Quarterly ResultJul 22, 2026, 04:41 PM
Cathay General Bancorp Q2 Net Income $92.2M; EPS $1.37
AI Summary
Cathay General Bancorp reported strong second-quarter 2026 financial results, with net income rising to $92.2 million, or $1.37 per diluted share, driven by net interest margin expansion and loan/deposit growth. The company also announced an increase in its share repurchase authorization to $200 million and the redemption of $54.1 million in trust preferred securities. However, non-accrual loans and non-performing assets increased during the quarter.
Key Highlights
- Net income for Q2 2026 was $92.2 million, up 6.1% from Q1 2026.
- Diluted EPS for Q2 2026 was $1.37, compared to $1.29 in Q1 2026.
- Net interest margin increased to 3.48% in Q2 2026 from 3.43% in Q1 2026.
- Total loans grew 2.2% to $20.62 billion; total deposits increased 1.9% to $21.06 billion.
- Board approved increasing share repurchase authorization by $50 million to $200 million.
- Company approved redemption of $54.1 million of trust preferred securities.
- Total non-accrual loans increased 25.5% to $111.7 million in Q2 2026.
- Allowance for loan losses to non-performing loans decreased to 195.97% from 220.95%.
Price Impact
More from CATY