Central Pacific Financial Corp. Profit Advances 12% In Q4

(RTTNews) - Central Pacific Financial Corp. (CPF) revealed earnings for its fourth quarter that increased compared to the same period last year.

The company said its bottom line totaled $12.21 million, or $0.39 per share. This was up from $10.93 million, or $0.34 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.37 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 4.0% to $39.70 million. This was up from $38.19 million last year.

Central Pacific Financial Corp. earnings at a glance:

-Earnings (Q4): $12.21 Mln. vs. $10.93 Mln. last year. -Earnings Growth (Y-o-Y): 11.7% -EPS (Q4): $0.39 vs. $0.34 last year. -EPS Growth (Y-o-Y): 14.7% -Analysts Estimate: $0.37 -Revenue (Q4): $39.70 Mln vs. $38.19 Mln last year. -Revenue Change (Y-o-Y): 4.0%