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Last $30.32 USD
Change Today +0.10 / 0.33%
Volume 630.9K
CATY On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 06/1/15 All times are local (Market data is delayed by at least 15 minutes).

cathay general bancorp (CATY) Key Developments

Cathay General Bancorp Declares Cash Dividend, Payable on June 12, 2015

Cathay General Bancorp announced that its board of directors declared a cash dividend of 14 cents per common share payable on June 12, 2015, to stockholders of record at the close of business on June 2, 2015.

Cathay General Bancorp Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Reports Impairment Charges for First Quarter of 2015; Provides Tax Rate Outlook for the Year 2015

Cathay General Bancorp reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the period, the company’s total interest and dividend income was $104,934,000 against $101,207,000 a year ago. Net interest income before reversal for credit losses was $87,926,000 against $82,658,000 a year ago. Net interest income after provision for credit losses was $92,926,000 against $82,658,000 a year ago. Income before income tax expense was $57,344,000 against $49,149,000 a year ago. Net income was $35,980,000 against $31,259,000 a year ago. Basic and diluted EPS was $0.45 against $0.39 a year ago. Book value per common share as on March 31, 2015 was $20.37. Return on average assets was 1.30% against 1.19% a year ago. Return on average total stockholders' equity was 8.97% against 8.53% a year ago. The increase in EPS was primarily to an increase in net interest income and a negative provision for credit losses in 2015. Net charge-offs for the quarter was $332,000 against $4,380,000 a year ago. As a result of its investment in the renewable energy tax credit fund made on April 14, 2015, the company expects its effective tax rate for the full year of 2015 will be between 30% and 28%.

Cathay General Bancorp, Annual General Meeting, May 18, 2015

Cathay General Bancorp, Annual General Meeting, May 18, 2015., at 17:00 Pacific Standard Time. Location: at 9650 Flair Drive. Agenda: To elect four Class I directors to serve until the 2018 annual meeting of stockholders and until their successors have been elected and qualified; to approve the Cathay General Bancorp 2005 Incentive Plan, as amended; to vote on an advisory (non-binding) proposal to approve the company’s executive compensation; to ratify the appointment of KPMG LLP as independent registered public accounting firm for the 2015 fiscal year; and to transact such other business as may properly be brought before the meeting or any adjournments or postponements of the meeting.

Cathay General Bancorp to Report Q1, 2015 Results on Apr 22, 2015

Cathay General Bancorp announced that they will report Q1, 2015 results at 3:00 PM, Pacific Standard Time on Apr 22, 2015

Cathay General Bancorp, Q1 2015 Earnings Call, Apr 22, 2015

Cathay General Bancorp, Q1 2015 Earnings Call, Apr 22, 2015

 

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CATY Competitors

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Company Last Change
Glacier Bancorp Inc $28.09 USD -0.05
Texas Capital Bancshares Inc $54.29 USD -0.11
United Bankshares Inc/WV $37.73 USD -0.13
Washington Federal Inc $21.95 USD -0.155
Western Alliance Bancorp $31.44 USD +0.09
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Industry Analysis

CATY

Industry Average

Valuation CATY Industry Range
Price/Earnings 17.0x
Price/Sales 6.1x
Price/Book 1.5x
Price/Cash Flow 16.9x
TEV/Sales 3.0x
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