---
schema_version: "secwatch.filing_event.v1"
accession: "0001564590-21-051751"
form_type: "8-K"
ticker: "CATY"
cik: "0000861842"
company_name: "CATHAY GENERAL BANCORP"
filed_at: "2021-10-25T23:59:59+00:00"
generated_at: "2026-06-28T18:39:19.872922+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.72
calibrated_materiality_score: 0.72
confidence: "high"
source: SEC EDGAR
---

# Cathay General Q3 net income $72.4M, EPS $0.93 up 31% YoY; loans ex-PPP grow 9.1% annualized

## Summary
- Net income $72.4M ($0.93 diluted EPS) vs $56.8M ($0.71) in Q3 2020, up 27.5% and 31% YoY.
- Net interest margin widened to 3.22% from 3.02% YoY; net interest income $152.5M, up 10.9%.
- Total loans ex-PPP grew 9.1% annualized; total deposits ex-time deposits up $686.3M (25.9% annualized).
- Board authorized $125M share repurchase program; 942,613 shares repurchased at avg $39.40 during Q3.
- Efficiency ratio improved to 43.85% from 51.53% YoY, driven by lower non-interest expense.

## SEC filing metadata
- accession: 0001564590-21-051751
- form_type: 8-K
- ticker: CATY
- cik: 0000861842
- company_name: CATHAY GENERAL BANCORP
- filed_at: 2021-10-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.72
- calibrated_materiality_score: 0.72
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/861842/000156459021051751/0001564590-21-051751-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/861842/000156459021051751/caty-8k_20211025.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001564590-21-051751
- JSON: https://secwatch.observer/filing/0001564590-21-051751.json
- Plain text: https://secwatch.observer/filing/0001564590-21-051751.txt

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