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Cathay General Bancorp ( (CATY) ) just unveiled an update.
On April 21, 2025, Cathay General Bancorp announced its unaudited financial results for the first quarter of 2025, reporting a net income of $69.5 million, or $0.98 per diluted share. The company experienced a decrease in net income compared to the previous quarter, with a notable increase in net interest margin to 3.25%. Despite a decrease in total loans, total deposits increased by $131.3 million. The company also completed a $125 million share repurchase program, repurchasing 876,906 shares at an average cost of $46.83 per share.
Spark’s Take on CATY Stock
According to Spark, TipRanks’ AI Analyst, CATY is a Outperform.
Cathay General Bancorp’s overall stock score reflects its strong financial stability and attractive valuation. However, challenges in profitability and cash flow generation, coupled with bearish market momentum, moderate the score. Positive earnings call insights provide some optimism for future growth, but key risks like declining deposits and increased nonaccrual loans remain.
To see Spark’s full report on CATY stock, click here.
More about Cathay General Bancorp
Cathay General Bancorp is a holding company for Cathay Bank, operating in the financial services industry. It provides a range of banking services, focusing on commercial banking, personal banking, and wealth management, primarily serving communities in Los Angeles, California.
YTD Price Performance: -18.26%
Average Trading Volume: 456,471
Technical Sentiment Signal: Hold
Current Market Cap: $2.7B
See more data about CATY stock on TipRanks’ Stock Analysis page.