Loading...
•
Mar 31, 2022
Cathay General Q1 2022 Earnings Report
Net income and diluted EPS increased compared to the same quarter last year.
Key Takeaways
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.
Total loans increased by $1.1 billion in the first quarter, including $646.1 million acquired from HSBC.
Net income for the quarter ended March 31, 2022, was $75.0 million, an increase of $1.6 million, or 2.2%, compared to the same quarter a year ago.
Diluted earnings per share for the quarter ended March 31, 2022, was $0.99 per share compared to $0.92 per share for the same quarter a year ago.
The Company completed its purchase of HSBC’s West Coast mass retail market consumer banking business and retail business banking business on February 7, 2022.
Cathay General
Cathay General
Forward Guidance
The press release does not contain any forward guidance.