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Last $28.35 USD
Change Today -0.48 / -1.66%
Volume 319.9K
CATY On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 04/17/15 All times are local (Market data is delayed by at least 15 minutes).

cathay general bancorp (CATY) Key Developments

Cathay General Bancorp Declares Dividend, Payable on March 12, 2015

Cathay General Bancorp announced that its Board of Directors declared a cash dividend of ten cents per common share payable on March 12, 2015, to stockholders of record at the close of business on March 2, 2015.

Cathay General Bancorp Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2014

Cathay General Bancorp reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company's income before income tax expense was $56.599 million against $49.988 million a year ago. Net income available to common stockholders was $35.578 million or $0.44 per basic and diluted share compared to $31.902 million or $0.40 per basic and diluted share for the same quarter a year ago, due primarily to an increase in net interest income and a higher negative provision for credit losses in 2014. Net interest income after provision for credit losses was $89.751 million against $81,962 million a year ago. Return on average stockholders' equity was 8.86% and return on average assets was 1.27% for the quarter ended December 31, 2014, compared to a return on average stockholders' equity of 8.70% and a return on average assets of 1.19% for the same quarter a year ago. For the full year, the company reported net interest income before provision for credit losses of $353.581 million against $324.696 million a year ago. Income before income tax expense was $219.795 million against $194.170 million a year ago. Net income attributable to common stockholders was $137.830 million or $1.72 per diluted share compared $113.458 million or $1.43 per diluted share for the same period a year ago. Return on average stockholders' equity was 8.95% and return on average assets was 1.26% for the year ended December 31, 2014, compared to a return on average stockholders' equity of 8.00% and a return on average assets of 1.17% for the year ended December 31, 2013. The efficiency ratio for the year ended December 31, 2014, was 45.48% compared to 50.35% for the year ended December 31, 2013. For the fourth quarter ended December 31, 2014, the company reported net charge-offs of $5.778 million against $8.274 million a year ago.

Cathay General Bancorp Presents at Keefe, Bruyette & Woods Boston Regional Bank Conference, Feb-25-2015 08:00 AM

Cathay General Bancorp Presents at Keefe, Bruyette & Woods Boston Regional Bank Conference, Feb-25-2015 08:00 AM. Venue: The Langham Hotel, 250 Franklin Street, Boston, MA 02110, United States. Speakers: Heng W. Chen, Chief Financial Officer, Principal Accounting Officer, Executive Vice President, Treasurer, Chief Financial Officer of Cathay Real Estate Investment Trust, Chief Financial Officer of Cathay Bank, Executive Vice President of Cathay Bank and Vice President of Cathay Real Estate Investment.

Cathay General Bancorp to Report Q4, 2014 Results on Jan 21, 2015

Cathay General Bancorp announced that they will report Q4, 2014 results at 3:00 PM, Pacific Standard Time on Jan 21, 2015

Cathay General Bancorp, Q4 2014 Earnings Call, Jan 21, 2015

Cathay General Bancorp, Q4 2014 Earnings Call, Jan 21, 2015

 

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Industry Analysis

CATY

Industry Average

Valuation CATY Industry Range
Price/Earnings 16.5x
Price/Sales 5.7x
Price/Book 1.4x
Price/Cash Flow 16.4x
TEV/Sales 2.7x
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