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Sep 30, 2023
Cathay General Q3 2023 Earnings Report
Net income decreased due to changes in equity securities valuations, deposits and gross loans increased, and net interest margin declined slightly.
Key Takeaways
Cathay General Bancorp reported a net income of $82.4 million, or $1.13 per share, for Q3 2023. Total deposits increased by $538.6 million, and total gross loans increased by $71.0 million. However, diluted earnings per share decreased due to changes in equity securities valuations, and the net interest margin declined slightly.
Net income for the quarter was $82.4 million, or $1.13 per share.
Total deposits increased by $538.6 million to $19.6 billion.
Total gross loans increased by $71.0 million to $19.0 billion.
Net interest margin declined slightly to 3.38%.
Forward Guidance
This document does not contain any forward guidance.
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Avg. Return Before/After Earnings
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