Cathay General Bancorp

Cathay General Bancorp is a holding company, which engages in the provision of financial services. It offers commercial mortgage loans, commercial loans, small business administration loans, residential mortgage loans, real estate construction loans, home equity lines of credit, and installment loans to individuals for automobile, household, and other consumer expenditures. The company was founded on April 19, 1962 and is headquartered in Los Angeles, CA.

Earnings data Q1 2024

Cathay General Bancorp reports $96M net income for Q1 2023

Cathay General Bancorp's Q1 2023 performance reflects a mixed picture with a slight decrease in net income and a focus on managing credit-related metrics. The company's proactive approach to deposit growth and capital management is a notable strength, while challenges persist in credit quality management. Opportunities exist in optimizing deposit strategies and leveraging tax credit amortization for financial benefits.

Cathay General Bancorp reports Q2 net income decrease, loan growth

CATY's Q2 2023 performance saw a decrease in net income and diluted earnings per share, but with positive growth in loans and deposits. The company faces challenges with decreased net interest margin and increased non-interest expense. However, opportunities exist with a lower effective tax rate and improved leverage capital ratio.

Cathay General Bancorp's Q3 Net Income Declines, Strong Deposit Growth

CATY's Q3 2023 saw a decline in net income and diluted earnings per share, driven by changes in loan composition and noninterest income. However, strong deposit growth and wealth management fee income present positive aspects. Challenges include a decrease in noninterest income and slowing commercial real estate activity. The company anticipates opportunities in tax rates and managing nonaccrual loans.

Cathay General Bancorp reports steady Q4 growth, eyes potential buyback

Cathay General Bancorp's Q4 2023 performance reflects steady growth in net income, loans, and deposits. While opportunities for growth and potential buyback approval are on the horizon, challenges related to interest rates and margin trajectory should be monitored.

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Besides Wall Street's top -and-bottom-line estimates for Cathay (CATY), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended March 2024.

Curious about Cathay (CATY) Q1 Performance? Explore Wall Street Estimates for Key Metrics

Cathay (CATY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Cathay General (CATY) to Report a Decline in Earnings: What to Look Out for

LOS ANGELES--(BUSINESS WIRE)--Cathay General Bancorp (Nasdaq: CATY), the holding company for Cathay Bank, is scheduled to announce its first quarter 2024 financial results after the markets close on Monday, April 22, 2024. Cathay General Bancorp has scheduled a conference call as set forth below. Analysts and investors may participate in the question-and-answer session. Conference Call and Webcast Information: Date: Monday, April 22, 2024 Time: 3:00 p.m. Pacific Time (6:00 p.m. Eastern Time) Du.

Cathay General Bancorp to Announce First Quarter 2024 Financial Results

LOS ANGELES--(BUSINESS WIRE)--Cathay General Bancorp (Nasdaq: CATY) announced that its Board of Directors declared a cash dividend of thirty-four cents per common share, payable on March 11, 2024, to stockholders of record at the close of business on February 28, 2024. ABOUT CATHAY GENERAL BANCORP Cathay General Bancorp is a publicly traded company (Nasdaq: CATY) and is the holding company for Cathay Bank, a California state-chartered bank. Cathay General Bancorp's website is at www.cathaygener.

Cathay General Bancorp Declares $0.34 Per Share Dividend

Cathay General Bancorp (CATY) Q4 2023 Earnings Call Transcript

Although the revenue and EPS for Cathay (CATY) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Cathay (CATY) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

Cathay General (CATY) came out with quarterly earnings of $1.25 per share, beating the Zacks Consensus Estimate of $1.10 per share. This compares to earnings of $1.33 per share a year ago.

Cathay General (CATY) Beats Q4 Earnings and Revenue Estimates

LOS ANGELES--(BUSINESS WIRE)--Cathay General Bancorp (the “Company”, “we”, “us”, or “our”) (Nasdaq: CATY), the holding company for Cathay Bank, today announced its unaudited financial results for the quarter and year ended December 31, 2023. The Company reported net income of $354.1 million, or $4.86 per share, for the year ended December 31, 2023 and net income of $82.5 million, or $1.13 per share, for the fourth quarter of 2023. The fourth quarter net income included a $11.3 million, or $0.12.

Cathay General Bancorp Announces Fourth Quarter and Full Year 2023 Results

Evaluate the expected performance of Cathay (CATY) for the quarter ended December 2023, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.

Cathay (CATY) Q4 Earnings Preview: What You Should Know Beyond the Headline Estimates

LOS ANGELES--(BUSINESS WIRE)--Cathay General Bancorp (Nasdaq: CATY), the holding company for Cathay Bank, is scheduled to announce its fourth quarter and full year 2023 financial results after the markets close on Wednesday, January 24, 2024. Cathay General Bancorp has scheduled a conference call as set forth below. Analysts and investors may participate in the question-and-answer session. Conference Call and Webcast Information: Date: Wednesday, January 24, 2024 Time: 3:00 p.m. Pacific Time (6.

