Cathay: Fourth Quarter Earnings Overview

Cathay General Bancorp Announces Fourth Quarter Financial Results

Cathay General Bancorp, headquartered in Los Angeles, revealed a net profit of $90.5 million for the fourth quarter.

The company reported earnings of $1.33 per share during this period.

As the parent company of Cathay Bank, it achieved total revenue of $360.6 million for the quarter. After accounting for interest expenses, net revenue reached $222.8 million, surpassing analysts’ expectations.

Looking at the full year, Cathay General Bancorp recorded a total profit of $315.1 million, translating to $4.54 per share, with annual revenue amounting to $817.9 million.

Financial data for this article was compiled by Automated Insights, utilizing information from Zacks Investment Research.