Central Pacific Financial beats Q2 estimates and raises dividend

Earnings
โดย Seeking Alpha·Read original
Summary · why it matters

Central Pacific Financial reported second-quarter GAAP earnings of $0.80 per share, beating analyst estimates by $0.02. Revenue came in at $77.45 million, a 6.4% increase year-over-year and $1.76 million above expectations. The company posted a return on average assets of 1.12% and a return on average equity of 13.94%, while its net interest margin rose 4 basis points from the prior quarter to 3.57%. The board declared a third-quarter cash dividend of $0.30 per share, a 3.4% increase from the previous quarter.

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