Cathay General Bancorp Q3 earnings reach $95.2M

Q: How much did CATY earn in the third quarter of 2026?

Cathay General Bancorp reported net income of $95.2 million, or $1.43 per diluted share, for the quarter ended September 30, 2026. In the second quarter, net income was $92.2 million and diluted earnings per share was $1.37.

Q: Why did CATY's provision for credit losses increase?

The provision was $28.6 million, compared with $11.2 million in the second quarter. The company attributed the higher provision primarily to strong loan growth and updated loss assumptions incorporating recent charge-off experience.

Q: What were CATY's loan and deposit balances at September 30, 2026?

Gross loans, excluding loans held for sale, were $21.20 billion, and total deposits were $21.83 billion as of September 30, 2026.

Gross loans and deposits increased during the quarter, while nonperforming assets declined to 0.47% of total assets.

Filing Impact

(High)

Filing Sentiment

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Form Type

8-K

Rhea-AI Filing Summary

Cathay General Bancorp (CATY) reported third-quarter 2026 net income of $95.2 million, or $1.43 per diluted share, compared with $92.2 million and $1.37 per share in the second quarter. Net interest income before provision for credit losses increased 5.5% to $211.9 million, and net interest margin was 3.52%, versus 3.48%. The provision for credit losses was $28.6 million, compared with $11.2 million in the prior quarter; the company attributed the increase primarily to loan growth and updated loss assumptions incorporating recent charge-off experience. Non-interest income was $42.8 million, compared with $21.4 million, primarily reflecting a $24.4 million increase in net gains from equity securities and a $3.1 million TruPS redemption benefit.

Gross loans, excluding loans held for sale, rose 2.79% to $21.20 billion as of September 30, 2026, and deposits rose 3.67% to $21.83 billion. Nonperforming assets declined 18.0% to $119.2 million, while their ratio to total assets fell to 0.47% from 0.59%. The Common Equity Tier 1 risk-based capital ratio was 13.51%. Nine-month net income was $274.3 million, up 22.1% from the same period a year earlier; net interest margin was 3.48%, compared with 3.28%.

1 point · 0 major

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It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

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How the balance works

Positive

Moderate pointNine-month net income rose 22.1% to $274.3 million year over year.

Negative

Moderate pointThe provision for credit losses was $28.6 million, compared with $11.2 million in the second quarter.

Filing Explained

The third-quarter results release reports $25.3 million of net charge-offs, concentrated in three borrower-specific credits—one construction loan and two movie-theater commercial real-estate loans acquired from Far East National Bank; the allowance for loan losses was $224.2 million as of September 30, 2026.

8-K Event Classification

3 items: 2.02, 7.01, 9.01

3 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Net income: $95.2 million Diluted earnings per share: $1.43 Net interest income before provision for credit losses: $211.9 million +5 more

8 metrics

Net income $95.2 million Third quarter 2026

Diluted earnings per share $1.43 Third quarter 2026

Net interest income before provision for credit losses $211.9 million Third quarter 2026

Provision for credit losses $28.6 million Third quarter 2026

Net interest margin 3.52% Third quarter 2026

Gross loans, excluding loans held for sale $21.20 billion As of September 30, 2026

Total deposits $21.83 billion As of September 30, 2026

Nonperforming assets $119.2 million As of September 30, 2026

Key Terms

net interest margin, provision for credit losses, non-performing assets, net charge-offs, +1 more

5 terms

net interest margin financial

"net interest margin was 3.52% for the third quarter of 2026"

Net interest margin measures how much a bank earns from lending and investing compared with what it pays for funding, expressed as a percentage of its interest-earning assets. Think of it like a grocery store’s markup: it shows the gap between buying cost and selling price per dollar of goods — here, the cost is interest paid and the sale is interest received. Investors watch it because a higher margin usually means a bank is more profitable and better at managing interest rate and credit conditions.

provision for credit losses financial

"The Company recorded a provision for credit losses of $28.6 million"

Provision for credit losses is an amount set aside by a financial institution to cover potential future losses from borrowers who may not repay their loans. It acts like a safety net, helping the institution manage risks and stay financially healthy. For investors, it signals how cautious a lender is about potential loan defaults and can impact the company's profitability and financial stability.

non-performing assets financial

"Total non-performing assets decreased $26.2 million"

Loans or other credit exposures that are not producing expected income because borrowers have stopped making scheduled payments for a significant period (commonly around 90 days). Think of it like a business lending money that has gone quiet — the cash flow stops while the lender still carries the debt on its books. High levels of non-performing assets matter to investors because they reduce a lender’s earnings, tie up capital that could be used for growth, and signal higher risk of future losses.

net charge-offs financial

"Net charge-offs of $25.3 million"

Net charge-offs are the amount of loans or credit a lender removes from its books as uncollectible after subtracting any money later recovered from previously written-off accounts. Think of it like a store writing off unpaid tabs but getting back a few dollars later — the net figure shows the real loss. Investors watch this to judge a lender’s loan quality, future profits and how much capital may be needed to cover bad debts.

Common Equity Tier 1 risk-based capital ratio regulatory

"Common Equity Tier 1 risk-based capital ratio of 13.51%"

A measure of a bank’s core capital — mainly common shares and retained earnings — divided by its assets after those assets are adjusted for how risky they are. Think of it like a household emergency fund sized against the value and riskiness of what you own: the larger the cushion, the better the bank can absorb losses. Investors use it to judge a bank’s financial strength, safety, and regulatory soundness, which affects dividends, lending capacity and the chance of government intervention.

Earnings Snapshot

Net income: $95.2 million

Third quarter 2026

Net income $95.2 million 3.3% increase from $92.2 million in the second quarter

Diluted earnings per share $1.43 $1.37 in the second quarter

Net interest income before provision for credit losses $211.9 million 5.5% increase from $200.9 million in the second quarter

Provision for credit losses $28.6 million $11.2 million in the second quarter

Net interest margin 3.52% 3.48% in the second quarter

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much did CATY earn in the third quarter of 2026?

