Central Pacific Financial Investor Presentation Deck

3 ● NIM tailwinds 2Q 2022 Core NIM (excluding PPP) increased by 13 bps sequential quarter to 3.01% ¹ due to asset sensitivity and the rising rate environment 3Q 2022 Core NIM estimated to further increase by 10-15 bps Central Pacific Financial Corp. Asset Sensitive Balance Sheet Net Interest Income Rate Sensitivity As of June 30, 2022 3.3% 4.1% +100 bps Gradual* 5.8% Immediate* 8.2% +200 bps 1 Excludes $0.9MM in PPP net interest income, and $33MM in average PPP loan balances. * Immediate reflects an instantaneous, parallel rate shock, whereas gradual reflects a parallel rate ramp evenly over 12 months. DU DO DO DO DO DO DO Dg DO 10

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