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Dec 31, 2024
Cathay General Q4 2024 Earnings Report
Reported an increase in net interest margin and net income compared to the previous quarter.
Key Takeaways
Cathay General Bancorp reported a net income of $80.2 million, or $1.12 per diluted share, for the fourth quarter of 2024. The net interest margin increased to 3.07% during the quarter. Total deposits increased by $360.8 million compared to the prior year.
Net income for Q4 2024 was $80.2 million, or $1.12 per diluted share.
Net interest margin increased to 3.07% during the fourth quarter.
Total loans, excluding loans held for sale, decreased to $19.38 billion.
Total deposits increased to $19.69 billion.
Cathay General
Cathay General
Forward Guidance
Cathay General Bancorp will host a conference call to discuss its fourth quarter and year-end 2024 financial results this afternoon, Wednesday, January 22, 2025, at 3:00 p.m., Pacific Time.