- Central Pacific Financial has a pure focus on Hawaii, where residential real estate prices have remained relatively stable.
- This helped the bank to keep its loan portfolio very strong, and a high loan loss provision in 2020 likely means the bank had a conservative approach.
- A $0.23 quarterly dividend has been declared and the bank is interested in buying back $25M worth of stock.
- It is surprising to see this bank is flying under the radar as it definitely deserves more attention.
For further details see:
Central Pacific Financial: The Focus On Real Estate Pays Off