---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-023190"
form_type: "8-K"
ticker: "CATY"
cik: "0000861842"
company_name: "CATHAY GENERAL BANCORP"
filed_at: "2024-07-22T23:59:59+00:00"
generated_at: "2026-05-31T18:49:35.031023+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Cathay General Bancorp Q2 net income $66.8M, EPS $0.92, down from Q1 and Q2 2023

## Summary
- Net income $66.8M ($0.92 diluted EPS) vs $71.4M ($0.98) in Q1 and $93.2M ($1.28) in Q2 2023.
- Net interest margin narrowed to 3.01% from 3.05% Q1; provision for credit losses surged to $6.6M from $1.9M.
- Non-accrual loans rose to $107.3M (up 9.4% from $98.1M); allowance for loan losses 0.79% of gross loans.
- Announced $125M stock buyback program; repurchased 0.7M shares at $36.41 avg in Q2.
- Total loans decreased 0.4% to $19.36B; deposits down 0.4% to $19.77B.

## SEC filing metadata
- accession: 0001437749-24-023190
- form_type: 8-K
- ticker: CATY
- cik: 0000861842
- company_name: CATHAY GENERAL BANCORP
- filed_at: 2024-07-22T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/861842/000143774924023190/0001437749-24-023190-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/861842/000143774924023190/caty20240720_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-023190
- JSON: https://secwatch.observer/filing/0001437749-24-023190.json
- Plain text: https://secwatch.observer/filing/0001437749-24-023190.txt

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