---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-23-000590"
form_type: "8-K"
ticker: "CATY"
cik: "0000861842"
company_name: "CATHAY GENERAL BANCORP"
filed_at: "2023-04-20T23:59:59+00:00"
generated_at: "2026-06-16T23:09:26.810674+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Cathay General Q1 net income $96.0M ($1.32 EPS); deposits up $143.6M to $18.65B

## Summary
- Net income $96.0M, down 1.6% from Q4 2022; diluted EPS $1.32 vs $1.33.
- Total deposits increased $143.6M to $18.65B; non-interest-bearing deposits fell $420M to $3.75B.
- Net interest margin narrowed to 3.74% from 3.87% QoQ; net interest income down 4.7% to $192.4M.
- Provision for credit losses rose to $8.1M from $1.4M in Q4 2022; net charge-offs $4.9M.
- Recorded $3.0M write-off of Signature Bank debt securities; efficiency ratio 40.3%.

## SEC filing metadata
- accession: 0001157523-23-000590
- form_type: 8-K
- ticker: CATY
- cik: 0000861842
- company_name: CATHAY GENERAL BANCORP
- filed_at: 2023-04-20T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/861842/000115752323000590/0001157523-23-000590-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/861842/000115752323000590/a53384467.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-23-000590
- JSON: https://secwatch.observer/filing/0001157523-23-000590.json
- Plain text: https://secwatch.observer/filing/0001157523-23-000590.txt

## Key facts
- Earnings Releases
  CATHAY GENERAL BANCORP reported the first quarter ended March 31, 2023 results: net income $96.0 million, EPS $1.32 per share.
  - Period: the first quarter ended March 31, 2023
  - Net income: $96.0 million
  - EPS: $1.32 per share
  - Result: reported results
  source text: On April 20, 2023, Cathay General Bancorp (the “Company”) announced, in a press release, its financial results for the quarter ended March 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/861842/000115752323000590/0001157523-23-000590-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.