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

Issuer:     CATHAY GENERAL BANCORP (CATY)
CIK:        0000861842
Form:       8-K
Filed at:   2024-01-24T23:59:59+00:00
Accession:  0001157523-24-000106
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/861842/000115752324000106/0001157523-24-000106-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/861842/000115752324000106/a53887158.htm
  HTML page:      https://secwatch.observer/filing/0001157523-24-000106

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