Cathay General Bancorp Q4 net income $82.5M ($1.13 EPS); full-year EPS $4.86

CATHAY GENERAL BANCORP

2023-FY EPS reported $4.86 revenue$43,912,000

Full-year net income $354.1M vs $360.6M in 2022; diluted EPS $4.86 vs $4.83.
Q4 net interest margin 3.27%, down from 3.38% in Q3; cost of interest-bearing deposits rose to 3.50%.
Total loans grew 7.1% YoY to $19.55B; total deposits up 4.4% to $19.33B.
Q4 included $11.3M ($0.12/diluted share) one-time FDIC special assessment charge.
NPLs $73.8M (0.38% of loans); Tier 1 risk-based capital 12.82%, well-capitalized.

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 quarter and year ended December 31, 2023 results: net income $354.1 million, EPS $4.86 per share.

Period: quarter and year ended December 31, 2023
Net income: $354.1 million
EPS: $4.86 per share
Result: reported results

Exact text from the filing

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 and year ended December 31, 2023. The Company reported net income of $354.1 million, or $4.86 per share, for the year ended December 31, 2023 and net income of $82.5 million, or $1.13 per share, for the fourth quarter of 2023.

View on SEC.gov

Browse all earnings releases →

CATHAY GENERAL BANCORP filing history →

Source: SEC EDGAR

accession 0001157523-24-000106

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.