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Last €25.78 EUR
Change Today +0.44 / 1.74%
Volume 0.0
CN7 On Other Exchanges
Symbol
Exchange
Berlin
As of 3:07 AM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

cathay general bancorp (CN7) Snapshot

Open
€25.87
Previous Close
€25.34
Day High
€25.87
Day Low
€25.78
52 Week High
07/23/15 - €31.25
52 Week Low
10/16/14 - €18.74
Market Cap
2.1B
Average Volume 10 Days
1.8
EPS TTM
--
Shares Outstanding
82.6M
EX-Date
08/28/15
P/E TM
--
Dividend
€0.55
Dividend Yield
1.60%
Current Stock Chart for CATHAY GENERAL BANCORP (CN7)

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cathay general bancorp (CN7) 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 (CN7) 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 (CN7) Key Developments

Cathay General Bancorp Provides Financial Guidance for the Second Half of 2015 and Tax Rate Guidance for the Full Year of 2015

Cathay General Bancorp provided financial guidance for the second half of 2015 and tax rate guidance for the full year of 2015. The company expects amortization of alternative energy partnerships to increase from $3 million in the second quarter to between $11 million to $12 million a quarter in the second half of 2015. The effective tax rate for the second quarter of 2015 was 17.7%, which includes a cash up adjustment to reflect the lower effective tax rate for the full year 2015, resulting from the investment in the Renewable Energy Tax Credit Fund in early April. As a result of the investment in the Renewable Energy Tax Fund, The company expects that effective tax rate for the full year 2015 will be around 27.7%.

Cathay General Bancorp Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Announces Net Charge-Offs for the Second Quarter of 2015

Cathay General Bancorp announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net interest income before provision for credit losses of $94,754,000 compared to $85,617,000 a year ago. Net interest income after reversal for credit losses was $96,904,000 compared to $89,317,000 a year ago. Income before income tax expense was $54,938,000 compared to $55,825,000 a year ago. Net income was $45,200,000 compared to $35,084,000 a year ago. Return on average assets was 1.56% compared to 1.29% a year ago. Return on average total stockholders' equity was 10.93% compared to 9.25% a year ago. Total interest and dividend income was $112,386,000 compared to $105,062,000 a year ago. Diluted earnings per share for the quarter ended June 30, 2015, was $0.56 compared to $0.44 for the same quarter a year ago due primarily to an increase in net interest income and a lower effective tax rate forecasted for 2015. The increase in net interest income was due primarily to the increase in loan interest income, the decrease in interest expense from securities sold under agreements to repurchase, and the special dividend distributed by the Federal Home Loan Bank, partially offset by the decrease in interest income from investment securities. For the six months, the company reported net interest income before provision for credit losses of $182,680,000 compared to $168,275,000 a year ago. Net interest income after reversal for credit losses was $189,830,000 compared to $171,975,000 a year ago. Income before income tax expense was $112,282,000 compared to $104,974,000 a year ago. Net income was $81,180,000 or $1.01 per diluted share compared to $66,343,000 or $0.83 per diluted share a year ago. Return on average assets was 1.43% compared to 1.24% a year ago. Return on average total stockholders' equity was 9.96% compared to 8.89% a year ago. For the quarter, the company reported net charge-offs of $501,000.

Cathay General Bancorp to Report Q2, 2015 Results on Jul 21, 2015

Cathay General Bancorp announced that they will report Q2, 2015 results at 3:00 PM, Pacific Standard Time on Jul 21, 2015

 

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Price/Book 1.4x
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