Quantcast
  

Saturday, October 25, 2014         

TO ACCESS SUBSCRIBER CONTENT:
Current Print Subscribers
ACTIVATE account
- OR -
LOGIN or SUBSCRIBE
for full digital access

CPB maintains its turnaround momentum in second quarter

By Dave Segal

POSTED: 02:15 a.m. HST, Jul 24, 2014

~~<p>Central Pacific Bank posted its 14th consecutive profitable quarter and increased its dividend but saw earnings decline 35.9 percent in the April-June period primarily due to a large gain on the sale of mainland foreclosure assets a year earlier.</p>
<p>The state's fourth-largest bank, which was due to formally announce its earnings Thursday before the stock market opened, continues to make progress in the fourth year of its turnaround after nearly collapsing due to its loan exposure in the once-troubled mainland real estate market.</p>
~~

Central Pacific Bank posted its 14th consecutive profitable quarter and increased its dividend but saw earnings decline 35.9 percent in the April-June period primarily due to a large gain on the sale of mainland foreclosure assets a year earlier.

The state's fourth-largest bank, which was due to formally announce its earnings Thursday before the stock market opened, continues to make progress in the fourth year of its turnaround after nearly collapsing due to its loan exposure in the once-troubled mainland real estate market. Login for more...



Login or sign up below for the complete story

Print Subscribers
ACTIVATION
Current print subscribers, activate your premium content account for unlimited online access & commenting
New Subscribers
Find subscription offers in your area and choose the package that suits your reading preferences.

14-DAY PASS
14 day premium online access and commenting ability on StarAdvertiser.com