Cathay Gnl Bncp Stock Price, News & Analysis

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.

Cathay General Bancorp (Nasdaq: CATY) has scheduled the announcement of its fourth quarter and full year 2024 financial results for Wednesday, January 22, 2025, after market close. The company will host a conference call at 3:00 p.m. Pacific Time (6:00 p.m. Eastern Time) on the same day.

The one-hour conference call will include a question-and-answer session for analysts and investors. Participants can join via phone using the dial-in number (833) 816-1377 with Conference ID 10195683, and are advised to connect 5-10 minutes before the scheduled start. 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 (Nasdaq: CATY) has announced a quarterly cash dividend of $0.34 per common share. The dividend will be paid on December 9, 2024, to shareholders who are recorded as stockholders at the close of business on November 27, 2024.

The Cathay Bank Foundation has announced 20 recipients for its 2024 Scholarship program, receiving 720 applications, a 35% increase from last year. Each recipient will receive $2,500 towards tuition costs. Notable statistics show that 29% of applicants are first-generation college students and 90% are minorities. The Asian Pacific Community Fund administered the program, narrowing 720 applications to 487 qualified candidates, from which Cathay Bank volunteers selected the final 20 awardees across multiple states including California, Illinois, Maryland, Massachusetts, Nevada, New Jersey, New York, Texas, and Washington.