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CATY

Cathay General Bancorp

CATY

Cathay General Bancorp • NASDAQ
$48.44 ▼ -1.40% (-0.69)
Market Cap $3.30 B
52w High $52.50
52w Low $36.06
Dividend Yield 1.02%
P/E 11.19
Volume 253.73K
Outstanding Shares 68.04M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $355.216M ▲ $88.117M ▼ $77.651M ▲ 21.86% ▼ $1.13 ▲ $97.789M ▼
Q2-2025 $338.309M ▲ $89.134M ▲ $77.45M ▲ 22.893% ▲ $1.11 ▲ $100.338M ▲
Q1-2025 $330.599M ▼ $85.656M ▲ $69.506M ▼ 21.024% ▼ $0.99 ▼ $90.827M ▲
Q4-2024 $345.455M ▼ $85.219M ▼ $80.201M ▲ 23.216% ▲ $1.13 ▲ $90.821M ▲
Q3-2024 $359.856M $96.867M $67.514M 18.761% $0.94 $82.319M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $2.213B ▲ $24.076B ▲ $21.173B ▲ $2.902B ▲
Q2-2025 $2.085B ▲ $23.724B ▲ $20.838B ▲ $2.886B ▲
Q1-2025 $1.966B ▲ $23.205B ▲ $20.34B ▲ $2.865B ▲
Q4-2024 $1.711B ▼ $23.055B ▼ $20.209B ▼ $2.846B ▲
Q3-2024 $2.847B $23.274B $20.444B $2.83B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $77.651M ▲ $150.596M ▲ $-309.05M ▲ $219.532M ▼ $61.078M ▲ $150.101M ▲
Q2-2025 $77.45M ▲ $63.952M ▼ $-646.303M ▼ $444.812M ▲ $-137.539M ▼ $62.69M ▼
Q1-2025 $69.506M ▼ $98.959M ▲ $145.215M ▲ $100.82M ▲ $344.994M ▲ $96.261M ▲
Q4-2024 $80.201M ▲ $86.82M ▲ $-80.907M ▼ $-305.158M ▼ $-299.245M ▼ $85.838M ▲
Q3-2024 $67.514M $81.248M $145.465M $7.051M $233.764M $80.043M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Fees and Services Charges on Deposit Account
Fees and Services Charges on Deposit Account
 $0 ▲$0 ▲$0 ▲$0 ▲
Other Service Fees
Other Service Fees
 $10.00M ▲$0 ▼$0 ▲$10.00M ▲
Wealth Management Fees
Wealth Management Fees
 $10.00M ▲$10.00M ▲$0 ▼$10.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Cathay General Bancorp has grown its revenue meaningfully over the past five years, showing that its core franchise continues to expand. Profitability, however, appears to have peaked recently and then eased: earnings were strongest in the middle of the period and have since come down even as revenue stayed solid. This points to some pressure on margins, likely from higher funding costs, competitive loan pricing, and normal credit-cycle dynamics. Overall, it looks like a well‑established earnings engine facing a more challenging environment than a few years ago, rather than a structural deterioration.

Balance Sheet

Balance Sheet The balance sheet shows steady growth in overall assets and a gradual build‑up of shareholder equity, which is what you would hope to see from a mature regional bank. Leverage has fluctuated, with borrowings rising for a time and then pulling back more recently, suggesting active balance-sheet management as conditions changed. Cash on hand is modest but typical for a bank that primarily uses deposits to fund loans. Taken together, the figures suggest a generally stable and conservatively run balance sheet, though still exposed to the usual interest‑rate and credit risks that all regional banks face.

Cash Flow

Cash Flow Cash generation from operations has been consistently positive and broadly in line with reported earnings, which supports the view that profits are largely backed by real cash. Free cash flow very closely tracks operating cash flow, reflecting the bank’s low need for traditional capital spending. This pattern is common for asset‑light financial institutions and indicates financial flexibility: management can direct cash toward dividends, buybacks, or strengthening capital, depending on the environment. The main caveat is that, as with any bank, cash flows remain sensitive to credit quality and funding conditions.

Competitive Edge

Competitive Edge Cathay’s core strength is its deep, long‑standing focus on the Chinese‑American community and related business networks. Its cultural understanding, language capabilities, and branch locations in key diaspora hubs create loyalty that is hard for generic national banks to copy. The bank also benefits from expertise in commercial and real estate lending for this niche, plus cross‑border ties to Asia. On the other hand, it still competes with much larger banks, online‑only players, and fintechs, all of which can pressure pricing and deposit retention. Its moat is strongest in relationship‑driven segments, less so where banking is largely digital and price‑driven.

Innovation and R&D

Innovation and R&D Innovation at Cathay is practical rather than flashy. The bank is steadily upgrading its digital infrastructure—online and mobile banking, remote deposit, payments, and small‑business invoicing through partners like Autobooks—to make it easier for customers to manage money without visiting a branch. It also uses modern cloud and analytics tools behind the scenes to monitor performance and efficiency. That said, it is not a technology pioneer; much of its edge still comes from relationships and specialization, not cutting‑edge apps. Future upside in innovation would likely come from richer digital wealth tools, better use of data and AI for personalization and risk management, and more seamless cross‑border digital services.

Summary

Cathay General Bancorp looks like a mature, niche regional bank with a durable franchise and solid long‑term growth in revenue, equity, and cash generation. The main recent development is that profit levels, while still healthy, have softened from prior highs, hinting at margin pressure in a tougher rate and competitive environment. Its core advantage lies in deep community ties and specialized lending, partially offset by exposure to the same funding, credit, and regulatory risks facing other regional banks. Continued investment in digital capabilities will be important to defend its niche as customer expectations and competitors keep shifting. Overall, the story is one of a stable, relationship‑driven bank navigating a more demanding cycle rather than a business undergoing fundamental change.

NEWS

November 20, 2025 · 9:15 PM UTC

Cathay General Bancorp Declares $0.34 Per Share Dividend

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November 10, 2025 · 4:29 PM UTC

Cathay Bank Participates in CFA Institute Research Challenge

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October 21, 2025 · 4:30 PM UTC

Cathay General Bancorp Announces Third Quarter 2025 Results

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October 2, 2025 · 4:30 PM UTC

Cathay General Bancorp to Announce Third Quarter 2025 Financial Results

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September 22, 2025 · 4:30 PM UTC

Albert J. Wang Appointed Deputy CFO of Cathay Bank

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