Cathay General Bancorp operates as the holding company for Cathay Bank that offers various commercial banking products and services to individuals, professionals, and small to medium-sized businesses in the United States. The company offers various deposit products, including passbook accounts, checking accounts, money market deposit accounts, certificates of deposit, individual retirement accounts, and public funds deposits. It also provides loan products, such as commercial mortgage loans, commercial loans, small business administration loans, residential mortgage loans, real estate construction loans, and home equity lines of credit, as well as installment loans to individuals for automobile, household, and other consumer expenditures. In addition, the company offers trade financing, letter of credit, wire transfer, forward currency spot and forward contract, traveler's check, safe deposit, night deposit, social security payment deposit, collection, bank-by-mail, drive-up and walk-up window, automatic teller machine, Internet banking, investment, and other customary bank services, as well as securities and insurance products. As of January 27, 2021, it operated 38 branches in California; 10 branches in New York; three branches in Illinois; four branches in Washington; two branches in Texas; and one each branch in Maryland, Massachusetts, Nevada, New Jersey, and Hong Kong, as well as a representative office in Beijing, Taipei, and Shanghai. The company was founded in 1962 and is headquartered in Los Angeles, California.
IPO Year:
Exchange: NASDAQ
Website: cathaygeneralbancorp.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/9/2024 | Equal-Weight → Overweight | Stephens | |
| 11/6/2023 | $31.00 | Neutral → Underweight | Piper Sandler |
| 7/14/2022 | $45.00 | Equal-Weight | Stephens |
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Cathay General Bancorp (NASDAQ:CATY), the holding company for Cathay Bank, announced that Mr. Kim R. Bingham will retire as Chief Risk Officer of Cathay Bank, effective January 21, 2025. Mr. Bingham will continue to serve Cathay Bank as Executive Vice President, Special Advisor to the Office of the President for a transition period that is anticipated to end on or about March 31, 2025, but will no longer be a designated executive officer of Cathay Bank. Succeeding Mr. Bingham is Ms. Diana Deen, who will join Cathay Bank as Executive Vice President and Chief Risk Officer effective January 21, 2025, and will be a designated executive officer of Cathay Bank. Diana Deen, age 62, has over 20
Cathay General Bancorp (the "Company", "we", "us", or "our") (NASDAQ:CATY), the holding company for Cathay Bank, today announced its unaudited financial results for the quarter ended March 31, 2025. The Company reported net income of $69.5 million, or $0.98 per diluted share, for the first quarter of 2025. FINANCIAL PERFORMANCE Three months ended (unaudited) March 31, 2025 December 31, 2024 March 31, 2024 Net income $69.5 million $ 80.2 million $71.4 million Basic earnings per common share $ 0.99 $ 1.13 $ 0.98 Diluted earnings per common share $ 0.98 $ 1.12 $ 0.98 Return on average assets 1.22%
Cathay General Bancorp (NASDAQ:CATY), the holding company for Cathay Bank, is scheduled to announce its first quarter 2025 financial results after the markets close on Monday, April 21, 2025. Cathay General Bancorp has scheduled a conference call as set forth below. Analysts and investors may participate in the question-and-answer session. Conference Call and Webcast Information: Date: Monday, April 21, 2025 Time: 3:00 p.m. Pacific Time (6:00 p.m. Eastern Time) Duration: 1 hour Dial-In Number: (833) 816-1377 Conference ID: 10198304 Participants should join the live conference call 5 to 10 minutes before its scheduled start. Webcast Access: A listen-only li
