Cathay General Bancorp (CATY) 10-Year Financial Performance & Capital Metrics

CATY • • Banking & Credit

Financial ServicesRegional BanksInternational & Latin American BankingInternational Trade Banking

AboutCathay General Bancorp operates as the holding company for Cathay Bank that offers various commercial banking products and services to individuals, professionals, and small to medium-sized businesses in the United States. The company offers various deposit products, including passbook accounts, checking accounts, money market deposit accounts, certificates of deposit, individual retirement accounts, and public funds deposits. It also provides loan products, such as commercial mortgage loans, commercial loans, small business administration loans, residential mortgage loans, real estate construction loans, and home equity lines of credit, as well as installment loans to individuals for household, and other consumer expenditures. In addition, the company offers trade financing, letter of credit, wire transfer, forward currency spot and forward contract, traveler's check, safe deposit, night deposit, social security payment deposit, collection, bank-by-mail, drive-up and walk-up window, automatic teller machine, Internet banking, investment, and other customary bank services, as well as securities and insurance products. As of March 1, 2022, it operated 31 branches in Southern California, 16 branches in Northern California, 10 branches in New York, four branches in Washington, two branches in Illinois, and two branches in Texas, as well as one branch each in Maryland, Massachusetts, Nevada, and New Jersey, and Hong Kong; and a representative office each in Beijing, Taipei, and Shanghai. The company was founded in 1962 and is headquartered in Los Angeles, California.Show more

Net Interest Income $674M -9.1%
Total Revenue $1.39B +6.1%
Net Income $286M -19.2%
Return on Equity 10.25% -24.6%
Net Interest Margin 2.92% -9.0%
Efficiency Ratio 26.94% -7.2%
ROA 1.24% -21.2%
Equity / Assets 12.34% +4.1%
Book Value per Share 39.34 +4.8%
Tangible BV/Share 34.10 +5.5%
Debt/Equity 0.08 -69.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Efficient operations: 26.9% efficiency ratio
✓11 consecutive years of dividend growth
✓Well capitalized: 12.3% equity/assets
✓Healthy dividend yield of 2.7%
✓Trading near 52-week high

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y11.72%

5Y11.31%

3Y24.47%

TTM-

Profit (Net Income) CAGR

10Y7.57%

5Y0.49%

3Y-1.4%

TTM5.72%

EPS CAGR

10Y8.67%

5Y2.57%

3Y1.3%

TTM9.07%

ROCE

10Y Avg10.94%

5Y Avg11.3%

3Y Avg11.73%

Latest8.91%

Peer Comparison

International Trade Banking

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
CATYCathay General Bancorp	3.46B	50.81	12.86	6.11%	20.56%	10.5%	9.42%	0.08
IBOCInternational Bancshares Corporation	4.39B	70.69	10.76	7.5%	39.23%	13.44%	10.46%	0.23
BLXBanco Latinoamericano de Comercio Exterior, S. A.	1.29B	44.99	8.03	18.61%	25.4%	15.57%		3.43
HDBHDFC Bank Limited	166.72B	32.51	0.23	19.15%	16.06%	12.21%	100%	0.86
IBNICICI Bank Limited	110.22B	30.82	0.22	25.19%	17.32%	15.31%		0.62
MFGMizuho Financial Group, Inc.	104.86B	8.49	0.12	9.47%	10.3%	9.11%		5.79
KBKB Financial Group Inc.	31.94B	89.08	0.01	3.73%	13.45%	9.46%	100%	2.35
SHGShinhan Financial Group Co., Ltd.	26.05B	54.10	0.01	4.66%	12.58%	8.03%	100%	2.55

