# EDGAR Filing Document

**Accession Number:** 0000701347
**File Stem:** 0000701347-25-000063
**Filing Date:** 2025-12
**Character Count:** 34002
**Document Hash:** 3180a0a333e8de32ab64193ab76897a2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000701347-25-000063.hdr.sgml**: 20251216

**ACCESSION NUMBER**: 0000701347-25-000063

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 43

**CONFORMED PERIOD OF REPORT**: 20251216

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20251216

**DATE AS OF CHANGE**: 20251216

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CENTRAL PACIFIC FINANCIAL CORP
- **CENTRAL INDEX KEY:** 0000701347
- **STANDARD INDUSTRIAL CLASSIFICATION:** STATE COMMERCIAL BANKS [6022]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 990212597
- **STATE OF INCORPORATION:** HI
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-31567
- **FILM NUMBER:** 251573671

**BUSINESS ADDRESS:**
- **STREET 1:** 220 S KING ST
- **CITY:** HONOLULU
- **STATE:** HI
- **ZIP:** 96813
- **BUSINESS PHONE:** 8085440500

**MAIL ADDRESS:**
- **STREET 1:** P O BOX 3590
- **CITY:** HONOLULU
- **STATE:** HI
- **ZIP:** 96811

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CPB INC
- **DATE OF NAME CHANGE:** 19920703

?xml version='1.0' encoding='ASCII'? cpf-20251216

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K** 

**CURRENT REPORT**

**PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**

Date of report (Date of earliest event reported): **December 16, 2025** 

**Central Pacific Financial Corp.**

(Exact name of registrant as specified in its charter)

---

| | | |
|:---|:---|:---|
| **Hawaii** | **001-31567** | **99-0212597** |
| (State or other<br>jurisdiction of<br>incorporation) | (Commission<br>File Number) | (I.R.S. Employer<br>Identification No.) |

---

**220 South King Street, Honolulu, Hawaii** 

(Address of principal executive offices)

**96813** 

(Zip Code)

**(808) 544-0500** 

(Registrant's telephone number, including area code)

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

**Securities registered pursuant to Section 12(b) of the Act:**

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |
| Common stock, No Par Value | CPF | New York Stock Exchange |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

------

**ITEM 7.01. REGULATION FD DISCLOSURE**

Central Pacific Financial Corp. (the "Company") is furnishing the slide presentation that it intends to present in various meetings during December 2025. The slides are furnished as Exhibit 99.1 to this report. The information in this report (including Exhibit 99.1) shall not be deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

As discussed therein, the slide presentation furnished as Exhibit 99.1 to this Current Report on Form 8-K contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act and, as such, may involve known and unknown risks, uncertainties and assumptions. These forward-looking statements relate to the Company's current expectations and are subject to the limitations and qualifications set forth in the presentation as well as in the Company's other documents filed with the Securities and Exchange Commission, including, without limitation, that actual events and/or results may differ materially from those projected in such forward-looking statements.

**ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The following exhibit is being furnished herewith:

---

| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| 99.1 | <u>[Central Pacific Financial Corporation slide presentation, dated](cpf_irdeck3q25-updatedde.htm)[December](cpf_irdeck3q25-updatedde.htm)[2025](cpf_irdeck3q25-updatedde.htm)</u> |
| 104 | Cover Page Interactive Data File (embedded in the cover page formatted in Inline XBRL) |

---

------

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | |
|:---|:---|
| | Central Pacific Financial Corp. |
| | (Registrant) |
| Date: December 16, 2025 | /s/ Dayna N. Matsumoto |
| | Dayna N. Matsumoto |
| | Executive Vice President, Chief Financial Officer |

---

## Exhibit 99.1

![](cpf_irdeck3q25-updatedde001.jpg)

Investor Presentation Update December 2025

------

![](cpf_irdeck3q25-updatedde002.jpg)