Cathay General Bancorp reported net income of $95.2 million, or $1.43 per diluted share, for the quarter ended September 30, 2026. In the second quarter, net income was $92.2 million and diluted earnings per share was $1.37.

Why did CATY's provision for credit losses increase?

The provision was $28.6 million, compared with $11.2 million in the second quarter. The company attributed the higher provision primarily to strong loan growth and updated loss assumptions incorporating recent charge-off experience.

What were CATY's loan and deposit balances at September 30, 2026?

Gross loans, excluding loans held for sale, were $21.20 billion, and total deposits were $21.83 billion as of September 30, 2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 10/21/2026 - 04:33 PM EDT Accepted by SEC EDGAR 10/21/2026 - 04:32 PM EDT

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 21, 2026

CATHAY GENERAL BANCORP
(Exact name of registrant as specified in its charter)

Delaware	001-31830	95-4274680
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

777 North Broadway, Los Angeles, California 90012

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (213) 625-4700

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common stock	CATY	Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02

Results of Operations and Financial Condition.

On October 21, 2026, Cathay General Bancorp (the “Company”) announced, in a press release, its financial results for the quarter ended September 30, 2026. That press release is attached hereto as Exhibit 99.1.

Item 7.01

Regulation FD Disclosure

As announced in the press release attached hereto as Exhibit 99.1, the Company will host a conference call on Wednesday, October 21, 2026 at 3:00 p.m. Pacific Time to discuss its third quarter 2026 financial results. A presentation to accompany the conference call, which contains certain historical and forward-looking information relating to the Company (the “Presentation Materials”), has been made available on its website at www.cathaygeneralbancorp.com. A copy of the Presentation Materials is attached hereto as Exhibit 99.2.

The information included in this report pursuant to Item 2.02 and Item 7.01 of Form 8-K (including Exhibit 99.1 and Exhibit 99.2) shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall such information be deemed to be incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act.

Item 9.01

Financial Statements and Exhibits.

(d)

Exhibits

99.1

Press Release of Cathay General Bancorp, dated October 21, 2026

99.2

Presentation Materials, dated October 21, 2026

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

Date: October 21, 2026

	CATHAY GENERAL BANCORP



	By:	/s/ Albert J. Wang
		Albert J. Wang
		Executive Vice President and
		Chief Financial Officer

Exhibit 99.1

FOR IMMEDIATE RELEASE

For:	Cathay General Bancorp	Contact:	Albert J. Wang
	777 N. Broadway		(626) 279-3695
	Los Angeles, CA 90012

Cathay General Bancorp Announces Third Quarter 2026 Results

Los Angeles, Calif., October 21, 2026: 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, 2026. The Company reported net income of $95.2 million, or $1.43 per diluted share, for the third quarter of 2026 compared to $92.2 million, or $1.37 per diluted share for the second quarter of 2026.

“Our third quarter results reflected strong performance across the franchise. Net interest income grew, loans and deposits increased meaningfully, and net interest margin continued to expand,” said Chang M. Liu, President and Chief Executive Officer of the Company. “We remain focused on disciplined execution and prudent balance sheet management to build on this progress and continue delivering long-term value for our shareholders.”

THIRD QUARTER HIGHLIGHTS

	Three months ended
(unaudited)	September 30, 2026			June 30, 2026			September 30, 2025
Net income	$95.2 million			$92.2 million			$77.7 million
Basic earnings per common share	$	1.43		$	1.38		$	1.13
Diluted earnings per common share	$	1.43		$	1.37		$	1.13
Return on average assets		1.51	%		1.52	%		1.29	%
Return on average total stockholders' equity		12.28	%		12.21	%		10.60	%
Efficiency ratio		40.60	%		41.53	%		41.84	%

●	Record net interest income of $211.9 million, an increase of $11.0 million, or 5.5%, from the second quarter of 2026.

●	Net interest margin expanded four basis points to 3.52% from 3.48% in the second quarter of 2026.

●	Total loans, excluding loans held for sale, increased $574.5 million, or 2.79% sequentially to $21.20 billion, representing approximately 11.4% annualized growth.

●	Total deposits increased $773.3 million, or 3.67%, sequentially to $21.83 billion, supporting strong loan growth and strategic balance sheet positioning.

●	Nonperforming assets declined $26.2 million, or 18.0%, and the ratio of nonperforming assets to total assets improved to 0.47% from 0.59%.

●	The provision for credit losses was $28.6 million, primarily reflecting strong loan growth and updated loss assumptions incorporating recent charge-off experience.

●	The Company completed the redemption of $54.1 million of Trust Preferred Securities (“TruPS”), representing approximately 45% of the Company's $119.1 million of outstanding TruPS.

INCOME STATEMENT REVIEW

THIRD QUARTER 2026 COMPARED TO THE SECOND QUARTER 2026

Net income for the quarter ended September 30, 2026, was $95.2 million, an increase of $3.0 million, or 3.3%, compared to net income of $92.2 million for the second quarter of 2026. Diluted earnings per share for the third quarter of 2026 was $1.43 per share compared to $1.37 per share for the second quarter of 2026.

Return on average stockholders’ equity was 12.28% and return on average assets was 1.51% for the quarter ended September 30, 2026, compared to a return on average stockholders’ equity of 12.21% and a return on average assets of 1.52% in the second quarter of 2026.

Net interest income before provision for credit losses

Net interest income before provision for credit losses increased $11.0 million, or 5.5%, to $211.9 million during the third quarter of 2026, compared to $200.9 million in the second quarter of 2026. The increase was due primarily to an increase in interest income from loans and deposits with banks and partially offset by an increase in deposit interest expense.

The net interest margin was 3.52% for the third quarter of 2026 compared to 3.48% for the second quarter of 2026.

