secwatch.observer — SEC 8-K summary
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Issuer:     CATHAY GENERAL BANCORP (CATY)
CIK:        0000861842
Form:       8-K
Filed at:   2023-10-23T23:59:59+00:00
Accession:  0001157523-23-001522
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/861842/000115752323001522/0001157523-23-001522-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/861842/000115752323001522/a53648407.htm
  HTML page:      https://secwatch.observer/filing/0001157523-23-001522

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