Cathay General Bancorp (NASDAQ:CATY) announced that its Board of Directors declared a cash dividend of thirty-four cents per common share, payable on March 10, 2025, to stockholders of record at the close of business on February 27, 2025. ABOUT CATHAY GENERAL BANCORP Cathay General Bancorp (NASDAQ:CATY) is the holding company for Cathay Bank, a California state-chartered bank. Cathay General Bancorp's website is at www.cathaygeneralbancorp.com. Founded in 1962, Cathay Bank offers a wide range of financial services and currently operates over 60 branches across the nation in California, New York, Washington, Texas, Illinois, Massachusetts, Maryland, Nevada, and New Jersey. Overseas, it h
In response to the devastating wildfires impacting Southern California, Cathay Bank, through the Cathay Bank Foundation, raised $600,000 in philanthropic donations in support of relief efforts. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250207821455/en/Cathay Bank and Cathay Bank Foundation presented a $600,000 check to representatives from local nonprofits who will benefit from the funds raised for the California Wildfire Recovery. (Photo: Business Wire) "We are deeply committed to supporting our communities. This disaster is personal to us. Southern California has been our home for more than six decades. Los Angeles is our
Cathay General Bancorp (the "Company," "we," "us," or "our") (NASDAQ:CATY), the holding company for Cathay Bank, today announced its unaudited financial results for the quarter and year ended December 31, 2024. The Company reported net income of $286.0 million, or $3.95 per diluted share, for the year ended December 31, 2024 and net income of $80.2 million, or $1.12 per diluted share, for the fourth quarter of 2024. FINANCIAL PERFORMANCE Three months ended Year ended December 31, (unaudited) December 31, 2024 September 30, 2024 December 31, 2023 2024 2023 Net income $80.2 million $ 67.5 million $82.5 million $286.0 million $354.1 milli
Cathay General Bancorp (NASDAQ:CATY), the holding company for Cathay Bank, announced that Mr. Kim R. Bingham will retire as Chief Risk Officer of Cathay Bank, effective January 21, 2025. Mr. Bingham will continue to serve Cathay Bank as Executive Vice President, Special Advisor to the Office of the President for a transition period that is anticipated to end on or about March 31, 2025, but will no longer be a designated executive officer of Cathay Bank. Succeeding Mr. Bingham is Ms. Diana Deen, who will join Cathay Bank as Executive Vice President and Chief Risk Officer effective January 21, 2025, and will be a designated executive officer of Cathay Bank. Diana Deen, age 62, has over 20
Cathay General Bancorp (NASDAQ:CATY), the holding company for Cathay Bank, is scheduled to announce its fourth quarter and full year 2024 financial results after the markets close on Wednesday, January 22, 2025. Cathay General Bancorp has scheduled a conference call as set forth below. Analysts and investors may participate in the question-and-answer session. Conference Call and Webcast Information: Date: Wednesday, January 22, 2025 Time: 3:00 p.m. Pacific Time (6:00 p.m. Eastern Time) Duration: 1 hour Dial-In Number: (833) 816-1377 Conference ID: 10195683 Participants should join the live conference call 5 to
Cathay General Bancorp (NASDAQ:CATY) announced that its Board of Directors declared a cash dividend of thirty-four cents per common share, payable on December 9, 2024, to stockholders of record at the close of business on November 27, 2024. ABOUT CATHAY GENERAL BANCORP Cathay General Bancorp is a publicly traded company (NASDAQ:CATY) and is the holding company for Cathay Bank, a state-chartered bank. Cathay General Bancorp's website is at www.cathaygeneralbancorp.com. Founded in 1962, Cathay Bank offers a wide range of financial services and currently operate over 60 branches across the United States in California, New York, Washington, Texas, Illinois, Massachusetts, Maryland, Nevada,
Cathay General Bancorp (the "Company", "we", "us", or "our") (NASDAQ:CATY), the holding company for Cathay Bank, today announced its unaudited financial results for the quarter ended September 30, 2024. The Company reported net income of $67.5 million, or $0.94 per diluted share, for the third quarter of 2024. FINANCIAL PERFORMANCE Three months ended (unaudited) September 30, 2024 June 30, 2024 September 30, 2023 Net income $ 67.5 million $ 66.8 million $ 82.4 million Basic earnings per common share $0.94 $0.92 $1.14 Diluted earnings per common share $0.94 $0.92 $1.13 Return on average assets 1.15% 1.15% 1.42% Return on a
