Cathay General Bancorp Q1 net income falls 13.3% to $69.5 million
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.
Key points
- 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.
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 April 21, 2025.
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.