Cathay General Bancorp Reports Decline in Q4 Earnings

Cathay General Bancorp faces a decline in quarterly profits as earnings decrease from last year. The company's earnings fell to $80.20 million, or $1.12 per share, indicating slight challenges in maintaining profitability.

Date: 23-01-2025

AI Rating: 5

Cathay General Bancorp's Earnings Performance:

Cathay General Bancorp (CATY) reported earnings for the fourth quarter amounting to $80.20 million, which is a decrease from $82.53 million from the previous year. The earnings per share (EPS) also saw a decline, reporting at $1.12 compared to $1.13 last year. This slight drop in both net earnings and EPS may suggest challenges in revenue generation or increased expenses.

Earnings Per Share (EPS): The EPS dropped from $1.13 to $1.12, indicating a negative trend that could affect investor sentiment. A decrease in EPS may signal that the company is not growing its earnings as expected, which might affect stock performance adversely.

Net Income: The total net income saw a decrease from $82.53 million to $80.20 million. This reduction raises concerns as declining profitability could affect the company's ability to reinvest, pay dividends, or maintain stock valuations.

Overall, based on the reported earnings decline, this performance may have a slight negative impact on investor confidence and stock prices for Cathay General Bancorp.

Stocks: CATY