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Jun 30, 2023
Cathay General Q2 2023 Earnings Report
Net income of $93.2 million, or $1.28 per share, was reported for the second quarter of 2023.
Key Takeaways
Cathay General Bancorp reported a net income of $93.2 million, or $1.28 per share, for the second quarter of 2023, with total loans increasing by $635.5 million and total deposits increasing by $448.1 million.
Total gross loans increased by $635.5 million, or 13.9% annualized, to $19.0 billion.
Net interest margin decreased to 3.44% from 3.74% in the first quarter of 2023.
Diluted earnings per share decreased to $1.28 compared to $1.32 for the first quarter of 2023.
Total deposits increased by $448.1 million to $19.10 billion.
Forward Guidance
No specific forward guidance was provided in the press release.
Historical Earnings Impact
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