NASDAQ : CATY
Cathay General Bancorp — Financial statements
Financials · Banks - Regional · United States
Last price 65.35 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 4.32B
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 1.23B | 1.21B | 1.22B | 1.13B | 801.98M | 649.22M |
| Interest Income on Investments | 103.21M | 102.71M | 117.81M | 111.98M | 49.30M | 17.29M |
| Total Interest Income | 1.33B | 1.31B | 1.33B | 1.24B | 851.28M | 666.51M |
| Interest Paid on Deposits | 515.09M | 551.85M | 636.26M | 467.96M | 105.30M | 61.80M |
| Interest Paid on Borrowings | 11.22M | 14.95M | 24.66M | 32.51M | 12.29M | 6.96M |
| Total Interest Expense | 526.31M | 566.80M | 660.92M | 500.48M | 117.58M | 68.76M |
| Net Interest Income | 801.96M | 742.46M | 674.05M | 741.75M | 733.70M | 597.75M |
| Trust Income | 28.01M | 23.69M | 24.05M | 17.51M | 16.44M | 15.06M |
| Gain (Loss) on Sale of Investments | 33.41M | 7.39M | -6.41M | 15.25M | 392.00K | -573.00K |
| Other Non-Interest Income | 43.26M | 36.78M | 31.44M | 29.11M | 33.46M | 34.54M |
| Total Non-Interest Income | 112.65M | 75.43M | 55.66M | 68.29M | 56.81M | 54.60M |
| Revenues Before Loan Losses | 914.61M | 817.89M | 729.72M | 810.04M | 790.51M | 652.36M |
| Provision for Loan Losses | 75.23M | 72.63M | 37.50M | 25.98M | 14.54M | -16.01M |
| Revenue | 839.37M | 745.26M | 692.22M | 784.06M | 775.97M | 668.37M |
| Salaries and Employee Benefits | 181.28M | 169.82M | 160.57M | 146.31M | 134.71M | 125.98M |
| Federal Deposit Insurance | 9.96M | 11.38M | 14.28M | 23.59M | 8.04M | 7.13M |
| Amortization of Goodwill & Intangibles | 870.00K | 946.00K | 1.10M | 1.31M | 1.89M | 687.00K |
| Selling, General & Administrative | 110.80M | 109.66M | 104.10M | 100.69M | 92.52M | 84.86M |
| Other Non-Interest Expense | 34.48M | 20.79M | 19.30M | 20.53M | 19.95M | 19.91M |
| Total Non-Interest Expense | 374.13M | 355.06M | 374.68M | 379.81M | 299.31M | 284.37M |
| EBT Excluding Unusual Items | 465.24M | 390.20M | 317.54M | 404.25M | 476.66M | 384.00M |
| Other Unusual Items | -397.00K | -732.00K | ||||
| Pretax Income | 464.85M | 390.20M | 317.54M | 403.58M | 472.54M | 381.84M |
| Income Tax Expense | 100.06M | 75.07M | 31.56M | 49.46M | 111.89M | 83.54M |
| Net Income | 364.79M | 315.12M | 285.98M | 354.12M | 360.64M | 298.30M |
| Net Income to Common | 364.79M | 315.12M | 285.98M | 354.12M | 360.64M | 298.30M |
| Basic Shares Outstanding | 67.04M | 69.18M | 72.07M | 72.57M | 74.34M | 78.27M |
| Diluted Shares Outstanding | 67.34M | 69.45M | 72.33M | 72.86M | 74.66M | 78.57M |
| EPS (Basic) | 5.44 | 4.55 | 3.97 | 4.88 | 4.85 | 3.81 |
| EPS (Diluted) | 5.43 | 4.54 | 3.95 | 4.86 | 4.83 | 3.80 |
| Dividend Per Share | 1.52 | 1.40 | 1.36 | 1.36 | 1.36 | 1.30 |
| Effective Tax Rate | 21.52% | 19.24% | 9.94% | 12.26% | 23.68% | 21.88% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 131.04M | 1.42B | 1.03B | 813.80M | 1.13B | 2.44B |
| Investment Securities | 3.58B | 1.35B | 1.16B | 1.15B | 924.48M | 551.06M |
| Trading Asset Securities | 24.20M | 33.24M | 39.01M | 50.47M | 1.12M | |
| Mortgage-Backed Securities | 652.18M | 708.57M | 814.77M | 898.15M | 897.78M | |
| Total Investments | 3.58B | 2.02B | 1.90B | 2.00B | 1.87B | 1.45B |
| Gross Loans | 21.20B | 20.15B | 19.38B | 19.55B | 18.25B | 16.34B |
| Allowance for Loan Losses | -224.19M | -195.91M | -161.76M | -154.56M | -146.49M | -136.16M |
| Other Adjustments to Gross Loans | -15.52M | -14.90M | -10.54M | -10.72M | -6.64M | -4.32M |
