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Cathay General Bancorp - $CATY STOCK NEWS

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

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News
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Cathay General Bancorp (Nasdaq: CATY) has elected Ann Yee Kono and Elizabeth Woo as new members of the Board of Directors at the Company and Cathay Bank. The elections took place during the Annual Stockholder’s Meeting on May 13, 2024, and a subsequent Board meeting. Ann Yee Kono, CEO of Leda Advisory Group, has a rich background in finance with over 25 years of experience, including tenure at Ares Management Elizabeth Woo, a Lecturer of Accounting at UCLA, brings over 20 years of expertise in accounting and auditing, having held senior positions at Crowe and BDO. Executive Chairman Dunson K. Cheng expressed confidence in their strategic insights and contributions to Cathay’s growth.

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Cathay General Bancorp (Nasdaq: CATY) has announced a cash dividend of $0.34 per common share.

The dividend will be payable on June 10, 2024, to stockholders who are on record as of May 30, 2024. This reflects the company's ongoing commitment to returning value to its shareholders.

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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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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.
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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.
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-1.3%
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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.
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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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Cathay General Bancorp (CATY) Declares Cash Dividend of 34 Cents per Share
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1.33%
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Cathay General Bancorp reports net income of $82.4 million for Q3 2023
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-0.9%
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Cathay General Bancorp to announce Q3 2023 financial results
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0.81%
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Cathay General Bancorp

Nasdaq:CATY

CATY Rankings

CATY Stock Data

2.76B
69.24M
5.68%
76.91%
2.62%
Commercial Banking
Finance and Insurance
Link
United States of America
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,