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Dec 31, 2020
Cathay General Q4 2020 Earnings Report
Net income increased slightly and a reversal for loan losses was recorded.
Key Takeaways
Cathay General Bancorp reported a net income of $70.9 million, or $0.89 per share, for the fourth quarter of 2020. The net interest margin increased to 3.12%, and there was a reversal for loan losses of $5.0 million.
Net income for Q4 2020 was $70.9 million, or $0.89 per share.
Net interest margin increased to 3.12% in Q4 2020 from 3.02% in Q3 2020.
Loans, excluding Paycheck Protection Program loans, increased by $103.4 million, or 2.7% annualized.
Deposits, excluding CD's, increased by $351.0 million, or 15.5% annualized.
Forward Guidance
No specific forward guidance was provided in the press release.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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