Central Pacific Financial Corp. (CPF) SEC Filings & Earnings Calls

Hawaii Economic Concentration

“Our operations are primarily concentrated in the State of Hawaii, making our performance highly sensitive to local economic, environmental, and industry-specific conditions — particularly those affecting real estate, tourism, and broader macroeconomic trends.” · word for word

Criticized Loan Increase

“Criticized loans increased by $52.8 million from December 31, 2025 to $124.0 million, or 2.3% of total loans, as of June 30, 2026.” · word for word

Geopolitical and Inflation Risk

“The U.S. conflict with Iran impacted oil prices contributing to an increase in inflation which is projected to reach 4.8% mid-year and remain at higher levels through 2028.” · word for word

Provision increase due to economic forecast changes

“The increase from the prior quarter was primarily driven by changes in the economic forecast used in our current expected credit losses model” · word for word

Provision for credit losses stable at $2.4M; credit quality remains manageable.

“Provision for credit losses of $2.4 million, unchanged from prior quarter.” · word for word

Geopolitical risk from Middle East conflict

“Any potential impacts from this conflict could have broad-based implications for Hawaii depending on its duration, scope, and intensity” · word for word

Tourism headwinds from yen depreciation and international sentiment

“Stagnant tourism volume from Japan is beginning to improve, but faces headwinds with the depreciation of the yen.” · word for word

Criticized loans increase

“Criticized loans increased by $27.6 million from December 31, 2025 to $98.7 million, or 1.9% of total loans” · word for word

Credit quality deterioration

“Criticized assets increased to $71.2 million at the end of 2025, compared to $32.8 million at the end of 2024.” · word for word

Concentration in Hawaii economy

“With operations fully based in Hawaii, the Company’s performance is closely tied to the strength of the state’s economy and overall banking industry conditions.” · word for word

Hawaii Economic Concentration

“Our operations are primarily concentrated in the State of Hawaii, making our performance highly sensitive to local economic, environmental, and industry-specific conditions, particularly those affecting broader macroeconomic trends, real estate, and tourism.” · word for word

Tourism Downturn

“Total visitor arrivals by air are expected to decline by approximately 1.3% to 9.5 million in 2026, reflecting continued weakness in international markets, rising travel costs, and broader macroeconomic headwinds associated with a mild economic recession.” · word for word

Credit Loss Provision Increase

“We recorded a provision for credit losses of $15.7 million in 2025, compared to a provision of $9.8 million in 2024.” · word for word

Provision for credit losses increased to $2.4M from $0.8M YoY

“Provision for credit losses of $2.4 million in Q4 2025 vs $0.8 million in Q4 2024.” · word for word

Presentation includes standard risk factors; no new material risks identified.

“Forward-looking statements and risk factors included in the presentation.”

Hawaii economic recession risk

“UHERO's September 2025 forecast projects a challenging economic outlook for Hawaii through the remainder of the year, with a mild recession expected.” · word for word

Tourism sector decline

“Total visitor arrivals by air are expected to decline by approximately 1.3% to 9.58 million in 2025, down from 9.71 million in 2024.” · word for word

Credit quality deterioration

“Nonperforming assets totaled $14.3 million, or 0.19% of total assets as of September 30, 2025, compared to $11.0 million, or 0.15% of total assets as of December 31, 2024.” · word for word

Concentration in Hawaii real estate

“Our operations are primarily concentrated in the State of Hawaii, making our performance highly sensitive to local economic, environmental, and industry-specific conditions—particularly those affecting real estate, tourism, and broader macroeconomic trends.” · word for word