CPF - Central Pacific Financial GAAP EPS of $0.74 beats by $0.14 revenue of $67.89M beats by $1.06M

January, 25 2023 05:52 AM Central Pacific Financial Corp New

Central Pacific Financial press release ( NYSE: CPF ): Q4 GAAP EPS of $0.74 beats by $0.14 .
Revenue of $67.89M (+5.0% Y/Y) beats by $1.06M .
ROA of 1.09% and ROE of 18.30% for the fourth quarter.
In the fourth quarter of 2022, the company recorded a provision for credit losses of $0.6M, compared to a provision of $0.4M in the previous quarter and a release of the credit loss reserves of $7.7M in the year-ago quarter.
The efficiency ratio for the fourth quarter of 2022 was 59.56%, compared to 64.62% in the previous quarter and 65.61% in the year-ago quarter.
The effective tax rate for the fourth quarter of 2022 was 24.9%, compared to 26.2% in the previous quarter and 25.4% in the year-ago quarter.

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Company Name:	Central Pacific Financial Corp New
Stock Symbol:	CPF
Market:	NYSE
Website:	cpb.bank