Cathay General Bancorp Stock News

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 residential loan segment. The year-end target price suggests a small downside from the current market price. Additionally, CATY is offering a moderate dividend yield.

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 Heng Chen - Executive Vice President, Chief Financial Officer and Treasurer Conference Call Participants Matthew Clark - Piper Sandler Andrew Terrell - Stephens Gary Tenner - D.A. Davidson Andrew Lei...

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 quarter ended June 30, 2024. The Company reported net income of $66.8 million, or $0.92 per share, for the second quarter of 2024. The second quarter net income included $4.1 million or $0.04 per d...

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 Monday, July 22, 2024. Cathay General Bancorp has scheduled a conference call as set forth below. Analysts and investors may participate in the question-and-answer session. Conference Call and Webc...

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 program authorizing the Company to repurchase up to $125,000,000 of the Company's common stock. The previous $125,000,000 share repurchase program announced on May 26, 2022, was completed on February 21,...

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 Board of Directors of the Company and the Bank respectively at the Company Annual Stockholder's Meeting on May 13, 2024, and the Bank's Board of Directors meeting held yesterday. Ann Yee Kono is the ...

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 June 10, 2024, to stockholders of record at the close of business on May 30, 2024. ABOUT CATHAY GENERAL BANCORP Cathay General Bancorp is a publicly traded company (Nasdaq: CATY) and is the holding company for Cathay...

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 Heng Chen - Executive Vice President, Chief Financial Officer and Treasurer Conference Call Participants Matthew Clark - Piper Sandler Brandon King - Truist Securities Gary Tenner - D.A. Davidson A...