Central Pacific Financial Corp New (CPF) financial statements (2022 and earlier)

Company profile

Business Address 220 S KING ST
HONOLULU, HI 96813
State of Incorp. HI
Fiscal Year End December 31
SIC 6022 - State Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3291051041028284
Cash and cash equivalents3291041031028284
Short-term investments 11   
Total current assets:3291051041028284
Noncurrent Assets
Operating lease, right-of-use asset394652
Property, plant and equipment806546454848
Long-term investments and receivables3030171477
Long-term investments3030171477
Intangible assets, net (including goodwill) 1215162025
Intangible assets, net (excluding goodwill) 1215162025
Total noncurrent assets:149153131757580
Other undisclosed assets6,9416,3365,7785,6305,4665,220
TOTAL ASSETS:7,4196,5956,0135,8075,6245,384
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 2215019732135
Total current liabilities: 2215019732135
Noncurrent Liabilities
Other undisclosed liabilities6,8616,0265,3345,1185,0924,745
Total liabilities:6,8616,0485,4845,3155,1244,880
Stockholders' equity
Stockholders' equity attributable to parent558547529492500505
Common stock426443448471504531
Additional paid in capital989592898684
Accumulated other comprehensive income (loss)(8)208(16)(1)(2)
Retained earnings (accumulated deficit)42(11)(19)(52)(89)(109)
Stockholders' equity attributable to noncontrolling interest00  00
Total stockholders' equity:558547529492500505
TOTAL LIABILITIES AND EQUITY:7,4196,5956,0135,8075,6245,384

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues219212215202185170
Net investment income219212215198182167
Cost of revenue
(Amortization of Mortgage Servicing Rights (MSRs))
 (6)(2)(2)(2)(5)
Gross profit:219206213200182165
Operating expenses(35)(37)   4
Operating income:183168213200182169
Nonoperating income344343
Foreign currency transaction gain, before tax  1111
Bank owned life insurance income343233
Interest and debt expense(8)(15)(32)(25)(15)(9)
Income from continuing operations before equity method investments, income taxes:179157185178171163
Income from equity method investments 00011
Other undisclosed loss from continuing operations before income taxes(73)(109)(107)(100)(97)(91)
Income from continuing operations before income taxes:1064978787572
Income tax expense(26)(12)(20)(19)(34)(25)
Net income available to common stockholders, diluted:803758594147

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income:803758594147
Other comprehensive income (loss)(28)1228(13)0(2)
Comprehensive income, net of tax, attributable to parent:524986464245

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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