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CATY-News
CATY-Events
Company Reports Q3 Revenue of $254.7M, Beating Expectations
Reports Q3 revenue $254.7M, consensus $227.4M. Reports Q3 net interest margin 3.52% compared to 3.48% in Q2. "Our third quarter results reflected strong performance across the franchise. Net interest income grew, loans and deposits increased meaningfully, and net interest margin continued to expand," said Chang M. Liu, President and Chief Executive Officer of the Company. "We remain focused on disciplined execution and prudent balance sheet management to build on this progress and continue delivering long-term value for our shareholders."
Company Reports Q2 Revenue of $221.2M
Reports Q2 revenue $221.2M, consensus $218.04M. "We delivered strong second quarter results, with higher earnings driven by continued net interest margin expansion and disciplined execution across the franchise. Improved profitability reflects the strength of our relationships and the resilience of our business model," said Chang M. Liu, President and Chief Executive Officer of the Company. "We remain focused on maintaining strong credit quality, prudently managing the balance sheet, and supporting the financial needs of our clients. We believe these fundamentals, along with thoughtful capital management, will continue to support long-term value creation for our shareholders."
Cathay General Announces $150 Million Share Repurchase Program
Cathay General "announced that its Board of Directors has adopted a new share repurchase program authorizing the Company to repurchase up to $150,000,000 of the Company's common stock. The previous $150,000,000 share repurchase program announced on June 4, 2025, was completed on February 4, 2026, with the repurchase of 3,217,481 shares at an average cost of $46.62."
Company Reports Q1 Revenue of $214.8M
Reports Q1 revenue $214.8M, consensus $211.6M. "Our ability to expand net interest margin while keeping deposit costs contained underscores the strength of our franchise and the loyalty of our customers," commented Chang M. Liu, President and Chief Executive Officer of the Company. "Although loan growth did not meet our earlier expectations, we are intentionally choosing to prioritize credit quality and deepen customer relationships rather than chase volume in a period of heightened geopolitical uncertainty. This disciplined approach positions us well for sustainable performance."
Cathay General Bancorp CFO Heng W. Chen to Retire in 2026
Cathay General Bancorp announced that Heng W. Chen will retire as Chief Financial Officer of Cathay General Bancorp and Cathay Bank and Treasurer of Cathay General Bancorp, effective March 1, 2026, following a nearly 42-year career in auditing and finance, including 23 years of service at Cathay. Albert J. Wang, who currently serves as Deputy Chief Financial Officer, will succeed Chen as Chief Financial Officer of Cathay and Treasurer of Cathay General Bancorp. Chen will remain as a Special Advisor to the Office of the President for Cathay Bank through December 31, 2026. "I would like to thank Heng for his decades-long contributions to Cathay," said Chang M. Liu, President and CEO of Cathay. "His financial acumen, integrity and unwavering commitment to making sound, strategic decisions have left a lasting legacy. We respect Heng's personal decision to retire and wish him all the best in his well-earned next chapter."
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