Cathay General (CATY) Announces $125M New Share Buyback Plan

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 ...