CATY
Cathay General Bancorp50.36
-0.06-0.12%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A details deposits, credits, competition
Q&A unpacked deposit pressures, flagging $4 billion in Q1-maturing CDs at 3.8% average yield amid fierce LA/NY competition, with 60% betas assumed for interest-bearing deposits and Lunar New Year pushes to transition to noninterest-bearing. Management detailed special mention migrations—a completed NY mixed-use awaiting tax approval, Pacific NW multifamily gaining tenants, and a C&I distributor eyeing yearly profits—expecting all to resolve within 12 months, with no broader credit trends. Lending competition hit C&I hardest, while CRE and residential yields held firm. No walk-backs; just color. Q&A reaffirmed guidance. Watch deposit betas. Confident on credits.
Key Stats
Market Cap
3.48BP/E (TTM)
11.63Basic EPS (TTM)
4.33Dividend Yield
0.01%Recent Filings
10-K
FY2025 results
Cathay General Bancorp closed FY2025 ended December 31, 2025 with $24.23B assets, $20.89B deposits up 6.1% y/y, and $19.94B net loans up 4.0% y/y, fueled by 5.3% CRE loan growth to $10.56B. Net income hit $315.1M or $4.54 diluted EPS, lifting ROA to 1.33% and ROE to 10.87%, driven by net interest income jumping 10.1% to $742.5M on NIM expansion to 3.30% as time deposit costs fell. Q4 momentum shone through deposit gains and $137.5M buybacks under the June program, leaving $12.5M capacity, while repaying borrowings. Yet non-performing assets ticked to 0.71% of loans+OREO. Uninsured deposits expose liquidity to outflows.
8-K
Cathay appoints banking expert director
Cathay General Bancorp appointed Lana Chan, a banking industry veteran with over 30 years in equity research and recent Cathay Bank consulting, as a Class I director effective February 4, 2026. This follows Jane Jelenko's planned retirement on April 30, 2026, with no disagreements noted. Board shrinks to twelve, eight independent. Chan receives standard non-employee director pay.
8-K
CFO retires; successor named
Cathay General Bancorp announced CFO Heng W. Chen's retirement effective March 1, 2026, after 23 years steering finances, transitioning to special advisor through year-end at $15,000 monthly. Albert J. Wang, deputy CFO since September 2025 with 28 years' banking experience from Webster and Banc of California, succeeds him with $500,000 base salary. Smooth handoff ensures continuity. No related-party ties disclosed.
8-K
Q4 net income jumps 16.5%
10-Q
Q3 FY2025 results
Cathay General Bancorp posted Q3 net income of $77.7M, up 15% y/y, with diluted EPS steady at $1.13 despite share buybacks shrinking the count from 71.8M to 69.0M (derived). Net interest income climbed 12% y/y to $189.6M on a 27 bps margin expansion to 3.31%, fueled by 67 bps cheaper deposit funding while asset yields dipped modestly. Loans grew 3.8% YTD to $20.1B, deposits 4.2% to $20.5B; provision hit $28.7M on movie theater reserves and CECL tweaks. Cash sits at $166M, short-term investments $1.1B, FHLB advances $190M (4.45%, due Oct 2025), revolver access $7.5B. Repurchased $50M shares. CRE loans test concentration limits.
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