2Central Pacific Financial Corp. Forward-Looking Statements This document and any accompanied presentation, may contain forward-looking statements ("FLS") concerning, among other things: projections of revenues, expenses, income or loss, earnings or loss per share, capital expenditures, payment or nonpayment of dividends, net interest income, capital position, credit losses, net interest margin, or other financial items. These statements may also include the plans, objectives, and expectations of Central Pacific Financial Corp. (the "Company") or its management or Board of Directors, including those relating to business plans, use of capital resources, products or services, and regulatory developments or actions. In addition, such statements may address anticipated economic performance, the expected impact of business initiatives, and the assumptions underlying any of the foregoing. Words such as "believe," "plan," "anticipate," "aim," "seek," "expect," "intend," "forecast," "hope," "target," "continue," "remain," "estimate," "will," "should," "may," and other similar expressions are intended to identify FLS, although such terminology is not the exclusive means of doing so. While we believe that our FLS and their underlying assumptions are reasonably based, such statements are inherently subject to risks and uncertainties that may cause actual results to differ materially from expectations. Factors that may lead to such differences, include, but are not limited to: the persistence or resurgence of inflationary pressures in the United States and our market areas, and their effect on market interest rates, economic conditions, and credit quality; the impact of the current U.S. administration's economic policies, including potential international tariffs, and other cost cutting initiatives; the adverse effects of bank failures on customer confidence, deposit behavior, liquidity, and regulatory responses; the effects of pandemics, epidemics, and other public health emergencies, including their impact on Hawaii's tourism and construction sectors and on our borrowers, customers, vendors and employees; supply chain disruptions, labor contract disputes, strikes; adverse trends in the real estate or construction industries, including rising inventory levels or declining property values; deterioration in borrowers' financial performance leading to increased loan delinquencies, asset quality issues, or loan losses; the impact of local, national, and international economic conditions and natural disasters (such as wildfires, volcanic eruptions, hurricanes, tsunamis, storms, or earthquakes) on our markets and major industries within Hawaii; weakness in domestic economic conditions, including instability in the financial industry, deterioration in real estate markets, and declines in consumer or business confidence; revisions to estimates of reserve requirements under applicable regulatory and accounting standards; the impact of legislative and regulatory developments, including the Dodd-Frank Act, changing capital and consumer protection rules, and new regulations affecting our operations and competitiveness; legal and regulatory proceedings, including actual or threatened litigation and the efforts of governmental and regulatory exams and orders, as well as the costs of ongoing or potential compliance efforts; the effects of accounting standard changes adopted by regulatory agencies, the PCAOB, or the FASB, and the cost and resources associated with implementation; changes in trade, monetary, or fiscal policy, including actions by the Federal Reserve; market volatility and monetary fluctuations, including the transition away from the LIBOR Index; declines in our market capitalization or the price of our common stock; the effects and cost of acquisitions, dispositions, or strategic transactions we may make or evaluate; political instability, acts of war, terrorism, or other geopolitical conflicts; shifts in consumer spending, borrowing, and savings behaviors; technological changes and developments; cybersecurity incidents, data privacy breaches, or fraud involving us or third-party vendors; deficiencies in internal control over financial reporting or disclosure controls, and our ability to remediate them; increased competition among financial institutions and other financial service providers; our ability to achieve efficiency ratio improvement goals; our ability to attract and retain key personnel; changes in our personnel, organization, compensation and benefit plans; and related reputational or regulatory exposures; and risks related to the United States fiscal debt, deficit, and budget uncertainties. For further information on factors that could cause actual results to differ materially from the expectations or projections expressed in our FLS, please refer to the Company's filings with the U.S. Securities and Exchange Commission, including the Company's most recent Forms 10-Q and 10-K, and particularly, the discussion of "Risk Factors" set forth therein. We urge investors to consider all of these factors carefully in evaluating the FLS contained in this document. FLS speak only as of the date on which such statements are made. We undertake no obligation to update any FLS to reflect events or circumstances occurring after the date on which such statements are made, or to reflect the occurrence of unanticipated events, except as required by law.

------

![](cpf_irdeck3q25-updatedde003.jpg)

3Central Pacific Financial Corp. Central Pacific Financial Corp. Overview Who We Are Strategic Focus 3Q 2025 Financial Results Appendix

------

![](cpf_irdeck3q25-updatedde004.jpg)

