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Last $32.54 USD
Change Today +0.24 / 0.74%
Volume 495.7K
CATY On Other Exchanges
Symbol
Exchange
Berlin
As of 8:10 PM 08/4/15 All times are local (Market data is delayed by at least 15 minutes).

cathay general bancorp (CATY) Snapshot

Open
$32.42
Previous Close
$32.30
Day High
$32.85
Day Low
$32.38
52 Week High
07/22/15 - $34.75
52 Week Low
01/14/15 - $22.90
Market Cap
2.6B
Average Volume 10 Days
728.8K
EPS TTM
$1.90
Shares Outstanding
79.9M
EX-Date
05/29/15
P/E TM
17.1x
Dividend
$0.56
Dividend Yield
1.26%
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 that 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 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 March 20, 2015, the company operated 33 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; and 1 in Hong Kong, as well as a representative office in Taipei and in Shanghai. Cathay General Bancorp was founded in 1990 and is headquartered in Los Angeles, California.

1,074 Employees
Last Reported Date: 03/2/15
Founded in 1990

cathay general bancorp (CATY) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $1.0M
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $667.9K
President of Cathay Bank and Director of Cath...
Total Annual Compensation: $575.7K
Chief Operating Officer of Cathay Bank and Se...
Total Annual Compensation: $516.3K
Chief Credit Officer of Cathay Bank and Execu...
Total Annual Compensation: $492.1K
Compensation as of Fiscal Year 2014.

cathay general bancorp (CATY) Key Developments

Cathay General Bancorp Announces Board Changes

Cathay General Bancorp announced that it completed its merger with Asia Bancshares Inc. at the end of the day on July 31, 2015. Four members of the board of directors of Asia Bank, Mr. Jentai Tsai, Mr. Yu-Shyang Tsai, Mr. Wu-Hsing Liao, and Ms. Kathy Huang, will join the senior advisory board as chairman of the senior advisory board and senior advisory board members, respectively, upon the closing.

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%.

 

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Industry Analysis

CATY

Industry Average

Valuation CATY Industry Range
Price/Earnings 16.9x
Price/Sales 6.4x
Price/Book 1.5x
Price/Cash Flow 16.8x
TEV/Sales 4.1x
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