Central Pacific Financial Corp.
0.0 %
52.78 %
Yet to be announced
Company Overview
Central Pacific Financial Corp. operates as the holding company for Central Pacific Bank that provides commercial banking products and services to businesses, professionals, and individuals in the United States. The company's lending activities comprise commercial loans, financial and agricultural loans, commercial and residential mortgages, and construction loans. As of December 31, 2021, it operated 30 branches and 69 automated teller machines in Hawaii.
Revenue Sources
Based on the financial data provided, the company generates revenue primarily from banking and financial services. Since traditional banking services involving interest-based lending and borrowing are considered haram, and this represents the core business model of the company, more than 2.5% of the company's income comes from haram sources.
Reliance on Interest
| Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| Sept. 30, 2024 | $66.58m | $24.05m | $53.85m | $24.05m | 80.88% | 100.00% |
| June 30, 2024 | $64.04m | $23.92m | $51.92m | $23.92m | 81.07% | 100.00% |
| March 31, 2024 | $61.43m | $24.21m | $50.19m | $24.21m | 81.70% | 100.00% |
| Dec. 31, 2023 | $66.31m | $22.97m | $51.14m | $22.97m | 77.12% | 100.00% |
Analyzing the last four quarters of financial data shows that interest income and interest expense are central to the company's operations. Interest income consistently represents over 75% of total revenue across all quarters, while interest expense makes up a significant portion of total expenses. This indicates that interest-based operations are fundamental to the company's business model.
Operational Ethics
Based on available information from SEC filings and company materials, there is no evidence of significant ongoing associations with entities involved in human rights violations such as the state of Israel or the Chinese Communist Party.
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