---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-24-000106"
form_type: "8-K"
ticker: "CATY"
cik: "0000861842"
company_name: "CATHAY GENERAL BANCORP"
filed_at: "2024-01-24T23:59:59+00:00"
generated_at: "2026-06-06T19:41:30.954266+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001157523-24-000106
- form_type: 8-K
- ticker: CATY
- cik: 0000861842
- company_name: CATHAY GENERAL BANCORP
- filed_at: 2024-01-24T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/861842/000115752324000106/0001157523-24-000106-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/861842/000115752324000106/a53887158.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-24-000106
- JSON: https://secwatch.observer/filing/0001157523-24-000106.json
- Plain text: https://secwatch.observer/filing/0001157523-24-000106.txt

## Key facts
- Earnings Releases
  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
  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 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/861842/000115752324000106/0001157523-24-000106-index.htm

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