For the third quarter of 2026, the yield on average interest-earning assets was 5.74%, the cost of funds on average interest-bearing liabilities was 2.93%, and the cost of average interest-bearing deposits was 2.91%. In comparison, for the second quarter of 2026, the yield on average interest-earning assets was 5.66%, the cost of funds on average interest-bearing liabilities was 2.89%, and the cost of average interest-bearing deposits was 2.86%. The increase in the cost of funds on average interest-bearing liabilities resulted mainly from higher interest rates on deposits, driven by the higher repricing of maturing time deposits in the third quarter. The increase in the yield on average interest-earning assets resulted mainly from higher interest rates on loans. The net interest spread, defined as the difference between the yield on average interest-earning assets and the cost of funds on average interest-bearing liabilities, was 2.81% for the third quarter of 2026, compared to 2.77% for the second quarter of 2026.

Provision for credit losses

The Company recorded a provision for credit losses of $28.6 million in the third quarter of 2026 compared to $11.2 million in the second quarter of 2026. The higher provision primarily reflected strong loan growth and updated loss assumptions incorporating recent charge-off experience. Nonperforming assets declined $26.2 million, or 18.0%, during the quarter, and the ratio of nonperforming assets to total assets improved to 0.47% from 0.59%. As of September 30, 2026, the allowance for loan losses increased by $5.3 million to $224.2 million, or 1.06% of gross loans, compared to $218.9 million, or 1.06% of gross loans as of June 30, 2026.

Net charge-offs of $25.3 million, or 0.48% of average loans on an annualized basis, were concentrated in three borrower-specific credits, including one construction loan and two movie theater CRE loans acquired from Far East National Bank.

- 2 -

The following table sets forth the charge-offs and recoveries for the periods indicated:

	Three months ended						Nine months ended September 30,
	September 30, 2026		June 30, 2026		September 30, 2025		2026		2025
	(In thousands) (Unaudited)
Charge-offs:
Commercial loans	$	261	$	2,743	$	16,173	$	10,975	$	27,634
Construction loans		8,810		—		—		8,810		—
Real estate loans ⁽¹⁾		17,876		—		314		19,261		4,227
Total charge-offs		26,947		2,743		16,487		39,046		31,861
Recoveries:
Commercial loans		1,660		853		547		7,444		1,012
Construction loans		—		—		5		—		6
Real estate loans⁽¹⁾		—		42		289		2,344		479
Total recoveries		1,660		895		841		9,788		1,497
Net charge-offs	$	25,287	$	1,848	$	15,646	$	29,258	$	30,364

⁽¹⁾ Real estate loans include commercial real estate loans, residential mortgage loans and equity lines.

Non-interest income

Non-interest income, which includes revenues from depository service fees, letters of credit commissions, securities gains (losses), wealth management fees, and other sources of fee income, was $42.8 million for the third quarter of 2026, an increase of $21.4 million, or 99.8%, compared to $21.4 million for the second quarter of 2026. The increase was primarily driven by a $24.4 million increase in net gains from equity securities and a $3.1 million benefit from the redemption of TruPS, partially offset by a $4.5 million increase in losses related to investment securities repositioning activities and a $1.3 million decrease in wealth management fees.

Non-interest expense

Non-interest expense increased $11.1 million, or 12.0%, to $103.4 million in the third quarter of 2026 compared to $92.3 million in the second quarter of 2026. The increase was primarily attributable to an $8.0 million charitable contribution to the Cathay Bank Foundation, a $5.4 million contract termination fee, and a $1.5 million increase in salaries and employee benefits, partially offset by a $3.4 million decrease in the amortization of investments in low-income housing and alternative energy partnerships. The efficiency ratio, defined as non-interest expense divided by the sum of net interest income before provision for credit losses plus non-interest income, was 40.60% in the third quarter of 2026 compared to 41.53% for the second quarter of 2026.

Income taxes

The effective tax rate for the third quarter of 2026 was 22.42% compared to 22.35% for the second quarter of 2026, primarily due to the higher pre-tax income in the third quarter of 2026. The effective tax rate for the third quarter of 2026 and second quarter of 2026 includes the impact of low-income housing tax credits.

BALANCE SHEET REVIEW

Gross loans, excluding loans held for sale, increased $574.5 million, or 2.79%, to $21.20 billion as of September 30, 2026, from $20.62 billion as of June 30, 2026. The increase was primarily due to increases of $420.4 million, or 11.9%, in commercial loans; $73.3 million, or 1.3%, in residential real estate loans; $65.5 million, or 0.6%, in commercial real estate loans; and $17.5 million, or 7.0%, in construction loans, partially offset by a decrease of $6.4 million, or 2.7%, in equity lines.

- 3 -

The loan balances and composition as of September 30, 2026, compared to June 30, 2026, and September 30, 2025, are presented below:

	September 30, 2026			June 30, 2026			September 30, 2025
	(In thousands) (Unaudited)
Commercial loans	$	3,945,390		$	3,524,945		$	3,212,907
Construction loans		265,880			248,375			356,215
Commercial real estate loans		10,844,794			10,779,326			10,484,939
Residential mortgage loans		5,905,416			5,832,159			5,815,140
Equity lines		227,831			234,265			232,254
Installment and other loans		6,550			2,262			3,261
Gross loans	$	21,195,861		$	20,621,332		$	20,104,716

Allowance for loan losses		(224,190	)		(218,896	)		(186,647	)
Unamortized deferred loan fees		(15,523	)		(14,606	)		(14,987	)
Total loans held for investment, net	$	20,956,148		$	20,387,830		$	19,903,082

Loans held for sale	$	13,597		$	—		$	—

Total deposits were $21.83 billion as of September 30, 2026, an increase of $773.3 million, or 3.67%, from $21.06 billion as of June 30, 2026.

The deposit balances and composition as of September 30, 2026, compared to June 30, 2026, and September 30, 2025, are presented below:

	September 30, 2026		June 30, 2026		September 30, 2025
	(In thousands) (Unaudited)
Non-interest-bearing demand deposits	$	3,950,436	$	3,567,527	$	3,574,567
NOW deposits		2,634,247		2,612,011		2,226,182
Money market deposits		4,284,484		3,894,594		3,586,301
Savings deposits		1,517,383		1,421,969		1,424,243
Time deposits		9,448,438		9,565,547		9,709,856
Total deposits	$	21,834,988	$	21,061,648	$	20,521,149

ASSET QUALITY REVIEW

As of September 30, 2026, total non-accrual loans were $87.3 million, a decrease of $24.4 million, or 21.8%, from $111.7 million as of June 30, 2026.