Cathay General Bancorp (NASDAQ:CATY), the holding company for Cathay Bank, is scheduled to announce its third quarter 2024 financial results after the markets close on Monday, October 21, 2024. Cathay General Bancorp has scheduled a conference call as set forth below. Analysts and investors may participate in the question-and-answer session. Conference Call and Webcast Information: Date: Monday, October 21, 2024 Time: 3:00 p.m. Pacific Time (6:00 p.m. Eastern Time) Duration: 1 hour Dial-In Number: (833) 816-1377 Conference ID: 10193436 Participants should join the live conference call 5 to 10 minutes before its scheduled start. Webcast
Cathay General Bancorp (the "Company", "we", "us", or "our") (NASDAQ:CATY), the holding company for Cathay Bank, today announced its unaudited financial results for the quarter ended March 31, 2025. The Company reported net income of $69.5 million, or $0.98 per diluted share, for the first quarter of 2025. FINANCIAL PERFORMANCE Three months ended (unaudited) March 31, 2025 December 31, 2024 March 31, 2024 Net income $69.5 million $ 80.2 million $71.4 million Basic earnings per common share $ 0.99 $ 1.13 $ 0.98 Diluted earnings per common share $ 0.98 $ 1.12 $ 0.98 Return on average assets 1.22%
Cathay General Bancorp (NASDAQ:CATY), the holding company for Cathay Bank, is scheduled to announce its first quarter 2025 financial results after the markets close on Monday, April 21, 2025. Cathay General Bancorp has scheduled a conference call as set forth below. Analysts and investors may participate in the question-and-answer session. Conference Call and Webcast Information: Date: Monday, April 21, 2025 Time: 3:00 p.m. Pacific Time (6:00 p.m. Eastern Time) Duration: 1 hour Dial-In Number: (833) 816-1377 Conference ID: 10198304 Participants should join the live conference call 5 to 10 minutes before its scheduled start. Webcast Access: A listen-only li
Cathay General Bancorp (NASDAQ:CATY) announced that its Board of Directors declared a cash dividend of thirty-four cents per common share, payable on March 10, 2025, to stockholders of record at the close of business on February 27, 2025. ABOUT CATHAY GENERAL BANCORP Cathay General Bancorp (NASDAQ:CATY) is the holding company for Cathay Bank, a California state-chartered bank. Cathay General Bancorp's website is at www.cathaygeneralbancorp.com. Founded in 1962, Cathay Bank offers a wide range of financial services and currently operates over 60 branches across the nation in California, New York, Washington, Texas, Illinois, Massachusetts, Maryland, Nevada, and New Jersey. Overseas, it h
Cathay General Bancorp (the "Company," "we," "us," or "our") (NASDAQ:CATY), the holding company for Cathay Bank, today announced its unaudited financial results for the quarter and year ended December 31, 2024. The Company reported net income of $286.0 million, or $3.95 per diluted share, for the year ended December 31, 2024 and net income of $80.2 million, or $1.12 per diluted share, for the fourth quarter of 2024. FINANCIAL PERFORMANCE Three months ended Year ended December 31, (unaudited) December 31, 2024 September 30, 2024 December 31, 2023 2024 2023 Net income $80.2 million $ 67.5 million $82.5 million $286.0 million $354.1 milli
Cathay General Bancorp (NASDAQ:CATY), the holding company for Cathay Bank, is scheduled to announce its fourth quarter and full year 2024 financial results after the markets close on Wednesday, January 22, 2025. Cathay General Bancorp has scheduled a conference call as set forth below. Analysts and investors may participate in the question-and-answer session. Conference Call and Webcast Information: Date: Wednesday, January 22, 2025 Time: 3:00 p.m. Pacific Time (6:00 p.m. Eastern Time) Duration: 1 hour Dial-In Number: (833) 816-1377 Conference ID: 10195683 Participants should join the live conference call 5 to
