Cathay General Bancorp: Mid-50% LTV Ratio Across All Real Estate Loans Is Attractive [Seeking Alpha]
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
Company Research
Source: Seeking Alpha
Try MediaIntroductionWhen I last discussed Cathay General Bancorp (NASDAQ:CATYI liked the bank's low LTV ratioon California and New York). Of course, a lot has happened since that last article. Russia invaded Ukraine, interest rates have been hiked, and the economy is shrinking. While the share price is down just about 10% since my previous article, this is an opportune time to have a look at how the bank performed in the first semester.CATY data by YChartsThe EPS remains strong thanks to low loan loss provisionsLooking at the Q2 results, the very first thing you see is the massive increase in the net interest income. We see an increase in excess of $17.5M in the interest income, while the total interest expenses increased by just over $1.5M. This caused the net interest income to increase by more than10% to just over $175MCathay General Bancorp Investor RelationsOn the other hand, Cathay saw its net non-interest expenses increase from $52M to just under $60M. That's mainly due to the
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CATY
News
- Cathay (CATY) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates [Yahoo! Finance]Yahoo! Finance
- Cathay General Bancorp Announces First Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- Cathay General Bancorp Announces First Quarter 2024 ResultsBusiness Wire
- Curious about Cathay (CATY) Q1 Performance? Explore Wall Street Estimates for Key Metrics [Yahoo! Finance]Yahoo! Finance
- Cathay General Bancorp (NASDAQ: CATY) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.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