Cathay General Bancorp (CATY)

Cathay General Bancorp Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	1,219	1,130	801.98	649.22	677.19	729.62
Interest Income on Investments	119.6	111.98	49.3	17.29	23.38	39.65
Total Interest Income	1,338	1,242	851.28	666.51	700.57	769.27
Interest Paid on Deposits	621.73	467.96	105.3	61.8	137.03	178.1
Interest Paid on Borrowings	31.34	32.51	12.29	6.96	11.44	16.26
Total Interest Expense	653.08	500.48	117.58	68.76	148.46	194.36
Net Interest Income	685.18	741.75	733.7	597.76	552.11	574.91
Net Interest Income Growth (YoY)	-10.01%	1.10%	22.74%	8.27%	-3.97%	1.59%
Trust Income	22.68	17.51	16.44	15.06	10.53	-
Gain (Loss) on Sale of Investments	3.85	15.25	0.39	-0.57	0.55	5.95
Other Non-Interest Income	30.44	29.11	33.46	34.54	26.8	34.04
Total Non-Interest Income	63.29	68.29	56.81	54.6	42.82	44.75
Non-Interest Income Growth (YoY)	10.50%	20.20%	4.05%	27.52%	-4.31%	42.67%
Revenues Before Loan Losses	748.47	810.04	790.51	652.36	594.93	619.66
Provision for Loan Losses	24.72	25.98	14.54	-16.01	57.5	-7
Revenue	723.75	784.06	775.97	668.37	537.43	626.66
Revenue Growth (YoY)	-8.74%	1.04%	16.10%	24.36%	-14.24%	4.14%
Salaries and Employee Benefits	157.99	146.31	134.71	125.99	117.62	121.95
Federal Deposit Insurance	27.44	23.59	8.04	7.13	9	9.62
Amortization of Goodwill & Intangibles	1.1	1.31	1.89	0.69	0.69	0.69
Selling, General & Administrative	102.16	100.69	92.52	84.86	80.15	84.37
Other Non-Interest Expense	20.04	20.53	19.95	19.91	20.19	19.82
Total Non-Interest Expense	399.29	379.81	299.31	284.37	282.77	277.29
EBT Excluding Unusual Items	324.47	404.25	476.66	384	254.66	349.37
Other Unusual Items	-	-	-	-0.73	-0.69	-
Pretax Income	323.79	403.58	472.54	381.84	253.97	349.37
Income Tax Expense	35.49	49.46	111.89	83.54	25.11	70.23
Earnings From Continuing Operations	288.3	354.12	360.64	298.3	228.86	279.14
Net Income	288.3	354.12	360.64	298.3	228.86	279.14
Net Income to Common	288.3	354.12	360.64	298.3	228.86	279.14
Net Income Growth	-21.91%	-1.81%	20.90%	30.34%	-18.01%	2.67%
Basic Shares Outstanding	72	73	74	78	80	80
Diluted Shares Outstanding	73	73	75	79	80	80
Shares Change (YoY)	-0.43%	-2.41%	-4.97%	-1.51%	-0.59%	-1.67%
EPS (Basic)	3.98	4.88	4.85	3.81	2.88	3.49
EPS (Diluted)	3.96	4.86	4.83	3.80	2.87	3.48
EPS Growth	-21.78%	0.62%	27.11%	32.40%	-17.53%	4.50%
Dividend Per Share	1.360	1.360	1.360	1.300	1.240	1.240
Dividend Growth	0%	0%	4.62%	4.84%	0%	12.73%
Effective Tax Rate	10.96%	12.25%	23.68%	21.88%	9.89%	20.10%

Source: S&P Capital IQ. Banks template. Financial Sources.