Cathay General Bancorp reports Q4 net income $97.6M ($1.33 EPS), full year record $360.6M ($4.83 EPS)

CATHAY GENERAL BANCORP

2022-FY EPS reported $4.83 revenue$42,179,000

Net income of $97.6M for Q4 2022, up 29.6% YoY; diluted EPS $1.33 vs $0.98.
Full year 2022 net income record $360.6M, up 20.9% YoY; diluted EPS $4.83 vs $3.80.
Net interest margin expanded to 3.87% in Q4 2022 from 3.23% in Q4 2021.
Gross loans grew 12.3% YoY to $18.3B, including $550.5M from HSBC branch acquisition.
Repurchased 3.2M shares for $141.3M in 2022 at avg $43.79/share.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CATHAY GENERAL BANCORP reported the fourth quarter of 2022 results: net income $97.6 million, EPS $1.33 per share.

Period: the fourth quarter of 2022
Net income: $97.6 million
EPS: $1.33 per share
Result: reported results

Exact text from the filing

The Company reported net income of $97.6 million, or $1.33 per share, for the fourth quarter of 2022

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CATHAY GENERAL BANCORP reported the year ended December 31, 2022 results: net income $360.6 million, EPS $4.83 per share.

Period: the year ended December 31, 2022
Net income: $360.6 million
EPS: $4.83 per share
Result: reported results

Exact text from the filing

Record net income of $360.6 million and EPS of $4.83 per share in 2022.

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Source: SEC EDGAR

accession 0001157523-23-000088

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