Cathay General Bancorp Q1 profit falls to $86.9 million, or $1.29 a share, from $1.33
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.
Key points
- 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
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 April 22, 2026.
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.