CATHAY GENERAL BANCORP CATY
Cathay General Bancorp (the "Bancorp" on a parent-only basis, and the "Company," "we," "us" or "our" on a consolidated basis) is a corporation that was organized in 1990 under the laws of the State of Delaware. The Bancorp is the holding company of Cathay Bank, a California state-chartered commercial bank ("Cathay Bank" or the "Bank"), and twelve limited partnerships investing in affordable housing investments in which the Bank is the sole limited partner. The Bancorp also owns 100% of the common stock of five statutory business trusts created for the purpose of issuing capital securities.
Our principal place of business is located at 777 North Broadway, Los Angeles, California 90012, with our main telephone number at (213) 625-4700. Certain of our administrative offices are located at 9650 Flair Drive, El Monte, California 91731. Our common stock is traded on the NASDAQ Global Select Market, and our trading symbol is "CATY".
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $53.8M | $52.3M | $43.9M | $42.2M | $39.1M | $32.2M | $31.5M | $28.0M | $25.6M | $25.5M |
| Interest expense | $742.5M | $674.1M | $741.7M | $733.7M | $68.8M | $148.5M | $194.4M | $122.1M | $80.4M | $81.2M |
| Pre-tax income | $390.2M | $317.5M | $403.6M | $472.5M | $381.8M | $254.0M | $349.4M | $337.7M | $298.3M | $242.2M |
| Income tax | $75.1M | $31.6M | $49.5M | $111.9M | $83.5M | $25.1M | $70.2M | $65.8M | $122.3M | $67.1M |
| Net income | $315.1M | $286.0M | $354.1M | $360.6M | $298.3M | $228.9M | $279.1M | $271.9M | $176.0M | $175.1M |
| EPS, basic | 4.55 | 3.97 | 4.88 | 4.85 | 3.81 | 2.88 | 3.49 | 3.35 | 2.19 | 2.21 |
| EPS, diluted | 4.54 | 3.95 | 4.86 | 4.83 | 3.80 | 2.87 | 3.48 | 3.33 | 2.17 | 2.19 |
| Shares, diluted (wtd. avg.) | $69.5M | $72.3M | $72.9M | $74.7M | $78.6M | $79.8M | $80.2M | $81.6M | $81.0M | $79.9M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $146.3M | $157.2M | $174.0M | $195.4M | $134.1M | $138.6M | $177.2M | $225.3M | $534.8M | $1.19B |
| Short-term investments | — | — | — | — | — | — | — | $375.0M | $292.7M | $967.1M |
| Property, plant and equipment | $87.6M | $88.7M | $91.1M | $94.8M | $99.4M | $103.0M | $104.2M | $103.2M | $103.1M | $105.6M |
| Goodwill | $375.7M | $375.7M | $375.7M | $375.7M | $372.2M | $372.2M | $372.2M | $372.2M | $372.2M | $372.2M |
| Other intangibles | $2.7M | $3.3M | $4.5M | $5.8M | $4.6M | $5.4M | $6.3M | $7.2M | $8.1M | $2.9M |
| Total assets | $24.23B | $23.05B | $23.08B | $21.95B | $20.89B | $19.04B | $18.09B | $16.78B | $15.64B | $14.52B |
| Short-term debt | — | — | — | — | — | $0 | $25.7M | $0 | — | — |
| Long-term debt | $119.1M | $119.1M | $119.1M | $119.1M | $119.1M | $119.1M | $119.1M | $189.4M | $194.1M | $119.1M |
| Total liabilities | $21.30B | $20.21B | $20.34B | $19.47B | $18.44B | $16.62B | $15.80B | $14.66B | $13.67B | $12.69B |
| Retained earnings | $2.91B | $2.69B | $2.50B | $2.24B | $1.99B | $1.79B | $1.66B | $1.48B | $1.28B | $1.18B |
| Total equity | $2.93B | $2.85B | $2.74B | $2.47B | $2.45B | $2.42B | $2.29B | $2.12B | $1.97B | $1.83B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $368.6M | $329.2M | $384.7M | $467.4M | $334.3M | $320.0M | $435.0M | $336.5M | $248.9M | $234.4M |
| Depreciation and amortisation | $6.6M | $7.2M | $8.4M | $10.0M | $8.0M | $7.7M | $6.8M | $7.3M | $7.3M | $7.5M |
| Stock-based compensation | — | — | — | — | — | — | — | $8.0M | $5.7M | $5.0M |
| Capital expenditure | $4.9M | $3.6M | $3.4M | $3.4M | $3.7M | $5.8M | $7.1M | $6.7M | $3.2M | $3.5M |
| Investing cash flow | -$857.3M | $184.0M | -$1.48B | -$1.85B | -$859.9M | -$242.2M | -$1.38B | -$1.13B | -$904.0M | -$853.5M |
| Financing cash flow | $873.6M | -$302.5M | $758.7M | $94.7M | $1.55B | $749.5M | $940.2M | $863.3M | $4.8M | $1.09B |
| Dividends paid | $93.8M | $98.0M | $98.6M | $101.0M | $99.3M | $98.7M | $99.1M | $83.4M | $69.9M | $59.3M |
| Buybacks | $180.3M | $84.7M | $16.7M | $141.3M | $167.1M | $23.6M | $36.3M | $42.6M | $0 | $54.4M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001437749-26-012477.
Others in SIC 6022
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| BNY | Bank of New York Mellon Corp | $111.84B | 22.3x | 7.8% |
| STT | STATE STREET CORP | $53.36B | 20.7x | 7.3% |
| FITB | FIFTH THIRD BANCORP | $49.76B | 15.5x | -5.0% |
| MTB | M&T BANK CORP | $34.64B | 14.1x | 7.5% |
| NTRS | NORTHERN TRUST CORP | $34.15B | 21.4x | 6.1% |
| CFG | CITIZENS FINANCIAL GROUP INC/RI | $29.81B | 18.3x | 6.7% |
| FCNCA | FIRST CITIZENS BANCSHARES INC /DE/ | $25.48B | 13.4x | -2.2% |
| EWBC | EAST WEST BANCORP INC | $17.92B | 13.7x | 2.4% |