same quarter last year.For the full year 2025, other operating income was $51.817 million, compared to $38.723 million in 2024.<h4>Other Operating Expense (Noninterest Expense)</h4>Other operating expense for the fourth quarter of 2025 totaled $45.7 million, compared to $47.0 million in the prior quarter and $44.2 million in the same quarter last year.For the full year 2025, other operating expense was $178.707 million, compared to $172.591 million in 2024.<h4>Effective Tax Rate</h4>The effective tax rate for the fourth quarter of 2025 was 18.9%, compared to 21.4% in the prior quarter and 15.4% in the same quarter last year.<h4>Total Assets</h4>As of December 31, 2025, total assets were $7.41 billion, a decrease of $12.2 million (0.2%) from $7.42 billion at September 30, 2025, and a decrease of $62.9 million (0.8%) from $7.47 billion at December 31, 2024.<h4>Total Loans (Net of Deferred Fees and Costs)</h4>Total loans were $5.29 billion at December 31, 2025, a decrease of $78.1 million (1.5%) from $5.37 billion at September 30, 2025, and a decrease of $43.8 million (0.8%) from $5.33 billion at December 31, 2024.The average yield earned on loans during the fourth quarter of 2025 was 4.99%, compared to 5.01% in the prior quarter and 4.91% in the same quarter last year.The overall portfolio yield was 4.99%, up 8 basis points from 4Q24.Construction loans increased by 47% ($68 million) year-over-year, while Residential &amp; HELOC loans decreased by -5% (-$130 million).The loan portfolio composition as of December 31, 2025, included Residential Mortgage (35%), Commercial Mortgage (31%), Commercial &amp; Industrial (11%), Home Equity (11%), Consumer (8%), and Construction (4%).<h4>Deposits</h4>Core deposits totaled $6.06 billion at December 31, 2025, an increase of $78.2 million (1.3%) from $5.98 billion at September 30, 2025, and an increase of $19.3 million (0.3%) from $6.04 billion at December 31, 2024.Core deposits grew by $78 million from the prior quarter.Total deposits were $6.61 billion at December 31, 2025, an increase of $32.1 million (0.5%) from $6.58 billion at September 30, 2025, and a decrease of $34.2 million (0.5%) from $6.64 billion at December 31, 2024.The average rate paid on total deposits during the fourth quarter of 2025 was 0.94%, compared to 1.02% in the prior quarter and 1.21% in the same quarter last year.The total deposit cost was 0.94% in 4Q25, decreasing 8 basis points from the prior quarter and down 27 basis points from 4Q24.The deposit portfolio composition as of December 31, 2025, was 29% Noninterest Bearing Demand, 21% Interest Bearing Demand, 35% Savings &amp; Money Market, and 15% Time.<h4>Asset Quality</h4>Nonperforming assets totaled $14.4 million, or 0.19% of total assets, at December 31, 2025, consistent with $14.3 million (0.19%) at September 30, 2025, but up from $11.0 million (0.15%) at December 31, 2024.Nonperforming assets (NPAs/Total Loans) stood at 0.27% in 4Q25.Net charge-offs in the fourth quarter of 2025 totaled $2.5 million, compared to $2.7 million in the prior quarter and $3.8 million in the same quarter last year.On an annualized basis, net charge-offs as a percentage of average loans improved to 0.18% in the fourth quarter of 2025, compared to 0.20% in the prior quarter and 0.29% in the same quarter last year.The allowance for credit losses on loans was 1.13% of total loans as of December 31, 2025, consistent with September 30, 2025, and up from 1.11% at December 31, 2024.Delinquencies (90+ Days/Total Loans) were maintained at 0.03% in 4Q25.Criticized Loans/Total Loans decreased to 1.35% in 4Q25 from 1.77% in 3Q25.<h4>Capital</h4>Total shareholders’ equity at December 31, 2025, was $592.6 million, compared to $588.1 million at September 30, 2025, and $538.4 million at December 31, 2024.The company’s regulatory capital ratios at December 31, 2025, were: leverage ratio of 9.8%, Common Equity Tier 1 (CET1) ratio of 12.7%, Tier 1 risk-based capital ratio of 13.6%, and total risk-based capital ratio of 14.8%.The company redeemed in full its $55.0 million of 4.75% fixed-to-floating rate subordinated notes due 2030 on November 1, 2025.Book value per common share was $22.47 at December 31, 2025, compared to $21.86 at September 30, 2025, and $19.89 at December 31, 2024.Tangible Common Equity (TCE) was 8.00% as of December 31, 2025, up from 7.21% in 2024.<h4>Outlook / Guidance</h4>中央太平洋银行 (Central Pacific Financial Corp.) aims to maintain a quarterly cash dividend with approximately a 40% payout ratio and plans to fund accretive loan growth and share repurchases.The company targets a CET1 ratio of 11-12% and a TCE ratio of 7.5-8.5%.A new share repurchase authorization for up to $55 million in 2026 has been approved by the Board.

Central Pacific Financial | 8-K: FY2025 Q4 Revenue: USD 76.29 M