Recap: Central Pacific Financial Q3 Earnings

Shares of Central Pacific Financial CPF rose 0.1% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share decreased 52.94% over the past year to $0.24, which missed the estimate of $0.34.

Revenue of $49,120,000 higher by 7.60% year over year, which missed the estimate of $51,320,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

Central Pacific Financial hasn't issued any revenue guidance for the time being.

Conference Call Details

Date: Oct 28, 2020

Time: 01:00 PM

ET Webcast URL: https://services.choruscall.com/links/cpf201028.html

Recent Stock Performance

52-week high: $30.56

52-week low: $12.40

Price action over last quarter: down 8.22%

Company Profile

Central Pacific Financial Corp operates in the financial services sector in the United States. It acts as the holding company for Central Pacific Bank, through which it provides a range of banking products and services. It caters to businesses, professionals, and individuals through an array of loan products, including residential mortgage loans, commercial and consumer loans and lines of credit, commercial real estate loans and construction loans. Apart from its predominant banking segment, it also functions through a Treasury segment, which is responsible for managing the Company's investment securities portfolio and wholesale funding activities.