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Mar 31, 2023
Cathay General Q1 2023 Earnings Report
Net income of $96.0 million, or $1.32 per share, was reported for the first quarter of 2023.
Key Takeaways
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.
Net income for the first quarter of 2023 was $96.0 million.
Total deposits increased by $143.6 million, or 3.1% annualized, to $18.6 billion.
Net interest margin decreased to 3.74% from 3.87% in the fourth quarter of 2022.
Diluted earnings per share decreased to $1.32 for the first quarter of 2023 compared to $1.33 for the fourth quarter of 2022.
Cathay General
Cathay General
Forward Guidance
No specific forward guidance was provided in the earnings report.