Central Pacific Financial Corp. (CPF) Wednesday reported net income of $12.95 million, or $0.48 per share for the first quarter, lower than $16.19 million, or $0.60 per share in the year-ago quarter.
Net interest income was $50.19 million for the quarter, a decline of 7.4 percent from last year.
The Company recorded a provision for credit losses of $3.94 million in the first quarter, compared to $1.85 million a year ago.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.