Last $25.00 USD
Change Today +0.10 / 0.40%
Volume 224.2K
CATY On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 8:10 PM 10/24/14 All times are local (Market data is delayed by at least 15 minutes).

cathay general bancorp (CATY) Snapshot

Open
$24.90
Previous Close
$24.90
Day High
$25.13
Day Low
$24.81
52 Week High
12/2/13 - $27.94
52 Week Low
02/3/14 - $22.70
Market Cap
2.0B
Average Volume 10 Days
452.9K
EPS TTM
$1.70
Shares Outstanding
79.7M
EX-Date
08/28/14
P/E TM
14.7x
Dividend
$0.28
Dividend Yield
0.96%
Current Stock Chart for CATHAY GENERAL BANCORP (CATY)

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cathay general bancorp (CATY) Details

Cathay General Bancorp operates as the holding company for Cathay Bank, which offers various commercial banking products and services for individuals, professionals, and small to medium-sized businesses in the United States. It offers various deposit products, including passbook accounts, checking accounts, money market deposit accounts, certificates of deposit, individual retirement accounts, college certificates of deposit, and public funds deposits. The company’s loan portfolio consists of 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, it provides trade financing, letters of credit, wire transfers, forward currency spot and forward contracts, traveler’s checks, safe deposit, night deposit, social security payment deposit, collection, bank-by-mail, drive-up and walk-up windows, automatic teller machines, Internet banking, investment, and other customary bank services, as well as securities and insurance products. As of April 16, 2014, the company operated 32 branches in California; 9 branches in New York State; 1 in Massachusetts; 2 in Texas; 3 in Washington State; 3 in the Chicago, Illinois area; 1 in New Jersey; 1 in Nevada; 1 in Hong Kong; and a representative office in Shanghai and in Taipei. Cathay General Bancorp was founded in 1990 and is based in Los Angeles, California.

1,132 Employees
Last Reported Date: 03/3/14
Founded in 1990

cathay general bancorp (CATY) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $2.1M
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $586.8K
Chief Lending Officer of Cathay Bank and Exec...
Total Annual Compensation: $512.0K
Chief Retail Administration & Regulatory Affa...
Total Annual Compensation: $449.9K
Compensation as of Fiscal Year 2013.

cathay general bancorp (CATY) Key Developments

Cathay General Bancorp Provides Effective Tax Rate Guidance for the Fourth Quarter of 2014

Cathay General Bancorp announced that it expects the fourth quarter of 2014 effective tax rate to be approximately 37.3%.

Cathay General Bancorp Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Cathay General Bancorp reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net income available to common stockholders of $35.9 million, an increase of $5.9 million, or 19.5%, compared to $30.0 million for the same quarter a year ago. Diluted earnings per share available to common stockholders were $0.45 compared to $0.38 for the same quarter a year ago due primarily to an increase in net interest income, a higher negative provision for credit losses in 2014, a decrease in the cost associated with debt redemption and the elimination of preferred stock dividends, which were partially offset by a decrease in securities gains. Return on average stockholders equity was 9.14% and return on average assets was 1.27% compared to a return on average stockholders' equity of 8.37% and a return on average assets of 1.22% for the same quarter a year ago. Net interest income before provision for credit losses increased $4.2 million, or 5.0%, to $86.8 million compared to $82.6 million during the same quarter a year ago. The increase was due primarily to the increase in loan interest income and the decrease in interest expense from securities sold under agreements to repurchase, offset by the decrease in interest income from available-for-sale securities. Net interest income after provision for credit losses was $91.855 million against $85.608 million a year ago. Income before income tax expense was $58.222 million against $51.658 million a year ago. Total interest and dividend income was $106.335 million against $102.462 million a year ago. For the nine months, the company’s net income attributable to common stockholders was $102.3 million, an increase of $20.7 million, or 25.4%, compared to $81.6 million for the same period a year ago, due primarily to increases in net interest income, a higher negative provision for credit losses, decreases in costs associated with debt redemption, decreases in amortization of core deposit premiums, decrease in professional services expense, and decreases in OREO expense partially offset by decreases in gains on sale of securities, increases in salaries and incentive compensation expense, and higher FDIC and state assessments. Diluted earnings per share attributable to common stockholders were $1.28 compared to $1.03 for the same period a year ago. Return on average stockholders' equity was 8.98% and return on average assets was 1.25% compared to a return on average stockholders' equity of 7.78% and a return on average assets of 1.16% for the same period of 2013. Net interest income before provision for credit losses was $255.030 million against $242.734 million a year ago. Net interest income after provision for credit losses was $263.830 million against $245.734 million a year ago. Income before income tax expense was $163.196 million against $144.182 million a year ago. Total interest and dividend income was $312.604 million against $305.375 million a year ago. Book value per common share as at September 30, 2014 was $19.62 against $18.24 a year ago.

Cathay General Bancorp to Report Q3, 2014 Results on Oct 21, 2014

Cathay General Bancorp announced that they will report Q3, 2014 results at 6:00 PM, US Eastern Standard Time on Oct 21, 2014

 

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Industry Analysis

CATY

Industry Average

Valuation CATY Industry Range
Price/Earnings 14.8x
Price/Sales 5.1x
Price/Book 1.3x
Price/Cash Flow 14.8x
TEV/Sales 1.4x
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