Central Pacific Financial Investor Presentation Deck

Residential Mortgage Strength HAWAII RESIDENTIAL MARKET Housing prices continue to be very strong with median price of $1.05 million ● While demand has cooled slightly, properties continue to move quickly with median days on market at 19 days $1,100 $1,000 $900 $800 $700 $600 $500 OAHU SINGLE FAMILY HOME MEDIAN SALES PRICE Central Pacific Financial Corp. $1.05 Mil +5.0% YOY 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Oct-22 CPB RESIDENTIAL MORTGAGE LEADER Majority of historical production is purchase mortgages; less reliance on refinance market ● ● ● Lead lender on many large residential development projects Unique mortgage broker joint-venture model 8

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