Financial Earnings Results

Fourth Quarter and Full Year 2025

January 22, 2026



Financial Highlights 4Q 2025

Quarterly Results Ending

Profitability: Return on Assets & Equity

ROAA
ROAE

9.84%

10.60%

10.72%

11.18%

12.27%

1.37% 1.22% 1.33% 1.29%1.49%

4Q24 1Q25 2Q25 3Q25 4Q25

Pre-Tax Pre-Provision Income Ratio ($mn)

Return on Tangible Equity *

14.25%

13.03%

12.39%

12.33%

11.21%

4Q24 1Q25 2Q25 3Q25 4Q25

* Refer to GAAP to non-GAAP reconciliation in Appendix.

PTPP Income
PTPP Ratio

$135

$112

$119

$111

1.92%

1.92%

2.03%

2.26%

2.36%

$142

December 31, 2025

$90.5mn

Net Income

$1.33

Diluted EPS

$222.8mn

Total Revenue

$20.2bn

Total Loans

$20.9bn

Total Deposits

4Q24 1Q25 2Q25 3Q25 4Q25

41.36%

Efficiency Ratio

Pre-Tax Pre-Provision and Pre-Tax Credit Amortization ("PTPP") Income Ratio calculation

based on annualized PTPP Income divided by total average assets.

Summary Highlights: 4Q and Full Year 2025 Results

$ in millions,

except per share data

4Q25

Change 4Q25 v. 3Q25

Change 4Q25 v. 4Q24

Full Year

2025

Change

YoY

Earnings

Net Income

$ 90.5

17%

13%

$ 315.1

10%

Basic EPS

$ 1.34

19%

19%

$ 4.55

15%

Diluted EPS

$ 1.33

18%

19%

$ 4.54

15%

Total Revenue

$ 222.8

6%

19%

$ 817.9

12%

NII

$ 195.0

3%

14%

$ 742.5

10%

NIM

3.36%

5 bps

29 bps

3.30%

26 bps

ROAA

1.49%

20 bps

12 bps

1.33%

11 bps

ROAE

12.27%

167 bps

109 bps

10.87%

69 bps

Efficiency Ratio

41.36%

-48 bps

-434 bps

43.41%

-794 bps

Balance Sheets

Total Loans*

$ 20,147

0%

4%

$ 20,147

4%

Total Deposits

$ 20,894

2%

6%

$ 20,894

6%

Note: Information as of 12.31.25 and 9.30.25 are unaudited. Totals may not foot due to rounding.

* Gross Loans, net of fees

Summary Balance Sheets

$mn, except per share data

12.31.25

9.30.25

QoQ Change

Cash equivalents & ST investments

$ 1,424

$ 1,308

$ 116

AFS debt securities

1,658

1,643

15

Loans held-for-sale

0

0

-

Gross loans, net of fees

$ 20,132

$ 20,090

$ 44

Allowance for credit losses

(196)

(187)

(9)

Net Loans

$ 19,936

$ 19,903

$ 33

Other assets

1,211

1,221

(11)

Total Assets

$ 24,230

$ 24,076

$ 154

Customer deposits

$ 20,894

$ 20,521

373

FHLB borrowings

0

190

(190)

Debt

137

137

(0)

Other Liabilities

273

326

(53)

Total Liabilities

$ 21,304

$ 21,174

$ 130

Total Stockholders' Equity

$ 2,926

$ 2,902

$ 23

Note: Information as of 12.31.25 and 9.30.25 are unaudited. Totals may not foot due to rounding.

Loan Composition

Total Loan Portfolio ($bn) Average Loan Growth - QoQ Annualized ($bn)

$0.3

$3.1

$0.3

$0.4

$3.2

$10.3

$10.1

$10.1

$10.0

$10.5

$5.9

$5.9

$6.0

$6.0

$6.0

$3.1

$0.3

$3.0

$0.3

$3.0

+5.1%

+1.6%

-0.3%

+9.2%



Construction

2%

Residential Mortgage* 30%

$20.2bn

Total Loans

Total CRE

52%

C & I

16%



$19.3 $19.3 $19.4 $19.7 $20.1

  • Total CRE $10.6bn

  • Residential Mortgage* $6.1bn

  • C & I Loans $3.2bn

  • Construction Loans $0.3bn

4Q24 1Q25 2Q25 3Q25 4Q25

Total CRE
Residential Mortgage*
C & I
Construction

* Residential Mortgage includes equity lines, installment and other loans.

