| --- | --- | |----------------------------------------------------------------------------|------------------------------------------| | Commission file number | 001-31830 | | CATHAY | GENERAL BANCORP | | (Exact name of registrant | as specified in its charter) | | Delaware | 95-4274680 | | (State of other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) | | | | | 777 North Broadway, Los Angeles, California | 90012 | | (Address of principal executive offices) | (Zip Cod ...

Financial Data and Key Metrics Changes - Net income for Q1 2023 decreased by 1.6% to $96 million compared to $97.6 million in Q4 2022, primarily due to net interest margin compression from increased deposit costs [24][80] - Diluted earnings per share decreased by 0.8% to $1.32 per share for Q1 2023 from $1.33 per share in Q4 2022 [6] - Non-interest expenses increased by 2.4% to $83.2 million in Q1 2023 compared to $81.2 million in Q4 2022, driven by higher salaries and bonuses [10] Business Line Data and Key Metrics Changes - Gross loans increased by $63.3 million or 1.4% annualized in Q1 2023, with commercial real estate loans up by $123 million or 5.6% annualized and residential mortgage loans up by $131 million or 10% annualized [87] - Non-accrual loans increased to 0.4% of total loans, totaling $73.6 million, up by $6.9 million from Q4 2022 [22] - Total time deposits increased by $2.9 billion or 222% annualized during Q1 2023 due to a promotional campaign [23] Market Data and Key Metrics Changes - Total uninsured deposits decreased by approximately $0.5 billion to $8.7 billion as of March 31, 2023, from $9.2 billion as of December 31, 2022 [8] - Total deposits reduced by $143.6 million or 3.1% annualized during Q1 2023 [89] - Total money market deposits decreased by $1.4 billion or 119% annualized due to a migration back to CDs [93] Company Strategy and Development Direction - The company has reduced its guidance for overall loan growth for 2023 to between 1% to 3% from a previous guidance of 3% to 5% due to economic uncertainties [3] - The company is focusing on business deposits and leveraging its commercial and industrial (C&I) client base to gather deposits [97] - The company plans to restart its stock repurchase program later in the year, pending economic conditions [51] Management's Comments on Operating Environment and Future Outlook - Management expressed concerns about net interest margin compression due to rising deposit costs and expects a slight recovery in NIM with anticipated Fed rate hikes [108] - The effective tax rate for 2023 is expected to be between 16.5% and 17.5% [25] - Management noted that the overall deposit growth for 2023 is expected to range between 2% and 4% [93] Other Important Information - The company recorded a provision for credit loss of $8.1 million in Q1 2023, up from $1.4 million in Q4 2022 [89] - The average loan-to-value ratio for commercial real estate loans was 50% as of March 31, 2023 [21] - The company has $6.5 billion in unused borrowing capacity from the Federal Home Loan Bank as of March 31, 2023 [92] Q&A Session Summary Question: What is the reserve set aside for office CRE exposure? - The reserve for office CRE exposure is approximately 70 basis points, with minimal non-accruals in that portfolio [31] Question: What are the expectations for net interest margin (NIM)? - The company expects NIM to be between 3.6% to 3.7% for 2023, with a slight recovery anticipated due to Fed rate hikes [108] Question: How is the company managing liquidity post-banking crisis? - The company did not feel the need to build up significant liquidity due to available cash and borrowing capacity from the Federal Home Loan Bank [40] Question: What is the strategy for deposit gathering moving forward? - The company will continue to focus on business deposits and leveraging its C&I client base while maintaining a pace of CDs [97] Question: What is the outlook for provisions and reserves in 2023? - The company hopes not to see large charge-offs again in the second quarter, with reserves expected to be lower than in Q1 [62]

First Quarter 2023 April 20, 2023 Forward Looking Statements This presentation contains forward-looking statements about Cathay General Bancorp and its subsidiaries (collectively referred to herein as the "Company," "we," "us," or "our") within the meaning of the applicable provisions of the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provision for forward-looking statements in these provisions. Statements that are not historic ...

Washington, D.C. 20549 Table of Contents Form 10-K ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | |-------------------------------------------------------------|-----------------------| | | | | Cathay General Bancorp | | | (Exact name of Registrant as specified in its | charter) | | Delaware | 95-4274680 | | (State or other jurisdiction of | (I.R.S. Employer | | incorporation or organization) | Identification No.) | | 777 North Broadway, | 90012 | | ...