Cathay General Bancorp to Announce Fourth Quarter and Full Year 2023 Financial Results

Cathay General Bancorp has experienced a decline of 12% YTD and the banking crisis at the beginning of the year has not been fully resolved. The composition of deposits at Cathay has changed dramatically, with non-interest-bearing demand deposits decreasing and expensive time deposits increasing. The net interest margin has dropped by 45 basis points from last year, but is still higher than the average of peers. The net interest margin is expected to be between 3.45%-3.50% in the next quarter.

Cathay General Bancorp: At The Current Price It May Not Be Worth It

Cathay General Bancorp (CATY) Q3 2023 Earnings Call Transcript

Cathay General (CATY) came out with quarterly earnings of $1.13 per share, beating the Zacks Consensus Estimate of $1.12 per share. This compares to earnings of $1.35 per share a year ago.

Cathay General (CATY) Surpasses Q3 Earnings Estimates

While the top- and bottom-line numbers for Cathay (CATY) give a sense of how the business performed in the quarter ended September 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Cathay (CATY) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

LOS ANGELES--(BUSINESS WIRE)--Cathay General Bancorp (the “Company”, “we”, “us”, or “our”) (Nasdaq: CATY), the holding company for Cathay Bank, today announced its unaudited financial results for the quarter ended September 30, 2023. The Company reported net income of $82.4 million, or $1.13 per share, for the third quarter of 2023. FINANCIAL PERFORMANCE Three months ended (unaudited) September 30, 2023 June 30, 2023 September 30, 2022 Net income $ 82.4 million $ 93.2 million $99.0 million Basi.

Cathay General Bancorp Announces Third Quarter 2023 Results

Cathay (CATY) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Why Cathay (CATY) Could Beat Earnings Estimates Again

Cathay General (CATY) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Why Cathay General (CATY) Might Surprise This Earnings Season

Cathay (CATY) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Cathay General (CATY) Expected to Beat Earnings Estimates: Should You Buy?

LOS ANGELES--(BUSINESS WIRE)--Cathay General Bancorp (Nasdaq: CATY), the holding company for Cathay Bank, is scheduled to announce its third quarter 2023 financial results after the markets close on Monday, October 23, 2023. Cathay General Bancorp has scheduled a conference call as set forth below. Analysts and investors may participate in the question-and-answer session. Conference Call and Webcast Information: Date:   Monday, October 23, 2023 Time:   3:00 p.m. Pacific Time (6:00 p.m. Eastern.

Cathay General Bancorp to Announce Third Quarter 2023 Financial Results

NIM has been declining for two consecutive quarters but remains higher than peers. The bank's loan growth is slowing down and the LDR is still quite high. The bank's exposure to commercial real estate loans is significant but mitigated by low loan-to-value ratios.

Cathay General Bancorp: It Might Be The Right Time For A First Purchase

Cathay General Bancorp (NASDAQ:CATY ) Q2 2023 Earnings Conference Call July 24, 2023 6:00 PM ET Company Participants Georgia Lo - Investor Relations Chang Liu - President and Chief Executive Officer Heng Chen - Executive Vice President and Chief Financial Officer Conference Call Participants Matthew Clark - Piper Sandler Andrew Terrell - Stephens Gary Tenner - D.A. Davidson Operator Good afternoon, ladies and gentlemen and welcome to Cathay General Bancorp's Second Quarter of 2023 Earnings Conference Call.

Cathay General Bancorp (CATY) Q2 2023 Earnings Call Transcript

Although the revenue and EPS for Cathay (CATY) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Compared to Estimates, Cathay (CATY) Q2 Earnings: A Look at Key Metrics

Cathay General (CATY) came out with quarterly earnings of $1.28 per share, beating the Zacks Consensus Estimate of $1.17 per share. This compares to earnings of $1.18 per share a year ago.

Cathay General (CATY) Q2 Earnings and Revenues Beat Estimates

LOS ANGELES--(BUSINESS WIRE)--Cathay General Bancorp (the “Company”, “we”, “us”, or “our”) (Nasdaq: CATY), the holding company for Cathay Bank, today announced its unaudited financial results for the quarter ended June 30, 2023. The Company reported net income of $93.2 million, or $1.28 per share, for the second quarter of 2023. FINANCIAL PERFORMANCE Three months ended (unaudited) June 30, 2023   March 31, 2023   June 30, 2022 Net income $ 93.2 million $ 96.0 million $89.0 million Basic earning.

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