secwatch.observer — SEC 8-K summary
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Issuer:     CATHAY GENERAL BANCORP (CATY)
CIK:        0000861842
Form:       8-K
Filed at:   2022-01-27T23:59:59+00:00
Accession:  0001157523-22-000108
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cathay General Bancorp Q4 EPS $0.98, up 10% YoY; FY net income $298M, up 30%
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/861842/000115752322000108/0001157523-22-000108-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/861842/000115752322000108/a52569504.htm
  HTML page:      https://secwatch.observer/filing/0001157523-22-000108

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