Cathay General Bancorp (NASDAQ:CATY) announced that its Board of Directors declared a cash dividend of thirty-four cents per common share, payable on December 9, 2024, to stockholders of record at the close of business on November 27, 2024. ABOUT CATHAY GENERAL BANCORP Cathay General Bancorp is a publicly traded company (NASDAQ:CATY) and is the holding company for Cathay Bank, a state-chartered bank. Cathay General Bancorp's website is at www.cathaygeneralbancorp.com. Founded in 1962, Cathay Bank offers a wide range of financial services and currently operate over 60 branches across the United States in California, New York, Washington, Texas, Illinois, Massachusetts, Maryland, Nevada,
Cathay General Bancorp (the "Company", "we", "us", or "our") (NASDAQ:CATY), the holding company for Cathay Bank, today announced its unaudited financial results for the quarter ended September 30, 2024. The Company reported net income of $67.5 million, or $0.94 per diluted share, for the third quarter of 2024. FINANCIAL PERFORMANCE Three months ended (unaudited) September 30, 2024 June 30, 2024 September 30, 2023 Net income $ 67.5 million $ 66.8 million $ 82.4 million Basic earnings per common share $0.94 $0.92 $1.14 Diluted earnings per common share $0.94 $0.92 $1.13 Return on average assets 1.15% 1.15% 1.42% Return on a
Cathay General Bancorp (NASDAQ:CATY), the holding company for Cathay Bank, is scheduled to announce its third quarter 2024 financial results after the markets close on Monday, October 21, 2024. Cathay General Bancorp has scheduled a conference call as set forth below. Analysts and investors may participate in the question-and-answer session. Conference Call and Webcast Information: Date: Monday, October 21, 2024 Time: 3:00 p.m. Pacific Time (6:00 p.m. Eastern Time) Duration: 1 hour Dial-In Number: (833) 816-1377 Conference ID: 10193436 Participants should join the live conference call 5 to 10 minutes before its scheduled start. Webcast
Cathay General Bancorp (NASDAQ:CATY) announced that its Board of Directors declared a cash dividend of thirty-four cents per common share, payable on September 9, 2024, to stockholders of record at the close of business on August 29, 2024. ABOUT CATHAY GENERAL BANCORP Cathay General Bancorp is a publicly traded company (NASDAQ:CATY) and is the holding company for Cathay Bank, a state-chartered bank. Cathay General Bancorp's website is at www.cathaygeneralbancorp.com. Founded in 1962, Cathay Bank offers a wide range of financial services and currently operate over 60 branches across the United States in California, New York, Washington, Texas, Illinois, Massachusetts, Maryland, Nevada, a
Cathay General Bancorp (the "Company", "we", "us", or "our") (NASDAQ:CATY), the holding company for Cathay Bank, today announced its unaudited financial results for the quarter ended June 30, 2024. The Company reported net income of $66.8 million, or $0.92 per share, for the second quarter of 2024. The second quarter net income included $4.1 million or $0.04 per diluted share from accelerated amortization of solar tax credit investments, which were previously forecasted to be amortized in the second half of 2024 and $1.4 million or $0.01 per diluted share mark-to-market loss from equity securities held by the Company. FINANCIAL PERFORMANCE Three months ended (unaudited) June 30, 202
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Stephens upgraded Cathay Bancorp from Equal-Weight to Overweight
Piper Sandler downgraded Cathay Bancorp from Neutral to Underweight and set a new price target of $31.00
Stephens initiated coverage of Cathay Bancorp with a rating of Equal-Weight and set a new price target of $45.00
Truist resumed coverage of Cathay Bancorp with a rating of Hold and set a new price target of $41.00 from $38.00 previously
Piper Sandler reiterated coverage of Cathay General Bancorp with a rating of Neutral and set a new price target of $47.00 from $37.00 previously
Truist reiterated coverage of Cathay General Bancorp with a rating of and set a new price target of $38.00 from $33.00 previously