At a glance
Central Pacific Financial Corp is worth $964.1M, about 13 times its fiscal 2025 earnings. Revenue grew 16.9% to $292.7M in fiscal 2025, with 26.5% kept as profit; over 5 years it has grown 3.8% a year. It pays a 3.06% dividend yield, and returned $141.1M to shareholders in dividends and buybacks over FY2021–FY2025. The stock returned +29.6% over the past year with dividends reinvested and +11.3% a year over five years, against +11.5% and +11.7% for the S&P 500. At its worst it fell 55.1% in the 2020 crash (S&P 500: 33.7%) and 32.2% in the 2022 bear market (S&P 500: 24.5%), and was back at its earlier high 12 months and 23 months after the lows.
The business in plain English
Central Pacific Financial owns Central Pacific Bank, a Hawaii commercial bank founded by World War II veterans to serve people and small businesses that lacked access to banking. It runs 27 branches and 55 ATMs across the state, including 20 branches on Oahu, four on Maui, two on Hawaii Island and one on Kauai. It ranked fourth among Hawaii's FDIC-insured institutions by deposit market share as of December 31, 2025.
The bank gathers deposits from households and businesses and lends that money out. Its five main loan types are home mortgages and home equity loans, business loans and credit lines to small and mid-sized Hawaii companies, commercial real estate loans, construction loans and consumer loans such as auto loans. About 80% of loans were tied to real estate as of December 31, 2025. It also offers cash management, digital banking, trust and investment management services.
The company reports one segment, banking, and does not split revenue by region. Most income is net interest income: the gap between what it earns on loans and investments and what it pays on deposits. In fiscal 2025 that was $240.9 million, against $51.8 million of noninterest income such as service fees. To diversify, the bank lends on the U.S. Mainland and works with financial institutions in Japan and Korea to broaden funding.
Price history
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CPF +29.6% over the year to Oct 28, 2026, total return with dividends reinvested.
Latest results
- In Q3 FY2026 (ended Sep 30, 2026), revenue was $76.8M, up 2.7% from a year earlier, and net income was $22.8M (+22.6%).
- For fiscal 2025, revenue was $292.7M (+16.9% year over year; +3.8% a year from FY2020 to FY2025) with a 26.5% net margin.
Financial health check
| Revenue growth a year (FY2020–FY2025) | +3.8% watch |
|---|---|
| Return on equity | 13.1% good |
| Net income / revenue | 26.5% good |
| Deposits | $6.66B |
| Loans | $5.25B |
| Fiscal year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2020 | $242.9M | $37.3M | — |
| FY2021 | $254.1M | $79.9M | — |
| FY2022 | $263.5M | $73.9M | — |
| FY2023 | $256.7M | $58.7M | — |
| FY2024 | $250.5M | $53.4M | — |
| FY2025 | $292.7M | $77.5M | — |
Valuation snapshot
| Market value | $964.1M |
|---|---|
| P/E ratio | 13.2 |
| Dividend yield | 3.06% |
Rank among 1514 US companies
Market value at each year end
Central Pacific Financial’s market value went from $968.7M at the end of 2016 to $964.1M on Oct 28, 2026, down 0%; since the end of 2025 it is up 15%.
Show as a table
| Year end | Market value | Change |
|---|---|---|
| Oct 28, 2026 | $964.1M | +15.3% |
| 2025 | $835.9M | +6.3% |
| 2024 | $786.2M | +47.7% |
| 2023 | $532.2M | -3.6% |
| 2022 | $552.2M | -29.9% |
| 2021 | $787.8M | +47.1% |
| 2020 | $535.7M | -36.2% |
| 2019 | $839.4M | +18.2% |
| 2018 | $710.3M | -21.0% |
| 2017 | $898.7M | -7.2% |
| 2016 | $968.7M |
Price behavior
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | |
|---|---|---|---|---|---|
| CPF price data to Oct 28, 2026 | +24.7% | +29.6% | +39.9% | +11.3% | +8.2% |
Show as a table
| Year | Price data |
|---|---|
| 2026 (to date) | +24.7% |
| 2025 | +11.3% |
| 2024 | +54.3% |
| 2023 | +2.9% |
| 2022 | -24.8% |
| 2021 | +53.8% |
| 2020 | -32.4% |
| 2019 | +25.4% |
| 2018 | -16.0% |
| 2017 | -2.9% |
| 2016 | +46.2% |
| 2015 | +6.1% |
| 2014 | +9.1% |
| 2013 | +29.9% |
| 2012 | +20.7% |
| 2011 | -57.8% |
| 2010 | +16.8% |
| 2009 | -87.0% |
| 2008 | -43.1% |
| 2007 | -50.7% |
| 2006 | +10.5% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Lost 85.6% over that stretch · deepest drop along the way 87.2%, not recovered by the end of the data |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Lost 55% over that stretch · deepest drop along the way 55.1%, back to its old high 11.6 months after the low |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Lost 22.8% over that stretch · deepest drop along the way 32.2%, back to its old high 22.8 months after the low |
Insider activity
Form 4 filings from 2025-10-29 to 2026-10-29 (18 read): 0 open-market purchases and 0 sales ($0.00).
