Investor Presentaiton
Non-GAAP Financial Measures - Excluding PPP
The Company believes the following non-GAAP financial measures provides useful information about our operating results and enhances the overall understanding of our past
performance and future performance. Investors should consider our performance and financial condition as reported under GAAP and all other relevant information when
assessing our performance or financial condition.
In $ Millions
Quarter-ended 9/30/21:
Sep. 30,
2021
Actual
Net Interest Income²
56.2
Total Avg. Interest-Earning Assets $
6,761.6
3
Net Interest Margin
3.31%
Tangible Common Equity
Total Assets
Tangible Common Equity Ratio
Tier 1 Capital
Average Assets for Lev. Ratio
Leverage Capital Ratio
PPP
Exclusions¹
Sep. 30,
2021
Adjusted
47.6
(8.6) $
(330.4) $ 6,431.2
2.96%
555.4
555.4
7,298.2
$ (218.7)
$ 7,079.5
7.61%
7.85%
613.1
7,206.7
8.51%
$ 613.1
(330.4)
$ 6,876.3
8.92%
1.
Net interest income excludes PPP interest income less an assumed funding cost of 0.25% and PPP net loan fee income; Total Avg. Interest-Earning Assets excludes average PPP loan
balances; Total Assets excludes period-end PPP loan balance; Average Assets excludes average PPP loan balances.
2.
Net interest income shown on a taxable equivalent basis.
Central Pacific Financial Corp.
3.
Net interest margin calculation annualizes net interest income based on the day count interest payment conventions at the interest-earning asset or interest-bearing liability level (i.e.
30/360, actual/actual).
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