secwatch.observer — SEC 8-K summary
======================================

Issuer:     CATHAY GENERAL BANCORP (CATY)
CIK:        0000861842
Form:       8-K
Filed at:   2023-07-24T23:59:59+00:00
Accession:  0001157523-23-001138
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/861842/000115752323001138/0001157523-23-001138-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/861842/000115752323001138/a53474400.htm
  HTML page:      https://secwatch.observer/filing/0001157523-23-001138

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer