earnings
confidence high
sentiment positive
materiality 0.85
Cathay General Q3 net income $99M, EPS $1.35 beats year ago; NIM expands to 3.83%
CATHAY GENERAL BANCORP
2022-Q3 EPS reported
$3.52
revenue$32,373,000
- Net income $99.0M ($1.35 diluted EPS), up 36.7% YoY from $72.4M ($0.93).
- Net interest margin 3.83%, up 61 bps YoY; net interest income $197.5M (+29.5% YoY).
- Loans grew to $18.1B (+11% YTD); deposits $18.6B (+2.9% YTD).
- Repurchased 1.08M shares for $46.3M at avg $42.88.
- Capital ratios well above regulatory minimums; Tier 1 risk-based 12.06%.