Cathay General Earnings Reports

Cathay General Bancorp reported a net income of $80.2 million, or $1.12 per diluted share, for the fourth quarter of 2024. The net interest margin increased to 3.07% during the quarter. Total deposits increased by $360.8 million compared to the prior year.

Cathay General Bancorp reported a net income of $67.5 million, or $0.94 per diluted share, for the third quarter of 2024. The net interest margin increased to 3.04%, and total deposits grew to $19.94 billion.

Cathay General Bancorp announced its second quarter 2024 results with a net income of $66.8 million, or $0.92 per share. The results included benefits from accelerated amortization of solar tax credit investments and a mark-to-market loss from equity securities.

Cathay General Bancorp announced its Q1 2024 financial results, reporting a net income of $71.4 million, or $0.98 per share. Total deposits increased by $520.8 million, reaching $19.85 billion. The net interest margin decreased to 3.05%.

Cathay General Bancorp reported a net income of $82.5 million, or $1.13 per share, for Q4 2023. The results included an $11.3 million charge for a one-time FDIC special assessment. Total loans increased by $1.3 billion for the year, reaching $19.55 billion, and total deposits increased by $820.2 million to $19.33 billion.

Cathay General Bancorp reported a net income of $82.4 million, or $1.13 per share, for Q3 2023. Total deposits increased by $538.6 million, and total gross loans increased by $71.0 million. However, diluted earnings per share decreased due to changes in equity securities valuations, and the net interest margin declined slightly.

Cathay General Bancorp reported a net income of $93.2 million, or $1.28 per share, for the second quarter of 2023, with total loans increasing by $635.5 million and total deposits increasing by $448.1 million.

Cathay General Bancorp reported a net income of $96.0 million, or $1.32 per share, for the first quarter ended March 31, 2023. Total deposits increased by $143.6 million, or 3.1% annualized, to $18.6 billion. The net interest margin decreased to 3.74% from 3.87% in the previous quarter.

Cathay General Bancorp reported a net income of $97.6 million, or $1.33 per share, for the fourth quarter of 2022, which is an increase compared to the same quarter a year ago.

Cathay General Bancorp reported a net income of $99.0 million, or $1.35 per share, for the third quarter of 2022, marking a significant increase compared to the same quarter last year.

Cathay General Bancorp reported a net income of $89.0 million, or $1.18 per share, for the second quarter of 2022, representing an increase compared to both the previous quarter and the same quarter last year. The results were driven by loan growth and higher interest rates, which boosted net interest income.

Cathay General Bancorp reported a net income of $75.0 million, or $0.99 per share, for the first quarter of 2022, representing an increase compared to the same quarter last year.

Cathay General Bancorp reported a net income of $75.3 million, or $0.98 per share, for the fourth quarter of 2021. Total loans, excluding Paycheck Protection Program (“PPP”) loans, increased by $444.6 million, or 11.4% annualized. Total deposits for the quarter increased $1.1 billion, or 24.7% annualized.

Cathay General Bancorp reported a net income of $72.4 million, or $0.93 per share, for the third quarter of 2021, which increased compared to net income of $56.8 million for the same quarter a year ago. The increase was primarily due to a decrease in interest expense from deposits. Total loans, excluding PPP loans, increased by 9.1% annualized.

Cathay General Bancorp reported a net income of $77.2 million, or $0.97 per share, for the second quarter of 2021.

Cathay General Bancorp reported a net income of $73.4 million, or $0.92 per share, for the first quarter of 2021. The net interest margin was 3.20%, increasing 8 basis points from the fourth quarter of 2020. There was a reversal of provisions for credit losses of $13.6 million.

Cathay General Bancorp reported a net income of $70.9 million, or $0.89 per share, for the fourth quarter of 2020. The net interest margin increased to 3.12%, and there was a reversal for loan losses of $5.0 million.

Cathay General Bancorp reported a net income of $56.8 million for Q3 2020, a decrease compared to $72.8 million for the same quarter a year ago. The net interest margin was 3.02%, unchanged from the second quarter of 2020. The provision for loan losses decreased to $12.5 million compared to $25.0 million for the second quarter of 2020.

Cathay General Bancorp reported a net income of $54.3 million, or $0.68 per share, for the second quarter of 2020.

Cathay General Bancorp reported a net income of $46.9 million, or $0.59 per share, for the first quarter of 2020, which was a decrease compared to the same quarter a year ago. The decrease was primarily due to an increase in the provision for credit losses resulting from the economic deterioration caused by the COVID-19 pandemic.

Cathay General Bancorp announced its Q4 2019 financial results, reporting a net income of $67.4 million, or $0.84 per share. The company's net income increased by $2.8 million, or 4.3%, compared to the same quarter a year ago.