Cathay General Bancorp (CATY)
| Market Cap | 3.05B |
| Revenue (ttm) | 692.22M |
| Net Income (ttm) | 285.98M |
| Shares Out | 70.29M |
| EPS (ttm) | 3.95 |
| PE Ratio | 11.00 |
| Forward PE | 10.27 |
| Dividend | $1.36 (3.13%) |
| Ex-Dividend Date | Feb 27, 2025 |
| Volume | 215,756 |
| Open | 43.69 |
| Previous Close | 43.60 |
| Day's Range | 43.28 - 44.06 |
| 52-Week Range | 33.88 - 55.29 |
| Beta | 1.08 |
| Analysts | Hold |
| Price Target | 50.80 (+16.92%) |
| Earnings Date | Apr 21, 2025 |
About CATY
Cathay General Bancorp operates as the holding company for Cathay Bank that offers various commercial banking products and services to individuals, professionals, and small to medium-sized businesses in the United States. It offers savings accounts, checking accounts, money market deposit accounts, certificates of deposit, individual retirement accounts, and public funds deposits, and acceptance of checking, savings, and time deposits. The company also provides loan products, such as commercial loans, small business administration loans, reside... [Read more]
Financial Performance
In 2024, Cathay General Bancorp's revenue was $692.22 million, a decrease of -11.71% compared to the previous year's $784.06 million. Earnings were $285.98 million, a decrease of -19.24%.
Financial StatementsAnalyst Forecast
According to 5 analysts, the average rating for CATY stock is "Hold." The 12-month stock price forecast is $50.8, which is an increase of 16.92% from the latest price.
News
Cathay General Bancorp Declares $0.34 Per Share Dividend
LOS ANGELES--(BUSINESS WIRE)--Cathay General Bancorp (Nasdaq: CATY) announced that its Board of Directors declared a cash dividend of thirty-four cents per common share, payable on March 10, 2025, to ...
Cathay General Bancorp: Reducing The EPS Estimate, But Maintaining A Hold Rating
Cathay General Bancorp's net interest margin will benefit from the rollover of Chinese New Year promotional deposits, deposit mix improvement, and interest rate cuts. I'm reducing my loan growth estim...
Cathay General Bancorp (CATY) Q4 2024 Earnings Call Transcript
Cathay General Bancorp (NASDAQ:CATY) Q4 2024 Earnings Conference Call January 22, 2025 6:00 PM ET Company Participants Georgia Lo - Investor Relations Chang Liu - President and Chief Executive Office...
Cathay General Bancorp Announces Fourth Quarter and Full Year 2024 Results
LOS ANGELES--(BUSINESS WIRE)--Cathay General Bancorp (the “Company,” “we,” “us,” or “our”) (Nasdaq: CATY), the holding company for Cathay Bank, today announced its unaudited financial results for the ...
Cathay General Bancorp Announces Retirement of Chief Risk Officer of Cathay Bank and Appointment of Successor
LOS ANGELES--(BUSINESS WIRE)--Cathay General Bancorp (Nasdaq: CATY), the holding company for Cathay Bank, announced that Mr. Kim R. Bingham will retire as Chief Risk Officer of Cathay Bank, effective ...
Cathay General Bancorp to Announce Fourth Quarter and Full Year 2024 Financial Results
LOS ANGELES--(BUSINESS WIRE)--Cathay General Bancorp (Nasdaq: CATY), the holding company for Cathay Bank, is scheduled to announce its fourth quarter and full year 2024 financial results after the mar...
These Stocks Could Get Big Post-Election Bumps Through the Holidays
Several small and mid-sized banks may get a lift from all the money flowing into index ETFs.
Cathay General Bancorp: Shares Performed As Expected
Cathay General Bancorp has had a nice run lower over the past year or so, with shares outperforming the broader market. This has come at a time when income statement results have worsened, but deposit...
Cathay General Bancorp: Rate Cuts To Help Earnings Bounce Back Next Year
Despite recent performance, my loan growth outlook remains positive because of the economic strength of urban markets and interest rate cuts. The net interest margin will likely continue to expand bec...
Cathay General Bancorp (CATY) Q3 2024 Earnings Call Transcript
Cathay General Bancorp (NASDAQ:CATY) Q3 2024 Earnings Conference Call October 21, 2024 6:00 PM ET Company Participants Georgia Lo - IR Chang Liu - President & CEO Heng Chen - EVP, CFO & Treasurer Con...
