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

Issuer:     CATHAY GENERAL BANCORP (CATY)
CIK:        0000861842
Form:       8-K
Filed at:   2025-01-22T23:59:59+00:00
Accession:  0001437749-25-001568
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/861842/000143774925001568/0001437749-25-001568-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/861842/000143774925001568/caty20250122_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-001568

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