Cathay General Bancorp

Country

United States

Sector

Financial Services

Industry

Banks - Regional

Employees

1,266

Ticker

CATY

Exchange

NASDAQ/NGS

Website

www.cathaybank.com

Description

Cathay General Bancorp is a bank holding company that primarily serves the Chinese-American community and other diverse communities in the United States. The main function of Cathay General Bancorp is... Show more

Financial Statements of Cathay General Bancorp

Below are the financial statements of Cathay General Bancorp, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.

Income Statement (as reported) Balance Sheet (as reported)

All figures in millions of USD	2024	2023	2022
Interest and dividend income	—	—	—
Loan receivable	1,217.17^a	1,130.24^a	801.98^a
Investment securities	59.31^a	51.72^a	28.24^a
Federal home loan bank stock	1.68^a	1.35^a	1.1^a
Deposits with banks	56.82^a	58.91^a	19.96^a
Total interest and dividend income	1,334.98^a	1,242.22^a	851.28^a
Interest expense	—	—	—
Time deposits	-458.49^a	-332^a	-56.35^a
Other deposits	-177.78^a	-135.97^a	-48.94^a
Advances from the federal home loan bank	-14.28^a	-22.16^a	-5.88^a
Long-term debt	-8.13^a	-6.48^a	-5.55^a
Short-term borrowings	-2.24^a	-3.87^a	-0.86^a
Total interest expense	-660.92^a	-500.48^a	-117.58^a
Net interest income before provision for credit losses	674.06^a	741.75^a	733.7^a
Provision for credit losses	-37.5^a	-25.98^a	-14.54^a
Net interest income after provision for credit losses	636.56^a	715.77^a	719.15^a
Non-interest income	—	—	—
Net (losses)/gains from equity securities	-7.52^a	18.25^a	0.39^a
Net gains/(losses) from securities available for sale	1.11^a	-3^a	0^a
Letters of credit commissions	7.75^a	6.72^a	6.35^a
Depository service fees	6.57^a	6.43^a	6.52^a
Wealth management fees	24.06^a	17.51^a	16.44^a
Other operating income	23.7^a	22.39^a	27.11^a
Total non-interest income	55.66^a	68.29^a	56.81^a
Non-interest expense	—	—	—
Salaries and employee benefits	-167.38^a	-154.15^a	-142.55^a
Occupancy expense	-23.28^a	-22.27^a	-22.81^a
Computer and equipment expense	-20.14^a	-17.48^a	-13.6^a
Professional services expense	-30.99^a	-32.49^a	-28.24^a
Data processing service expense	-16.37^a	-14.73^a	-13.18^a
FDIC and state assessments	-14.28^a	-23.59^a	-8.04^a
Marketing expense	-6.52^a	-5.89^a	-6.86^a
Other real estate owned expense	-2.7^a	-0.76^a	-0.13^a
Amortization of investments in low income housing and alternative energy partnerships	-72.63^a	-86.62^a	-42.07^a
Amortization of core deposit premium	-1.1^a	-1.31^a	-1.89^a
Acquisition, integration and reorganization costs	0^a	-0.67^a	-4.13^a
Other operating expense	-19.3^a	-20.53^a	-19.95^a
Total non-interest expense	-374.68^a	-380.48^a	-303.43^a
Income before income tax expense	317.54^a	403.58^a	472.54^a
Income tax expense	-31.56^a	-49.46^a	-111.89^a
Net income	285.98^a	354.12^a	360.64^a

Verified Sources Behind Cathay General Bancorp’s Financial Fundamentals Data

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a. Cathay General Bancorp's Annual Report 2024

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b. Cathay General Bancorp's 10-K 2024

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Cathay General Bancorp

Financial Statements of Cathay General Bancorp

Verified Sources Behind Cathay General Bancorp’s Financial Fundamentals Data

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