Cathay General Bancorp (NASDAQ:CATY) Q4 2022 Earnings Conference Call January 25, 2023 6:00 PM ET Company Participants Georgia Lo - Investor Relations Chang Liu - President and Chief Executive Officer Heng Chen - Executive Vice President and Chief Financial Officer Conference Call Participants Chris McGratty - KBW Matthew Clark - Piper Sandler Gary Tenner - D.A. Davidson Andrew Terrell - Stephens Operator Good afternoon, ladies and gentlemen and welcome to Cathay General Bancorp’s Fourth Quarter and Full Ye ...

Number of common shares outstanding (e) 72,742,151 73,411,960 75,750,862 Total stockholders' equity to total assets ratio (a)/(c) 11.25% 11.05% 11.71% Tangible equity to tangible assets ratio (b)/(d) 9.69% 9.47% 10.09% Tangible book value per share (b)/(e) $ 28.77 $ 27.75 $ 27.32 Three Months Ended Twelve Months Ended Return on tangible common equity (3) (f)/(b) 18.82% 19.48% 14.59% 17.30% 14.44% Appendix: GAAP to Non-GAAP Reconciliation Selected Consolidation Financial Information ($ in thousands) (unaudit ...

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 ended September 30, 2022 OR (Exact name of registrant as specified in its charter) | --- | --- | |---------------------------------|-------------------------------------------------------------------------------------------| | ☐ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF T ...

Financial Data and Key Metrics Changes - The company reported net income of $99 million for Q3 2022, a 36.8% increase compared to $72.4 million in Q3 2021 [6] - Diluted earnings per share increased by 45.2% to $1.35 for Q3 2022, up from $0.93 in the same quarter a year ago [6] - Net interest margin expanded to 3.83% in Q3 2022 from 3.22% in Q3 2021 [15] Business Line Data and Key Metrics Changes - Gross loans increased by $318.9 million or 7.8% annualized in Q3 2022, driven by a $193.4 million increase in commercial loans (26.8% annualized) and a $114.7 million increase in commercial real estate loans (5.6% annualized) [7] - Non-interest income decreased by $2.3 million to $9.9 million in Q3 2022, primarily due to a $3.7 million loss in equity securities [16] - Non-interest expense increased by $3.2 million or 4.3% to $75.4 million in Q3 2022 compared to $72.2 million in Q3 2021 [17] Market Data and Key Metrics Changes - Total deposits increased by $288.4 million or 6.4% annualized during Q3 2022 [12] - Time deposits increased by $686 million or 49.7% annualized, while money market deposits decreased by $287 million or 33.6% annualized [12][13] Company Strategy and Development Direction - The company expects overall loan growth for 2022 to range between 11% to 12.5%, including approximately $646.1 million from the acquisition of certain HSBC West Coast branches [8] - The company is targeting deposit growth to match loan growth, with expectations for slower loan growth in Q4 due to higher interest rates [24] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in a gradual increase in net interest margin for Q4 2022, but noted potential challenges in 2023 due to market conditions [21] - The effective tax rate for Q3 2022 was 23.8%, with expectations for Q4 2022 to be between 22.5% and 23% [18] Other Important Information - The company repurchased $1.08 million of shares at an average cost of $42.88, totaling $46.3 million in Q3 2022, with $76.9 million remaining in the stock repurchase program [14] - As of September 30, 2022, the tier one leverage capital ratio decreased to 10.02% from 10.05% as of June 30, 2022 [19] Q&A Session Summary Question: NIM outlook beyond this year - Management believes NIM will gradually increase in Q4 and is optimistic about reaching 4% for the full year of 2023 [21] Question: Deposit growth guidance - Management expects deposit growth to match loan growth, with a target of approximately $300 million in deposit growth for Q4 [24][26] Question: Loan growth expectations for 2023 - Management anticipates continued runoff in construction and equity lines of business, with slower growth in commercial mortgage [28] Question: FHLB advances and stability - Management expects FHLB borrowings to decrease, currently at about $150 million [31] Question: Deposit beta assumptions - Management indicated that cumulative deposit beta should be about 30% as the fed funds rate approaches 4.50% to 4.75% [37] Question: Capital return outlook - Management plans to continue share buybacks, expecting to buy back a million shares in Q4 2022 [43]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period endedJune 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition to | --- | --- | --- | |-------------------------------------------------------------|------------------------------------------------------------------------------ ...

Cathay General Bancorp (NASDAQ:CATY) Q2 2022 Earnings Conference Call July 25, 2022 6:00 PM ET Company Participants Georgia Lo - IR Chang Liu - President and CEO Heng Chen - EVP and CFO Conference Call Participants Matthew Clark - Piper Sandler Brandon King - Truist Securities Andrew Terrell - Stephens Inc. Chris McGratty - KBW Operator Good afternoon, ladies and gentlemen and welcome to Cathay General Bancorp's Second Quarter 2022 Earnings Conference Call. My name is Andrew and I'll be your coordinator for ...