The allowance for loan losses was $224.2 million and the allowance for off-balance sheet unfunded credit commitments was $12.9 million as of September 30, 2026. Together, these allowances represent the amount estimated by management to be appropriate to absorb expected credit losses inherent in the loan portfolio, including unfunded credit commitments. The allowance for loan losses represented 1.06% of period-end gross loans, and 242.97% of non-performing loans as of September 30, 2026. The comparable ratios were 1.06% of period-end gross loans, and 195.97% of non-performing loans as of June 30, 2026.

- 4 -

The changes in non-performing assets as of September 30, 2026, compared to June 30, 2026, and September 30, 2025, are presented below:

(In thousands) (Unaudited)	September 30, 2026			June 30, 2026			% Change			September 30, 2025			% Change
Non-performing assets
Accruing loans past due 90 days or more	$	4,994		$	—			100		$	110			4,440

Non-accrual loans:
Commercial real estate loans		47,246			70,157			(33	)		103,158			(54	)
Commercial loans		7,188			8,448			(15	)		33,690			(79	)
Residential mortgage loans		32,844			33,091			(1	)		28,784			14
Total non-accrual loans:	$	87,278		$	111,696			(22	)	$	165,632			(47	)
Total non-performing loans		92,272			111,696			(17	)		165,742			(44	)
Other real estate owned		26,910			33,659			(20	)		32,983			(18	)
Total non-performing assets	$	119,182		$	145,355			(18	)	$	198,725			(40	)
								—
Allowance for loan losses	$	224,190		$	218,896			2		$	186,647			20
Allowance for off-balance sheet credit commitments	$	12,938		$	14,918			(13	)	$	9,860			31
								—
Total gross loans outstanding, at period-end	$	21,195,861		$	20,621,332			3		$	20,104,716			5

Allowance for loan losses to non-performing loans, at period-end		242.97	%		195.97	%					112.61	%
Allowance for loan losses to gross loans, at period-end		1.06	%		1.06	%					0.93	%

The ratio of non-performing assets to total assets decreased to 0.47% as of September 30, 2026, from 0.59% as of June 30, 2026. Total non-performing assets decreased $26.2 million, or 18.0%, to $119.2 million as of September 30, 2026, from $145.4 million as of June 30, 2026. The decrease was primarily due to decreases of $24.4 million, or 21.8%, in non-accrual loans and $6.7 million, or 20.1%, in other real estate owned, partially offset by an increase of $5.0 million, or 100.0%, in accruing loans past due 90 days or more.

CAPITAL ADEQUACY REVIEW

As of September 30, 2026, the Company’s Common Equity Tier 1 risk-based capital ratio of 13.51%, Tier 1 risk-based capital ratio of 13.51%,total risk-based capital ratio of 15.00%, and Tier 1 leverage capital ratio of 11.06%, calculated under the Basel III capital rules, exceeded applicable minimum regulatory capital requirements, including the fully phased-in 2.5% capital conservation buffer applicable to the risk-based capital ratios. As of June 30, 2026, the Company’s Common Equity Tier 1 risk-based capital ratio was 13.70%, Tier 1 risk-based capital ratio was 13.70%,total risk-based capital ratio was 15.47%, and Tier 1 leverage capital ratio was 11.28%.

YEAR-TO-DATE REVIEW

Net income for the nine months ending September 30, 2026, was $274.3 million, an increase of $49.7 million, or 22.1%, compared to net income of $224.6 million for the same period a year ago. Diluted earnings per share for the nine months ending September 30, 2026 was $4.09 per share compared to $3.21 per share for the same period a year ago. The net interest margin for the nine months ended September 30, 2026, was 3.48% compared to 3.28% for the same period a year ago.

Return on average stockholders’ equity was 12.13% and return on average assets was 1.50% for the nine months ended September 30, 2026, compared to a return on average stockholders’ equity of 10.39% and a return on average assets of 1.28% for the same period a year ago. The efficiency ratio for the nine months ended September 30, 2026, was 40.82% compared to 44.18% for the same period a year ago.

- 5 -

CONFERENCE CALL

Cathay General Bancorp will host a conference call to discuss its third quarter 2026 financial results this afternoon, Wednesday, October 21, 2026, at 3:00 p.m., Pacific Time. Analysts and investors may dial in and participate in the question-and-answer session. To access the call, please dial 1-833-816-1377 and enter Conference ID 10212696. The presentation accompanying this call and access to the live webcast is available on our site at www.cathaygeneralbancorp.com and a replay of the webcast will be archived for one year within 24 hours after the event.

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. Founded in 1962, Cathay Bank offers a wide range of financial services and currently operates over 60 branches across the United States in California, New York, Washington, Texas, Illinois, Massachusetts, Maryland, Nevada, and New Jersey. Overseas, it has a branch outlet in Hong Kong, and representative offices in Beijing, Shanghai, Taipei and Ho Chi Minh City. To learn more about Cathay Bank, please visit www.cathaybank.com. Cathay General Bancorp’s website is at www.cathaygeneralbancorp.com. Information set forth on such websites is not incorporated into this press release.

