Cathay General Bancorp's Q3 net income rises on deposit growth

Cathay General Bancorp

21/10/2025 21:40

Corrects second bullet of Overview section to specify net interest income is before provision for credit losses; corrects Key Details table to specify net interest income is before provision for credit losses and corresponding number to $189.6 mln

Overview

Cathay General Bancorp Q3 net income rises to $77.7 mln, EPS at $1.13

Net interest income before provision for credit losses increases by $8.4 mln, driven by higher loan interest rates

Company repurchased 1.07 mln shares, totaling $50.1 mln

Outlook

Company did not provide specific guidance for future quarters or full year in press release

Result Drivers

NET INTEREST INCOME - Increase in net interest income driven by higher interest rates on loans and securities, despite increased deposit expenses

LOAN AND DEPOSIT GROWTH - Total loans and deposits increased, with notable growth in residential mortgage and commercial real estate loans

CREDIT LOSS PROVISION - Significant increase in provision for credit losses due to additional reserves for specific loans and CECL model changes

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
$1.13
Q3 Net Income
$77.70 mln
Q3 Net interest income before provision for credit losses
$189.6 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy"

Wall Street's median 12-month price target for Cathay General Bancorp is $51.00, about 7.8% above its October 20 closing price of $47.00

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release: ID:nBw8dWrJja

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 (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)