Every material Form 8-K Cathay General Bancorp filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Cathay General Bancorp reported third quarter 2025 net income of $77.7 million, or $1.13 per diluted share, up from $77.5 million, or $1.10 per diluted share, in the second quarter and $67.5 million, or $0.94 per diluted share, a year earlier. Net interest income before provision rose 4.6% to $189.6 million, while provision for credit losses increased to $28.7 million, which shareholders may watch as a sign of credit costs.
Net income was $77.7 million in Q3 2025, compared with $77.5 million in Q2 2025 and $67.5 million in Q3 2024.
Net interest margin was 3.31%, up from 3.27% in the second quarter of 2025.
Provision for credit losses was $28.7 million, including a $9.1 million reserve for two movie theatre loans, compared with $11.2 million in the second quarter.
The company repurchased 1,070,000 common shares for $50.1 million during the third quarter, at an average cost of $46.81 per share.
Cathay General Bancorp reported second-quarter 2025 net income of $77.5 million, or $1.10 per diluted share, up from $69.5 million, or $0.98 per share, in the first quarter. Non-performing assets rose 14.9% to $199.5 million over the same period, so shareholders get higher profit alongside weaker credit indicators.
Net income was $77.5 million, or $1.10 per diluted share, versus $69.5 million, or $0.98, in Q1 2025 and $66.8 million, or $0.92, in Q2 2024.
Net interest margin rose to 3.27% from 3.25% in the first quarter.
Non-performing assets rose to $199.5 million from $173.7 million, and non-accrual loans reached $174.2 million as of June 30, 2025.
The company repurchased 804,179 shares for $35.6 million in the second quarter under a program announced June 4, 2025, authorizing up to $150.0 million.
At its May 12, 2025 annual meeting, Cathay General Bancorp stockholders elected four Class II directors and approved an amended and restated 2005 Incentive Plan that increases authorized shares by 1,724,538. Stockholders also approved the advisory executive compensation vote and ratified KPMG LLP as the independent auditor for fiscal 2025, with the plan effective May 12, 2025.
Plan increases authorized common stock by 1,724,538 shares and is effective May 12, 2025
Stockholders elected Dunson K. Cheng, Chang M. Liu, Shally Wang and Elizabeth Woo as Class II directors, each to serve until the 2028 annual meeting
Advisory vote on executive compensation: 46,513,416 for and 4,637,322 against
KPMG LLP ratified as independent registered public accounting firm for 2025, with 56,456,002 votes for and 978,492 against
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.
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.
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.
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.
Cathay General Bancorp said its Chief Risk Officer, Kim R. Bingham, retires effective January 21, 2025, and Diana Deen joins Cathay Bank as Executive Vice President and Chief Risk Officer on the same date. Deen will be a designated executive officer, and Bingham will serve in a transition role through about March 31, 2025, after which he will no longer be a designated executive officer. The change in a key risk leadership role is a notable governance event for shareholders, though the filing reports no financial results.
Kim R. Bingham retires as Chief Risk Officer of Cathay Bank effective January 21, 2025; he had held the role since 2014
Diana Deen, age 62, becomes Executive Vice President and Chief Risk Officer on January 21, 2025
Bingham serves as Special Advisor to the Office of the President through a transition period anticipated to end on or about March 31, 2025
Deen previously held risk roles at Bank of the West (2018 to 2023), Wells Fargo (2013 to 2017) and JPMorgan Chase (2008 to 2013)
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