Cathay General Bancorp Q4 2023 net income $82.5 million; full-year diluted EPS $4.86
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.
Key points
- 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.
The filing
Written by AI on Nov 8, 2026, 1:01 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 24, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.