- 6 -

FORWARD-LOOKING STATEMENTS

Statements made in this press release, other than statements of historical fact, are forward-looking statements within the meaning of the applicable provisions of the Private Securities Litigation Reform Act of 1995 regarding management’s beliefs, projections, and assumptions concerning future results and events. These forward-looking statements may include, but are not limited to, such words as “aims,” “anticipates,” “believes,” “can,” “continue,” “could,” “estimates,” “expects,” “hopes,” “intends,” “may,” “plans,” “projects,” “predicts,” “potential,” “possible,” “optimistic,” “seeks,” “shall,” “should,” “will,” and variations of these words and similar expressions. Forward-looking statements are based on estimates, beliefs, projections, and assumptions of management and are not guarantees of future performance. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from our historical experience and our present expectations or projections. Such risks and uncertainties and other factors include, but are not limited to, adverse developments or conditions related to or arising from local, regional, national and international business, market and economic conditions and events, the potential for new or increased tariffs, trade restrictions or geopolitical tensions that could affect economic activity or specific industry sectors and the impact they may have on us, our customers and our operations, assets and liabilities; possible additional provisions for credit losses and charge-offs; credit risks of lending activities and deterioration in asset or credit quality; extensive laws and regulations and supervision that we are subject to including potential future supervisory action by bank supervisory authorities; increased costs of compliance and other risks associated with changes in regulation; higher capital requirements from the implementation of the Basel III capital standards; compliance with the Bank Secrecy Act and other money laundering statutes and regulations; potential goodwill impairment; liquidity risk; fluctuations in interest rates; risks associated with acquisitions and the expansion of our business into new markets; inflation and deflation; real estate market conditions and the value of real estate collateral; our ability to generate anticipated returns on our investments and financings, including in tax-advantaged projects; environmental liabilities; our ability to compete with larger competitors; our ability to retain key personnel; successful management of reputational risk; natural disasters, public health crises and geopolitical events; including wars and armed conflicts, and their resulting economic impacts; general economic or business conditions in Asia, and other regions where Cathay Bank has operations; failures, interruptions, or security breaches of our information systems; our ability to adapt our systems to technological changes; risk management processes and strategies; adverse results in legal proceedings; certain provisions in our charter and bylaws that may affect acquisition of the Company; changes in accounting standards or tax laws and regulations; market disruption and volatility; restrictions on dividends and other distributions by laws and regulations and by our regulators and our capital structure; issuance of preferred stock; successfully raising additional capital, if needed, and the resulting dilution of interests of holders of our common stock; the soundness of other financial institutions; and general competitive, economic, political, and market conditions and fluctuations.

These and other factors are further described in Cathay General Bancorp’s Annual Report on Form 10-K for the year ended December 31, 2025 (Item 1A in particular), other reports filed with the Securities and Exchange Commission (“SEC”), and other filings Cathay General Bancorp makes with the SEC from time to time. Actual results in any future period may also vary from the past results discussed in this press release. Given these risks and uncertainties, readers are cautioned not to place undue reliance on any forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, we undertake no obligation to update or review any forward-looking statement to reflect circumstances, developments or events occurring after the date on which the statement is made or to reflect the occurrence of unanticipated events.

- 7 -

CATHAY GENERAL BANCORP

CONSOLIDATED FINANCIAL HIGHLIGHTS

(Unaudited)

	Three months ended									Nine months ended September 30,
(In thousands, except per share data)	September 30, 2026			June 30, 2026			September 30, 2025			2026			2025

Financial performance
Net interest income before provision for credit losses	$	211,878		$	200,897		$	189,587		$	606,943		$	547,447
Provision for credit losses		28,600			11,240			28,731			58,033			55,431
Net interest income after provision for credit losses		183,278			189,657			160,856			548,910			492,016
Non-interest income		42,770			21,405			21,021			84,834			47,616
Non-interest expense		103,376			92,316			88,117			282,372			262,907
Income before income tax expense		122,672			118,746			93,760			351,372			276,725
Income tax expense		27,498			26,537			16,109			77,103			52,118
Net income	$	95,174		$	92,209		$	77,651		$	274,269		$	224,607

Net income per common share:
Basic	$	1.43		$	1.38		$	1.13		$	4.10		$	3.22
Diluted	$	1.43		$	1.37		$	1.13		$	4.09		$	3.21
Cash dividends paid per common share	$	0.38		$	0.38		$	0.34		$	1.14		$	1.02

Selected ratios
Return on average assets		1.51	%		1.52	%		1.29	%		1.50	%		1.28	%
Return on average total stockholders’ equity		12.28	%		12.21	%		10.60	%		12.13	%		10.39	%
Efficiency ratio		40.60	%		41.53	%		41.84	%		40.82	%		44.18	%
Dividend payout ratio		26.49	%		27.59	%		29.93	%		27.74	%		31.59	%

Yield analysis (Fully taxable equivalent)
Total interest-earning assets		5.74	%		5.66	%		5.84	%		5.70	%		5.85	%
Total interest-bearing liabilities		2.93	%		2.89	%		3.32	%		2.94	%		3.38	%
Net interest spread		2.81	%		2.77	%		2.52	%		2.76	%		2.47	%
Net interest margin		3.52	%		3.48	%		3.31	%		3.48	%		3.28	%

Capital ratios	September 30, 2026			June 30, 2026			September 30, 2025
Common equity tier 1 capital ratio		13.51	%		13.70	%		13.15	%
Tier 1 risk-based capital ratio		13.51	%		13.70	%		13.15	%
Total risk-based capital ratio		15.00	%		15.47	%		14.76	%
Tier 1 leverage capital ratio		11.06	%		11.28	%		10.88	%

- 8 -

CATHAY GENERAL BANCORP

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited)

(In thousands, except share and per share data)	September 30, 2026			June 30, 2026			September 30, 2025

Assets
Cash and due from banks	$	131,044		$	163,976		$	166,167
Short-term investments and interest bearing deposits		1,576,961			1,163,120			1,141,886
Securities available-for-sale (amortized cost of $1,657,883 at September 30, 2026 $1,737,212 at June 30, 2026 and $1,728,199 at September 30, 2025)		1,589,036			1,682,820			1,643,450
Loans held for sale		13,597			—			—
Loans		21,195,861			20,621,332			20,104,716
Less: Allowance for loan losses		(224,190	)		(218,896	)		(186,647	)
Unamortized deferred loan fees, net		(15,523	)		(14,606	)		(14,987	)
Loans, net		20,956,148			20,387,830			19,903,082
Equity securities		116,907			80,854			32,111
Federal Home Loan Bank stock		17,250			17,250			17,250
Other real estate owned, net		26,910			33,659			32,983
Affordable housing investments and alternative energy partnerships, net		295,407			293,553			292,672
Premises and equipment, net		90,346			90,613			88,552
Customers’ liability on acceptances		6,393			11,214			7,730
Accrued interest receivable		97,206			94,676			96,055
Goodwill		375,696			375,696			375,696
Other intangible assets, net		2,095			2,341			2,667
Right-of-use assets- operating leases		35,493			33,269			31,086
Other assets		242,012			221,948			244,257
Total assets	$	25,572,501		$	24,652,819		$	24,075,644