4Central Pacific Financial Corp. MARKET INFORMATION NYSE TICKER CPF SUBSIDIARY CPB TOTAL ASSETS $7.4 BILLION MARKET CAP $816 MILLION SHARE PRICE $30.34, +47% 3Y2 DIVIDEND YIELD 3.7%1 Central Pacific Financial Corp. (CPF) is a Hawaii-based bank holding company. Central Pacific Bank (CPB) was founded in 1954 by Japanese-American veterans of World War II to serve the needs of families and small businesses that did not have access to financial services. Today CPB is the 4th largest financial institution in Hawaii with 27 branches and 55 ATM's across the State. CPB was named Best Bank in Hawaii by Forbes Magazine in 2025. This is the fourth consecutive year the Bank has made the Forbes list. Note: Total assets and other market information above is as of September 30, 2025. Central Pacific Financial – Who We Are 1 Dividend yield is calculated based on quarterly cash dividend of $0.28 per share declared for 4Q25. 2 3-year stock price change period from 9/30/2022 to 9/30/2025

------

![](cpf_irdeck3q25-updatedde005.jpg)

5Central Pacific Financial Corp. Strategic Focus

------

![](cpf_irdeck3q25-updatedde006.jpg)

6Central Pacific Financial Corp. CPF Strategic Focus A high performing bank that delivers sustainable, growing returns and provides enhanced value to positively impact our employees, customers, community and shareholders Strengthening our brand and reputation enhances customer trust, loyalty and community relevance which drives sustained deposit growth, lower acquisition costs and long-term shareholder value Brand and Reputation Relationship based Hawaii retail and small business deposits provide stable, low-cost funding to support balance sheet growth and margin optimization. Stable, Low-Cost Funding Focus on high-quality, relationship-driven lending and selective investments. Priority on durable spreads over rate speculation to drive consistent earnings and capital growth. Disciplined Asset Deployment Selective indirect and wholesale credit exposure complements core local lending and diversifies risk and revenue by accessing broader markets which provide better return per unit of risk. Thoughtful Diversification CPF is currently focused on organic growth and believes we can continue to enhance value over time. We are not pursuing M&A at this time.

------

![](cpf_irdeck3q25-updatedde007.jpg)

7Central Pacific Financial Corp. CPF Drivers of Growth Core Hawaii Franchise • Strong commitment to the Hawaii market • Solid franchise built on 70+ year legacy • Relative size as 4th largest bank in Hawaii provides market share growth opportunity • Leader and advocate for small business and home ownership • Valuable low-cost core deposits COMPLEMENTING THE STRATEGY FOR DIVERSIFICATION: Japan • High-net worth individuals and businesses doing real estate transactions and/or business expansion to Hawaii • Generates low-cost core U.S. dollar deposits Mainland • Provide geographic diversification, shorter duration, and better risk/return profile. • Continue to target 15-20% of total loans • Mainland exposure comprises of CRE, C&I and Consumer Loans

------

![](cpf_irdeck3q25-updatedde008.jpg)

8Central Pacific Financial Corp. Operational Excellence – Positive Operating Leverage Recent Highlights: • Process automation: Implemented over 90 process improvements including straight-through processing to core system • Branch systems enhancements: provided time savings of over 80% on teller balancing, allowing more focus on customer service • Expense optimization: Consolidation of employees from Operations Center into our main office for an annual savings of ~$1 million. • Data Center: New fully upgraded outsourced Data Center with enhanced resiliency and disaster recovery.LTM HI Peer Avg 61.3% LTM Nat'l Peer Avg 60.5% 60.81% 50% 52% 54% 56% 58% 60% 62% 64% 66% 68% - 10 20 30 40 50 60 70 80 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 Efficiency Trend (in $MM) Noninterest Expense Revenue Efficiency ratio 1Quarters are normalized for non-recurring items Operational excellence framework to achieve sustainable performance and long-term organizational resilience by integrating people, processes and technology to drive efficiency, innovation and growth

------

![](cpf_irdeck3q25-updatedde009.jpg)

9Central Pacific Financial Corp. Capital Strategy: Enhancing Shareholder Value Overall focus on being good stewards of capital and allocating capital optimally to provide shareholder value, while balancing risk Drive accretive returns to fuel capital growth, dividends, and strategic expansion to create long-term shareholder value and resilience through cycles. Manage risk with discipline to preserve strength, ensuring compliance, and sustaining our capacity to grow and return capital. Key Philosophies: Capital Priorities & Targets: • Quarterly cash dividend with ~40% payout • Fund accretive loan growth • Share repurchases • Maintain capitalization to protect against downside macroeconomic scenarios. Informed by capital stress testing • Targets: CET1: 11-12%; TCE 7.5-8.5%Source: S&P Global; 3Y = 9/30/22 to 9/30/25; 5Y = 9/30/2020 to 9/30/25 HI Peers includes BOH and FHB; 3Y = 6/30/22 to 6/30/25; 5Y = 6/30/2020 to 6/30/25 Nat'l Peers includes publicly traded banks with total assets of $3-10 billion; 3Y = 6/30/22 to 6/30/25; 5Y = 6/30/2020 to 6/30/25 62% 161% 13% 54% 24% 48% 3Y 5Y Total Shareholder Return CPF HI Peers Nat'l Peers

