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Central Pacific Financial: Q1 Earnings Snapshot

HONOLULU (AP) — HONOLULU (AP) — Central Pacific Financial Inc. (CPF) on Wednesday reported first-quarter net income of $20.7 million.

The bank, based in Honolulu, said it had earnings of 78 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 74 cents per share.

The operator of Central Pacific Bank posted revenue of $88.7 million in the period. Its revenue net of interest expense was $72.9 million, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $74.1 million.

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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

Judge clears a lawsuit against Kyrsten Sinema under North Carolina’s ‘homewrecker’ law

PHOENIX (AP) — Former U.S. Sen. Kyrsten Sinema can be sued under North Carolina's homewrecker law over her relationship with a member of her security detail, a judge ruled Friday. Sinema has acknowledged having a romantic relationship with Matthew Ammel but argued that she can't be sued in North Carolina because she has no connection to the state. U.S. District Judge David A. Bragdon rejected that argument, saying nine text messages she sent Ammel while he was in the state give North Carolina jurisdiction over her. He found it implausible that she was unaware of Ammel's whereabouts when she texted him. Sinema's lawyer, Steven Epstein, did not immediately respond to an email seeking comment.
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