Loan Yields

Average Loan Yield by Type (in bps)

4Q24
1Q25
2Q25
3Q25
4Q25

8% fixed rate

92% float rate

38% fixed rate

26% float rate

36% hybrid

772

31% fixed rate

29% float rate

40% hybrid

728

687 692

619 617 611 614

605

647

572 578 579 577

577

592 593 599 605 605

C & I

Residential Mortgage

CRE

Total Loans



Fix Rate & Hybrid in Fixed Rate Period (% of total loans)

Loan Portfolio By Index Rate

Other 8%

Prime 12%

Fixed Rate 30%

SOFR 20%

Total Fixed Rate and

Hybrid in Fixed Period:

60%

Hybrid in Fixed Rate Period 30%



as of 12.31.25

63%

62%

62%

60%

60%*

4Q24 1Q25 2Q25 3Q25 4Q25

* Excludes fixed to float interest rate swaps of 3.1%.

Commercial Real Estate Portfolio

CRE Portfolio Breakdown CRE Geographic Distribution

Residential Mortgage* 30%

Construction 2%

$20.2bn

Total Loans

Total CRE

52%

Total CRE



industrial 3%

Warehouse 7%

Office 7%

Retail 13%

Residential 18%

$10.6bn

52% of total loans

CA 46%

NY 35%



$10.6bn

Total CRE

Other 8%

TX 6%

IL 3%

HK 2%

C & I 16%

hotel /motel 2%

special use 1.4%

restaurant 1.0%

land 0.3%

theater 0.1%

Total CRE Concentration

8%

6%

291%

291%

7%

28

28

28



Of $10.6bn in total CRE loans, it included a notional amount of

$625mn of interest rate swaps or 3.1% of total loans.

4Q2024 1Q2025 2Q2025 3Q2025 4Q2025

* Residential Mortgage includes equity lines, installment and other loans.

400% internal threshold
300% regulatory threshold

CRE/Total Risk-Based Capital

Commercial Real Estate Portfolio (cont'd)

40% to 50%

23%

30% to 40%

14%

$10.6bn

Total CRE

under 30%

10%

Over 70%

1%

60% to 70%

19%



Total CRE LTV Distribution Total CRE LTV and Size by Property Type

Total CRE Loan

Portfolio

Avg.

Loan Size

Total CRE

Weighted

($mn)

($mn)

Avg. LTV

Residental

$3,579

$1.4

53%

Retail

$2,545

$2.1

48%

Office

$1,440

$2.4

48%

50% to 60%

33%

Warehouse

$1,360

$2.8

47%

Industrial

$692

$3.4

47%

Hotel / Motel

$361

$7.2

45%

Special Use

$291

$3.1

46%

Restaurant

$208

$1.1

48%

Land

$70

$2.6

46%

Theater

$19

$6.4

53%

Total CRE

$10,565

$1.9

49%

Selected CRE and Construction Loan Portfolios

Residential CRE Portfolio

% based on $3.6bn loans outstanding

Retail CRE Portfolio

% based on $2.5bn loans outstanding

Construction Portfolio

% based on $0.3bn loans outstanding

Single Family Residence

4%

5+ Multi-Family

42%

Commercial Units

39%

2-4 Unit Residence

15%

Retail/Mix Use

Retail Store/Building

Neighborhood Center

Strip Mall Shopping Center

mercial 0.0%

ium

Other 0%

Office & Com Condomin

Other

31%

Multiple Family Residential

89%

Warehouse 7%

Single Family Residential

4%

Retail 0.4%

NY

25%

CA

68%

50%

LTV Weighted Average

WA 5%

Other 2%

30%

20%

9%

9%

1%

NY 50%

CA 36%

53%

LTV Weighted Average

TX 6%

WA 4%

IL 2%

Other 2%

CA 48%

NY 29%

48%

LTV Weighted Average

TX 8%

NV 5%

IL 4%

HK 2%

Other 4%

CRE Office Portfolio

Office CRE Portfolio

% based on $1.4bn loans outstanding

Office CRE Distribution

Office Building

Office Condominium

Office / Retail Stores

30%

8%

Property Type

Office CRE Loan

Portfolio ($mn)

Total CRE Weighted Avg. LTV

($mn)

Office Building

$433

49%

Office Condominium

$402

46%

Office / Retail Stores

$343

34%

Medical Office

$150

49%

Office / Mixed Use

$111

44%

28%

24%

Medical Office

10%

Total Office CRE

$1,439

Avg. Outstanding Size

$2.3

Office / Mixed Use

Avg. Property Size (sq ft) 15,933

CA 47%

NY 34%

48%

LTV Weighted Average

HK 7%

NV 4%

WA 2%

IL 2%

Other 4%

Office CRE Collateral Distribution ($mn)

$506

$48

Urban

Suburban Central Business

District

$886

Central Business District (CBD) - Central Business/Financial Centers (mainly city downtowns) Urban - City and metropolitan areas

Suburban - Outside of the city/metropolitan area

Residential Mortgage Portfolio


Resi. Mortgage Geographic Distribution Single-Family Resi. LTV Distribution

CA 48%

$6.1bn

Residential

Mortgage*

NY 39%

50% or Under

37%

>50% to 55%

10%

53%

LTV Weighted Average

$422,096

Outstanding Size Average

> 55% to 60%

15%

Over 60%

38%



WA 5%

NJ 2%

TX 2%

Other 4%

* Residential Mortgage includes equity lines, installment and other loans.

