Street Calls of the Week
Central Pacific Financial Corp. (NYSE:CPF), a Hawaii-based financial institution with a market capitalization of $814 million and a P/E ratio of ~13.4x, announced that A. Catherine Ngo has resigned from its board of directors, as well as from the board of its subsidiary, Central Pacific Bank, effective Wednesday. According to a statement in a press release filed with the Securities and Exchange Commission, Ms. Ngo informed the company of her decision on Tuesday.
Ms. Ngo has served as a director for both Central Pacific Financial and Central Pacific Bank since 2015. The company stated that her resignation is due to personal reasons and is not related to any disagreement with the company or the bank on any matter.
Central Pacific Financial is headquartered in Honolulu, Hawaii, and its common stock is traded on the New York Stock Exchange under the symbol CPF. This information is based on a press release statement included in the company’s SEC filing.
In other recent news, Central Pacific Financial Corp. reported its second-quarter earnings for 2025, surpassing market expectations. The company achieved an earnings per share (EPS) of $0.67, exceeding the forecasted $0.64. Revenue also outperformed predictions, reaching $72.81 million compared to the expected $71.8 million. In addition to these financial results, Piper Sandler initiated coverage on Central Pacific Financial with an Overweight rating and a $35.00 price target, citing the bank’s discounted valuation and competitive profitability outlook. The firm emphasized Central Pacific Financial’s capacity for organic growth and its status as the fourth-largest bank in Hawaii. Furthermore, Central Pacific Financial announced a realignment of its executive officer roles, effective September 1, 2025. Anna Hu, Diane Murakami, and Kisan Jo will no longer be considered "executive officers" under certain regulatory definitions but will continue in their current positions at Central Pacific Bank. These developments reflect ongoing strategic adjustments and positive financial performance for the company.
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