Cathay General Bancorp Q2 EPS $1.28; loan growth 13.9% annualized; margin compresses

CATHAY GENERAL BANCORP

2023-Q2 EPS reported $2.60 revenue$20,526,000

Net income $93.2M, diluted EPS $1.28 vs $1.32 in Q1 2023 and $1.18 in Q2 2022.
Net interest margin 3.44%, down 30 bps QoQ; NII fell $10.9M to $181.5M.
Gross loans +$635.5M (3.5%) to $19.0B; deposits +$448.1M (2.4%) to $19.1B.
Non-interest expense +$9.6M to $92.8M; efficiency ratio 45.36% vs 40.25%.
Tier 1 risk-based capital 12.38%, well-capitalized; non-performing assets down 12.6%.

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 0.95

CATHAY GENERAL BANCORP reported the quarter ended June 30, 2023 results: net income $93.2 million, EPS $1.28 per share.

Period: the quarter ended June 30, 2023
Net income: $93.2 million
EPS: $1.28 per share
Result: reported results

Exact text from the filing

The Company reported net income of $93.2 million, or $1.28 per share, for the second quarter of 2023.

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Source: SEC EDGAR

accession 0001157523-23-001138

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