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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

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