------

![](cpf_irdeck3q25-updatedde010.jpg)

10Central Pacific Financial Corp. 3Q 2025 Financial Results

------

![](cpf_irdeck3q25-updatedde011.jpg)

111Central Pacific Financial Corp. • Net interest income growth of 2.5% quarter-over- quarter and 13.8% year-over-year • NIM expanded 5 bps quarter-over-quarter and 42 bps year-over-year • Consolidated Operations Center office space into main headquarters. Go forward annual expense savings of ~$1 million • Repurchased 78K shares of CPF common stock for $2.3 million • Increased quarterly cash dividend to $0.28 per share • Provided notice to redeem $55MM in subordinated debt at par in fourth quarter • Partnered with Kyoto Shinkin Bank to deepen Hawaii-Japan ties 3Q 2025 Financial Highlights 3Q25 Actual 3Q25 Non-GAAP1 2Q25 Actual NET INCOME / DILUTED EPS $18.6MM / $0.69 $19.7MM / $0.73 $18.3MM / $0.67 RETURN ON ASSETS (ROA) 1.01% 1.08% 1.00% RETURN ON EQUITY (ROE) 12.89% 13.67% 13.04% NET INTEREST MARGIN (NIM) 3.49% 3.49% 3.44% EFFICIENCY RATIO2 62.84% 60.81% 60.36% TANGIBLE COMMON EQUITY (TCE)2 7.92% 7.94% 7.72% 1 Excludes $1.5MM in pre-tax expenses related to the consolidation of Operations Center 2 TCE Ratio and efficiency ratio are non-GAAP financial measures. Refer to slide 23.

------

![](cpf_irdeck3q25-updatedde012.jpg)

12Central Pacific Financial Corp. Key Actions & Drivers of Stronger Financial Performance • Improved loan portfolio mix with $119 million YTD reduction in low yielding, long duration residential mortgage and home equity loans, offset by growth in commercial mortgage and construction loans. • Swap on $115 million municipal securities portfolio - pay fixed at 2.1%, receive float at Fed Funds effective rate. In the money position added $2.1 million to interest income YTD as of 3Q25. Balance Sheet Optimization / Asset Liability Management • Total loan portfolio cashflows of approximately $200 million per quarter, running off at average portfolio yield of 5.0% • New loan yield weighted average rate of 6.9% in 3Q25 • Deposit costs managed down successfully over last 5 quarters Favorable Asset/Liability Repricing • Increased 4Q 2025 cash dividend to $0.28 per share • Repurchased $7.0 million in shares YTD through 9/30/25 • Notice issued to redeem subordinated debt of $55 million in full on 11/1/25 Capital Optimization

------

![](cpf_irdeck3q25-updatedde013.jpg)

13Central Pacific Financial Corp. Profitability Improvements - In-line or Better than Peers Recent performance has broken through the historical trend2; initial targets achieved 1CPF metrics are normalized for non-recurring items 2Historical trend shown in light blue bars on the charts 3.49 2.5 2.7 2.9 3.1 3.3 3.5 3.7 3.9 1Q23 3Q23 1Q24 3Q24 1Q25 3Q25 CPF NIM % LTM HI Peer Avg 2.66% LTM Nat'l Peer Avg 3.46% 1.08 0.50 0.60 0.70 0.80 0.90 1.00 1.10 1.20 1Q23 3Q23 1Q24 3Q24 1Q25 3Q25 CPF ROA1 % LTM HI Peer Avg 0.88% LTM Nat'l Peer Avg 0.96% 13.67 8.00 9.00 10.00 11.00 12.00 13.00 14.00 15.00 16.00 17.00 1Q23 3Q23 1Q24 3Q24 1Q25 3Q25 CPF ROE1 % LTM HI Peer Avg 9.8% LTM Nat'l Peer Avg 10.5% 60.81 57.00 59.00 61.00 63.00 65.00 67.00 69.00 1Q23 3Q23 1Q24 3Q24 1Q25 3Q25 CPF EFF RATIO1 % LTM HI Peer Avg 61.3% LTM Nat'l Peer Avg 60.5% Source: S&P Global, LTM from 9/30/24 – 6/30/25 HI Peers includes BOH and FHB as of 6/30/25 Nat'l Peers includes publicly traded banks with total assets of $3-10 billion as of 6/30/25

