Every material Form 8-K Cathay General Bancorp has filed with the SEC since January 24, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Cathay General Bancorp reported unaudited third-quarter 2026 net income of $95.2 million, or $1.43 per diluted share, up from $92.2 million, or $1.37 per share, in the second quarter. Net interest income reached a record $211.9 million, while credit loss provisions rose to $28.6 million and non-interest expense included an $8.0 million charitable contribution and a $5.4 million contract termination fee.
Diluted EPS was $1.43 for Q3 2026, versus $1.37 in Q2 2026 and $1.13 in Q3 2025.
Net interest income was a record $211.9 million, up $11.0 million, or 5.5%, from Q2 2026; net interest margin was 3.52%.
Provision for credit losses rose to $28.6 million from $11.2 million in Q2 2026, reflecting loan growth and updated loss assumptions.
Non-interest expense rose 12.0% to $103.4 million, including an $8.0 million charitable contribution and a $5.4 million contract termination fee.
Cathay General Bancorp reported second-quarter 2026 net income of $92.2 million, or $1.37 per diluted share, up from $86.9 million and $1.29 in the first quarter. The board also raised the share repurchase authorization from $150 million to $200 million, subject to pending regulatory approval, but non-performing assets rose 13.7% to $145.4 million.
Net income of $92.2 million and diluted EPS of $1.37 for the quarter ended June 30, 2026, versus $86.9 million and $1.29 in the first quarter of 2026
Net interest margin widened to 3.48% from 3.43% in the first quarter of 2026
Non-performing assets rose 13.7% to $145.4 million as of June 30, 2026, with non-accrual loans up 25.5% to $111.7 million
Board raised the share repurchase authorization from $150 million to $200 million, pending regulatory approval, and approved redeeming $54.1 million of trust preferred securities
Cathay General Bancorp reported first-quarter 2026 net income of $86.9 million, or $1.29 per diluted share, down from $90.5 million, or $1.33, in the fourth quarter of 2025 but up from $69.5 million, or $0.98, a year earlier. Net interest margin rose to 3.43%, while a $15.7 million impairment loss on securities cut non-interest income and loan growth was minimal, which the CEO said fell short of company expectations.
Net income $86.9 million, or $1.29 per diluted share, versus $90.5 million, or $1.33, in Q4 2025 and $69.5 million, or $0.98, in Q1 2025
Net interest margin rose to 3.43% from 3.36% in Q4 2025; non-interest income fell 25.5% to $20.7 million due to a $15.7 million impairment loss
Gross loans grew 0.14% to $20.17 billion; total deposits fell $218.5 million to $20.68 billion
Completed the $150.0 million buyback announced in June 2025; an additional $150.0 million program awaits regulatory approval
Cathay General Bancorp appointed Lana Chan as a director of the company and Cathay Bank on February 4, 2026. Director Jane Jelenko notified the company she will retire effective April 30, 2026, and the filing says her decision was not due to any disagreement with the company. After these changes the board will have twelve directors, eight of them independent.
Lana Chan appointed director effective February 4, 2026, as a Class I director serving until the 2027 annual meeting
Jane Jelenko to retire from the board effective April 30, 2026; filing states no disagreement with the company
Board will have twelve directors, eight considered independent
Committee assignments for Chan not yet determined; an amended 8-K will be filed if assigned
Cathay General Bancorp said CFO and Treasurer Heng W. Chen will retire effective March 1, 2026, after serving as CFO since 2003. Albert J. Wang, currently Deputy CFO, will succeed him in both roles on the same date. The filing describes a planned transition, with Chen staying on as a Special Advisor through December 31, 2026.
Heng W. Chen retires as CFO of Cathay General Bancorp and Cathay Bank and as Treasurer effective March 1, 2026
Albert J. Wang, age 50, succeeds Chen; he joined Cathay Bank as Deputy CFO in September 2025 and previously was Chief Accounting Officer at Webster Bank
Chen will receive a monthly compensation of $15,000 through December 31, 2026 as Special Advisor to the Office of the President
Cathay General Bancorp reported unaudited net income of $90.5 million, or $1.33 per diluted share, for the fourth quarter of 2025, up from $77.7 million in the third quarter. For the full year 2025, net income was $315.1 million, or $4.54 per diluted share, compared with $286.0 million in 2024. Headline earnings improved on both a quarterly and annual basis, with lower provisions for credit losses and reduced non-performing assets supporting the results.
