Cathay General Bancorp

CATY

US1491501045

Banks

Real-time Estimate Cboe BZX Other stock markets 09:30:09 2024-04-25 am EDT			5-day change	1st Jan Change
35.32 ^USD	-0.61%		+2.51%	-20.28%

12:42pm	Truist Trims Price Target on Cathay General Bancorp to $38 From $40, Keeps Hold Rating	MT
Apr. 23	Keefe, Bruyette & Woods Adjusts Price Target on Cathay General Bancorp to $41 From $46, Maintains Market Perform Rating	MT

Cathay General Bancorp Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2022

January 25, 2023 at 04:30 pm EST

Cathay General Bancorp reported earnings results for the fourth quarter and full year ended December 31, 2022. For the fourth quarter, the company reported net interest income was USD 201.81 million compared to USD 155.45 million a year ago. Net income was USD 97.6 million compared to USD 75.33 million a year ago. Basic earnings per share from continuing operations was USD 1.33 compared to USD 0.98 a year ago. Diluted earnings per share from continuing operations was USD 1.33 compared to USD 0.98 a year ago.
For the full year, net interest income was USD 733.7 million compared to USD 597.76 million a year ago. Net income was USD 360.64 million compared to USD 298.3 million a year ago. Basic earnings per share from continuing operations was USD 4.85 compared to USD 3.81 a year ago. Diluted earnings per share from continuing operations was USD 4.83 compared to USD 3.8 a year ago.

Latest news about Cathay General Bancorp

Truist Trims Price Target on Cathay General Bancorp to $38 From $40, Keeps Hold Rating	06:42am	MT
Keefe, Bruyette & Woods Adjusts Price Target on Cathay General Bancorp to $41 From $46, Maintains Market Perform Rating	Apr. 23	MT
Transcript : Cathay General Bancorp, Q1 2024 Earnings Call, Apr 22, 2024	Apr. 22
Cathay General Bancorp Q1 Earnings, Revenue Decline	Apr. 22	MT
Earnings Flash (CATY) CATHAY GENERAL BANCORP Reports Q1 EPS $0.98, vs. Street Est of $0.99	Apr. 22	MT
Cathay General Bancorp Reports Earnings Results for the First Quarter Ended March 31, 2024	Apr. 22	CI
North American Morning Briefing : Stock Futures -2-	Apr. 22	DJ
Truist Securities Cuts Price Target on Cathay General Bancorp to $40 From $46, Maintains Hold Rating	Apr. 01	MT
Cathay General Bancorp Keeps Dividend at $0.34 a Share, Payable on March 11 to Shareholders as of Feb. 28	Feb. 16	MT
Cathay General Bancorp Declares Cash Dividend, Payable on March 11, 2024	Feb. 15	CI
Cathay General Bancorp Insider Sold Shares Worth $304,151, According to a Recent SEC Filing	Jan. 31	MT
Transcript : Cathay General Bancorp, Q4 2023 Earnings Call, Jan 24, 2024	Jan. 24
Cathay General Bancorp Q4 Earnings, Revenue Fall	Jan. 24	MT
Earnings Flash (CATY) CATHAY GENERAL BANCORP Posts Q4 EPS $1.13, vs. Street Est of $1.09	Jan. 24	MT
Cathay General Bancorp Reports Earnings Results for the Full Year Ended December 31, 2023	Jan. 24	CI
Cathay General Bancorp Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	Jan. 24	CI
Cathay General Bancorp Maintains Dividend at $0.34 per Share, Payable Dec. 11 to Shareholders of Record Nov. 29	Nov. 17	MT
Cathay General Bancorp Declares Cash Dividend, Payable on December 11, 2023	Nov. 16	CI
North American Morning Briefing : Higher Bond -2-	Nov. 07	DJ
Piper Sandler Downgrades Cathay General Bancorp to Underweight From Neutral, Price Target is $31	Nov. 06	MT
Piper Sandler Trims Cathay General Bancorp's Price Target to $31 From $32, Maintains Neutral Rating	23-10-24	MT
Wedbush Trims Cathay General Bancorp's PT to $40 From $42 After In Line Q3 Results, Mixed Guidance; Keeps Outperform Rating	23-10-24	MT
Transcript : Cathay General Bancorp, Q3 2023 Earnings Call, Oct 23, 2023	23-10-23
Cathay General Bancorp's Q3 Earnings, Revenue Fall	23-10-23	MT
Cathay General Bancorp Reports Net Charge-Offs for the Third Quarter Ended September 30, 2023	23-10-23	CI

Chart Cathay General Bancorp

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Company Profile

Cathay General Bancorp is the holding company of Cathay Bank, a California state-chartered commercial bank (the Bank). The Bank services individuals, professionals, and small to medium-sized businesses in the local markets in which its branches are located and provides commercial real estate loans, commercial loans, United States Small Business Administration loans, residential mortgage loans, real estate construction loans, home equity lines of credit, and installment loans to individuals for, household and other consumer expenditures. It offers products and services to businesses, such as checking and deposit, lines of credit, commercial and commercial real estate loans, merchant services and payment processing, treasury management services, international banking and financing services, and other customary banking services. It offers similar services that are available to consumers. It provides financial services to diverse commercial and professional businesses in its market areas.

Sector

Banks

Calendar

2024-05-12 - Annual General Meeting

Related indices

Russell 2000

More about the company

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Ratings for Cathay General Bancorp

Trading Rating

Investor Rating

ESG Refinitiv

B-

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Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

35.53 USD

Average target price

39.5 USD

Spread / Average Target

+11.17%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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