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Jun 30, 2022
Cathay General Q2 2022 Earnings Report
Cathay General Bancorp reported an increase in net income and earnings per share for Q2 2022.
Key Takeaways
Cathay General Bancorp reported a net income of $89.0 million, or $1.18 per share, for the second quarter of 2022, representing an increase compared to both the previous quarter and the same quarter last year. The results were driven by loan growth and higher interest rates, which boosted net interest income.
Net income for the quarter was $89.0 million, or $1.18 per share.
Total loans increased to $17.8 billion, or 9.5% annualized.
Net interest income increased by 18.4% compared to the same quarter last year.
The company repurchased 0.75 million shares at an average cost of $40.78 per share, for a total of $30.6 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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