secwatch.observer — SEC 8-K summary
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Issuer:     CATHAY GENERAL BANCORP (CATY)
CIK:        0000861842
Form:       8-K
Filed at:   2023-04-20T23:59:59+00:00
Accession:  0001157523-23-000590
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/861842/000115752323000590/0001157523-23-000590-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/861842/000115752323000590/a53384467.htm
  HTML page:      https://secwatch.observer/filing/0001157523-23-000590

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