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Central Pacific Financial: 4Q Earnings Snapshot

HONOLULU (AP) _ Central Pacific Financial Inc. (CPF) on Wednesday reported fourth-quarter net income of $15.8 million.

The Honolulu-based bank said it had earnings of 54 cents per share.

The operator of Central Pacific Bank posted revenue of $61.7 million in the period. Its revenue net of interest expense was $54.1 million, topping Street forecasts.

For the year, the company reported profit of $59.5 million, or $2.01 per share. Revenue was reported as $211.8 million.

Central Pacific Financial shares have risen 11 percent since the beginning of the year. The stock has decreased almost 10 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CPF at https://www.zacks.com/ap/CPF