Cathay General Bancorp Announces First Quarter 2024 Results [Yahoo! Finance]
Cathay General Bancorp (CATY)
Last cathay general bancorp earnings: 4/27 04:30 pm
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US:NASDAQ Investor Relations:
cathaybank.com/cathay-general/home
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Source: Yahoo! Finance
Cathay Bank, today announced its unaudited financial results for the quarter ended March 31, 2024. The Company reported net income of $71.4 million, or $0.98 per share, for the first quarter of 2024. The first quarter net income included a $9.0 million or $0.09 per diluted share mark-to market loss from equity securities held by the Company and a $2.9 million or $0.03 per diluted share accrual for an increase in the FDIC special assessment. FINANCIAL PERFORMANCE Three months ended (unaudited) March 31, 2024 December 31, 2023 March 31, 2023 Net income $ 71.4 million $82.5 million $ 96.0 million Basic earnings per common share Diluted earnings per common share Return on average assets Return on average total stockholders' equity Efficiency ratio FIRST QUARTER HIGHLIGHTS Total deposits increased by $520.8 million, or 10.8% annualized, to $19.85 billion in the first quarter of 2024. Net interest margin decreased to 3.05% in the first quarter of 2024 fro
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CATY
News
- Cathay General Bancorp First Quarter 2024 Earnings: Revenues Disappoint [Yahoo! Finance]Yahoo! Finance
- Cathay General Bancorp (NASDAQ: CATY) had its price target lowered by analysts at Truist Financial Co. from $40.00 to $38.00. They now have a "hold" rating on the stock.MarketBeat
- Cathay General Bancorp Just Missed Revenue By 6.6%: Here's What Analysts Think Will Happen Next [Yahoo! Finance]Yahoo! Finance
- Cathay General Bancorp (NASDAQ: CATY) had its price target lowered by analysts at Keefe, Bruyette & Woods from $46.00 to $41.00. They now have a "market perform" rating on the stock.MarketBeat
- Cathay General Bancorp (NASDAQ: CATY) had its "outperform" rating re-affirmed by analysts at Wedbush. They now have a $44.00 price target on the stock.MarketBeat
CATY
Earnings
- 4/22/24 - Miss
CATY
Sec Filings
- 4/22/24 - Form 8-K
- 4/16/24 - Form 4
- 4/16/24 - Form 4
- CATY's page on the SEC website