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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.


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