CENTRAL PACIFIC FINANCIAL CORP Earnings Per Share Disclosure
| Year Ended December 31, | |||||||||||||||||
| (In thousands, except per share data) | 2025 | 2024 | 2023 | ||||||||||||||
| Net income | $ | 77,480 | $ | 53,412 | $ | 58,669 | |||||||||||
| Weighted-average shares outstanding for basic earnings per share | 26,931,761 | 27,057,329 | 27,027,681 | ||||||||||||||
| Add: Dilutive effect of employee stock options and awards | 113,409 | 99,791 | 52,837 | ||||||||||||||
| Weighted-average shares outstanding for diluted earnings per share | 27,045,170 | 27,157,120 | 27,080,518 | ||||||||||||||
| Basic earnings per share | $ | 2.88 | $ | 1.97 | $ | 2.17 | |||||||||||
| Diluted earnings per share | $ | 2.86 | $ | 1.97 | $ | 2.17 | |||||||||||
| Anti-dilutive employee stock options and awards | — | 58 | 19,030 | ||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 27, 2026 | Showing above |
| 2024 | Feb 26, 2025 | |
| 2023 | Feb 21, 2024 | |
| 2022 | Feb 24, 2023 | |
| 2021 | Feb 23, 2022 | |
| 2020 | Feb 23, 2021 | |
| 2019 | Feb 25, 2020 | |
| 2018 | Feb 28, 2019 | |
| 2017 | Feb 28, 2018 | |
| 2016 | Mar 1, 2017 | |
| 2015 | Feb 25, 2016 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.