------

![](cpf_irdeck3q25-updatedde014.jpg)

14Central Pacific Financial Corp. Low-Cost Deposits Driven by Valuable Franchise • Well-diversified and granular: 52% Commercial (Average account balance of $102K) 48% Consumer (Average account balance of $19K) • 53% Long-tenured customers with CPB 10 years or longer • Low reliance on public time deposits • No brokered deposits Noninterest Bearing Demand 29% Interest Bearing Demand 20% Savings & Money Market 35% Time 16% Deposit Portfolio Composition as of Sep 30, 2025 5.80 6.64 6.74 6.85 6.64 6.58 - 1.00 2.00 3.00 4.00 5.00 6.00 7.00 8.00 2020 2021 2022 2023 2024 3Q25 $ Bi lli on s Total Deposits as of Sep 30, 2025

------

![](cpf_irdeck3q25-updatedde015.jpg)

15Central Pacific Financial Corp. 1.02% 1.49% 2.15% 0.00% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% 2020 2021 2022 2023 2024 1Q25 2Q25 3Q25 Total Deposit Cost CPF HI Peers Nat'l Peers • Source: S&P Global • HI Peers includes BOH and FHB as of 6/30/25 • Nat'l Peers includes publicly traded banks with total assets of $3-10 billion as of 6/30/25 Low rate-sensitive, relationship-based deposit portfolio provides significant cost advantage CPF total deposit cost 1.02% 29% of deposits are non-interest bearing CPF Deposit Cost & Margin Advantage 3.31% 2.69% 3.42%3.44% 2.75% 3.57%3.49% Net Interest Margin Q1 Q2 Q3 25 25 25 Q1 Q2 25 25 Q1 Q2 25 25 • Deposit cost remained steady at 1.02% from the prior quarter and down 30 bps year-over-year • NIM expanded 5 bps quarter-over-quarter and 42 bps year-over-year

------

![](cpf_irdeck3q25-updatedde016.jpg)

16Central Pacific Financial Corp. Diversified Loan Portfolio • Diverse loan portfolio, with 80% secured by real estate • Overall portfolio yield improved 5 bps to 5.01% from the prior quarter and 12 bps year-over-year Commercial & Industrial 11% Construction 4% Residential Mortgage 34% Home Equity 12% Commercial Mortgage 30% Consumer 9% Loan Portfolio Composition as of Sep 30, 2025 4.96 5.10 5.56 5.44 5.33 5.37 - 1.00 2.00 3.00 4.00 5.00 6.00 2020 2021 2022 2023 2024 3Q25 $ Bi lli on s Loan Balances Outstanding as of Sep 30, 2025

------

![](cpf_irdeck3q25-updatedde017.jpg)

17Central Pacific Financial Corp. Well Positioned for a Declining Rate Environment • 29% of Loan Portfolio contractually reprices within 1 year • Over 90% CDs reprice within 1 year, while our high level of Interest-Bearing Non-Maturing Deposits (NMDs) have the contractual ability to reprice immediately. Cycle to date falling rates interest bearing deposit beta 32%. 483 390 90 16 0 250 500 750 1000 ≤3m 3-6m 6-12m 1-3yr CD Maturity (in $Millions) as of Sep 30, 2025 1,371 25% 193 4% 728 14% 615 12% 878 16% 1,569 29% 0 500 1,000 1,500 2,000 ≤3m 3m-12m 1yr-3yr 3yr-5yr 5-15yr >5yr Loan Repricing Schedule1 (in $Millions) as of Sep 30, 2025  Contractual maturity  Rate sensitive  Non-rate sensitive Non-Int Bearing Demand, 28.9% $1.9B Int Bearing Demand - WAR 0.14%, $1.3B Savings & MM - WAR 1.54% $2.3B CDs - WAR 2.73%, $1.0B Deposit Portfolio Composition 1Represents loan repricing or maturing. Excludes nonaccrual loans.