| Net Loans | 20.96B | 19.94B | 19.20B | 19.38B | 18.10B | 16.20B |
| Property, Plant & Equipment | 125.84M | 121.77M | 117.32M | 123.17M | 124.40M | 127.24M |
| Goodwill | 375.70M | 375.70M | 375.70M | 375.70M | 375.70M | 372.19M |
| Other Intangible Assets | 2.10M | 2.68M | 3.33M | 4.46M | 5.76M | 4.63M |
| Loans Held for Sale | 13.60M | |||||
| Accrued Interest Receivable | 97.21M | 96.99M | 97.78M | 97.67M | 82.43M | 56.99M |
| Other Receivables | 13.30M | 37.00M | 33.70M | 16.70M | 41.10M | |
| Restricted Cash | 4.30M | 8.90M | 15.00M | 33.60M | 6.59M | |
| Other Current Assets | 6.39M | 4.38M | 14.06M | 3.26M | 2.37M | 8.11M |
| Long-Term Deferred Tax Assets | 92.88M | 119.61M | 97.40M | 101.49M | 58.34M | |
| Other Real Estate Owned & Foreclosed | 26.91M | 30.34M | 23.07M | 19.44M | 4.07M | 4.37M |
| Other Long-Term Assets | 242.01M | 92.00M | 101.98M | 97.65M | 81.41M | 94.85M |
| Total Assets | 25.57B | 24.23B | 23.05B | 23.08B | 21.95B | 20.89B |
| Interest Bearing Deposits | 17.88B | 11.65B | 10.65B | 10.32B | 10.11B | 10.71B |
| Institutional Deposits | 5.74B | 5.75B | 5.47B | 4.23B | 2.86B | |
| Non-Interest Bearing Deposits | 3.95B | 3.51B | 3.28B | 3.53B | 4.17B | 4.49B |
| Total Deposits | 21.83B | 20.89B | 19.69B | 19.33B | 18.51B | 18.06B |
| Short-Term Borrowings | 24.06M | 33.53M | 38.81M | 200.96M | 327.00K | |
| Current Portion of Long-Term Debt | 60.00M | 540.00M | ||||
| Current Portion of Leases | 10.94M | |||||
| Other Current Liabilities | 6.39M | 4.38M | 14.06M | 3.26M | 2.37M | 8.11M |
| Long-Term Debt | 17.58M | 17.74M | 15.79M | 22.60M | 23.14M | |
| Federal Home Loan Bank Debt, Long-Term | 200.00M | 335.00M | 20.00M | |||
| Long-Term Leases | 37.37M | 25.16M | 30.85M | 34.80M | 32.52M | 30.69M |
| Trust Preferred Securities | 65.01M | 119.14M | 119.14M | 119.14M | 119.14M | 119.14M |
| Other Long-Term Liabilities | 371.99M | 208.75M | 247.46M | 267.72M | 256.07M | 180.22M |
| Total Liabilities | 22.52B | 21.30B | 20.21B | 20.34B | 19.47B | 18.44B |
| Common Stock | 3.06B | 918.00K | 916.00K | 914.00K | 911.00K | 909.00K |
| Additional Paid-In Capital | 1.00B | 993.96M | 987.95M | 981.12M | 972.47M | |
| Retained Earnings | 2.91B | 2.69B | 2.50B | 2.24B | 1.99B | |
| Treasury Stock | -932.21M | -751.92M | -667.22M | -650.55M | -509.24M | |
| Comprehensive Income & Other | -54.40M | -85.61M | -85.42M | -102.30M | -3.06M | |
| Shareholders' Equity | 3.06B | 2.93B | 2.85B | 2.74B | 2.47B | 2.45B |
| Total Liabilities & Equity | 25.57B | 24.23B | 23.05B | 23.08B | 21.95B | 20.89B |
| Total Debt | 302.38M | 196.88M | 261.26M | 748.53M | 710.22M | 193.30M |
| Net Cash (Debt) | -171.34M | 1.25B | 802.60M | 104.28M | 469.05M | 2.25B |
| Net Cash Per Share | -2.54 | 17.96 | 11.10 | 1.43 | 6.28 | 28.65 |
| Filing Date Shares Outstanding | 66.08M | 66.96M | 70.29M | 72.67M | 72.56M | 75.29M |
| Total Common Shares Outstanding | 66.08M | 67.20M | 70.86M | 72.67M | 72.74M | 75.75M |
| Book Value Per Share | 46.26 | 43.53 | 40.16 | 37.66 | 34.01 | 32.29 |
| Tangible Book Value | 2.68B | 2.55B | 2.47B | 2.36B | 2.09B | 2.07B |
| Tangible Book Value Per Share | 40.54 | 37.90 | 34.81 | 32.43 | 28.77 | 27.32 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 315.12M | 285.98M | 354.12M | 360.64M | 298.30M | |
| Depreciation & Amortization | 16.04M | 16.73M | 17.80M | 18.90M | 16.12M | |
| Gain (Loss) on Sale of Assets | -2.08M | 1.16M | 6.00K | 61.00K | 15.00K | |
| Gain (Loss) on Sale of Investments | 9.18M | 53.67M | 59.99M | 44.14M | 54.49M | |
