Central Pacific Financial Q2 Profit Down

(RTTNews) - Central Pacific Financial Corp. (CPF), parent company of Central Pacific Bank, reported that its net income for the second quarter of 2019 declined to $13.5 million or $0.47 per share, from $14.2 million, or $0.48 per share in the second quarter of 2018. Analysts polled by Thomson Reuters expected the company to report earnings of $0.51 per share. Analysts' estimates typically exclude special items.

Net interest income for the second quarter of 2019 was $45.4 million, up from $42.7 million in the year-ago.

The company declared a quarterly cash dividend of $0.23 per share. The dividend will be payable on September 16, 2019 to shareholders of record at the close of business on August 30, 2019.