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Jun 30, 2021
Cathay General Q2 2021 Earnings Report
Net income increased compared to the same quarter a year ago.
Key Takeaways
Cathay General Bancorp reported a net income of $77.2 million, or $0.97 per share, for the second quarter of 2021.
Total loans, excluding Paycheck Protection Program loans, increased by 3.4% annualized.
The net interest margin increased to 3.24% in the second quarter of 2021 from 3.20% in the first quarter of 2021 and 3.02% in second quarter of 2020.
Quarterly earnings per share increased 5.75% from first quarter of 2021 and 42.6% from same quarter in 2020.
Total deposits, excluding time deposits, increased for the quarter by $462.2 million, or 18.3% annualized.
Forward Guidance
The company did not provide any forward guidance in the earnings report.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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