Related Links
Central Pacific Financial Corp. in Honolulu said Thursday that its second-quarter profit rose 3%, to $21 million, from the year earlier.
Processing Content
The $5.6 billion-asset company said that loans and deposits both increased by about $250 million, or almost 7%, from a year earlier. Also, its ratio of nonperforming assets to assets improved to 0.02% in the quarter, compared with 0.19% a year before.
On Wednesday, the company, the parent of Central Pacific Bank, announced plans to buy back 1.5 million shares of stock, or 4.5% of its outstanding shares.
