Sector: Financials | Industry: Banks |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 777 N BROADWAY LOS ANGELES CA 90012-2819 |
Tel: | 1-626-2793296 |
Website: | https://www.cathaybank.com |
IR: | See website |
Key People | ||
Dunson K. Cheng Executive Chairman of the Board of the Company and the Bank | Chang M. Liu President, Chief Executive Officer, Director of the Company and the Bank | Anthony M. Tang Vice Chairman of the Board of the Company and the Bank |
Peter Wu Vice Chairman of the Board of the Company and the Bank | Heng W. Chen Chief Financial Officer, Executive Vice President, Treasurer of the Company and Executive Vice President, Chief Financial Officer of the Bank | Kim R. Bingham Executive Vice President, Chief Risk Officer of the Bank | Albert Sun Chief Credit Officer of Cathay Bank |
Business Overview |
Cathay General Bancorp is the holding company of Cathay Bank, a California state-chartered commercial bank (the Bank). The Bank services individuals, professionals, and small to medium-sized businesses in the local markets in which its branches are located and provides commercial real estate loans, commercial loans, United States Small Business Administration loans, residential mortgage loans, real estate construction loans, home equity lines of credit, and installment loans to individuals for, household and other consumer expenditures. It offers products and services to businesses, such as checking and deposit, lines of credit, commercial and commercial real estate loans, merchant services and payment processing, treasury management services, international banking and financing services, and other customary banking services. It offers similar services that are available to consumers. It provides financial services to diverse commercial and professional businesses in its market areas. |
Financial Overview |
For the fiscal year ended 31 December 2023, Cathay General Bancorp interest income increased 46% to $1.24B. Net interest income after loan loss provision decreased less than 1% to $715.8M. Net income decreased 2% to $354.1M. Net interest income after loan loss provision reflects Loan receivable increase of 41% to $1.13B, Deposits with banks increase from $20M to $58.9M, also reflect Net Interest Margin. |
Employees: | 1,246 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $1,825M as of Dec 31, 2023 |
Annual revenue (TTM): | $1,242M as of Dec 31, 2023 |
EBITDA (TTM): | $445.14M as of Dec 31, 2023 |
Net annual income (TTM): | $354.12M as of Dec 31, 2023 |
Free cash flow (TTM): | $282.70M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 72,688,191 as of Mar 15, 2024 |
Index Membership: | S&P 600 Small Cap |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |