NASDAQ$CATY

Cathay General Bancorp · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Briefing

Net income of $93.2 million, or $1.28 per share, was reported for the second quarter of 2023.

Cathay General Bancorp reported a net income of $93.2 million, or $1.28 per share, for the second quarter of 2023, with total loans increasing by $635.5 million and total deposits increasing by $448.1 million.

  • Total gross loans increased by $635.5 million, or 13.9% annualized, to $19.0 billion.
  • Net interest margin decreased to 3.44% from 3.74% in the first quarter of 2023.
  • Diluted earnings per share decreased to $1.28 compared to $1.32 for the first quarter of 2023.
  • Total deposits increased by $448.1 million to $19.10 billion.

Headline financials

Total Revenue

$205M

Previous: $190M+7.8%
EPS (adj)

$1.28

Previous: $1.18+8.5%
Return on Avg. Assets

1.7%

Previous: 1.7%-1.2%
Efficiency Ratio

45.4%

Previous: 39.1%+16.1%
Net Interest Margin

3.4%

Previous: 3.5%-2.3%
Tier 1 Capital Ratio

12.4%

No prior period
Total Risk-Based Ratio

13.9%

No prior period
Tier 1 Leverage Ratio

10.4%

No prior period
Capital Expenditures

-$962K

Previous: -$2.23M+56.8%
Free Cash Flow

$92.3M

Previous: $86.7M+6.4%
Net Income

$93.2M

Previous: $89M+4.8%
Operating Income

$20M

Previous: $125M-84.0%
Gross Profit

$192M

Previous: $187M+2.8%
Cash & Equivalents

$188M

Previous: $142M+32.6%
Total Assets

$23B

Previous: $21.2B+8.4%
Stock-Based Comp

$1.5M

Previous: $1.8M-16.7%

Revenue & EPS history

Cathay General · Revenue · Quarterly

$205M

Q2 2023+7.8%vs Q2 2022
Beat estimate in 10 of 15 quarters(67%)
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

No specific forward guidance was provided in the press release.

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 Q2 2023

Historical avgQ2 2023

+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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