Investor Presentaiton

Solid Capital Position Capital Ratios TOTAL RISK BASED 16.0% CAPITAL 14.6% STRONG CAPITAL 14.0% 2.4% Increased quarterly cash dividend by $0.01 to $0.25 per share which will be payable on December 15, 2021 12.0% 1.0% • $230 million capital cushion to the well-capitalized Total RBC minimum of 10% at 9/30/21 10.0% TIER 1 LEVERAGE* TANGIBLE COMMON EQUITY* 8.0% • Repurchased 234,700 shares in the 3Q 2021 6.0% 11.2% • YTD through 9/30/21 returned $30.2 million in capital through share repurchases and cash dividends 8.9% 4.0% 7.9% Central Pacific Financial Corp. 2.0% 0.0% 9/30/2021 9/30/2021 9/30/2021 ■CET1 Tier 1 Tier 2 * Excludes the PPP impact to the assets denominator, refer to slide 25 for more details. 18

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