Central Pacific Financial Q2 Profit Declines, But Meets Estimates

RTTNews | 739 dias atrás
Central Pacific Financial Q2 Profit Declines, But Meets Estimates

(RTTNews) - Central Pacific Financial Corp. (CPF) the parent company of Central Pacific Bank, on Wednesday reported that net income for the second quarter declined to $14.48 million or $0.53 per share from $17.59 million or $0.64 per share in the prior-year quarter.

The company recorded a provision for credit loss of $4.32 million, compared to $989 million last year.

Net interest income edged down to $52.73 million from $52.98 million in the year-ago quarter. Other operating income declined to $10.44 million from $17.14 million a year ago.

On average, analysts polled by Thomson Reuters expected the company to report earnings of $0.53 per share on revenues of $53.49 million for the quarter. Analysts' estimates typically exclude special items.

On Tuesday, the Company's Board of Directors declared a quarterly cash dividend of $0.26 per share on its outstanding common shares, payable on September 15, 2023 to shareholders of record at the close of business on August 31, 2023.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Marcadores : CPF
read more
Central Pacific Financial Q4 Profit Declines, But Tops Estimates

Central Pacific Financial Q4 Profit Declines, But Tops Estimates

Central Pacific Financial Corp. (CPF) the parent company of Central Pacific Bank, on Wednesday reported that net income for the fourth quarter declined to $20.18 million or $0.74 per share from $22.33 million or $0.80 per share in the prior-year quarter.
RTTNews | 921 dias atrás
Central Pacific Financial Q3 Profit Declines, But Tops Estimates

Central Pacific Financial Q3 Profit Declines, But Tops Estimates

Central Pacific Financial Corp. (CPF) the parent company of Central Pacific Bank, on Friday reported that net income for the third quarter declined to $16.72 million or $0.61 per share from $20.82 million or $0.74 per share in the prior-year quarter.
RTTNews | 1017 dias atrás
Australian Market Extends Early Losses In Mid-market

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in choppy mid-market trading on Monday, also adding to the losses in the previous two sessions, following the broadly negative cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling below the 8,650.00 level, with weakness in energy, financial and technology stocks partially offset by strong gains in mining stocks.
RTTNews | 1h 26min atrás
Asian Markets Trade Mixed

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Monday, following the negative cues from Wall Street on Friday, amid concerns about the economic impact of US President Donald Trump's unilateral "reciprocal tariffs" and aggressive trade stance on the global economy. However, the weaker than expected US monthly jobs data increased optimism about a potential interest rate cut by the US Fed in September.
RTTNews | 2h 8min atrás
Thai Stock Market Expected To Open In The Red Again On Monday

Thai Stock Market Expected To Open In The Red Again On Monday

The Thai stock market has moved lower in consecutive trading days, falling more than 25 points or 2 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,220-point plateau and it's likely in for a rough ride again on Monday.
RTTNews | 3h 10min atrás
Indonesia Bourse May Turn Lower Again On Monday

Indonesia Bourse May Turn Lower Again On Monday

The Indonesia stock market on Friday halted the two-day slide in which it had dropped almost 140 points or 1.9 percent. The Jakarta Composite Index now sits just shy of the 7,540-point plateau although it's likely to head south again on Monday.
RTTNews | 3h 40min atrás