Last $25.83 USD
Change Today -0.01 / -0.04%
Volume 425.1K
CATY On Other Exchanges
Symbol
Exchange
Berlin
As of 4:00 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

cathay general bancorp (CATY) Snapshot

Open
$25.81
Previous Close
$25.84
Day High
$26.18
Day Low
$25.61
52 Week High
11/12/14 - $27.04
52 Week Low
05/7/14 - $22.89
Market Cap
2.1B
Average Volume 10 Days
328.1K
EPS TTM
$1.75
Shares Outstanding
79.7M
EX-Date
02/26/15
P/E TM
14.8x
Dividend
$0.40
Dividend Yield
1.31%
Current Stock Chart for CATHAY GENERAL BANCORP (CATY)

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cathay general bancorp (CATY) Details

Cathay General Bancorp operates as the holding company for Cathay Bank, which offers various commercial banking products and services for individuals, professionals, and small to medium-sized businesses in the United States. It offers various deposit products, including passbook accounts, checking accounts, money market deposit accounts, certificates of deposit, individual retirement accounts, college certificates of deposit, and public funds deposits. The company’s loan portfolio consists of commercial mortgage loans, commercial loans, small business administration loans, residential mortgage loans, real estate construction loans, and home equity lines of credit, as well as installment loans to individuals for automobile, household, and other consumer expenditures. In addition, it provides trade financing, letters of credit, wire transfers, forward currency spot and forward contracts, traveler’s checks, safe deposit, night deposit, social security payment deposit, collection, bank-by-mail, drive-up and walk-up windows, automatic teller machines, Internet banking, investment, and other customary bank services, as well as securities and insurance products. As of April 16, 2014, the company operated 32 branches in California; 9 branches in New York State; 1 in Massachusetts; 2 in Texas; 3 in Washington State; 3 in the Chicago, Illinois area; 1 in New Jersey; 1 in Nevada; 1 in Hong Kong; and a representative office in Shanghai and in Taipei. Cathay General Bancorp was founded in 1990 and is based in Los Angeles, California.

cathay general bancorp (CATY) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $2.1M
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $586.8K
Chief Lending Officer of Cathay Bank and Exec...
Total Annual Compensation: $512.0K
Chief Retail Administration & Regulatory Affa...
Total Annual Compensation: $449.9K
Compensation as of Fiscal Year 2013.

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.

 

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Industry Analysis

CATY

Industry Average

Valuation CATY Industry Range
Price/Earnings 14.9x
Price/Sales 5.2x
Price/Book 1.3x
Price/Cash Flow 14.8x
TEV/Sales 2.2x
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