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HONOLULU (AP) — HONOLULU (AP) — Central Pacific Financial Inc. (CPF) on Wednesday reported net income of $11.3 million in its fourth quarter.
The bank, based in Honolulu, said it had earnings of 42 cents per share. Earnings, adjusted for non-recurring costs, were 70 cents per share.
The operator of Central Pacific Bank posted revenue of $80.6 million in the period. Its revenue net of interest expense was $58.4 million, falling short of Street forecasts.
For the year, the company reported profit of $53.4 million, or $1.97 per share. Revenue was reported as $250.5 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CPF at https://www.zacks.com/ap/CPF