Cathay General Bancorp Stock News

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 estimate to 3.5%. Unemployment rates in CATY's markets have improved, but they're still quite high based on peer comparison. Unlike the last couple of years, CATY is not planning to invest in any solar ...

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 Officer Heng Chen - Executive Vice President, Chief Financial Officer and Treasurer Conference Call Participants Matthew Clark - Piper Sandler Christopher McGratty - KBW Gary Tenner - D.A. Davidson Opera...

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 and year ended December 31, 2024. The Company reported net income of $286.0 million, or $3.95 per diluted share, for the year ended December 31, 2024 and net income of $80.2 million, or $1....

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 January 21, 2025. Mr. Bingham will continue to serve Cathay Bank as Executive Vice President, Special Advisor to the Office of the President for a transition period that is anticipated to end on or...

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 markets close on Wednesday, January 22, 2025. Cathay General Bancorp has scheduled a conference call as set forth below. Analysts and investors may participate in the question-and-answer session. Conf...

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 December 9, 2024, to stockholders of record at the close of business on November 27, 2024. ABOUT CATHAY GENERAL BANCORP Cathay General Bancorp is a publicly traded company (Nasdaq: CATY) and is the holding company fo...

Several small and mid-sized banks may get a lift from all the money flowing into index ETFs.

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 deposits have increased nicely. Unfortunately, the company now looks ready for a downgrade based on pricing, asset quality, and other factors.