Asset Quality Metrics

ALLL Composition ($mn)

CRE
C & I
Residential Mortgage
Construction
Total ALLL

Reserve

Rate

Reserves and Net Charge-Offs (%)

ALLL / Gross Loans

NCOs/Avg Loans (annualized)

0.91%

0.93%

0.83%

0.88%

0.34%

0.32%

0.26%

0.11%

0.04%

0.97%

$162

$8

$16

$174

$9

$15

$174

$5

$21

$187

$7

$23

$196

$6

$25

0.97%*

8%

1.92%

0.41%

7%

$39

$39

6%

1.23%

$58

$69

$41

$107

$118

$126 1.19%

2%

$80

$81



4Q2024 1Q2025 2Q2025 3Q2025 4Q2025 4Q2024 1Q2025 2Q2025 3Q2025 4Q2025

* Excluding residential mortgage portfolio, the total reserve rate would be 1.22%.

Classified Loans Ratio ($mn)

Classified Loans Special Mention

Classified Loans/Total Gross Loans

Non-Performing Assets Ratio ($mn)

Non-accrual Loans OREO

NPA/Total Assets

$455

$535

$310

$293

$300

$380

$380

$432

$420

$391

1.96%

1.96%

2.18%

2.09%

1.94%

$23

$169

$19

$174

$33

$18

$155

$166

$30

$112

0.83%

0.75%

0.81%

0.82%

0.59%



4Q2024 1Q2025 2Q2025 3Q2025 4Q2025 4Q2024 1Q2025 2Q2025 3Q2025 4Q2025

Classified Loans are loans classified as substandard and doubtful. Non-Performing Assets (NPA) = Non-accrual Loans + OREO

Deposit Mix

Total Deposits ($bn) Average Deposit Growth - QoQ Annualized ($bn)

MMA

18%

IB Checking &

Savings 19%

Time

$20.9bn

46% Total Deposits

DDA

17%



Time
DDA
MMA
IB Checking & Savings

$19.9 -5%

$3.4

$19.7

$3.4

$20.0

$3.5

+6%

$20.2

$3.6

$20.7

$3.8

$3.3

$3.4

$3.5

$3.5

$3.7

$3.3

$3.3

$3.3

$3.4

$3.5

$9.9

$9.6

$9.7

$9.7

$9.7

+5%

+9%



4Q2024 1Q2025 2Q2025 3Q2025 4Q2025

Total Uninsured Deposits ($bn)

Average Cost of Deposits by Type (bps)



4Q24
1Q25
2Q25
3Q25
4Q25

445

407

391

372

381 370

343 335

352

343 344 344

310

328312

315

285 279273

259

176

157

167 172 162

185

168 170 158

171

Time

MMA

Savings

IB Checking

Total Deposit IB Deposit

$9.4

$9.3

$9.5

43.8%

42.7%

43.3%

44.3%

44.6%

$10.0 $10.2

$0.8 $0.8 $0.8 $0.9 $0.9

4Q2024 1Q2025 2Q2025 3Q2025 4Q2025

Summary Income Statements

$mn, except per share data

12.31.25

9.30.25

$ Change

% Change

Net Interest Income

$ 195.0

$ 189.6

$ 5.4

3%

Noninterest income

18.1

17.8

0.4

2%

Net (losses) / Gains from equity securities

9.7

3.3

6.4

198%

Total Noninterest Income

27.8

21.0

6.8

32%

Core noninterest expense

80.6

76.8

3.8

5%

amortization of LIH and solar tax credit investments plus OREO and core deposit intangibles

11.5

11.3

0.2

2%

Total Noninterest Expense

$ 92.2

$ 88.1

$ 4.0

5%

Provision for credit losses

17.2

28.7

(11.5)

(40)%

Income tax expense

23.0

16.1

6.8

43%

Net Income

$ 90.5

$ 77.7

$ 12.9

16.6%

Diluted EPS

$ 1.33

$ 1.13

$ 0.20

18%

Weighted avg. diluted shares (in millions)

68.0

69.0

(1.0)

(1)%

Note: Information for quarter ending 12.31.25 and 9.30.25 are unaudited. Totals may not foot due to rounding.