------

![](cpf_irdeck3q25-updatedde018.jpg)

18Central Pacific Financial Corp. Positive Reinvestment Cashflow New origination continues to replace runoff at higher yields, improving weighted average yields and NIM Note: Includes sold & called investment securities. Excludes revolver lines. 4.96 6.92 5.01 2.84 2.87 0 2 4 6 8 2Q25 WAR 3Q25 New 3Q25 WAR Yields Analysis (%) Loans Investments Note: No new investments in 3Q25 206 215 228 23 39 34 0 100 200 300 1Q25 2Q25 3Q25 Maturities & Paydowns (in $Millions) Loans Investments

------

![](cpf_irdeck3q25-updatedde019.jpg)

19Central Pacific Financial Corp. 5 Asset quality remained solid and in the expected operating range Solid Credit Profile Note: Totals may not sum due to rounding. 0.01% 0.01% 0.01% 0.04% 0.03% 3Q24 4Q24 1Q25 2Q25 3Q25 Delinquencies 90+Days/Total Loans 0.62% 0.62% 0.82% 1.80% 1.77% 3Q24 4Q24 1Q25 2Q25 3Q25 Criticized/Total Loans 0.22% 0.21% 0.21% 0.28% 0.27% 0.00% 0.50% 1.00% 1.50% 3Q24 4Q24 1Q25 2Q25 3Q25 NPAs/Total Loans 0.07% 0.10% 0.06% 0.21% 0.10% 0.20% 0.19% 0.13% 0.14% 0.10% 0.27% 0.29% 0.20% 0.35% 0.20% 3Q24 4Q24 1Q25 2Q25 3Q25 Annualized NCO/Avg Loans All Other NCO/Avg Loans Mainland Consumer NCO/Avg Loans

------

![](cpf_irdeck3q25-updatedde020.jpg)

20Central Pacific Financial Corp. Noninterest Income and Expense • 3Q25 increase driven by investment services income included in other service charges and fees • Focused on growing long-term fee income from wealth management and advisory offerings • 3Q25 increase primarily due to higher salaries and employee benefits of $2.1MM related to incentive accruals and $1.5MM in expenses related to Operations Center consolidation. • Focused on process improvements and driving positive operating leverage Note: Totals may not sum due to rounding. 11.1 13.0 13.5 0.0 2.0 4.0 6.0 8.0 10.0 12.0 14.0 16.0 18.0 1Q25 2Q25 3Q25 $ M ill io ns Noninterest Income 42.1 43.9 45.5 1.5 0.0 10.0 20.0 30.0 40.0 50.0 60.0 1Q25 2Q25 3Q25 $ M ill io ns Noninterest Expense 47.0

------

![](cpf_irdeck3q25-updatedde021.jpg)

212Central Pacific Financial Corp. Capital Return • QTD through December 15, 2025, repurchased 335K shares of CPF common stock for total cost of $10.0 million • Increased 4th quarter cash dividend to $0.28 per share • Redeemed $55 million in subordinated debt at par in fourth quarter \* Annualized for Q4 dividend of $0.28 per share 1.09 $0.40 $0.50 $0.60 $0.70 $0.80 $0.90 $1.00 $1.10 $1.20 2017 2018 2019 2020 2021 2022 2023 2024 2025\* Cash Dividends Declared per Common Share 9.7% 12.6% 15.7% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0% 16.0% 18.0% Tier 1 Leverage CET1 Total Capital Regulatory Capital Ratios As Sep 30, 2025

------

![](cpf_irdeck3q25-updatedde022.jpg)

22Central Pacific Financial Corp. Appendix

------

![](cpf_irdeck3q25-updatedde023.jpg)

