Cathay General Bancorp Q2 net income rises to $92.2 million, EPS $1.37
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.
Key points
- 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
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 July 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.