LOS ANGELES (AP) — LOS ANGELES (AP) — Cathay General Bancorp (CATY) on Monday reported first-quarter earnings of $69.5 million.

The Los Angeles-based bank said it had earnings of 98 cents per share.

The holding company for Cathay Bank posted revenue of $330.6 million in the period. Its revenue net of interest expense was $187.8 million, topping Street forecasts.

Cathay shares have decreased 19% since the beginning of the year. In the final minutes of trading on Monday, shares hit $38.60, a rise of 11% in the last 12 months.

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