earnings
confidence high
sentiment positive
materiality 0.75
Cathay General Bancorp Q2 2021 net income $77.2M, EPS $0.97, up 42% YoY
CATHAY GENERAL BANCORP
2021-Q2 EPS reported
$1.89
revenue$19,126,000
- Net income $77.2M ($0.97 diluted EPS) vs $54.3M ($0.68) in Q2 2020; ROAA 1.60%.
- Net interest margin improved to 3.24% from 3.02% YoY; reversal of credit losses $9.0M.
- Total loans ex-PPP grew 3.4% annualized; non-time deposits up $462M (18.3% annualized).
- Repurchased 1.5M shares for $63.5M under April 2021 repurchase program.
- Tier 1 risk-based capital ratio 13.77%; all regulatory ratios remain well capitalized.