---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-23-001522"
form_type: "8-K"
ticker: "CATY"
cik: "0000861842"
company_name: "CATHAY GENERAL BANCORP"
filed_at: "2023-10-23T23:59:59+00:00"
generated_at: "2026-06-09T17:51:16.012509+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Cathay General Bancorp Q3 net income $82.4M ($1.13 EPS), down from $1.28 in Q2; deposits up 11.6% annualized

## Summary
- Diluted EPS $1.13 vs $1.28 in Q2 and $1.33 year ago; net income fell 11.6% sequentially.
- Net interest margin 3.38% vs 3.44% Q2; net interest income rose 2.3% to $185.6M.
- Non-interest income plunged 66.2% to $7.8M on $16.9M unrealized equity securities loss.
- Total deposits increased $538.6M to $19.6B; gross loans up $71M to $19.0B.
- Non-performing assets rose 18.6% to $93.7M; net charge-offs $6.6M vs $2.0M in Q2.

## SEC filing metadata
- accession: 0001157523-23-001522
- form_type: 8-K
- ticker: CATY
- cik: 0000861842
- company_name: CATHAY GENERAL BANCORP
- filed_at: 2023-10-23T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/861842/000115752323001522/0001157523-23-001522-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/861842/000115752323001522/a53648407.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-23-001522
- JSON: https://secwatch.observer/filing/0001157523-23-001522.json
- Plain text: https://secwatch.observer/filing/0001157523-23-001522.txt

## Key facts
- Earnings Releases
  CATHAY GENERAL BANCORP reported the quarter ended September 30, 2023 results: net income $82.4 million, EPS $1.13 per share.
  - Period: the quarter ended September 30, 2023
  - Net income: $82.4 million
  - EPS: $1.13 per share
  - Result: reported results
  source text: Cathay General Bancorp (the “Company”, “we”, “us”, or “our”) (Nasdaq: CATY), the holding company for Cathay Bank, today announced its unaudited financial results for the quarter ended September 30, 2023. The Company reported net income of $82.4 million, or $1.13 per share, for the third quarter of 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/861842/000115752323001522/0001157523-23-001522-index.htm

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