NASDAQ$CATY

Cathay General Bancorp · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Net income and diluted EPS increased compared to the same quarter last year.

Cathay General Bancorp reported a net income of $75.0 million, or $0.99 per share, for the first quarter of 2022, representing an increase compared to the same quarter last year.

  • Total loans increased by $1.1 billion in the first quarter, including $646.1 million acquired from HSBC.
  • Net income for the quarter ended March 31, 2022, was $75.0 million, an increase of $1.6 million, or 2.2%, compared to the same quarter a year ago.
  • Diluted earnings per share for the quarter ended March 31, 2022, was $0.99 per share compared to $0.92 per share for the same quarter a year ago.
  • The Company completed its purchase of HSBC’s West Coast mass retail market consumer banking business and retail business banking business on February 7, 2022.

Headline financials

Total Revenue

$179M

Previous: $152M+18.2%
EPS (adj)

$0.99

Previous: $0.92+7.6%
Return on Avg. Assets

1.5%

Previous: 1.6%-7.0%
Return on Avg. Equity

12.3%

No prior period
Efficiency Ratio

40.5%

Previous: 47.0%-13.8%
Net Interest Margin

3.3%

Previous: 3.2%+1.9%
Tier 1 Capital Ratio

12.4%

Previous: 13.9%-11.3%
Total Risk-Based Ratio

14.0%

Previous: 15.8%-11.8%
Tier 1 Leverage Ratio

10.1%

Previous: 11.1%-8.6%
Capital Expenditures

-$1.28M

Previous: -$760K-67.9%
Free Cash Flow

$73.8M

Previous: $72.6M+1.6%
Net Income

$75M

Previous: $73.4M+2.2%
Operating Income

$112M

Previous: $74.8M+50.0%
Gross Profit

$170M

Previous: $140M+21.7%
Cash & Equivalents

$139M

Previous: $142M-2.0%
Total Assets

$20.9B

Previous: $19.2B+8.5%
Stock-Based Comp

$1.6M

No prior period

Revenue & EPS history

Cathay General · Revenue · Quarterly

$179M

Q1 2022+18.2%vs Q1 2021
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Cathay General · $163M total across 4 segments · Q1 2021

  • Loan Receivable
    $160M
  • Investment Securities
    $3.07M
  • Deposits with Banks
    $315K
  • FHLB Stock
    $217K

Forward guidance

The press release does not contain any forward guidance.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+0.2%

Avg return

Earnings day

+0.7%

Avg return

5 days after

+3.4%

Avg return

30 days after

41%

27 / 66 earnings

Positive

+11.2%

Q1 2020

Best reaction

-5.7%

Q4 2013

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.7%+3.6%+6.5%
Q4 2025-3.0%-4.4%+2.3%
Q3 2025-2.2%-0.8%+1.5%
Q2 2025-2.1%-1.2%+1.7%
Q1 2025+7.1%+9.3%+11.7%
Q4 2024-3.9%-3.0%-6.0%
Q3 2024-1.4%-2.6%+10.2%
Q2 2024+3.1%+7.7%+1.0%
Q1 2024-3.1%-2.7%+2.9%
Q4 2023-1.2%+0.2%-9.5%
Q3 2023-1.0%+0.3%+10.0%
Q2 2023+5.1%+7.4%-3.2%
Q1 2023-0.9%-7.2%-9.7%
Q4 2022-1.5%-0.6%+2.8%
Q3 2022+6.5%+8.1%+9.3%
Q2 2022-1.2%+1.9%+6.4%
Q1 2022-5.1%-7.4%-9.1%
Q4 2021+1.2%+5.6%+7.1%
Q3 2021-0.7%-1.8%+6.4%
Q2 2021-0.2%+2.1%+7.3%
Q1 2021+0.6%-1.8%-0.7%
Q4 2020-2.3%-4.4%+4.1%
Q3 2020-3.7%-2.9%+27.0%
Q2 2020-3.3%-4.9%-1.3%
Q1 2020+11.2%+9.7%+19.5%
Q4 2019-0.3%-1.1%-2.1%
Q3 2019+1.1%+2.6%+5.2%
Q2 2019+3.3%+3.4%-2.5%
Q1 2019-1.8%-3.1%-0.1%
Q4 2018+0.0%+0.4%+6.4%
Q3 2018-1.7%-5.1%-1.8%
Q2 2018+4.2%+5.7%+5.1%
Q1 2018+3.1%+3.1%+7.2%
Q4 2017-0.3%+0.5%-6.1%
Q3 2017+1.9%+0.5%+2.1%
Q2 2017+3.3%+3.2%-5.6%
Q1 2017+5.4%+7.5%+0.6%
Q4 2016+2.8%-1.2%+8.2%
Q3 2016-0.7%-0.4%+16.8%
Q2 2016-0.5%+0.1%+3.5%
Q1 2016+0.2%
Q4 2015-3.8%
Q3 2015-0.1%
Q2 2015+2.6%
Q1 2015+1.5%
Q4 2014+7.2%
Q3 2014+0.2%
Q2 2014+2.4%
Q1 2014+0.5%
Q4 2013-5.7%
Q3 2013+3.9%
Q2 2013+1.4%
Q1 2013-0.2%
Q4 2012-4.6%
Q3 2012+10.2%
Q2 2012-0.2%
Q1 2012+1.9%
Q4 2009-1.4%
Q4 2011-1.4%
Q4 2010-1.4%
Q3 2011-1.3%
Q3 2010-1.3%
Q2 2011-3.8%
Q2 2010-3.8%
Q1 2011-2.7%
Q1 2010-2.7%

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