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Mar 31, 2024
Cathay General Q1 2024 Earnings Report
Reported a net income of $71.4 million, or $0.98 per share, for the first quarter of 2024.
Key Takeaways
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%.
Net income for the first quarter of 2024 was $71.4 million.
Total deposits increased by $520.8 million to $19.85 billion.
Net interest margin decreased to 3.05%.
Diluted earnings per share decreased to $0.98.