Central Pacific Financial Corp. reported second quarter 2026 net income of $20.8 million, or $0.80 per diluted share. The company increased its quarterly cash dividend by 3.4% to $0.30 per share, payable September 15, 2026, to shareholders of record as of August 31, 2026. During the quarter, the company repurchased 321,858 shares of common stock for $11.3 million. The company operates as a Hawaii-based bank holding company.

Central Pacific Financial Corp. executive officers, including CEO Arnold D. Martines, entered into new Change in Control Agreements on June 30, 2026. These agreements, which expire in 2029, provide severance benefits including multi-year salary and bonus multipliers, equity award vesting, and COBRA coverage for involuntary termination or termination for Good Reason following a change in control. Central Pacific Financial Corp. is a financial services company providing banking and wealth management services.