Cathay General (CATY) reported $175.18 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 15.2%. EPS of $1.10 for the same period compares to $1.32 a year ago.The reported revenue represents a surprise of -7.24% over the Zacks Consensus Estimate of $188.85 million. With the consensus EPS estimate being $1.02, the EPS surprise was +7.84%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall S ...

Cathay General (CATY) came out with quarterly earnings of $1.10 per share, beating the Zacks Consensus Estimate of $1.02 per share. This compares to earnings of $1.32 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7.84%. A quarter ago, it was expected that this holding company for Cathay Bank would post earnings of $1.10 per share when it actually produced earnings of $1.25, delivering a surprise of 13.64%.Over the last four ...

ASSET QUALITY REVIEW FOR IMMEDIATE RELEASE Los Angeles, Calif., April 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 March 31, 2024. The Company reported net income of $71.4 million, or $0.98 per share, for the first quarter of 2024. The first quarter net income included a $9.0 million or $0.09 per diluted share mark-to market loss from equity securities held by ...

In its upcoming report, Cathay General (CATY) is predicted by Wall Street analysts to post quarterly earnings of $1.02 per share, reflecting a decline of 22.7% compared to the same period last year. Revenues are forecasted to be $188.85 million, representing a year-over-year decrease of 8.6%.The consensus EPS estimate for the quarter has been revised 2% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates du ...

Wall Street expects a year-over-year decline in earnings on lower revenues when Cathay General (CATY) reports results for the quarter ended March 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on April 22, 2024, might help the stock move higher if these key numbers are better than expe ...

Ownership of our common stock involves certain risks. The risks and uncertainties described below are not the only ones we face. Understanding these risks is important to understanding any statement in this Annual Report on Form 10-K. You should carefully read and consider the risks and uncertainties described below together with all of the other information included or incorporated by reference in this Annual Report on Form 10-K, including under the heading "Management's Discussion and Analysis". Further, ...

Company Participants Georgia Lo - Investor Relations Brandon King - Truist Securities Operator Now, I would like to turn the call over to Georgia Lo, Investor Relations of Cathay General Bancorp. Please go ahead. These risks and uncertainties are further described in the company's annual report on Form 10-K for the year ended, December 31, 2022, at Item 1 in particular, and in other reports and filings with the Securities and Exchange Commission from time to time. Cathay General Bancorp (NASDAQ:CATY) Q4 202 ...

• $19.3 billion Total Loan Portfolio • $19.5 billion as of 12.31.23 Commercial Real Estate Portfolio Multi-Family Residential Office CRE Portfolio % based on $1.54 billion loans outstanding $ in millions Office CRE Loan Portfolio -5 5 15 25 35 45 55 65 75 85 0% 20% 40% 60% 80% 100% 533 649 440 530 830 581 778 458 560 921 593 790 477 575 946 613 840 496 595 935 621 847 514 598 964 0 50 100 150 200 250 300 350 400 450 500 550 600 650 700 750 800 850 900 950 1000 Total Loans C & I Residential Mortgage CRE Cons ...

For the quarter ended December 2023, Cathay General (CATY) reported revenue of $205.24 million, down 4.1% over the same period last year. EPS came in at $1.25, compared to $1.33 in the year-ago quarter.The reported revenue represents a surprise of +3.68% over the Zacks Consensus Estimate of $197.95 million. With the consensus EPS estimate being $1.10, the EPS surprise was +13.64%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall ...

Cathay General (CATY) came out with quarterly earnings of $1.25 per share, beating the Zacks Consensus Estimate of $1.10 per share. This compares to earnings of $1.33 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 13.64%. A quarter ago, it was expected that this holding company for Cathay Bank would post earnings of $1.12 per share when it actually produced earnings of $1.13, delivering a surprise of 0.89%.Over the last four ...