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Cathay General Bancorp - CATY STOCK NEWS

Welcome to our dedicated news page for Cathay General Bancorp (Ticker: CATY), a resource for investors and traders seeking the latest updates and insights on Cathay General Bancorp.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Cathay General Bancorp's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Cathay General Bancorp's position in the market.

News
Cathay General Bancorp Announces First Quarter 2024 Results
Rhea-AI Summary
Cathay General Bancorp (CATY) announced its first-quarter 2024 financial results with a net income of $71.4 million or $0.98 per share. Total deposits increased by $520.8 million, but net interest margin decreased to 3.05%. Diluted earnings per share dropped to $0.98 due to changes in equity securities valuations. Non-interest income decreased by 71.4%, while non-interest expenses decreased by 15.7%. The company reported a provision for credit losses of $1.9 million. Gross loans decreased by 0.6%, and total deposits increased by 2.7%. The allowance for loan losses represented 0.80% of period-end gross loans.
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End-of-Day
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earnings
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News
Cathay General Bancorp to Announce First Quarter 2024 Financial Results
Rhea-AI Summary
Cathay General Bancorp (CATY) is set to announce its first quarter 2024 financial results on April 22, 2024. The company will hold a conference call for analysts and investors to participate in a question-and-answer session. The call will be at 3:00 p.m. Pacific Time on April 22, 2024, with a duration of 1 hour. Participants can join via dial-in number or webcast.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.19%
Tags
earnings
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News
Cathay General Bancorp Declares $0.34 Per Share Dividend
Rhea-AI Summary
Cathay General Bancorp (CATY) has declared a cash dividend of $0.34 per common share, payable on March 11, 2024, to stockholders of record on February 28, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.3%
Tags
dividends
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Cathay General Bancorp Announces Fourth Quarter and Full Year 2023 Results
Rhea-AI Summary
Cathay General Bancorp (CATY) reported net income of $354.1 million for the year ended December 31, 2023, and net income of $82.5 million for the fourth quarter. The company's diluted earnings per share for the year increased to $4.86, with total loans and deposits also showing significant increases. However, non-interest expense and the efficiency ratio increased, affecting the company's financial performance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.03%
Tags
earnings
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News
Cathay General Bancorp to Announce Fourth Quarter and Full Year 2023 Financial Results
Rhea-AI Summary
Cathay General Bancorp (CATY) is set to announce its Q4 and full year 2023 financial results on January 24, 2024. The conference call and webcast will provide analysts and investors with an opportunity to participate in a question-and-answer session. The call will take place at 3:00 p.m. Pacific Time on January 24, 2024, with a duration of 1 hour. Participants can join the live conference call by dialing (833) 816-1377 and using the conference ID 10185350. A listen-only live webcast will also be available at www.cathaygeneralbancorp.com, with a recorded version accessible for replay within 24 hours and archived for one year.
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End-of-Day
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Cathay General Bancorp Declares $0.34 Per Share Dividend
Rhea-AI Summary
Cathay General Bancorp (CATY) Declares Cash Dividend of 34 Cents per Share
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.33%
Tags
dividends
News
Cathay General Bancorp Announces Third Quarter 2023 Results
Rhea-AI Summary
Cathay General Bancorp reports net income of $82.4 million for Q3 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.9%
Tags
earnings
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News
Cathay General Bancorp to Announce Third Quarter 2023 Financial Results
Rhea-AI Summary
Cathay General Bancorp to announce Q3 2023 financial results
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.81%
Tags
earnings
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News
Cathay General Bancorp Declares $0.34 Per Share Dividend
Rhea-AI Summary
Cathay General Bancorp declares cash dividend of $0.34 per share
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.63%
Tags
dividends
News
Cathay Bank Foundation Announces the 2023 Scholarship Winners, Supporting Education and Empowering Future Leaders
Rhea-AI Summary
The Cathay Bank Foundation has announced the 20 winners of the 2023 Cathay Bank Foundation Scholarship. The scholarship program received a record-breaking number of 533 applications, a 70% increase from last year. Each scholarship winner will receive $1,000 towards their tuition costs as they begin their college or university studies this fall.
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Rhea-AI Sentiment
End-of-Day
0.43%
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Stock CATY logo
Cathay General Bancorp

Nasdaq:CATY

CATY Rankings

#1682 Ranked by Market Cap
#3686 Ranked by Stock Gains
#886 Ranked by Dividends

CATY Stock Data

2.56B
69.24M
5.68%
76.91%
2.62%
Commercial Banking
Finance and Insurance
Link
US
Los Angeles

About CATY

in 1962, cathay bank opened for business with the mission of providing financial services to the growing but underserved chinese-american community in the greater los angeles area, thus becoming the first chinese-american bank in southern california. recognizing that the community it served was part of a more diverse one, cathay bank adopted the motto "an open door for all." its rapid expansion was fueled by successive waves of immigration, burgeoning trade between america and asia, and the economic development of the surrounding community. today, cathay bank is a subsidiary of cathay general bancorp (nasdaq: caty), a publicly held bank holding company. its service network extends from the west coast to new york and massachusetts on the eastern seaboard, north to the state of washington, and south to texas. overseas, it has a presence in the three important commercial centers in the asian-pacific rim—hong kong, taipei, and shanghai. cathay bank, with years of history and experience,