Central Pacific Financial Corp New · NYSE:CPF
Central Pacific Financial Corp New — Central Pacific Financial — Q3 2026 Earnings Presentation
27 slides from Central Pacific Financial Corp New's earnings presentation, Oct 28, 2026
Slide 1: 3rd Quarter 2026 Earnings Supplement and Investor Presentation
3rd Quarter 2026 Earnings Supplement and Investor Presentation October 28, 2026
Slide 2: Forward-Looking Statements
Forward-Looking Statements This document may contain forward-looking statements ("FLS") concerning, among other things: projections of revenues, expenses, income or loss, earnings or loss per share, capital expenditures, payment or nonpayment of dividends, net interest income, capital levels, credit
Slide 3: Central Pacific Financial – Who We Are
Central Pacific Financial – Who We Are Central Pacific Financial Corp. (CPF) is a Hawaii-based bank holding company. MARKET Central Pacific Bank (CPB), member FDIC, was founded in 1954 by INFORMATION Japanese-American veterans of World War II to serve the need of families and small businesses that d
Slide 4: Strategic Focus
Strategic Focus
Slide 5: CPF Strategic Focus
CPF Strategic Focus Our objective is to operate as a high-performing bank that delivers sustainable, growing returns and provides enhanced value to positively impact our employees, customers, community and shareholders. Our focus is on our core business. We believe we are positioned to drive strong
Slide 6: Core Hawaii franchise, supported by complementary drivers of growth
Core Hawaii franchise, supported by complementary drivers of growth Core Hawaii Franchise • Strong commitment to the Hawaii market • Solid franchise built on 70+ year legacy • Relative size in Hawaii provides market share growth opportunity • Leader and advocate for small Japan and Korea business an
Slide 7: Operational Excellence – Positive Operating Leverage
Operational Excellence – Positive Operating Leverage Efficiency Trend1 ($ in millions) 90 66% 58.3% 80 Efficiency Ratio1 64% 6.4 pts lower vs 4Q24 70 62% 60 58.27% 60% 50 58% 40 30 56% +16% Total Revenue2 Growth 54% 20 $66 million to $77 million 10 52% from 4Q24 to 3Q26 - 50% 4Q24 1Q25 2Q25 3Q25 4Q2
Slide 8: Capital Strategy: Enhancing Shareholder Value
Capital Strategy: Enhancing Shareholder Value Overall focus on being good stewards of capital and allocating capital optimally to provide shareholder value, while balancing risk Key Philosophies: Drive accretive returns to fuel capital growth, dividends, and Capital Priorities & Targets: strategic e
Slide 9: 3Q 2026 Financial Results
3Q 2026 mlatclaleltel Results
Slide 10: 3Q 2026 Financial Highlights
3Q 2026 Financial Highlights 3Q26 2Q26 • Net interest margin increased by 5 bps to NET INCOME / DILUTED $22.8 million $20.8 million EPS $0.88 $0.80 3.62%, driven by higher loan and investment securities yields, while deposits RETURN ON ASSETS 1.22% 1.12% costs held steady at 0.90% (ROA) • Average in
Slide 11: Key Actions & Drivers of Stronger Financial Performance
Key Actions & Drivers of Stronger Financial Performance •Improved loan portfolio mix with $102 million year-over-year growth in commercial mortgage loans, offset by $80 million year-over-year reduction in residential mortgage Balance Sheet and home equity loans Optimization/Asset •Loan portfolio mix
Slide 12: Profitability Improvements
Profitability Improvements Sustainable profitability and capital generation ROA % ROE % 1.30 1.22 18.00 16.00 15.28 1.10 14.00 0.90 12.00 0.70 10.00 0.50 8.00 1Q24 3Q24 1Q25 3Q25 1Q26 3Q26 1Q24 3Q24 1Q25 3Q25 1Q26 3Q26 1 1 GAAP Normalized (non-GAAP) GAAP Normalized (non-GAAP) NIM % EFFICIENCY RATIO2
Slide 13: Low-Cost Deposits Driven by Valuable Franchise
Low-Cost Deposits Driven by Valuable Franchise Total Deposits ($ in billions) 7.00 6.85 6.64 6.74 6.64 6.66 6.61 6.50 6.00 5.80 5.50 5.00 4.50 4.00 2020 2021 2022 2023 2024 2025 3Q26 Total Deposit Cost CPF total deposit cost 0.90% Total deposit beta of 24% in last rising-rate cycle 3.00% • 57% of de
Slide 14: Net Interest Income and NIM Expansion
Net Interest Income and NIM Expansion Net Interest Margin Net Interest Income Loan Yield Deposit Cost 3.62% $64.5 million 5.01% 0.90% +5 bps QoQ | +13 bps YoY +2.6% QoQ | +5.2% YoY +5 bps QoQ Stable QoQ $ in millions 70.0 4.00% 3.62% 65.0 3.50% 60.0 3.00% 55.0 2.50% 50.0 64.5 61.3 62.1 61.4 62.8 57.
