Profile
Sector:
Financial ServicesIndustry:
Banks - RegionalCountry:
United StatesIPO:
14 December 1990Next earnings report:
24 July 2024Last dividends:
30 May 2024Next dividends:
N/APrice
after hours | Mon, 01 Jul 2024 20:20:44 GMTAnalysts recommendations
Institutional Ownership
Included in screeners
CATY Latest News
Cathay General (CATY) announces a new share repurchase program worth $125 million, with no set expiration date. Its strong liquidity position is expected to help sustain the capital distribution.
In addition to analyzing Wall Street's forecasts for Cathay (CATY), it is important to also examine projections for other important metrics in order to better assess the company's performance in the first quarter of 2024.
Cathay (CATY) lacks the necessary elements for a potential earnings beat in its upcoming report. Be ready with the key expectations.
Cathay General Bancorp (CATY) Q4 2023 Earnings Call Transcript
Although the revenue and EPS for Cathay (CATY) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Cathay General (CATY) came out with quarterly earnings of $1.25 per share, beating the Zacks Consensus Estimate of $1.10 per share. This compares to earnings of $1.33 per share a year ago.
Evaluate the expected performance of Cathay (CATY) for the quarter ended December 2023, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Cathay General Bancorp has experienced a decline of 12% YTD and the banking crisis at the beginning of the year has not been fully resolved. The composition of deposits at Cathay has changed dramatically, with non-interest-bearing demand deposits decreasing and expensive time deposits increasing. The net interest margin has dropped by 45 basis points from last year, but is still higher than the average of peers. The net interest margin is expected to be between 3.45%-3.50% in the next quarter.
Cathay General Bancorp (CATY) Q3 2023 Earnings Call Transcript
Cathay General (CATY) came out with quarterly earnings of $1.13 per share, beating the Zacks Consensus Estimate of $1.12 per share. This compares to earnings of $1.35 per share a year ago.
What type of business is Cathay General Bancorp?
Cathay General Bancorp operates as a bank holding company, whose subsidiary provides banking services. The company offers various deposit products, including deposit accounts, checking accounts, money market deposit accounts, deposit certificates, individual retirement accounts, and investments in government funds. As of October 26, 2020, the company operated 38 branches in California; 10 branches in New York; 3 branches in Illinois; 4 branches in Washington; 2 branches in Texas; and one branch each in Maryland, Massachusetts, Nevada, New Jersey, and Hong Kong, as well as one representative office in Beijing, Taipei, and Shanghai. The company was founded in 1962, with its headquarters in Los Angeles, California.
What sector is Cathay General Bancorp in?
Cathay General Bancorp is in the Financial Services sector
What industry is Cathay General Bancorp in?
Cathay General Bancorp is in the Banks - Regional industry
What country is Cathay General Bancorp from?
Cathay General Bancorp is headquartered in United States
When did Cathay General Bancorp go public?
Cathay General Bancorp initial public offering (IPO) was on 14 December 1990
What is Cathay General Bancorp website?
https://www.cathaygeneralbancorp.com
Is Cathay General Bancorp in the S&P 500?
No, Cathay General Bancorp is not included in the S&P 500 index
Is Cathay General Bancorp in the NASDAQ 100?
No, Cathay General Bancorp is not included in the NASDAQ 100 index
Is Cathay General Bancorp in the Dow Jones?
No, Cathay General Bancorp is not included in the Dow Jones index
When does Cathay General Bancorp report earnings?
The next expected earnings date for Cathay General Bancorp is 24 July 2024