Loan Yields, Deposit Costs and Net Interest Income

Average Loan Yield vs Prime Rate and 1M SOFR

Avg. Loan Yield
Avg. Prime Rate
1M SOFR Rate

Average Cost of Deposits vs Fed Funds Rate

Avg. Cost of Total Deposit (in bps) Avg. Cost of IB Deposit (in bps)

Avg. Fed Funds Rate

7.02%



4.65%

4.33%

4.33%

4.30%

372

343

310

335

328

285

279

273

3.90%

312

259



4.78%

4.36%

4.33%

4.35%

4.08%



7.80%

7.50%

7.50%

7.46%

6.19%

6.17%

6.11%

6.14%

6.05%

4Q24 1Q25 2Q25 3Q25 4Q25 4Q24 1Q25 2Q25 3Q25 4Q25

Net Interest Income and Net Interest Margin

NII ($mn)
NIM
Avg. Fed Funds Rate

$195

Net Interest Income Growth ($mn)

$190

$177

$181

$171

+3.3%

+2.6%

+4.6%

+2.9%

$195

$190

$177

$181

$171

4.65%

3.07%

4.33%

3.25%

4.33%

3.27%

3.31%

4.30%

3.36%

3.90%



4Q24 1Q25 2Q25 3Q25 4Q25 4Q24 1Q25 2Q25 3Q25 4Q25

Non-Interest Income

Non-Interest Income* ($mn)

other operating income
wealth management fees
letter of credit commissions
deposit account fees

$16.8

$1.7

$2.0

$15.4

$1.7

$2.1

$16.8

$1.9

$2.1

$17.8

$2.0

$2.3

$18.1

$1.9

$2.3

$6.2

$5.0

$6.2

$6.4

$6.2

$6.9

$5.4

$7.8

$7.3

$7.5



4Q24 1Q25 2Q25 3Q25 4Q25

* Non-interest income excludes net gains/(losses) from equity securities.

($mn) 4Q2024 1Q2025 2Q2025 3Q2025 4Q2025

Non-interest income, before net gains/(losses) from equity securities

Non-interest income*

$16.8

$15.4

$16.8

$17.8

$18.1

net gains/(losses) from equity securities

($1.3)

($4.2)

($1.4)

$3.3

$9.7

net gains/(losses) from investment securities

-

-

-

-

-

Total Non-interest Income

$15.5

$11.2

$15.4

$21.0

$27.8

Note: Totals may not foot due to rounding.

Operating Expense & Efficiency

Core Noninterest Expense* ($mn)

$78.1

$74.9

$76.1

$76.8

$5.9

$5.7

$5.7

$5.9

$6.1

$43.5

$42.4

$42.5

$43.1

$48.4

$9.2

$9.7

$9.8

$…

$10.7

$8.8

$2.2

$6.5

$7.5

$3.4

$6.6

$7.4

$2.8

$7.3

$8.9

$3.2

$7.2

$8.0

$2.0

$5.7



$80.7

Core Noninterest Expense* & Efficiency Ratio* ($mn)

Noninterest Expense*
Efficiency Ratio*

$74.9

$76.1

$78.1

$76.8

$80.7

36.5%

40.5%

40.1%

39.7%

36.2%

4Q24 1Q25 2Q25 3Q25 4Q25

($mn) 4Q2024 1Q2025 2Q2025 3Q2025 4Q2025

Core noninterest expense*

$74.9

$76.1

$78.1

$76.8

$80.7

Amortization in investment in $8.0

$8.7

$10.9

$11.9

$12.5

Amortization in alternative $2.7 energy partnerships

$0.3

$0.2

$0.2

($1.3)

Other real estate owned & CDF $0.6

$0.5

($0.1)

($0.9)

$0.3

Restructuring costs -

-

-

-

-

FDIC special assessment (1.0)

-

-

-

-

Total Noninterest Expense $85.2

$85.7

$89.1

$88.1

$92.2

Core noninterest expense, before amortization and other real estate owned

4Q24 1Q25 2Q25 3Q25 4Q25

marketing and other operating expense

FDIC and State assessments

professional services

occupancy

computer and data processing

salaries and employee benefits

* Core noninterest expense excludes amortization of investment in low income housing and alternative energy partnerships, core deposit premium, other real estate owned, and acquisition cost. Core efficiency ratio is based on core noninterest expense.

low income housing

Strong Capital Ratios

Key Capital Ratios (%) Highlights

14.93%

  • Capital Ratio well above regulatory standards that continues to place Cathay in the "well capitalized" category, calculated under the Basel III capital rules.

