---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-031649"
form_type: "8-K"
ticker: "CATY"
cik: "0000861842"
company_name: "CATHAY GENERAL BANCORP"
filed_at: "2024-10-21T23:59:59+00:00"
generated_at: "2026-05-30T12:40:00.463723+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Cathay General Bancorp Q3 net income $67.5M, EPS $0.94; NIM expands to 3.04%

## Summary
- Diluted EPS $0.94 vs $0.92 in Q2; net income up 1% sequentially to $67.5M.
- Net interest margin improved to 3.04% from 3.01% in Q2; net interest income $169.2M.
- Total deposits rose $170.9M to $19.94B; non-accrual loans surged 52% to $162.8M.
- Provision for credit losses $14.5M vs $6.6M in Q2; allowance 0.85% of gross loans.
- Repurchased 0.8M shares at avg $42.00 for $35M during Q3.

## SEC filing metadata
- accession: 0001437749-24-031649
- form_type: 8-K
- ticker: CATY
- cik: 0000861842
- company_name: CATHAY GENERAL BANCORP
- filed_at: 2024-10-21T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/861842/000143774924031649/0001437749-24-031649-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/861842/000143774924031649/caty20241019_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-031649
- JSON: https://secwatch.observer/filing/0001437749-24-031649.json
- Plain text: https://secwatch.observer/filing/0001437749-24-031649.txt

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