Here's What Key Metrics Tell Us About Central Pacific Financial (CPF) Q3 Earnings
For the quarter ended September 2023, Central Pacific Financial (CPF) reported revenue of $61.98 million, down 4.6% over the same period last year. EPS came in at $0.49, compared to $0.61 in the year-ago quarter.
The reported revenue represents a surprise of -0.59% over the Zacks Consensus Estimate of $62.35 million. With the consensus EPS estimate being $0.52, the EPS surprise was -5.77%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Central Pacific Financial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Total nonperforming assets: $6.65 million versus $10.96 million estimated by two analysts on average.
Efficiency Ratio: 63.9% versus 63.5% estimated by two analysts on average.
Net Interest Margin: 2.9% versus the two-analyst average estimate of 2.9%.
Net charge-offs to average loans: 0.3% compared to the 0.2% average estimate based on two analysts.
Total nonaccrual loans: $6.65 million compared to the $6.96 million average estimate based on two analysts.
Average Balance - Total interest earning assets: $7.20 billion compared to the $7.19 billion average estimate based on two analysts.
Total noninterest Income/ Total other operating income: $10.05 million versus the two-analyst average estimate of $10.53 million.
Net Interest Income: $51.93 million versus the two-analyst average estimate of $51.72 million.
View all Key Company Metrics for Central Pacific Financial here>>>
Shares of Central Pacific Financial have returned -4% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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