23Central Pacific Financial Corp. Non-GAAP Disclosure To supplement its consolidated financial information, the Company utilizes certain non-GAAP financial measures. These measures are not intended to be considered in isolation or as a substitute for comparable GAAP results. The Company believes these non-GAAP financial measures provide meaningful insight to investors and other stakeholders in understanding its financial performance and position, by excluding certain transactions that may be non-recurring, non-operational, or not indicative of ongoing results. The Company believes that these non-GAAP measures offer a useful perspective for evaluating performance trends over time and are intended to support period-to-period comparisons. The Company believes they are valuable tools for both investors and management in assessing historical results and forecasting future performance. Non- GAAP financial measures may not be comparable to similarly entitled measures reported by other companies. The following reconciling adjustments from GAAP to non-GAAP adjusted financial measures are limited to: (1) net pre-tax expenses of $1.5 million related to the consolidation of the Company's former operations center into its main office during the three months ended September 30, 2025, and (2) pre-tax expenses of $3.1 million related to the evaluation and assessment of a strategic opportunity during the three months ended September 30, 2024. Management does not consider these transactions to be representative of the Company's core operating performance. The related income tax effects were calculated using an assumed effective tax rate of 23%. Refer to the Company's earnings release tables for full non-GAAP reconciliation. 3Q25 3Q25 3Q25 3Q24 3Q24 3Q24 Nine months Ended Sep 30, 2025 Nine months Ended Sep 30, 2024 Actual Adj Non-GAAP Actual Adj Non-GAAP Actual Adj Non-GAAP Actual Adj Non-GAAP NET INCOME $18.6MM $1.2MM $19.7MM $13.3MM $2.4MM $15.7MM $54.6MM $1.2MM $55.8MM $42.1MM $2.4MM $44.4MM DILUTED EARNINGS PER SHARE (EPS) $0.69 $0.04 $0.73 $0.49 $0.09 $0.58 $2.01 $0.05 $2.06 $1.55 $0.09 $1.64 EFFICIENCY RATIO 62.84% -2.03% 60.81% 70.12% -4.61% 65.51% 61.47% -0.70% 60.77% 66.86% -1.60% 65.26% RETURN ON ASSETS (ROA) 1.01% 0.07% 1.08% 0.72% 0.13% 0.85% 0.99% 0.02% 1.01% 0.76% 0.04% 0.80% RETURN ON EQUITY(ROE) 12.89% 0.78% 13.67% 10.02% 1.73% 11.75% 12.99% 0.26% 13.25% 10.91% 0.61% 11.52% TANGIBLE COMMON EQUITY (TCE) 7.92% 0.02% 7.94% 7.31% 0.03% 7.34% 7.92% 0.02% 7.94% 7.31% 0.03% 7.34%

------

![](cpf_irdeck3q25-updatedde024.jpg)

24Central Pacific Financial Corp. Commercial Real Estate Loan Portfolio • Investor 77% ($1.3B) / Owner-Occupied 23% ($0.4B) • Hawaii 73% ($1.2B) / Mainland 27% ($0.4B) • WA LTV • Hawaii = 60% • Mainland = 57% Industrial/Warehouse 30% Retail 17% Apartment 21% Office 14% Hotel 10% Other 3% Shopping Center 3% Storage 2% CRE Portfolio Composition as of Sep 30, 2025

------

![](cpf_irdeck3q25-updatedde025.jpg)

25Central Pacific Financial Corp. • Total Hawaii Consumer $223 million • Total Mainland Consumer $254 million • Weighted average origination FICO: • 746 for Hawaii Consumer • 753 for Mainland Consumer • Mainland consumer net charge-offs peaked in 4Q23 and declined for 7 consecutive quarters since then Consumer Loan Portfolio HI Auto $151 , 32% HI Other $72 , 15%Mainland Home Improvement $85 , 18% Mainland Unsecured $19 , 4% Mainland Auto $150 , 31% Consumer Portfolio Composition as of Sep 30, 2025 ($ Millions)

------

![](cpf_irdeck3q25-updatedde026.jpg)

