---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-001568"
form_type: "8-K"
ticker: "CATY"
cik: "0000861842"
company_name: "CATHAY GENERAL BANCORP"
filed_at: "2025-01-22T23:59:59+00:00"
generated_at: "2026-05-27T21:38:40.150517+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Cathay General Bancorp Q4 net income $80.2M, FY net income $286.0M; NIM improved to 3.07%

## Summary
- FY2024 diluted EPS $3.95 vs $4.86 in FY2023; net income fell 19.2% to $286.0M.
- Q4 net income $80.2M, up 18.8% QoQ from $67.5M; diluted EPS $1.12 vs $0.94.
- Net interest margin expanded to 3.07% in Q4 from 3.04% in Q3; full-year NIM 3.04% vs 3.45%.
- Total loans $19.38B, down 0.9% YoY; deposits up 1.9% to $19.69B.
- Non-accrual loans surged to $169.2M (+154% YoY); allowance coverage of non-performing loans fell to 93.4%.

## SEC filing metadata
- accession: 0001437749-25-001568
- form_type: 8-K
- ticker: CATY
- cik: 0000861842
- company_name: CATHAY GENERAL BANCORP
- filed_at: 2025-01-22T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/861842/000143774925001568/0001437749-25-001568-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/861842/000143774925001568/caty20250122_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-001568
- JSON: https://secwatch.observer/filing/0001437749-25-001568.json
- Plain text: https://secwatch.observer/filing/0001437749-25-001568.txt

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