Cathay General Bancorp(CATY)

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Cathay General Bancorp(CATY) - 2022 Q2 - Earnings Call Presentation
2022-07-26 01:24
Financial Earnings Results. Second Quarter 2022 July 25, 2022 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. Stat ...
Cathay General Bancorp(CATY) - 2022 Q1 - Quarterly Report
2022-05-08 16:00
Title of each class Trading Symbol Name of each exchange on which registered Common Stock CATY Nasdaq Global Select Market 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 March 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period fromto Commission fil ...
Cathay General Bancorp(CATY) - 2022 Q1 - Earnings Call Transcript
2022-04-26 00:28
Cathay General Bancorp (NASDAQ:CATY) Q1 2022 Earnings Conference Call April 25, 2022 6:00 PM ET Company Participants Megan Cheung - IR Chang Liu - President and CEO Heng Chen - EVP and CFO Conference Call Participants Brandon King - Truist Securities Matthew Clark - Piper Sandler David Chiaverini - Wedbush Securities Andrew Terrell - Stephens Inc. Operator Good afternoon, ladies and gentlemen and welcome to Cathay General Bancorp's First Quarter 2022 Earnings Conference Call. My name is Andrew and I'll be y ...
Cathay General Bancorp(CATY) - 2022 Q1 - Earnings Call Presentation
2022-04-25 22:52
Financial Earnings Results. First Quarter 2022 April 25, 2022 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. Stat ...
Cathay General Bancorp(CATY) - 2021 Q4 - Annual Report
2022-02-28 16:00
Interest Rate Sensitivity - The company expects net interest income to increase by 9.43% with a 100 basis points increase in interest rates over the next twelve months[559]. - If interest rates were to increase by 200 basis points, net interest income is projected to rise by 19.63%[559]. - Conversely, a 100 basis points decrease in interest rates would lead to a 1.30% decline in net interest income, while a 200 basis points decrease would result in a 1.51% decrease[559]. - The company has established a tolerance level for net interest income volatility of plus or minus 5% when hypothetical rate changes are plus or minus 200 basis points[559]. Market Value Impact - The net market value of the company's portfolio is projected to increase by 12.23% with a 200 basis points increase in interest rates[561]. - A 200 basis points decrease in interest rates would decrease the net market value of assets and liabilities by 7.11%[561]. Derivative Contracts - As of December 31, 2021, the company had outstanding interest rate derivative contracts with a notional amount of $457.0 million[570]. - The company entered into interest rate swap contracts in May 2014 with a notional amount of $119.1 million to hedge interest payments on Junior Subordinated Debentures[571]. - The notional amount of cash flow swap hedges was $119.136 million, with a net unrealized loss of $(3.276) million compared to $(6.890) million in 2020[572]. - The Bank's outstanding interest rate swap contracts had a notional amount of $324.8 million as of December 31, 2021, hedging the risk of changes in fair value of commercial real estate loans[573]. - The Company designated $404.4 million as a last-of-layer hedge on a pool of loans with a notional value of $748.6 million as of December 31, 2021, to reduce exposure to higher interest rates[574]. - The notional amount of fair value swap hedges increased to $729.280 million in 2021 from $478.266 million in 2020, with a net unrealized loss of $(1.013) million compared to $(15.082) million in 2020[577]. - The Company had cash collateral related to derivative contracts totaling $5.9 million as of December 31, 2021, down from $11.9 million in 2020[576]. - The notional amount of derivative financial instruments not designated as hedging instruments included $181.997 million in forward and swap contracts with positive fair value as of December 31, 2021[578]. - The fair value of forward and swap contracts with negative fair value was $(51.782) million as of December 31, 2021, compared to $(132.813) million in 2020[578]. - The Company recorded a periodic net settlement of swaps amounting to $(9.345) million for the year ended December 31, 2021, compared to $(7.719) million in 2020[577]. - The weighted average fixed rate-pay for fair value swap hedges was 2.65% in 2021, down from 4.56% in 2020[577]. - The ineffective portion of interest rate swaps was not significant as of December 31, 2021, indicating effective risk management practices[573]. Loan and Securities Information - The average interest rate for mortgage-backed securities and collateralized mortgage obligations is 2.31%[566]. - The total fair value of loans as of December 31, 2021, is $16,499,869 thousand[566].
Cathay General Bancorp(CATY) - 2021 Q4 - Earnings Call Transcript
2022-01-28 05:32
Cathay General Bancorp (NASDAQ:CATY) Q4 2021 Earnings Conference Call January 22, 2022 6:00 PM ET Company Participants Chang Liu - President and CEO Heng Chen - EVP and CFO Georgia Lo - IR Conference Call Participants Brandon KIng – Truist Security Chris McGratty – KBW Matthew Clark – Piper Sandler Operator Good afternoon, ladies and gentlemen and welcome to Cathay General Bancorp's Fourth Quarter and Full Year 2021 Earnings Conference Call. My name is Gigi and I'll be your coordinator for today. At this ti ...
Cathay General Bancorp(CATY) - 2021 Q4 - Earnings Call Presentation
2022-01-28 03:10
Financial Earnings Results. Fourth Quarter and Full Year 2021 January 27, 2022 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 ...
Cathay General Bancorp(CATY) - 2021 Q3 - Quarterly Report
2021-11-07 16:00
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 ended September 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-31830 CATHAY GENERAL BANCORP (Exact name of registrant as specified in its charter) | --- | |----------------------- ...
Cathay General Bancorp(CATY) - 2021 Q3 - Earnings Call Presentation
2021-10-26 00:41
Financial Earnings Results. Third Quarter 2021 October 25, 2021 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. St ...
Cathay General Bancorp(CATY) - 2021 Q3 - Earnings Call Transcript
2021-10-26 00:31
Cathay General Bancorp (NASDAQ:CATY) Q3 2021 Earnings Conference Call October 25, 2021 6:00 PM ET Company Participants Georgia Lo - IR Chang Liu - President and CEO Heng Chen - EVP and CFO Conference Call Participants Brandon King - Truist Securities David Chiaverini - Wedbush Securities Chris McGratty - KBW Gary Tenner - D.A. Davidson Operator Good afternoon ladies and gentlemen and welcome to Cathay General Bancorp's Third Quarter 2021 Earnings Conference Call. My name is Sadie and I will be your coordina ...