Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period endedJune 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period fromto | --- | --- | --- | |---------------------------------------------------------|-----------------------------------------------------------| ...

Cathay General Bancorp (NASDAQ:CATY) Q2 2024 Results Conference Call July 23, 2024 6:00 PM ET Georgia Lo - Investor Relations Chang Liu - President and Chief Executive Officer Heng Chen - Executive Vice President, Chief Financial Officer and Treasurer Matthew Clark - Piper Sandler Andrew Terrell - Stephens Gary Tenner - D.A. Davidson Andrew Leischner - KBW Good afternoon, ladies and gentlemen, and welcome to the Cathay General Bancorp Second Quarter 2024 Earnings Conference Call. My name is Cole, and I'll b ...

The reported revenue compares to the Zacks Consensus Estimate of $179.5 million, representing a surprise of -0.54%. The company delivered an EPS surprise of +1.04%, with the consensus EPS estimate being $0.96. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. View all Key Company Metrics for Cathay here>>> For the quarter ended June 20 ...

Over the last four quarters, the company has surpassed consensus EPS estimates four times. Heritage Commerce's revenues are expected to be $43.35 million, down 10.4% from the year-ago quarter. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - West is currently in the bottom 32% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked indust ...

FOR IMMEDIATE RELEASE Contact:Heng W. Chen (626) 279-3652 Los Angeles, Calif., July 22, 2024: 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 diluted share from accelerated amortization of solar ...

Cathay General (CATY) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business ...

For the last reported quarter, Cathay came out with earnings of $1.10 per share versus the Zacks Consensus Estimate of $1.02 per share, representing a surprise of 7.84%. For the previous quarter, the company was expected to post earnings of $1.10 per share and it actually produced earnings of $1.25 per share, delivering a surprise of 13.64%. Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. ...

Cathay General Bancorp. (CATY) has announced a new share repurchase program. Under the plan, the board of directors authorized the buyback of $125 million worth of shares. There is no set expiration for the program. Previously, CATY had announced a share repurchase program in May 2022, authorizing the buyback of up to $125 million worth of shares. The company completed this program in February 2023, with the repurchase of 2.9 million shares at an average cost of $43.14. As of May 28, 2024, the company had r ...

FORM 10-Q For the transition period fromto Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐ Common stock, $0.01 par value, 72,813,413 shares outstanding as of April 30, 2024. | --- | --- | |-----------|------------------------------------------------------------------ ...

This afternoon, Cathay General Bancorp issued an earnings release outlining its first quarter 2024 results. To obtain a copy of our earnings release, as well as our earnings presentation, please visit our website at www.cathaygeneralbancorp.com. After comments by management today, we will open up this call up for questions. It might be closer to $10 million, but it jumps around. Matthew Clark - Piper Sandler Brandon King - Truist Securities Gary Tenner - D.A. Davidson Andrew Terrell - Stephens Christopher M ...