Revenue: As of FY2025, the actual value is USD 292.7 B.EPS: As of FY2025, the actual value is USD 2.86, beating the estimate of USD 2.7367.EBIT: As of FY2025, the actual value is USD 171.56 B.Central Pacific Financial Corp. operates as a single reportable segment: banking operations.<h4>Operational Metrics</h4><ul><li>Net Income: Net income was $77.5 million in 2025, increasing from $53.4 million in 2024, and $58.7 million in 2023.</li><li>Return on Average Assets (ROA): ROA was 1.06% in 2025, up from 0.72% in 2024, and 0.78% in 2023.</li><li>Return on Average Shareholders’ Equity (ROE): ROE was 13.62% in 2025, compared to 10.25% in 2024, and 12.38% in 2023.</li><li>Provision for Credit Losses: The company recorded a provision for credit losses of $15.7 million in 2025, which was higher than $9.8 million in 2024 but equal to $15.7 million in 2023.</li><li>Other Operating Income: Total other operating income increased by $13.1 million (33.8%) to $51.8 million in 2025 from $38.7 million in 2024. This increase was primarily due to a - $9.9 million loss on sale of investment securities in 2024, compared to a - $0.1 million loss in 2025, along with increases in other service charges and fees by $1.2 million and income from bank-owned life insurance (BOLI) by $0.8 million.</li><li>Other Operating Expense: Total other operating expense increased by $6.1 million (3.5%) to $178.7 million in 2025 from $172.6 million in 2024. This was mainly due to higher salaries and employee benefits ($7.8 million), computer software expense ($2.6 million), legal and professional services ($1.4 million), and $1.5 million in expenses related to the consolidation of the operations center, partially offset by $3.1 million in strategic expenses in 2024, lower amortization and impairment of intangible assets ($1.5 million), and lower directors’ deferred compensation plan expenses ($0.9 million).</li><li>Efficiency Ratio: The efficiency ratio improved to 61.05% in 2025, from 68.91% in 2024, and 63.95% in 2023.</li><li>Income Tax Expense: Income tax expense was $20.8 million in 2025, increasing from $14.6 million in 2024, but lower than $18.2 million in 2023. The effective tax rate was 21.2% in 2025, 21.5% in 2024, and 23.6% in 2023.</li></ul><h4>Loan Portfolio Performance</h4><ul><li>Total Loan Portfolio: The loan portfolio declined by $43.8 million (0.8%) to $5.29 billion in 2025, from $5.33 billion in 2024.<ul><li>Home Equity Loans: Decreased by $76.9 million (11.4%) to $600.1 million in 2025.</li><li>Consumer Loans: Decreased by $62.9 million (12.3%) to $447.6 million in 2025, though automobile loans increased by $35.4 million (14.6%) to $278.1 million within this category.</li><li>Residential Mortgage Loans: Decreased by $53.3 million (2.8%) to $1.84 billion in 2025.</li><li>Commercial Mortgage Loans: Increased by $93.8 million (6.2%) to $1.59 billion in 2025.</li><li>Construction Loans: Increased by $68.0 million (46.8%) to $213.2 million in 2025.</li><li>Commercial and Industrial Loans: Decreased by $12.3 million (2.0%) to $594.6 million in 2025, following a reclassification of $58.3 million in Hawaii consumer loans to this category.</li></ul></li><li>Geographic Distribution of Loans (December 31, 2025): Hawaii loans totaled $4.47 billion (84% of the portfolio), while U.S. Mainland loans amounted to $821.2 million (16%).</li><li>Nonperforming Assets: Totaled $14.4 million (0.19% of total assets) at December 31, 2025, compared to $11.0 million (0.15% of total assets) at December 31, 2024.</li></ul><h4>Deposits and Liquidity</h4><ul><li>Total Deposits: Declined by $34.2 million (0.5%) in 2025, mainly due to a $53.5 million run-off in high-cost time deposits greater than $250,000, partially offset by a $19.3 million (0.3%) growth in the core deposit portfolio.</li><li>Liquidity Sources (December 31, 2025): The company held $378.7 million in cash and approximately $2.52 billion in additional liquidity sources, representing about 116% of uninsured and uncollateralized deposits.</li><li>Insured Deposits: Approximately 62% of total deposits were insured by the FDIC or otherwise collateralized as of December 31, 2025.</li></ul><h4>Capital and Shareholder Returns</h4><ul><li>Capital Ratios (December 31, 2025): The Leverage ratio was 9.8%, Common Equity Tier 1 (CET1) capital ratio was 12.7%, Tier 1 risk-based capital ratio was 13.6%, and Total risk-based capital ratio was 14.8%, all exceeding regulatory standards for “well-capitalized” institutions.</li><li>Tangible Common Equity (TCE) Ratio: The TCE ratio was 8.00% at December 31, 2025, up from 7.21% at December 31, 2024.</li><li>Cash Dividends: Central Pacific Financial Corp. paid cash dividends of $1.09 per share in 2025.</li><li>Share Repurchases: In 2025, the company repurchased 788,261 shares of common stock at an aggregate cost of $23.3 million, averaging $29.60 per share.</li></ul><h4>Investment Portfolio</h4><ul><li>Total Investment Securities: Total investment securities decreased by $24.0 million (1.8%) to $1.31 billion at December 31, 2025, from $1.33 billion at December 31, 2024. The weighted-average yield of the investment portfolio increased by 4 basis points to 2.66% at December 31, 2025, from 2.62% at December 31, 2024.</li></ul><h4>Outlook / Guidance</h4>For 2026, the Hawaii Department of Business, Economic Development and Tourism projects a 3.0% unemployment rate, with real personal income and real gross state product expected to grow by 1.6% and 1.5% respectively. However, the University of Hawaii Economic Research Organization forecasts flat growth for real personal income and real gross state product, anticipating a 1.3% decline in visitor arrivals and a 2.4% decrease in visitor spending due to international market weakness, rising travel costs, and macroeconomic headwinds. The Federal Open Market Committee has also signaled the possibility of one more rate cut in 2026.

Central Pacific Financial | 10-K: FY2025 Revenue: USD 292.7 B