Cathay Gnl Bncp Stock Price, News & Analysis

Cathay General Bancorp (NASDAQ:CATY) reported strong Q2 2025 financial results with net income of $77.5 million, or $1.10 per diluted share, marking an 11.5% increase from Q1 2025's $69.5 million.

Key highlights include a net interest margin increase to 3.27%, total loans growth of 2.23% to $19.78 billion, and total deposits increase of 0.95% to $20.01 billion. The company demonstrated solid capital ratios with a Tier 1 risk-based capital ratio of 13.35%.

The bank announced a new $150 million stock repurchase program, with 804,179 shares already repurchased at an average cost of $44.22 per share. However, non-performing assets increased 14.9% to $199.5 million, representing 0.84% of total assets.

Cathay General Bancorp (Nasdaq: CATY), the holding company for Cathay Bank, will release its second quarter 2025 financial results after market close on Tuesday, July 22, 2025.

The company will host a conference call at 3:00 PM Pacific Time (6:00 PM Eastern Time) on the same day. Analysts and investors can participate in the Q&A session by dialing (833) 816-1377 with conference ID 10201334. A live webcast will be available on the company's website, with a recorded version accessible for replay within 24 hours and archived for one year.

Cathay General Bancorp (CATY) has announced a new $150 million share repurchase program, following the completion of its previous $125 million program. The prior program, announced in May 2024, concluded in February 2025 with the repurchase of 2,905,487 shares at an average cost of $43.02. The new repurchases will be executed through open market or private transactions, with timing and volume determined by management based on market conditions and other factors. The company may implement a Rule 10b5-1 plan to facilitate purchases during insider trading blackout periods. Cathay General Bancorp, founded in 1962, operates Cathay Bank with over 60 branches across nine U.S. states and maintains international presence in Hong Kong, Beijing, Shanghai, and Taipei.

Cathay General Bancorp (NASDAQ: CATY) has announced a quarterly cash dividend of $0.34 per common share. The dividend will be paid on June 9, 2025, to shareholders who are registered as stockholders at the close of business on May 29, 2025. This dividend declaration demonstrates the company's commitment to returning value to shareholders through regular dividend payments.

Cathay General Bancorp (CATY) reported Q1 2025 net income of $69.5 million, or $0.98 per diluted share, marking a 13.3% decrease from Q4 2024's $80.2 million. The company's net interest margin improved to 3.25% from 3.07% in Q4 2024.

Key financial metrics include: total loans decreased slightly to $19.35 billion (0.12% decline), while deposits increased by $131.3 million to $19.82 billion. The efficiency ratio improved to 45.60% from 53.22% year-over-year. The company completed a $125 million share repurchase program, buying back 876,906 shares at an average cost of $46.83.

Asset quality showed improvement with total non-performing assets decreasing by 11.5% to $173.7 million. The allowance for loan losses increased to $173.9 million, representing 0.90% of gross loans and 112.06% of non-performing loans.

Cathay General Bancorp (Nasdaq: CATY), the holding company for Cathay Bank, has scheduled to release its first quarter 2025 financial results after market close on Monday, April 21, 2025. The company will host a conference call the same day at 3:00 p.m. Pacific Time (6:00 p.m. Eastern Time).

The one-hour conference call will include a question-and-answer session for analysts and investors. Participants can join via dial-in number (833) 816-1377 using conference ID 10198304. A live webcast will be available on the company's website, with a recorded version accessible within 24 hours after the call and archived for one year.

Cathay General Bancorp (Nasdaq: CATY) has announced that its Board of Directors has declared a cash dividend of $0.34 per common share. The dividend will be payable on March 10, 2025, to stockholders of record at the close of business on February 27, 2025.

Cathay General Bancorp (CATY) reported Q4 2024 net income of $80.2 million ($1.12 per diluted share), up 18.8% from Q3's $67.5 million. Full-year 2024 net income was $286.0 million ($3.95 per share), down 19.2% from $354.1 million in 2023.

The Q4 net interest margin improved to 3.07% from 3.04% in Q3. Total loans decreased 0.9% to $19.38 billion year-over-year, while deposits increased 1.9% to $19.69 billion. Non-performing assets rose to $196.3 million, representing 0.85% of total assets.

During Q4, the company repurchased 506,651 shares at an average cost of $47.10 per share for a total of $23.9 million. The efficiency ratio improved to 45.70% in Q4 from 51.11% in Q3, while the effective tax rate decreased to 7.57% from 13.61%.

Cathay General Bancorp (CATY) has announced leadership changes in its risk management division. Kim R. Bingham will retire as Chief Risk Officer of Cathay Bank effective January 21, 2025, and will transition to Executive Vice President, Special Advisor to the Office of the President until approximately March 31, 2025.

Diana Deen will succeed Bingham as Executive Vice President and Chief Risk Officer starting January 21, 2025. Deen, 62, brings over 20 years of banking experience, most recently serving at Bank of the West as Executive Vice President, Head of Operational Risk and Chief Ethics and Conduct Officer (2018-2023). Her previous roles include Executive Vice President at Wells Fargo (2013-2017) and Managing Director at JPMorgan Chase (2008-2013), where she led global compliance and risk oversight initiatives.