earnings
confidence high
sentiment positive
materiality 0.75
Cathay General Bancorp Q4 EPS $0.98, up 10% YoY; FY net income $298M, up 30%
CATHAY GENERAL BANCORP
2021-FY EPS reported
$3.80
revenue$39,074,000
- Q4 net income $75.3M ($0.98 diluted EPS), vs $70.9M ($0.89) a year ago.
- FY21 net income $298.3M ($3.80 EPS), up 30.3% from $228.9M ($2.87) in FY20.
- Ex-PPP loans grew $444.6M (11.4% annualized) in Q4; total deposits rose $1.1B.
- Net interest margin expanded to 3.23% from 3.12% YoY; efficiency ratio improved to 41.8%.
- Repurchased 3.99M shares for $167.1M at avg $41.92 in 2021.