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Dec 31, 2022
Cathay General Q4 2022 Earnings Report
Net income increased compared to the same quarter last year.
Key Takeaways
Cathay General Bancorp reported a net income of $97.6 million, or $1.33 per share, for the fourth quarter of 2022, which is an increase compared to the same quarter a year ago.
Record net income of $360.6 million and EPS of $4.83 per share in 2022.
Quarterly earnings per share increased 35.7% compared to same quarter in 2021.
Total loans increased $1.4 billion, or 8.3%, excluding HSBC purchased loans of $550.5 million, in 2022.
Net interest income for the quarter increased by 29.8% compared to the same quarter last year primarily as a result of loan growth and the higher level of interest rates.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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