Cathay General Bancorp Q4 net income rises to $80.2 million; full-year profit falls 19.2%
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.
Key points
- 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.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:01 AM ET, from the text of the filing and its press-release exhibits 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 22, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.