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Jun 30, 2024
Cathay General Q2 2024 Earnings Report
Cathay General Bancorp reported net income of $66.8 million for the second quarter of 2024.
Key Takeaways
Cathay General Bancorp announced its second quarter 2024 results with a net income of $66.8 million, or $0.92 per share. The results included benefits from accelerated amortization of solar tax credit investments and a mark-to-market loss from equity securities.
Net income for the second quarter of 2024 was $66.8 million, or $0.92 per share.
Net interest margin decreased to 3.01% in the second quarter of 2024 from 3.05% in the first quarter of 2024.
The company repurchased 0.7 million shares at an average cost of $36.41 per share, for a total of $25.1 million.
Total non-performing assets increased $3.9 million, or 3.1%, to $129.0 million.
Cathay General
Cathay General
Cathay General Revenue by Segment
Revenue by Segment
Loan receivable Revenue
CapyFin.comInvestment securities Revenue
CapyFin.comFHLB stock Revenue
CapyFin.comDeposits with banks Revenue
CapyFin.com Forward Guidance
No specific forward guidance was provided in the press release.
Revenue & Expenses
Visualization of income flow from segment revenue to net income