    13.27%

    13.27%

    10.50%

    10.91%

    8.50%

    7.00%

    5.00%

  • Book Value Per Common Share is

    $43.53 as of 12.31.25: +2.42% compared

    to 09.30.25 and +8.39% YoY.

  • Tangible Book Value* Per Common Share is $37.90 as of 12.31.25: +2.54% compared to 09.30.25 and +8.88% YoY.

    CET 1

    capital ratio

    Tier 1

    risk-based capital

    Total

    risk-based capital

    Tier 1 leverage capital ratio

  • Capital Return on Shareholder

    • common stock dividend: $0.34/share quarterly, or $1.36/share annualized.

    • stock buyback: repurchased 1.10 million shares at avg. cost of $47.15/sh. in forth

regulatory requirement under Basel III
CATY at 12.31.25

quarter.

* Refer to GAAP to non-GAAP reconciliation in Appendix.

Management Guidance Full Year 2026

Full Year 2026 Guidance

Full Year 2025 Actual

Loans,

end of period

  • Estimated growth rate 3.5% to 4.5%.

$20.2 billion

+4.0% YoY

Deposits

  • Estimated growth rate 4% to 5%.

$20.9 billion

+6.1% YoY

Core

Noninterest Expense

  • Estimated growth rate 3.5% to 4.5%.

$311.7 million

+4.5% YoY

NIM

  • Estimated to range between 3.40% and 3.50%.

  • Expect two rate cuts in June and September.

3.30%

Tax Rate

  • Effective tax rate for 2026 estimated between 20.50% and 21.50%.

  • Effective tax rate for the full year was 19.24%.

The guidance provided above is based on a number of assumptions that management believes to be reasonable and reflects our expectations as of the date of this presentation. Actual results may differ materially from these estimates as a result of various factors, and we refer to the cautionary language regarding "forward-looking statements" included in this presentation when considering this information.

Appendix Appendix: GAAP to Non-GAAP Reconciliation Selected Consolidation Financial Information ($ in thousands) (unaudited)

We use certain non-GAAP financial measures to provide supplemental information regarding our performance. Tangible equity and tangible equity to tangible assets ratio are non-GAAP financial measures. Tangible equity and tangible assets represent stockholders' equity and total assets, respectively, which have been reduced by goodwill and other intangible assets. Given that the use of such measures and ratios is more prevalent in the banking industry, and such measures and ratios are used by banking regulators and analysts, we have included them below for discussion.

As of

December 31, 2025

September 30, 2025

December 31, 2024

(in thousands except per share data) (Unaudited)

Stockholders' equity

(a)

$

2,925,388

$

2,902,276

$

2,845,704

Less: Goodwill

(375,696)

(375,696)

(375,696)

Other intangible assets (1)

(2,683)

(2,667)

(3,335)

Tangible equity

(b)

$ 2,547,009

$ 2,523,913

$ 2,466,673

Total assets

(c)

$ 24,229,575

$ 24,075,644

$ 23,054,681

Less: Goodwill

(375,696)

(375,696)

(375,696)

Other intangible assets (1)

(2,683)

(2,667)

(3,335)

Tangible assets

(d)

$ 23,851,196

$ 23,697,281

$ 22,675,650

Number of common shares outstanding

(e)

67,200,126

68,286,591

70,863,324

Total stockholders' equity to total assets ratio

(a)/(c)

12.07%

12.05%

12.34%

Tangible equity to tangible assets ratio

(b)/(d)

10.68%

10.65%

10.88%

Tangible book value per share

(b)/(e)

$ 37.90

$ 36.96

$ 34.81

Three Months Ended

Twelve Months Ended

December 31, 2025

September 30, 2025

December 31, 2024

December 31, 2025 December 31, 2024

(in thousands) (Unaudited)

Net Income

$

90,517

$

77,651

$

80,201

$

315,124

$

285,979

Add: Amortization of other intangibles (1)

338

249

256

1,155

1,127

Tax effect of amortization adjustments (2)

(100)

(74)

(76)

(342)

(334)

Tangible net income

(f) $ 90,755

$ 77,826

$ 80,381

$ 315,937

$ 286,772

Return on tangible common equity (3)

(f)/(b)

14.25%

12.33%

13.03%

12.40%

11.63%

(1)Includes core deposit intangibles and mortgage servicing

(2)Applied the statutory rate of 29.65%.

(3)Annualized

Cathay General

Bancorp



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Cathay General Bancorp published this content on January 22, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on January 22, 2026 at 21:44 UTC.