Who owns it
Large shareholders (13G filings)
| Vanguard Capital Management | 5.01% | Mar 31, 2026 |
| Dimensional Fund Advisors LP | 4.8% | Mar 31, 2025 |
| STATE STREET CORPORATION | 4.7% | Mar 31, 2025 |
ETFs with the most weight in CPF
| FDM First Trust Dow Jones Select MicroCap Index Fund | 1.42% |
| SVAL iShares US Small Cap Value Factor ETF | 0.64% |
| ROSC Hartford Multifactor Small Cap ETF | 0.5% |
| HEJD VictoryShares Hedged Equity Income ETF | 0.47% |
| VFMF Vanguard U.S. Multifactor ETF | 0.28% |
| IWC iShares Micro-Cap ETF | 0.21% |
| PSCF Invesco S&P SmallCap Financials ETF | 0.21% |
| SEIS SEI Select Small Cap ETF | 0.2% |
What could go wrong
- Its fortunes are tied to Hawaii. Its business is concentrated in Hawaii, so a slump in tourism or the state's real estate market would hurt loan quality and growth together, with little elsewhere to offset it.
- Most loans lean on real estate. About 80% of loans were tied to real estate as of December 31, 2025. Falling property values would erode the security behind those loans and could push up losses when borrowers default.
- Rising homeowners insurance costs. Sharp increases in homeowners insurance premiums, and trouble getting coverage at all, could cool the residential real estate market that backs the bank's mortgage and home equity loans.
- Natural disasters on the islands. All of its branches are on Oahu, Maui, Hawaii Island and Kauai. A storm, fire or other disaster could damage property backing its loans, disrupt borrowers and hurt tourism.
- Interest rate swings hit bond values. Higher interest rates lowered the market value of its fixed-rate securities and loans. Those losses stay on paper unless the bank is forced to unload them for cash. Rate moves also affect lending profits.
- Depositors may chase higher yields. The bank relies on stable, low-cost Hawaii deposits for funding. If customers move money to higher-paying accounts or investments, it must pay more to hold deposits, squeezing the profit it makes on loans.
Recent events
- Quarterly results released; Investor presentation or announcement
- Quarterly results released; Investor presentation or announcement
- Shareholder vote results
- Shareholder vote results
- Quarterly results released; Investor presentation or announcement
- Quarterly results released; Investor presentation or announcement
- Investor presentation or announcement
- Executive or board change
- Quarterly results released; Investor presentation or announcement
For income and retirement investors
Central Pacific Financial pays a regular dividend. It paid $1.09 per share for fiscal 2025, up from $0.92 for 2020, growth of about 3.4% a year. The dividend sat at $1.04 from 2022 through 2024, so the streak of annual increases stood at one year after the 2025 raise. Dividends took 37.9% of fiscal 2025 earnings (the payout ratio), leaving most profit in the business. The yield was 3.06% as of October 28, 2026. Shares outstanding fell 8.1% between January 2022 and October 2026, giving each remaining share a slightly larger slice of profits.
Downturns hit the stock hard. It fell 87.2% in the 2008 financial crisis and had not regained its 2007 peak as of October 28, 2026. It dropped 55.1% in the 2020 COVID crash and recovered in under a year, then fell 32.2% in the 2022 bear market and took nearly two years to recover. Any single stock carries more risk than a diversified fund.
Questions investors ask
How does Central Pacific Financial make money?
Mostly by lending. Central Pacific Bank takes deposits in Hawaii and lends the money out as home, business, commercial real estate, construction and consumer loans. It earns net interest income, the gap between interest it collects and interest it pays. In fiscal 2025 that was $240.9 million of $292.7 million in total revenue. The other $51.8 million was noninterest income, such as fees on deposits and other services. Net income rose 45.1% to $77.5 million, a 13.1% return on shareholders' equity.
Does Central Pacific Financial raise its dividend every year?
No. The dividend rose from $0.92 per share in fiscal 2020 to $0.96 in 2021 and $1.04 in 2022, then held at $1.04 through 2024. It rose to $1.09 in 2025, so the streak of yearly increases was one year. Over fiscal 2020 to 2025 the dividend grew about 3.4% a year. The company paid $141.1 million in dividends over fiscal 2021 through 2025.
What is CPF's dividend yield?
The dividend yield was 3.06% as of October 28, 2026. Yield is the yearly dividend divided by the share price. The company's stock market value was about $964 million on that date. Dividends took 37.9% of fiscal 2025 earnings, a moderate share that leaves room if profits dip. The stock also traded at 13.2 times fiscal 2025 earnings of $2.86 per share. That price-to-earnings (P/E) ratio shows what investors pay for each dollar of yearly profit.
Is Central Pacific Bank only in Hawaii?
Its branches are, but not all of its lending. All 27 branches and 55 ATMs are in Hawaii, including 20 branches on Oahu, and results are closely tied to the state's economy. To diversify, the bank also lends on the U.S. Mainland and partners with financial institutions in Japan and Korea. As of September 30, 2026, it held $6.66 billion of deposits and $5.25 billion of loans, within $7.45 billion of total assets.
How did CPF stock do in the 2008 financial crisis?
Very poorly. The stock fell 87.2% from its October 9, 2007 peak to its March 5, 2009 low. The deepest decline in its price history reached 98.7% from a prior high. It had not regained the 2007 peak as of October 28, 2026. Later declines were smaller: 55.1% in the 2020 COVID crash and 32.2% in the 2022 bear market. It recovered from those in about 12 and 23 months.