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Jun 30, 2020
Cathay General Q2 2020 Earnings Report
Net income decreased compared to the same quarter a year ago.
Key Takeaways
Cathay General Bancorp reported a net income of $54.3 million, or $0.68 per share, for the second quarter of 2020.
Total deposits increased for the quarter by $1.2 billion, or 7.9%, to $16.3 billion.
Net income for the quarter ended June 30, 2020, was $54.3 million.
Diluted earnings per share for the quarter ended June 30, 2020, was $0.68 per share.
The Company recorded a provision for credit losses of $25.0 million in second quarter of 2020 compared to no provision for credit losses in the second quarter of 2019.
Cathay General
Cathay General
Forward Guidance
No specific forward guidance was provided in the release.