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Income Statement
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CENTRAL PACIFIC FINANCIAL CORP (CPF)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   10-K10-K10-K10-K10-K10-K10-K10-K/A
    Interest income:  
        Interest income on loans  200.3193.8186.1182.7159.5144.2132.0118.9
        Interest income on investments  31.224.425.732.538.237.834.837.0
       232.7218.8212.4216.4198.3182.6167.1156.0
    Interest expense:  
       17.17.714.732.325.314.99.26.5
Net interest income  215.6211.0197.7184.1173.0167.7158.0149.5
Provision for loan losses  -1.3-14.642.16.3    
Net interest income after provision for loan losses  216.8225.6155.6177.7173.0167.7158.0149.5
        Deposit and loan fees  8.26.46.28.48.48.57.911.5
        Gain on sale of investments, net         -1.9
        Other non-interest income  39.736.739.033.430.428.034.425.2
Total non-interest income  47.943.145.241.838.836.542.334.8
Non-interest expenses  166.0163.0151.7141.6134.7131.1132.5127.0
Equity in earnings      0.20.60.70.6
Pre-tax income before non-recurring items  98.8105.749.077.978.275.876.873.0
Non-recurring items        3.5 
Pre-tax income  98.8105.749.077.978.275.873.373.0
Income taxes  24.825.811.819.618.834.626.327.1
            Tax rate  25.2%24.4%24.0%25.2%24.0%45.6%35.9%37.1%
Net income  73.979.937.358.359.541.247.045.9
            Net margin  27.9%29.7%18.6%26.6%28.1%20.2%23.5%24.9%
   
Basic EPS  $2.70$2.85$1.33$2.05$2.02$1.36$1.52$1.42
Diluted EPS  $2.68$2.83$1.32$2.03$2.01$1.34$1.50$1.40
   
Shares outstanding (basic)  27.428.028.128.529.430.431.032.2
Shares outstanding (diluted)  27.628.328.228.729.630.631.232.7
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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