Liabilities and Stockholders’ Equity
Deposits:
Non-interest-bearing demand deposits	$	3,950,436		$	3,567,527		$	3,574,567
Interest-bearing deposits:
NOW deposits		2,634,247			2,612,011			2,226,182
Money market deposits		4,284,484			3,894,594			3,586,301
Savings deposits		1,517,383			1,421,969			1,424,243
Time deposits		9,448,438			9,565,547			9,709,856
Total deposits		21,834,988			21,061,648			20,521,149

Advances from the Federal Home Loan Bank		200,000			—			190,000
Long-term debt		65,011			119,136			119,136
Acceptances outstanding		6,393			11,214			7,730
Lease liabilities - operating leases		37,370			35,114			33,079
Other liabilities		371,994			379,093			302,274
Total liabilities		22,515,756			21,606,205			21,173,368
Stockholders' equity		3,056,745			3,046,614			2,902,276
Total liabilities and equity	$	25,572,501		$	24,652,819		$	24,075,644

Book value per common share	$	46.26		$	45.59		$	42.50
Number of common shares outstanding		66,083,728			66,825,367			68,286,591

- 9 -

CATHAY GENERAL BANCORP

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

	Three months ended									Nine months ended September 30,
	September 30, 2026			June 30, 2026			September 30, 2025			2026			2025
	(In thousands, except share and per share data)
Interest and Dividend Income
Loan receivable, including loan fees	$	317,189		$	302,170		$	308,945		$	918,294		$	899,786
Investment securities		15,086			14,420			12,690			42,489			38,459
Federal Home Loan Bank stock		658			253			376			1,785			1,128
Deposits with banks		12,219			10,610			12,184			32,947			37,135
Total interest and dividend income		345,152			327,453			334,195			995,515			976,508

Interest Expense
Time deposits		83,001			80,207			93,087			248,054			283,517
Other deposits		47,869			42,930			46,300			131,805			133,104
Advances from Federal Home Loan Bank		384			1,457			3,075			2,851			5,721
Long-term debt		1,808			1,841			2,043			5,478			6,092
Short-term borrowings		212			121			103			384			627
Total interest expense		133,274			126,556			144,608			388,572			429,061
Net interest income before provision for credit losses		211,878			200,897			189,587			606,943			547,447
Provision for credit losses		28,600			11,240			28,731			58,033			55,431
Net interest income after provision for credit losses		183,278			189,657			160,856			548,910			492,016

Non-Interest Income
Net gains/(losses) from equity securities		36,053			11,652			3,263			65,021			(2,318	)
Net loss on investment securities		(15,084	)		(10,554	)		—			(41,323	)		—
Letters of credit commissions		2,093			2,331			2,256			6,830			6,467
Depository service fees		2,106			1,971			2,011			6,091			5,688
Wealth management fees		6,623			7,920			6,219			21,645			17,324
Other operating income		10,979			8,085			7,272			26,570			20,455
Total non-interest income		42,770			21,405			21,021			84,834			47,616

Non-Interest Expense
Salaries and employee benefits		48,233			46,733			43,462			140,477			129,012
Occupancy expense		6,171			5,812			6,104			17,799			17,791
Computer and equipment expense		7,211			6,594			5,760			19,432			16,974
Professional services expense		7,842			7,438			7,360			23,062			23,696
Data processing service expense		4,136			3,651			3,991			11,802			13,028
FDIC and State assessments		2,896			2,992			2,783			8,335			9,359
Marketing expense		1,683			1,472			1,494			5,018			4,485
Other real estate owned expense/(income)		442			339			(1,078	)		2,370			(1,211	)
Amortization of investments in low income housing and alternative energy partnerships		6,467			9,873			12,149			23,080			32,382
Amortization of core deposit intangibles		218			217			229			653			729
Other operating expense		18,077			7,195			5,863			30,344			16,662
Total non-interest expense		103,376			92,316			88,117			282,372			262,907

Income before income tax expense		122,672			118,746			93,760			351,372			276,725
Income tax expense		27,498			26,537			16,109			77,103			52,118
Net income	$	95,174		$	92,209		$	77,651		$	274,269		$	224,607
Net income per common share:
Basic	$	1.43		$	1.38		$	1.13		$	4.10		$	3.22
Diluted	$	1.43		$	1.37		$	1.13		$	4.09		$	3.21

Cash dividends paid per common share	$	0.38		$	0.38		$	0.34		$	1.14		$	1.02
Basic average common shares outstanding		66,499,705			67,014,700			68,727,390			66,832,009			69,692,964
Diluted average common shares outstanding		66,761,397			67,304,846			68,990,648			67,131,370			69,946,877

- 10 -

CATHAY GENERAL BANCORP

AVERAGE BALANCES – SELECTED CONSOLIDATED FINANCIAL INFORMATION

(Unaudited)

	Three months ended
(In thousands)(Unaudited)	September 30, 2026					June 30, 2026					September 30, 2025
Interest-earning assets:	Average Balance		Average Yield/Rate ⁽¹⁾			Average Balance		Average Yield/Rate ⁽¹⁾			Average Balance		Average Yield/Rate ⁽¹⁾
Loans ⁽¹⁾	$	20,891,868		6.02	%	$	20,297,364		5.97	%	$	19,951,853		6.14	%
Taxable investment securities		1,651,113		3.62	%		1,704,008		3.39	%		1,634,248		3.08	%
FHLB stock		17,250		15.13	%		17,250		5.87	%		17,250		8.65	%
Deposits with banks		1,310,565		3.70	%		1,168,077		3.64	%		1,113,274		4.34	%
Total interest-earning assets	$	23,870,796		5.74	%	$	23,186,699		5.66	%	$	22,716,625		5.84	%

