CPFCENTRAL PACIFIC FINANCIAL CORP
State Commercial Banks
- Revenue
- $38M
- 6.0% YoY
- Operating margin
- —
- EBITDA
- —
- Market cap
- $969M
- Employees
- —
- Net debt / EBITDA
- —
- −$22M net debt
- AI in 10-K
- 1.1
- mentions per 10K words
Takeover score 2 of 13
Fixable underperformance 0 of 7
- TSR below peersNo—3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo126% of net incomeCash flow under 80% of net income
- Dilutive SBCNo6% of revenueOver 10% of revenue
- Payouts exceed cash flowNo30% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo—Over 40% of assets
- Shareholder dissentNo99% lowest supportAny vote under 80% support
Buyer economics 1 of 4
- Low revenue per employeeNo—Bottom quartile of its SIC industry
- Quiet on AINo1.1 per 10K words · 36th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo—More cash than debt, positive EBITDA
- Buyout-sizedYes$969M market capMarket cap $500M–$5B
Catalysts 1 of 2
- Active 13DYes4 filingsActive-intent 13D in 18 months
- Net insider sellingNo$0 netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $29M | $30M | $33M | $35M | $38M | 6.0% |
| Net income | $80M | $74M | $59M | $53M | $77M | 45% |
| Operating cash flow | $110M | $114M | $105M | $91M | $97M | 7.7% |
| Capex | $22M | $18M | $13M | $15M | $5M | 66% |
| Stock-based comp | $3M | $3M | $2M | $2M | $2M | 8.8% |
| Dividends | $27M | $29M | $28M | $28M | $29M | 4.3% |
Deal filings
None.
13D filers
| Filed | Filer | Form | Stake | Intent |
|---|---|---|---|---|
| Jan 29, 2026 | HoldCo Asset Management, LP | SCHEDULE 13D/A | 0.3% | Active |
| Sep 25, 2025 | HoldCo Asset Management, LP | SCHEDULE 13D/A | 0.3% | Active |
| Sep 8, 2025 | HoldCo Asset Management, LP | SCHEDULE 13D/A | 6.7% | Active |
| Aug 22, 2025 | HoldCo Asset Management, LP | SCHEDULE 13D | 7.9% | Active |
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
No pay-versus-performance disclosure yet.