Earnings ·
Cathay General Bancorp reports $95.2M net income, or $1.43 per diluted share for Q3 2026
CATYCathay General Bancorp
Cathay General Bancorp announced third quarter 2026 financial results showing net income of $95.2 million, or $1.43 per diluted share, compared to $92.2 million, or $1.37 per diluted share in the second quarter. Net interest income reached a record $211.9 million, up 5.5% sequentially, while net interest margin expanded four basis points to 3.52%. Total loans grew 2.79% to $21.20 billion and deposits increased 3.67% to $21.83 billion. Nonperforming assets declined 18.0% to $119.2 million, improving the nonperforming asset ratio to 0.47%. The company also redeemed $54.1 million of Trust Preferred Securities. Cathay General Bancorp is a financial holding company that operates Cathay Bank, providing commercial and retail banking services across the United States.