Recent Updates — CATY

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.

Cathay General Bancorp reported second quarter 2026 net income of $92.2 million, or $1.37 per diluted share, compared to $86.9 million, or $1.29 per diluted share in the first quarter. The company increased its share repurchase authorization from $150 million to $200 million, pending regulatory approval, and approved the redemption of $54.1 million of trust preferred securities. Net interest margin rose to 3.48% from 3.43% in the prior quarter. The company operates as a financial holding company for Cathay Bank, providing a wide range of banking services.