Cathay General Q2 net income $92.2M, EPS $1.37; NIM expands to 3.48%; buyback authorization increased

CATHAY GENERAL BANCORP

Net income $92.2M ($1.37 diluted EPS) vs $86.9M ($1.29) in Q1 2026 and $77.5M ($1.10) in Q2 2025.
Net interest margin improved to 3.48% from 3.43% Q1; net interest income up 3.5% to $200.9M.
Total loans grew 2.2% to $20.62B; deposits up 1.9% to $21.06B.
Board approved increase in share repurchase authorization from $150M to $200M (pending regulatory approval) and redemption of $54.1M trust preferred securities.
Non-accrual loans rose to $111.7M from $89.0M Q1; allowance for loan losses at 1.06% of gross loans.

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