Interest-bearing liabilities:
Interest-bearing demand deposits	$	2,608,725		1.66	%	$	2,493,275		1.48	%	$	2,189,376		1.70	%
Money market deposits		4,065,916		3.08	%		3,734,347		3.02	%		3,556,374		3.44	%
Savings deposits		1,503,628		1.44	%		1,511,915		1.49	%		1,419,953		1.72	%
Time deposits		9,660,600		3.41	%		9,501,517		3.39	%		9,698,744		3.81	%
Total interest-bearing deposits	$	17,838,869		2.91	%	$	17,241,054		2.86	%	$	16,864,447		3.28	%
Other borrowed funds		71,414		3.32	%		174,147		3.63	%		295,892		4.26	%
Long-term debt		115,634		6.20	%		119,136		6.20	%		119,136		6.80	%
Total interest-bearing liabilities	$	18,025,917		2.93	%	$	17,534,337		2.89	%		17,279,475		3.32	%

Non-interest-bearing demand deposits		3,569,978					3,454,633					3,384,141

Total deposits and other borrowed funds	$	21,595,895				$	20,988,970				$	20,663,616

Total average assets	$	24,945,244				$	24,269,814				$	23,843,380
Total average equity	$	3,074,263				$	3,029,993				$	2,907,596
Net interest spread				2.81	%				2.77	%				2.52	%
Net interest margin				3.52	%				3.48	%				3.31	%

(1) Yields and interest earned include net loan fees. Non-accrual loans are included in the average balance.

	Nine months ended
(In thousands)(Unaudited)	September 30, 2026					September 30, 2025
Interest-earning assets:	Average Balance		Average Yield/Rate⁽¹⁾			Average Balance		Average Yield/Rate⁽¹⁾
Loans⁽¹⁾	$	20,453,313		6.00	%	$	19,593,553		6.14	%
Taxable investment securities		1,675,273		3.39	%		1,572,074		3.27	%
FHLB stock		17,250		13.83	%		17,250		8.74	%
Deposits with banks		1,202,938		3.66	%		1,139,060		4.36	%
Total interest-earning assets	$	23,348,774		5.70	%	$	22,321,937		5.85	%

Interest-bearing liabilities:
Interest-bearing demand deposits	$	2,482,097		1.53	%	$	2,155,336		1.69	%
Money market deposits		3,825,022		3.03	%		3,468,421		3.43	%
Savings deposits		1,509,852		1.48	%		1,351,352		1.65	%
Time deposits		9,616,901		3.45	%		9,658,300		3.92	%
Total interest-bearing deposits	$	17,433,872		2.91	%	$	16,633,409		3.35	%

Other borrowed funds		124,401		3.48	%		204,953		4.14	%
Long-term debt		117,956		6.21	%		119,136		6.84	%
Total interest-bearing liabilities		17,676,229		2.94	%		16,957,498		3.38	%

Non-interest-bearing demand deposits		3,459,809					3,340,530

Total deposits and other borrowed funds	$	21,136,038				$	20,298,028

Total average assets	$	24,421,642				$	23,462,799
Total average equity	$	3,023,608				$	2,890,581
Net interest spread				2.76	%				2.47	%
Net interest margin				3.48	%				3.28	%

⁽¹⁾Yields and interest earned include net loan fees. Non-accrual loans are included in the average balance.

- 11 -

CATHAY GENERAL BANCORP

GAAP to NON-GAAP RECONCILIATION

SELECTED CONSOLIDATED FINANCIAL INFORMATION

(Unaudited)

The Company uses certain non-GAAP financial measures including tangible book value (“TBV”), tangible book value per share (“TBV/Share”), tangible assets, tangible common equity (“TCE”) ratio, the return on average tangible common stockholders’ equity (“ROATCE”), adjusted total revenue, adjusted non-interest expense, and the adjusted efficiency ratio. We believe these non-GAAP financial measures provide investors with information useful in understanding its financial position, results of operations, the strength of its capital position, and overall business performance. These non-GAAP financial measures are used for performance measurement purposes, as well as for internal planning and forecasting, and by securities analysts, investors, and other interested parties to assess peer company operating performance. These non-GAAP financial measures should not be considered a substitute for GAAP-basis financial measures. Because non-GAAP financial measures are not standardized, it may not be possible to compare these with other companies that present financial measures having the same or similar names. The Company strongly encourages investors to review its consolidated financial statements in their entirety and to not rely on any single financial measure.

TBV represents stockholders’ equity less goodwill and other intangible assets. TBV/share represents TBV divided by the number of common shares outstanding at the end of the reporting period. The TCE ratio represents TBV divided by tangible assets. Tangible assets is equal to total assets less goodwill and other intangible assets. ROATCE is calculated using net income adjusted for the tax-effected amortization of intangible assets, as a percentage of average stockholders’ equity less average goodwill and other intangible assets.

- 12 -

		As of
($ In thousands, except share and per share data)		September 30, 2026			June 30, 2026			September 30, 2025
		(Unaudited)
Stockholders' equity	(a)	$	3,056,745		$	3,046,614		$	2,902,276
Less: Goodwill			(375,696	)		(375,696	)		(375,696	)
Other intangible assets ⁽¹⁾			(2,095	)		(2,341	)		(2,667	)
Tangible book value	(b)	$	2,678,954		$	2,668,577		$	2,523,913

Total assets	(c)	$	25,572,501		$	24,652,819		$	24,075,644
Less: Goodwill			(375,696	)		(375,696	)		(375,696	)
Other intangible assets ⁽¹⁾			(2,095	)		(2,341	)		(2,667	)
Tangible assets	(d)	$	25,194,710		$	24,274,782		$	23,697,281