Cathay General Bancorp Announces Third Quarter 2024 Results
LOS ANGELES--(BUSINESS WIRE)--Cathay General Bancorp (the “Company”, “we”, “us”, or “our”) (Nasdaq: CATY), the holding company for Cathay Bank, today announced its unaudited financial results for the ...
Cathay General Bancorp to Announce Third Quarter 2024 Financial Results
LOS ANGELES--(BUSINESS WIRE)--Cathay General Bancorp (Nasdaq: CATY), the holding company for Cathay Bank, is scheduled to announce its third quarter 2024 financial results after the markets close on M...
Cathay General: Turnaround Seems Near, Buy On Dips
I have revised downwards my earnings estimate for this year because the first half's performance missed my expectations. Interest rate cuts will help lift the net interest margin as well as the reside...
Cathay General Bancorp (CATY) Q2 2024 Earnings Call Transcript
Cathay General Bancorp (NASDAQ:CATY) Q2 2024 Results Conference Call July 23, 2024 6:00 PM ET Company Participants Georgia Lo - Investor Relations Chang Liu - President and Chief Executive Officer He...
Cathay General Bancorp Announces Second Quarter 2024 Results
LOS ANGELES--(BUSINESS WIRE)--Cathay General Bancorp (the “Company”, “we”, “us”, or “our”) (Nasdaq: CATY), the holding company for Cathay Bank, today announced its unaudited financial results for the ...
Cathay General Bancorp to Announce Second Quarter 2024 Financial Results
LOS ANGELES--(BUSINESS WIRE)--Cathay General Bancorp (Nasdaq: CATY), the holding company for Cathay Bank, is scheduled to announce its second quarter 2024 financial results after the markets close on ...
Cathay General Bancorp Adopts New Share Repurchase Program
LOS ANGELES--(BUSINESS WIRE)--Cathay General Bancorp (the “Company”, Nasdaq: CATY), the holding company for Cathay Bank, announced that its Board of Directors has adopted a new share repurchase progra...
Cathay Announces Two New Board Directors
LOS ANGELES--(BUSINESS WIRE)--Cathay General Bancorp (the “Company”, Nasdaq: CATY), the holding company for Cathay Bank (the “Bank”), elected two new members, Ann Yee Kono and Elizabeth Woo, to the Bo...
Cathay General Bancorp (CATY) Q1 2024 Earnings Call Transcript
Cathay General Bancorp (NASDAQ:CATY) Q1 2024 Earnings Conference Call April 22, 2024 6:00 PM ET Company Participants Georgia Lo - Investor Relations Chang Liu - President and Chief Executive Officer ...
Cathay General Bancorp Announces First Quarter 2024 Results
LOS ANGELES--(BUSINESS WIRE)--Cathay General Bancorp (the “Company,” “we,” “us,” or “our”) (Nasdaq: CATY), the holding company for Cathay Bank, today announced its unaudited financial results for the ...
Cathay General Bancorp to Announce First Quarter 2024 Financial Results
LOS ANGELES--(BUSINESS WIRE)--Cathay General Bancorp (Nasdaq: CATY), the holding company for Cathay Bank, is scheduled to announce its first quarter 2024 financial results after the markets close on M...
Cathay General Bancorp (CATY) Q4 2023 Earnings Call Transcript
Cathay General Bancorp (CATY) Q4 2023 Earnings Call Transcript
Cathay General Bancorp Announces Fourth Quarter and Full Year 2023 Results
LOS ANGELES--(BUSINESS WIRE)--Cathay General Bancorp (the “Company”, “we”, “us”, or “our”) (Nasdaq: CATY), the holding company for Cathay Bank, today announced its unaudited financial results for the ...
Cathay General Bancorp to Announce Fourth Quarter and Full Year 2023 Financial Results
LOS ANGELES--(BUSINESS WIRE)--Cathay General Bancorp (Nasdaq: CATY), the holding company for Cathay Bank, is scheduled to announce its fourth quarter and full year 2023 financial results after the mar...
Cathay General Bancorp: At The Current Price It May Not Be Worth It
Cathay General Bancorp has experienced a decline of 12% YTD and the banking crisis at the beginning of the year has not been fully resolved. The composition of deposits at Cathay has changed dramatica...