secwatch.observer — SEC 8-K summary
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Issuer:     CATHAY GENERAL BANCORP (CATY)
CIK:        0000861842
Form:       8-K
Filed at:   2022-04-25T23:59:59+00:00
Accession:  0001157523-22-000467
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/861842/000115752322000467/0001157523-22-000467-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/861842/000115752322000467/a52695304.htm
  HTML page:      https://secwatch.observer/filing/0001157523-22-000467

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