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Mar 31, 2025
Cathay General Q1 2025 Earnings Report
Cathay General reported a decrease in net income and EPS in Q1 2025 driven by lower non-interest income and increased provision for credit losses.
Key Takeaways
Cathay General Bancorp posted a net income of $69.5M and diluted EPS of $0.98 in Q1 2025. While net interest income rose and deposits increased, earnings were affected by lower non-interest income and higher credit loss provisions.
Net income reached $69.5M, down from $80.2M in the prior quarter.
Net interest margin improved to 3.25% from 3.07%.
Deposits grew to $19.82B, an increase of $131.3M.
The company repurchased $41.1M in shares during the quarter.
Revenue by Segment
Forward Guidance
Cathay General did not provide quantitative forward guidance but emphasized continued focus on margin performance and credit quality in a dynamic interest rate environment.
Positive Outlook
- Net interest margin improved quarter-over-quarter.
- Deposit base grew by 0.7%.
- Share buybacks of $41.1M completed in Q1.
- Capital ratios remained well above regulatory requirements.
- Provision for credit losses increased to reflect conservative credit stance.
Challenges Ahead
- Net income declined 13.3% from Q4 2024.
- Non-interest income dropped by 27.6%.
- EPS declined from $1.12 to $0.98 QoQ.
- Non-performing assets remained elevated at $173.7M.
- Effective tax rate increased significantly to 19.82%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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