Q4 2025 net income $90.5 million, or $1.33 per diluted share, versus $77.7 million, or $1.13, in Q3 2025
Full-year 2025 net income $315.1 million, or $4.54 per diluted share, versus $286.0 million, or $3.95, in 2024
Net interest margin rose to 3.36% in Q4 2025 from 3.31% in Q3 2025; non-performing assets fell 26.8% year over year to $143.7 million
Conference call scheduled for January 22, 2026 at 3:00 p.m. Pacific Time
Cathay General Bancorp reported third quarter 2025 net income of $77.7 million, or $1.13 per diluted share, up from $77.5 million, or $1.10 per diluted share, in the second quarter and $67.5 million, or $0.94 per diluted share, a year earlier. Net interest income before provision rose 4.6% to $189.6 million, while provision for credit losses increased to $28.7 million, which shareholders may watch as a sign of credit costs.
Net income was $77.7 million in Q3 2025, compared with $77.5 million in Q2 2025 and $67.5 million in Q3 2024.
Net interest margin was 3.31%, up from 3.27% in the second quarter of 2025.
Provision for credit losses was $28.7 million, including a $9.1 million reserve for two movie theatre loans, compared with $11.2 million in the second quarter.
The company repurchased 1,070,000 common shares for $50.1 million during the third quarter, at an average cost of $46.81 per share.
Cathay General Bancorp reported second-quarter 2025 net income of $77.5 million, or $1.10 per diluted share, up from $69.5 million, or $0.98 per share, in the first quarter. Non-performing assets rose 14.9% to $199.5 million over the same period, so shareholders get higher profit alongside weaker credit indicators.
Net income was $77.5 million, or $1.10 per diluted share, versus $69.5 million, or $0.98, in Q1 2025 and $66.8 million, or $0.92, in Q2 2024.
Net interest margin rose to 3.27% from 3.25% in the first quarter.
Non-performing assets rose to $199.5 million from $173.7 million, and non-accrual loans reached $174.2 million as of June 30, 2025.
The company repurchased 804,179 shares for $35.6 million in the second quarter under a program announced June 4, 2025, authorizing up to $150.0 million.
At its May 12, 2025 annual meeting, Cathay General Bancorp stockholders elected four Class II directors and approved an amended and restated 2005 Incentive Plan that increases authorized shares by 1,724,538. Stockholders also approved the advisory executive compensation vote and ratified KPMG LLP as the independent auditor for fiscal 2025, with the plan effective May 12, 2025.
Plan increases authorized common stock by 1,724,538 shares and is effective May 12, 2025
Stockholders elected Dunson K. Cheng, Chang M. Liu, Shally Wang and Elizabeth Woo as Class II directors, each to serve until the 2028 annual meeting
Advisory vote on executive compensation: 46,513,416 for and 4,637,322 against
KPMG LLP ratified as independent registered public accounting firm for 2025, with 56,456,002 votes for and 978,492 against
Cathay General Bancorp reported first-quarter 2025 net income of $69.5 million, or $0.98 per diluted share, down from $80.2 million and $1.12 per share in the fourth quarter of 2024. Net interest income rose 3.3% and the net interest margin widened to 3.25%, but lower non-interest income and higher FDIC assessments offset part of that gain.
Net income was $69.5 million, down $10.7 million or 13.3% from the fourth quarter of 2024; diluted EPS was $0.98 versus $1.12 a quarter earlier and $0.98 a year earlier.
Net interest income before provision for credit losses rose 3.3% to $176.6 million, and the net interest margin increased to 3.25% from 3.07%.
Non-performing assets fell 11.5% to $173.7 million as of March 31, 2025, from $196.3 million at December 31, 2024.
The company completed its $125.0 million share repurchase program, buying 876,906 shares for $41.1 million at an average cost of $46.83.
Cathay General Bancorp reported unaudited fourth-quarter 2024 net income of $80.2 million, or $1.12 per diluted share, up from $67.5 million, or $0.94 per share, in the third quarter but slightly below the $82.5 million, or $1.13 per share, a year earlier. For the full year, net income fell 19.2% to $286.0 million, or $3.95 per diluted share, from $354.1 million, or $4.86 per share, in 2023, and non-performing assets more than doubled over the year, which shareholders may weigh against the quarterly improvement.
Q4 2024 net income was $80.2 million, or $1.12 per diluted share, compared with $67.5 million, or $0.94 per share, in Q3 2024 and $82.5 million, or $1.13 per share, in Q4 2023.
Full-year 2024 net income was $286.0 million, or $3.95 per diluted share, compared with $354.1 million, or $4.86 per share, in 2023.
Total non-performing assets rose 110.4% to $196.3 million at December 31, 2024, from $93.3 million a year earlier, mainly due to higher non-accrual loans.
