{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-012744","form_type":"8-K","ticker":"CATY","cik":"0000861842","company_name":"CATHAY GENERAL BANCORP","filed_at":"2024-04-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:22.163286+00:00","generated_at":"2026-06-03T15:00:51.032086+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Cathay General Q1 net income $71.4M, EPS $0.98, down 26% YoY; deposits rise 10.8% annualized","bullets":["Net income $71.4M vs $82.5M in Q4'23 and $96.0M in Q1'23; diluted EPS $0.98, down from $1.13/$1.32.","Deposits grew $520.8M (10.8% annualized) to $19.85B; net interest margin fell to 3.05% from 3.27%.","Non-accrual loans jumped 47% to $98.1M; allowance for loan losses at 0.80% of gross loans.","Non-interest income fell $16.5M largely due to $9.0M mark-to-market loss on equity securities.","Tier 1 risk-based capital ratio improved to 13.08%; bank remains well capitalized."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-012744","json":"https://secwatch.observer/filing/0001437749-24-012744.json","markdown":"https://secwatch.observer/filing/0001437749-24-012744.md","text":"https://secwatch.observer/filing/0001437749-24-012744.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/861842/000143774924012744/0001437749-24-012744-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/861842/000143774924012744/caty20240419_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T15:00:51.032086+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"db66d2caa998a0417a72dd3218a69c4d0c73133a","claim":"CATHAY GENERAL BANCORP reported the quarter ended March 31, 2024 results: net income $71.4 million, EPS $0.98 per share.","evidence_excerpt":"On April 22, 2024, Cathay General Bancorp (the “Company”) announced, in a press release, its financial results for the quarter ended March 31, 2024.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/861842/000143774924012744/0001437749-24-012744-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended March 31, 2024"},{"label":"Net income","value":"$71.4 million"},{"label":"EPS","value":"$0.98 per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}