Central Pacific Posts $22.8 Million, NiSource Earns $129.5 Million in Third Quarter
Key Facts
Central Pacific Financial reported net income of $22.8 million, or $0.88 per diluted share, in the third quarter of 2026, while NiSource reported net income available to common shareholders of $129.5 million, or $0.27 per diluted share. The companies released their results on October 28, for a period ended September 30 in NiSource’s case. The results put two companies from different sectors in the third-quarter earnings ledger: a regional bank and an energy utility. Central Pacific’s net income rose from the second quarter and the year-earlier period, while NiSource’s income increased year over year. The trading session before the announcements closed on October 27, making that day’s stock prices a pre-results baseline.
At Central Pacific, net income was $20.8 million in the second quarter of 2026, then rose to $22.8 million in the third quarter. The year-over-year comparison was more pronounced: the bank reported $18.6 million in the third quarter of 2025. Diluted earnings per share were $0.80 in the previous quarter and $0.69 in the year-earlier period, before reaching $0.88 in the latest quarter. These comparisons show earnings expanding on two different bases, quarterly and annual, alongside parallel growth in earnings per share. In the fourth quarter of 2025, the bank reported net income of $22.9 million and diluted earnings per share of $0.85, earlier figures that place the third-quarter result within the range of quarterly income levels it has reported in recent periods.
Net interest margin indicators provide additional context for the bank’s earlier results: the margin was 3.56% in the fourth quarter of 2025, up 7 basis points from the previous quarter, according to the company’s statement at the time. The third-quarter 2026 figures in the current results set out net income and earnings per share, but the results material here does not include an updated margin reading. The available direct comparison for the third quarter therefore rests on earnings in the two prior periods and earnings per share, rather than on a new change in margin. The fourth-quarter 2025 result combined net income of $22.9 million with earnings per share of $0.85, before net income of $20.8 million in the second quarter of 2026. Income then rose to $22.8 million in the third quarter, approaching the prior fourth-quarter level while exceeding the second-quarter result.
NiSource reported third-quarter 2026 net income available to common shareholders of $129.5 million and diluted earnings per share of $0.27. In the third quarter of 2025, net income was $94.7 million and earnings per share were $0.20. The comparison shows both figures rising over the year, while the company’s wording specifies that the stated income was available to common shareholders. The second-quarter 2026 result was different: net income available to common shareholders was $45.5 million and earnings per share were $0.09, compared with $102.2 million and $0.22 per share in the second quarter of 2025. The third-quarter result was therefore higher than the second quarter of the same year, as well as above the previous third quarter.
NiSource operates in the utility business. In an announcement about its earnings call, the company said it serves about 3.3 million natural gas customers and 500 thousand electric customers across six states. The third-quarter results call was scheduled for October 28 to review the results and provide a general business update. In its second-quarter results announcement, the company maintained its 2026 consolidated adjusted earnings guidance at a range of $2.02 to $2.07 per share. It also targeted compound annual adjusted earnings growth of between 9% and 10% from 2026 through 2033. Those projections concern adjusted earnings, while the reported third-quarter figures are net income and earnings per share for the period, two separate measures in the company’s disclosures.
NiSource shares closed at $43.6 and Central Pacific Financial shares at $37.82 on October 27, according to EL7 data, the session before the results were announced the following day. These prices do not reflect post-results stock moves; they are the last closes before the disclosures. NiSource’s call on October 28 was scheduled to discuss third-quarter results and provide a business update. In its second-quarter materials, the company had reaffirmed its annual adjusted earnings guidance range and its longer-term growth target through 2033. For Central Pacific, the reported comparison allows investors to gauge improvement in income and earnings per share on a quarterly and annual basis, alongside the bank’s earlier net interest margin data.