| Total Asset Writedown | 100.00K | 300.00K | 900.00K | |||
| Provision for Credit Losses | 72.63M | 37.50M | 25.98M | 14.54M | -16.01M | |
| Net Decrease (Increase) in Loans Originated / Sold - Operating | 357.00K | |||||
| Accrued Interest Receivable | 26.72M | -10.05M | -54.37M | -80.41M | -34.20M | |
| Change in Other Net Operating Assets | -88.36M | -42.73M | -22.15M | 102.84M | -387.00K | |
| Other Operating Activities | 12.14M | -20.76M | -4.78M | -2.09M | 9.17M | |
| Operating Cash Flow | 368.57M | 329.15M | 384.74M | 467.36M | 334.32M | |
| Capital Expenditures | -4.91M | -3.64M | -3.40M | -3.39M | -3.73M | |
| Cash Acquisitions | -73.88M | |||||
| Investment in Securities | -39.89M | 50.23M | -146.13M | -504.21M | -143.88M | |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -826.55M | 136.94M | -1.33B | -1.27B | -715.86M | |
| Other Investing Activities | 496.00K | -496.00K | 4.01M | 2.75M | ||
| Investing Cash Flow | -857.32M | 184.03M | -1.48B | -1.85B | -859.92M | |
| Long-Term Debt Issued | 11.35B | 6.97B | 14.04B | 5.48B | 50.00M | |
| Total Debt Issued | 11.35B | 6.97B | 14.04B | 5.48B | 50.00M | |
| Long-Term Debt Repaid | -11.41B | -7.45B | -13.98B | -5.01B | -180.00M | |
| Total Debt Repaid | -11.41B | -7.45B | -13.98B | -5.01B | -180.00M | |
| Net Debt Issued (Repaid) | -60.00M | -480.00M | 55.00M | 465.00M | -130.00M | |
| Issuance of Common Stock | 2.61M | 2.93M | 3.49M | 3.72M | 3.56M | |
| Repurchase of Common Stock | -183.07M | -88.43M | -21.16M | -144.22M | -169.74M | |
| Common Dividends Paid | -93.80M | -97.97M | -98.64M | -100.95M | -99.32M | |
| Net Increase (Decrease) in Deposit Accounts | 1.21B | 361.00M | 820.04M | -128.80M | 1.95B | |
| Financing Cash Flow | 873.64M | -302.47M | 758.74M | 94.74M | 1.55B | |
| Net Cash Flow | 384.89M | 210.72M | -333.60M | -1.29B | 1.03B | |
| Free Cash Flow | 363.66M | 325.52M | 381.34M | 463.97M | 330.59M | |
| Free Cash Flow Margin | 48.80% | 47.02% | 48.64% | 59.79% | 49.46% | |
| Free Cash Flow Per Share | 5.24 | 4.50 | 5.23 | 6.21 | 4.21 | |
| Cash Interest Paid | 568.67M | 662.07M | 484.86M | 105.52M | 75.49M | |
| Cash Income Tax Paid | 55.82M | 56.17M | 70.33M | 96.88M | 92.69M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 4.26B | 3.29B | 3.39B | 3.24B | 3.04B | 3.32B |
| Last Close Price | 64.40 | 47.43 | 45.33 | 41.08 | 36.20 | 36.98 |
| PE Ratio | 11.87 | 10.45 | 11.85 | 9.14 | 8.42 | 11.13 |
| PS Ratio | 5.07 | 4.42 | 4.90 | 4.13 | 3.91 | 4.97 |
| PB Ratio | 1.39 | 1.12 | 1.19 | 1.18 | 1.23 | 1.36 |
| P/FCF Ratio | 7.97 | 9.05 | 10.41 | 8.49 | 6.54 | 10.04 |
| P/OCF Ratio | 7.86 | 8.93 | 10.30 | 8.42 | 6.50 | 9.93 |
| Debt / Equity Ratio | 0.10 | 0.07 | 0.09 | 0.27 | 0.29 | 0.08 |
| Debt / FCF Ratio | 0.54 | 0.80 | 1.96 | 1.53 | 0.58 | |
| Net Debt / Equity Ratio | 0.06 | -0.43 | -0.28 | -0.04 | -0.19 | -0.92 |
| Net Debt / FCF Ratio | -3.43 | -2.47 | -0.27 | -1.01 | -6.81 | |
| Return on Equity (ROE) | 12.24% | 10.92% | 10.25% | 13.59% | 14.66% | 12.26% |
| Return on Assets (ROA) | 1.47% | 1.33% | 1.24% | 1.57% | 1.68% | 1.49% |
| Earnings Yield | 8.42% | 9.57% | 8.44% | 10.94% | 11.88% | 8.98% |
| FCF Yield | 12.55% | 11.05% | 9.60% | 11.78% | 15.29% | 9.96% |
| Dividend Yield | 2.36% | 2.86% | 2.84% | 3.05% | 3.26% | 2.97% |
| Payout Ratio | 28.02% | 29.77% | 34.26% | 27.85% | 27.99% | 33.30% |
| Buyback Yield / Dilution | 4.25% | 3.98% | 0.73% | 2.41% | 4.97% | 1.51% |
| Total Shareholder Return | 6.61% | 6.83% | 3.58% | 5.47% | 8.23% | 4.48% |