Cathay General Bancorp (OQ:CATY)

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
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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

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