Cathay General Bancorp reports results for the quarter ended March 31 - Earnings Summary

Cathay General Bancorp

21/04/2025 22:02

Cathay General Bancorp CATY.OQ reported quarterly adjusted earnings of 98 cents​​ per share for the quarter ended March 31, identical to the same quarter last year.  The mean expectation of five analysts for the quarter was for earnings of 95 cents per share. Wall Street expected results to range from 89 cents to $1.02 per share.

Revenue rose 7.2% to $187.84 million from a year ago; analysts expected $186.16 million.

Cathay General Bancorp's reported EPS for the quarter was 98 cents​.

The company reported quarterly net income of $69.51 million.

Cathay General Bancorp shares had fallen by 10.2% this quarter and lost 18.9% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 1.6% in the last three months.​

In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

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 also "buy"

Wall Street's median 12-month price target for Cathay General Bancorp is $51.00

This summary was machine generated from LSEG data April 21 at 09:02 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

QUARTER ENDING
ESTIMATE
ACTUAL
BEAT, MET, MISSED
Mar. 31 2025
0.95
0.98
Beat
Dec. 31 2024
1.10
1.12
Beat
Sep. 30 2024
0.95
0.94
Missed
Jun. 30 2024
0.94
0.92
Missed