Cathay General Bancorp(US:CATY)2025-04-21 23:01Financial Performance - Net income for the first quarter of 2025 was $69.5 million[5], with diluted earnings per share (EPS) at $0.98[5] - The return on average assets (ROAA) was 1.23% and the return on average equity (ROAE) was 10.40%[5] - Pre-Tax Pre-Provision (PTPP) income was $111 million[8], with a PTPP ratio of 1.92%[8] - Net interest income increased to $176.6 million, a 3% increase compared to the previous quarter[64] Balance Sheet Summary - Total assets reached $23.204 billion, an increase of $149 million from the previous quarter[11] - Gross loans, net of fees, amounted to $19.341 billion[11] - Total deposits were $19.818 billion, up by $131 million from the previous quarter[11] - The net loans-to-deposit ratio was 97%[13] Loan Portfolio - Total loans amounted to $19.4 billion[9] - Commercial Real Estate (CRE) loans comprised 53% of the total loan portfolio, totaling $10.2 billion[15, 26] - Residential mortgage loans accounted for 30% of the total loan portfolio, totaling $5.9 billion[15, 26] - C&I loans represented 15% of the total loan portfolio, amounting to $3.0 billion[15, 26] Asset Quality - The allowance for credit losses (ALLL) totaled $175 million[11] - Classified loans represented 1.96% of total gross loans[48] - Non-performing assets (NPA) accounted for 0.75% of total assets[51] Deposits - Total deposits reached $19.8 billion[9] - Time deposits accounted for 49% of total deposits[56]