Average stockholders' equity		$	3,074,263		$	3,029,993		$	2,907,596
Less: Average goodwill and other intangible assets, net			(377,960	)		(378,072	)		(378,510	)
Average tangible stockholders' equity	(e)	$	2,696,303		$	2,651,921		$	2,529,086

Number of common shares outstanding	(f)		66,083,728			66,825,367			68,286,591

Common equity to assets ratio	g=(a)/(c)		11.95	%		12.36	%		12.05	%
Tangible common equity ratio	h=(b)/(d)		10.63	%		10.99	%		10.65	%
Book value per share		$	46.26		$	45.59		$	42.50
Tangible book value per share	i=(b)/(f)	$	40.54		$	39.93		$	36.96

		Three Months Ended
		September 30, 2026			June 30, 2026			September 30, 2025
		(Unaudited)
Net Income		$	95,174		$	92,209		$	77,651
Add: Amortization of other intangibles⁽¹⁾			210			278			249
Tax effect of amortization adjustments⁽²⁾			(62	)		(82	)		(74	)
Tangible net income	(j)	$	95,322		$	92,405		$	77,826

Return on average stockholders' equity ⁽³⁾			12.28	%		12.21	%		10.60	%
Return on average tangible common equity ⁽³⁾	k=(j)/(e)		14.03	%		13.98	%		12.21	%

⁽¹⁾ Includes core deposit intangibles and servicing rights

⁽²⁾Applied the statutory rate of 29.65%.

⁽³⁾ Annualized

- 13 -

		As of
($ In thousands, except share and per share data)		September 30, 2026			September 30, 2025
		(Unaudited)
Stockholders' equity	(a)	$	3,056,745		$	2,902,276
Less: Goodwill			(375,696	)		(375,696	)
Other intangible assets ⁽¹⁾			(2,095	)		(2,667	)
Tangible book value	(b)	$	2,678,954		$	2,523,913

Total assets	(c)	$	25,572,501		$	24,075,644
Less: Goodwill			(375,696	)		(375,696	)
Other intangible assets ⁽¹⁾			(2,095	)		(2,667	)
Tangible assets	(d)	$	25,194,710		$	23,697,281

Average stockholders' equity		$	3,023,608		$	2,890,581
Less: Average goodwill and other intangible assets, net			(378,110	)		(378,718	)
Average tangible stockholders' equity	(e)	$	2,645,498		$	2,511,863

Number of common shares outstanding	(f)		66,083,728			68,286,591

Common equity to assets ratio	g=(a)/(c)		11.95	%		12.05	%
Tangible common equity ratio	h=(b)/(d)		10.63	%		10.65	%
Book value per share		$	46.26		$	42.50
Tangible book value per share	i=(b)/(f)	$	40.54		$	36.96

		Nine months ended
		September 30, 2026			September 30, 2025

Net Income		$	274,269		$	224,607
Add: Amortization of other intangibles ⁽¹⁾			720			796
Tax effect of amortization adjustments ⁽²⁾			(213	)		(236	)
Tangible net income	(j)	$	274,776		$	225,167

Return on average stockholders' equity ⁽³⁾			12.13	%		10.39	%
Return on average tangible common equity ⁽³⁾	k=(j)/(e)		13.89	%		11.99	%

⁽¹⁾ Includes core deposit intangibles and servicing rights

⁽²⁾Applied the statutory rate of 29.65%.

⁽³⁾ Annualized

- 14 -

Adjusted total revenue is calculated by adding net interest income before provision for credit losses and non-interest income excluding net gains and losses from equity and investment securities and TruPS redemption benefit. Adjusted non-interest expense is non-interest expense excluding amortization of investments in low-income housing and alternative energy partnerships, other real estate owned expenses, amortization of core deposit intangibles, the FDIC special assessment, charitable contribution to Cathay Bank Foundation and contract termination costs. The Adjusted efficiency ratio is calculated by dividing the Company’s adjusted non‑interest expense by adjusted total revenue. It represents the costs expended to generate a dollar of revenue. The adjusted components exclude items that are non‑operational as well as the amortization of investments in low‑income housing partnerships and alternative energy partnerships. Although this amortization is operational in nature, it is removed to enhance comparability with peers that report these costs within income tax expense under proportional amortization accounting, which the Company has not yet adopted.

		Three months ended									Nine months ended
($ In thousands) (Unaudited)		September 30, 2026			June 30, 2026			September 30, 2025			September 30, 2026			September 30, 2025
Net interest income before provision for credit losses	a	$	211,878		$	200,897		$	189,587		$	606,943		$	547,447

Non-interest income		$	42,770		$	21,405		$	21,021		$	84,834		$	47,616
Adjustments:
Net unrealized (gains)/losses from equity securities			(36,053	)		(11,652	)		(3,263	)		(65,021	)		2,318
Net loss on investment securities			15,084			10,554			—			41,323			—
TruPS redemption benefit			(3,134	)		—			—			(3,134	)		—
Adjusted non-interest income	b	$	18,667		$	20,307		$	17,758		$	58,002		$	49,934
Adjusted total revenue	c=a+b	$	230,545		$	221,204		$	207,345		$	664,945		$	597,381

Non-interest expense	d	$	103,376		$	92,316		$	88,117		$	282,372		$	262,907
Adjustments:
Amortization of investments in low income housing and alternative energy partnerships			(6,467	)		(9,873	)		(12,149	)		(23,080	)		(32,382	)
Other real estate owned			(442	)		(339	)		1,078			(2,370	)		1,211
Amortization of core deposit intangible			(218	)		(217	)		(229	)		(653	)		(729	)
FDIC special assessment			—			—			327			585			188
Charitable contribution to Cathay Bank Foundation			(8,000	)		—			—			(8,000	)		—
Contract termination costs			(5,383	)		—			—			(5,383	)		—
Adjusted non-interest expense	e	$	82,866		$	81,887		$	77,144		$	243,471		$	231,195

Efficiency ratio			40.6	%		41.5	%		41.8	%		40.8	%		44.2	%
Adjusted efficiency ratio	f=e/c		35.9	%		37.0	%		37.2	%		36.6	%		38.7	%