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CPB revises earnings upward

By Dave Segal

POSTED: 02:15 a.m. HST, Feb 06, 2014

~~<p><span style="font-size: 12px;">The parent of Central Pacific Bank has revised upward its fourth-quarter and full-year net income after discovering an error in its loan-loss reserve following an internal review.</span></p>
<p>The state's fourth-largest bank said it earned $10.3 million, or 23 cents a share, in the October-December period rather than the $9 million, or 21 cents a share, it announced Jan. 30. Full-year earnings were revised to $172.1 million, or $4.07 a share, from $170.8 million, or $4.04 a share.</p>
~~

The parent of Central Pacific Bank has revised upward its fourth-quarter and full-year net income after discovering an error in its loan-loss reserve following an internal review.

The state's fourth-largest bank said it earned $10.3 million, or 23 cents a share, in the October-December period rather than the $9 million, or 21 cents a share, it announced Jan. 30. Full-year earnings were revised to $172.1 million, or $4.07 a share, from $170.8 million, or $4.04 a share. Login for more...



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