Cathay General Q1 2022 net income $75M, diluted EPS $0.99; completed HSBC West Coast retail banking acquisition

CATHAY GENERAL BANCORP

2022-Q1 EPS reported $0.99 revenue$10,833,000

Net income $75.0M vs $73.4M YoY; diluted EPS $0.99 vs $0.92.
Net interest income up 12.3% to $159.2M; net interest margin 3.26% vs 3.20% YoY.
Total loans increased $1.1B to $17.4B, including $646.1M from HSBC acquisition.
Acquired 10 California branches, $575.3M deposits from HSBC on Feb 7, 2022.
Non-accrual loans up 31% to $86.3M; allowance for loan losses at 0.84% of gross loans.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.