Slide 15: Balanced Loan Portfolio
Balanced Loan Portfolio Loan Balances Outstanding ($ in billions) 6.00 5.56 5.44 5.33 5.31 5.10 5.29 5.10% 4.96 5.00 4.90% 4.70% 4.00 4.50% 3.00 4.30% 2.00 4.10% 3.90% 1.00 3.70% - 3.50% 2020 2021 2022 2023 2024 2025 3Q26 Loans Yields Loan Growth, by Category • CRE up $100 million year-over-year QoQ
Slide 16: Balance Sheet Sensitivity
Balance Sheet Sensitivity • 34% or $1.8B of the loan portfolio contractually reprices within 1 year • Over 95% or $0.9B CDs reprice within 1 year • Balance sheet sensitivity position is neutral to slightly asset sensitive • Loan rate mix: 56% fixed and 44% variable ▪ Contractual maturity ▪ Rate sens
Slide 17: Solid Credit Profile
5 Solid Credit Profile Asset quality remained solid and in the expected operating range Criticized/Total Loans NPAs/Total Loans 2.34% 1.77% 1.86% 1.81% 1.34% 0.31% 0.27% 0.27% 0.27% 0.26% 3Q25 4Q25 1Q26 2Q26 3Q26 3Q25 4Q25 1Q26 2Q26 3Q26 Allowance for Credit Losses and Coverage Ratio Annualized NCO/
Slide 18: Other Operating Income and Expense
Other Operating Income and Expense Other Operating Income ($ in millions) Other Operating Expense ($ in millions) 18.0 60.0 16.0 14.6 14.2 50.0 46.2 14.0 45.7 43.7 44.8 1.4 12.4 11.6 12.0 40.0 10.0 30.0 8.0 6.0 20.0 4.0 10.0 2.0 0.0 0.0 4Q25 1Q26 2Q26 3Q26 4Q25 1Q26 2Q26 3Q26 Other Operating Income
Slide 19: Strong Capital Position Supporting Organic Growth & Capital Return
Strong Capital Position Supporting Organic Growth & Capital Return Regulatory Capital Ratios YTD Capital Return ($ in millions) as of 9/30/26 60 52.7 55.8 16.0% 14.8% 49.2 50 14.0% 12.7% 12.0% 40 9.7% 30.7 29.1 10.0% 30 8.0% 6.0% 20 4.0% 10 2.0% 0.0% 0 Tier 1 Leverage CET1 Total Capital 2022 2023 20
Slide 20: Appendix
Appendix
Slide 21: Non-GAAP Disclosure
Non-GAAP Disclosure To supplement its consolidated financial information, the Company utilizes certain non-GAAP financial measures. These measures are not intended to be considered in isolation or as a substitute for comparable GAAP results. The Company believes these non-GAAP financial measures pro
Slide 22: Non-GAAP Disclosure (cont’d)
Non-GAAP Disclosure (cont’d) Historical reconciling adjustments shown below are: • 3Q25: approximately $1.2 million after tax related to the consolidation of the Company's former operations center into its main office in the three months ended September 30, 2025 • 4Q24: approximately $7.6 million af
Slide 23: Historical Financial Metrics
Historical Financial Metrics Year Ended December 31, 2026 ($ in millions) 2020 2021 2022 2023 2024 2025 1Q 2Q 3Q Balance Sheet (period end data) Loans and leases $ 4,964.1 $ 5,101.6 $ 5,555.5 $ 5,439.0 $ 5,332.9 $ 5,289.1 $ 5,320.3 $ 5,308.3 $ 5,313.1 Total assets 6,594.6 7,419.1 7,432.8 7,642.8 7,4
Slide 24: CPB’s Branch Footprint
Kauai CPB’s Oahu Branch Niihau Footprint Molokai Maui Lanai Kahoolawe Hawaii Island 27 branches on 4 islands 70+ year Kauai (1), Oahu (20), legacy Maui (4), and Hawaii (2) & 56 ATMs Note: Map is not to scale Central Pacific Financial Corp. 24
Slide 25: Resilient Hawaii Economy
Resilient Hawaii Economy Tourism Jobs Housing Key State of Hawaii Highlights Oahu Median Single- Hawaii Visitor Industry Update Visitor arrivals Unemployment Rate Family Home Price • Visitor expenditures totaled $15.2 billion through August 2026 year-to-date, up Aug 2026 Sep 2026 Sep 2026 4.1% year-
Slide 26: CPB Named Best Bank in Hawaii by TIME, Forbes, Newsweek, and Honolulu Star-Advertiser
CPB Named Best Bank in Hawaii by TIME, Forbes, Newsweek, and Honolulu Star-Advertiser • TIME’s America’s Best Companies of 2026 List • Forbes’ Best-In-State Banks 2026 • Newsweek’s America’s Best Regional Banks 2026 • SBA Lender of the Year for 2025 Central Pacific Financial Corp. 26
Slide 27: Mahalo
PUES UCI RRS DODD R= DODD DDD DIR SADIEDOD Mahalo
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