Cathay General Bancorp Q1 profit falls sequentially

Cathay General Bancorp

22/04/2026 21:08

Overview

U.S. regional bank's Q1 net income and EPS declined from Q4, but rose yr/yr

Net interest margin improved to 3.43% from 3.36% in prior qtr

Company completed $150 mln buyback, board approved new $150 mln program pending regulatory nod

Outlook

Company says it is prioritizing credit quality over loan growth amid geopolitical uncertainty

Result Drivers

NET INTEREST MARGIN - Margin improved as deposit costs fell more than loan yields, per co

DISCIPLINED LOAN GROWTH - Loan growth was minimal as co prioritized credit quality over volume amid uncertainty, per CEO

NON-INTEREST INCOME DROP - Non-interest income fell due to a $15.7 mln impairment loss on investment securities, partly offset by equity gains

Company press release: ID:nBw6lCHz8a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
$1.29
Q1 Net Income
$86.90 mln
Q1 Net Interest Margin (%)
3.43%


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 3 "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 $55.00, about 2.7% above its April 21 closing price of $53.56

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 9 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)