Net interest margin rose to 3.07% in Q4 2024 from 3.04% in Q3 2024; the company repurchased 506,651 shares in the quarter for $23.9 million.
Cathay General Bancorp said its Chief Risk Officer, Kim R. Bingham, retires effective January 21, 2025, and Diana Deen joins Cathay Bank as Executive Vice President and Chief Risk Officer on the same date. Deen will be a designated executive officer, and Bingham will serve in a transition role through about March 31, 2025, after which he will no longer be a designated executive officer. The change in a key risk leadership role is a notable governance event for shareholders, though the filing reports no financial results.
Kim R. Bingham retires as Chief Risk Officer of Cathay Bank effective January 21, 2025; he had held the role since 2014
Diana Deen, age 62, becomes Executive Vice President and Chief Risk Officer on January 21, 2025
Bingham serves as Special Advisor to the Office of the President through a transition period anticipated to end on or about March 31, 2025
Deen previously held risk roles at Bank of the West (2018 to 2023), Wells Fargo (2013 to 2017) and JPMorgan Chase (2008 to 2013)
Cathay General Bancorp reported third quarter 2024 net income of $67.5 million, or $0.94 per diluted share, up slightly from $66.8 million and $0.92 in the second quarter but down from $82.4 million and $1.13 a year earlier. Non-performing assets rose to $188.0 million from $129.0 million in the prior quarter, mainly due to a $38.1 million loan relationship placed on nonaccrual status, which matters to shareholders because it raised the company's provision for credit losses.
Net income $67.5 million and diluted EPS $0.94, compared with $66.8 million and $0.92 in Q2 2024 and $82.4 million and $1.13 in Q3 2023
Net interest margin 3.04%, up from 3.01% in Q2 2024; net interest income before provision $169.2 million
Non-accrual loans rose 51.7% to $162.8 million; provision for credit losses was $14.5 million versus $6.6 million in Q2 2024
Repurchased 0.8 million shares at an average cost of $42.0 per share, for a total of $35.0 million in the quarter
Cathay General Bancorp reported second quarter 2024 net income of $66.8 million, or $0.92 per diluted share, down from $71.4 million, or $0.98 per share, in the first quarter and $93.2 million, or $1.28 per share, a year earlier. The decline was driven mainly by a higher provision for credit losses and $4.1 million of accelerated amortization on solar tax credit investments, and non-performing assets rose to $129.0 million.
Net income was $66.8 million, down 6.4% from the first quarter and 28.3% from the second quarter of 2023 ($93.2 million).
Net interest margin narrowed to 3.01% from 3.05% in the first quarter; the provision for credit losses rose to $6.6 million from $1.9 million.
Non-performing assets increased 3.1% to $129.0 million as of June 30, 2024.
The Company announced a new stock repurchase program of up to $125.0 million on May 28, 2024, and repurchased $25.1 million of stock in the quarter.
Cathay General Bancorp (Nasdaq: CATY) reported first-quarter 2024 net income of $71.4 million, or $0.98 per diluted share, down from $82.5 million, or $1.13 per diluted share, in the fourth quarter of 2023 and $96.0 million, or $1.32 per diluted share, a year earlier. Lower net interest income, a mark-to-market loss on equity securities and rising non-performing loans weighed on results, which matters to shareholders because earnings per share fell in both comparisons.
Net income $71.4 million vs. $82.5 million in Q4 2023 and $96.0 million in Q1 2023
Diluted EPS $0.98 vs. $1.13 in Q4 2023 and $1.32 in Q1 2023, including a $9.0 million equity securities mark-to-market loss
Net interest margin fell to 3.05% from 3.27% in Q4 2023; non-accrual loans rose $31.4 million to $98.1 million
Conference call scheduled for Monday, April 22, 2024, at 3:00 p.m. Pacific Time
Cathay General Bancorp reported fourth-quarter 2023 net income of $82.5 million, or $1.13 per diluted share, roughly flat from the third quarter but down from $97.6 million in the fourth quarter of 2022. For the full year, diluted EPS rose to $4.86 from $4.83, while net income fell 1.8% to $354.1 million, so shareholders see mixed headline results.
Q4 2023 net income $82.5 million ($1.13 diluted EPS), versus $82.4 million in Q3 2023 and $97.6 million ($1.33) in Q4 2022.
Full-year 2023 net income $354.1 million, down $6.5 million from $360.6 million in 2022; diluted EPS $4.86 versus $4.83.
Q4 included an $11.3 million ($0.12 per diluted share) one-time FDIC special assessment.
Net interest margin was 3.27% in Q4 2023, down from 3.38% in Q3 2023; gross loans reached $19.55 billion and deposits $19.33 billion at year-end.
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