NASDAQ$CATY

Cathay General Bancorp · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Cathay General Bancorp reported an increase in net interest margin and diluted earnings per share, with total deposits also increasing.

Cathay General Bancorp reported a net income of $67.5 million, or $0.94 per diluted share, for the third quarter of 2024. The net interest margin increased to 3.04%, and total deposits grew to $19.94 billion.

  • Net interest margin increased to 3.04% in Q3 2024 from 3.01% in Q2 2024.
  • Diluted earnings per share increased to $0.94 for Q3 2024 compared to $0.92 for Q2 2024.
  • Total deposits increased by $170.9 million, or 3.5% annualized, to $19.94 billion in Q3 2024.
  • The company repurchased 0.8 million shares at an average cost of $42.0 per share, for a total of $35.0 million.

Headline financials

Total Revenue

$190M

Previous: $193M-2.0%
EPS (adj)

$0.97

Previous: $1.13-14.2%
Capital Expenditures

-$2.65M

Previous: -$1.63M-62.5%
Free Cash Flow

$64.9M

Previous: $80.7M-19.7%
Net Income

$67.5M

Previous: $82.4M-18.0%
Operating Income

-$57.3M

Previous: -$3.07M-1766.2%
Gross Profit

$175M

Previous: $187M-6.6%
Cash & Equivalents

$183M

Previous: $146M+25.4%
Total Assets

$23.3B

Previous: $22.8B+1.9%

Revenue & EPS history

Cathay General · Revenue · Quarterly

$190M

Q3 2024-2%vs Q3 2023
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

The press release does not contain specific forward guidance. Therefore, I am unable to provide the requested information.

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 Q3 2024

Historical avgQ3 2024

+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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