26Central Pacific Financial Corp. (\*) Certain amounts in prior years were reclassified to conform to current year's presentation. These reclassifications had an immaterial impact to our previously reported efficiency ratios. Note: Totals may not sum due to rounding. Historical Financial Highlights ($ Millions) 2017 2018 2019 2020 2021 2022 2023 2024 1Q 2Q 3Q Balance Sheet (period end data) Loans and leases 3,770.6$4,078.4$4,449.5$4,964.1$5,101.6$5,555.5$5,439.0$5,332.9$5,334.5$5,289.8$5,367.2$ Total assets 5,623.7 5,807.0 6,012.7 6,594.6 7,419.1 7,432.8 7,642.8 7,472.1 7,405.2 7,369.6 7,421.5 Total deposits 4,956.4 4,946.5 5,120.0 5,796.1 6,639.2 6,736.2 6,847.6 6,644.0 6,596.0 6,545.0 6,577.7 Total shareholders' equity 500.0 491.7 528.5 546.7 558.3 452.9 503.8 538.4 557.4 568.9 588.1 Income Statement Net interest income 167.7 173.0 184.1 197.7 211.0 215.6 210.0 211.7 57.7 59.8 61.3 Provision (credit) for credit losses (\*) (2.6) (1.5) 6.3 42.1 (14.6) (1.3) 15.7 9.8 4.2 5.0 4.2 Other operating income 36.5 38.8 41.8 45.2 43.1 47.9 46.7 38.7 11.1 13.0 13.5 Other operating expense (\*) 131.0 135.1 141.6 151.7 163.0 166.0 164.1 172.6 42.1 43.9 47.0 Income taxes (\*) 34.6 18.8 19.6 11.8 25.8 24.8 18.2 14.6 4.8 5.6 5.1 Net income 41.2 59.5 58.3 37.3 79.9 73.9 58.7 53.4 17.8 18.3 18.6 Prof itability Return on average assets 0.75% 1.05% 0.99% 0.58% 1.13% 1.01% 0.78% 0.72% 0.96% 1.00% 1.01% Return on average shareholders' equity 8.03% 12.22% 11.36% 6.85% 14.38% 15.47% 12.38% 10.25% 13.04% 13.04% 12.89% Efficiency ratio 64.14% 63.79% 62.69% 62.47% 64.16% 63.00% 63.95% 68.91% 61.16% 60.36% 62.84% Net interest margin 3.28% 3.22% 3.35% 3.30% 3.18% 3.09% 2.94% 3.01% 3.31% 3.44% 3.49% Capital Adequacy (period end data) Leverage capital ratio 10.4% 9.9% 9.5% 8.8% 8.5% 8.5% 8.8% 9.3% 9.4% 9.6% 9.7% Total risk-based capital ratio 15.9% 14.7% 13.6% 15.2% 14.5% 13.5% 14.6% 15.4% 15.6% 15.8% 15.7% Asset Quality Net loan chargeoffs/average loans 0.11% 0.02% 0.15% 0.15% 0.02% 0.09% 0.27% 0.29% 0.20% 0.35% 0.20% Nonaccrual loans/total loans (period end) 0.07% 0.06% 0.03% 0.12% 0.12% 0.09% 0.13% 0.21% 0.21% 0.28% 0.27% Year Ended December 31, 2025

------

![](cpf_irdeck3q25-updatedde027.jpg)

272Central Pacific Financial Corp. Tourism Visitor arrivals Aug 2025 -2.6% 1 Jobs Unemployment Rate Aug 2025 2.7% 1 Hawaii has proven to be resilient despite uncertainty and potential downstream impacts from U.S. trade policy • Tourism Industry Slowing • Softening of U.S. and global conditions have impacted visitor travel to Hawaii. • Construction & Military Spending Continues to Support State Economy • Honolulu rail transit project – estimated cost of $12 billion and the largest public works project in Hawaii's history • Aloha Stadium redevelopment expected to cost over $650 million, with the surrounding development estimated to generate $2 billion in economic activity • Pearl Harbor's shipyard infrastructure upgrade - the U.S. Navy's largest shipyard project estimated to cost $3.4 billion 1 Source: State of Hawaii Department of Business, Economic Development & Tourism. Tourism represents total visitors as of August 2025 compared to August 2024. 2 Source: Honolulu Board of Realtors Resilient Hawaii Economy Housing Oahu Median Single- Family Home Price Sep 2025 $1.2MM 2 -3.00% -2.00% -1.00% 0.00% Hawaii is less impacted in a U.S. Recession Average % Decline in Past Recessions US Hawaii Real GDP Source: UHERO Past recessions include: 1981-1982, 1990-1991, 2001, 2007-2009, and 2020 Payrolls

------

![](cpf_irdeck3q25-updatedde028.jpg)

28Central Pacific Financial Corp. CPB Named Best Bank in Hawaii by Newsweek, Forbes, and Honolulu Star-Advertiser • Newsweek's America's Best Regional Banks 2025 • Forbes' Best-In-State Banks 2025 • Forbes' America's Best Banks 2025 • Honolulu Star-Advertiser's Best Bank in Hawaii 2024

------

![](cpf_irdeck3q25-updatedde029.jpg)

29Central Pacific Financial Corp. CPF CARES

------

![](cpf_irdeck3q25-updatedde030.jpg)

30Central Pacific Financial Corp. Mahalo

------