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	379.74M	417.87M	495.71M	565.9M	574.91M	552.11M	597.75M	733.7M	741.75M	674.05M
NII Growth %	0.11%	0.1%	0.19%	0.14%	0.02%	-0.04%	0.08%	0.23%	0.01%	-0.09%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	453.71M	499.07M	576.15M	687.96M	769.27M	700.57M	666.51M	851.28M	1.24B	1.33B
Interest Expense	73.96M	81.2M	80.44M	122.06M	194.36M	148.46M	68.76M	117.58M	500.48M	660.92M
Loan Loss Provision	-11.4M	-15.65M	-2.5M	-4.5M	-7M	57.5M	-16.01M	14.54M	25.98M	37.5M
Non-Interest Income+	32.67M	33.37M	30.67M	31.37M	44.75M	42.82M	54.6M	56.81M	68.29M	55.66M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	486.38M	532.44M	606.82M	719.32M	814.02M	743.39M	721.11M	908.1M	1.31B	1.39B
Revenue Growth %	0.06%	0.09%	0.14%	0.19%	0.13%	-0.09%	-0.03%	0.26%	0.44%	0.06%
Non-Interest Expense	202.72M	224.69M	230.57M	264.08M	277.29M	283.46M	286.52M	303.43M	380.48M	374.68M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	221.1M	242.2M	298.31M	337.69M	349.37M	253.97M	381.84M	472.54M	403.58M	317.54M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.01%	0.1%	0.23%	0.13%	0.03%	-0.27%	0.5%	0.24%	-0.15%	-0.21%
Pretax Income+	221.1M	242.2M	298.31M	337.69M	349.37M	253.97M	381.84M	472.54M	403.58M	317.54M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	59.99M	67.1M	122.27M	65.8M	70.23M	25.11M	83.54M	111.89M	49.46M	31.56M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	161.11M	175.1M	176.04M	271.88M	279.13M	228.86M	298.3M	360.64M	354.12M	285.98M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.17%	0.09%	0.01%	0.54%	0.03%	-0.18%	0.3%	0.21%	-0.02%	-0.19%
Net Income (Continuing)	161.11M	175.1M	176.04M	271.88M	279.13M	228.86M	298.3M	360.64M	354.12M	285.98M
EPS (Diluted)+	1.98	2.19	2.17	3.34	3.48	2.87	3.80	4.83	4.86	3.95
EPS Growth %	0.15%	0.11%	-0.01%	0.54%	0.04%	-0.18%	0.32%	0.27%	0.01%	-0.19%
EPS (Basic)	2.00	2.21	2.19	3.35	3.49	2.88	3.81	4.85	4.88	3.97
Diluted Shares Outstanding	81.3M	79.93M	81M	81.61M	80.25M	79.78M	78.57M	74.67M	72.86M	72.33M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	180.13M	218.02M	247.06M	225.33M	177.24M	138.62M	134.14M	195.44M	173.99M	157.17M
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	12.51B	13.87B	14.92B	16.08B	17.47B	18.44B	19.97B	20.89B	22B	21.96B
Investments Growth %	0.16%	0.11%	0.08%	0.08%	0.09%	0.06%	0.08%	0.05%	0.05%	-0%
Long-Term Investments	10.39B	11.59B	13.3B	14.46B	15.6B	16.12B	16.52B	18.45B	19.74B	20.4B
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	372.19M	372.19M	372.19M	372.19M	372.19M	372.19M	372.19M	375.7M	375.7M	375.7M
Intangible Assets	3.68M	2.95M	8.06M	7.19M	6.3M	5.43M	4.63M	5.76M	4.46M	3.33M
PP&E (Net)	108.92M	105.61M	103.06M	103.19M	138.23M	133.92M	127.24M	124.4M	123.17M	117.32M
Other Assets	46.63M	-83.67M	-59.37M	-54.68M	-118.73M	-102.21M	225.13M	274.34M	308.21M	346.21M
Total Current Assets	2.33B	2.54B	1.92B	1.89B	2.1B	2.52B	3.63B	2.72B	2.53B	1.81B
Total Non-Current Assets	10.92B	11.98B	13.72B	14.89B	15.99B	16.53B	17.25B	19.23B	20.55B	21.25B
Total Assets+	13.25B	14.52B	15.64B	16.79B	18.1B	19.04B	20.89B	21.95B	23.08B	23.05B
Asset Growth %	0.15%	0.1%	0.08%	0.07%	0.08%	0.05%	0.1%	0.05%	0.05%	-0%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.02%	0.02%	0.01%	0.01%	0.02%	0.02%	0.01%
Accounts Payable	0	0	0	0	0	0	0	0	0	0
Total Debt+	812.73M	836.8M	741.62M	736.75M	879.71M	326.33M	192.97M	659.25M	709.72M	227.73M
Net Debt	632.6M	618.78M	494.56M	511.41M	699.97M	187.72M	58.83M	463.81M	535.73M	70.56M
Long-Term Debt	412.73M	486.8M	641.62M	736.75M	818.16M	292.85M	162.28M	626.74M	674.92M	196.88M
Short-Term Debt	400M	350M	100M	0	25.68M	0	0	0	0	0
Other Liabilities	184.53M	180.71M	235.37M	223.78M	227.84M	189.25M	188.66M	309.4M	309.79M	295.05M
Total Current Liabilities	10.91B	12.02B	12.79B	13.7B	14.72B	16.11B	18.06B	18.51B	19.33B	19.69B
Total Non-Current Liabilities	597.26M	667.5M	876.99M	960.53M	1.08B	515.59M	381.63M	968.66M	1.02B	522.78M
Total Liabilities	11.51B	12.69B	13.67B	14.66B	15.8B	16.62B	18.44B	19.47B	20.34B	20.21B
Total Equity+	1.75B	1.83B	1.97B	2.12B	2.29B	2.42B	2.45B	2.47B	2.74B	2.85B
Equity Growth %	0.09%	0.05%	0.08%	0.08%	0.08%	0.05%	0.01%	0.01%	0.11%	0.04%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.1%	0.1%	0.09%	0.13%	0.13%	0.1%	0.12%	0.15%	0.14%	0.1%
Book Value per Share	21.50	22.88	24.29	26.00	28.59	30.31	31.13	33.14	37.56	39.34
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	870K	878K	891K	898K	900K	906K	909K	911K	914K	916K
Additional Paid-in Capital	880.82M	895.48M	932.87M	942.06M	950.47M	964.73M	972.47M	981.12M	987.95M	993.96M
Retained Earnings	1.06B	1.18B	1.28B	1.48B	1.66B	1.79B	1.99B	2.24B	2.5B	2.69B
Accumulated OCI	-8.43M	-3.71M	-2.51M	-18.01M	2.3M	5.31M	-3.06M	-102.3M	-85.42M	-85.61M
Treasury Stock	-185.15M	-239.59M	-239.59M	-282.24M	-318.54M	-342.13M	-509.24M	-650.55M	-667.22M	-751.92M
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	176.7M	234.4M	248.87M	336.54M	434.98M	319.95M	334.32M	467.39M	384.74M	329.15M
Operating CF Growth %	0.18%	0.33%	0.06%	0.35%	0.29%	-0.26%	0.04%	0.4%	-0.18%	-0.14%
Net Income	161.11M	175.1M	176.04M	271.88M	279.13M	228.86M	298.3M	360.64M	354.12M	285.98M
Depreciation & Amortization	7.57M	7.49M	7.26M	7.31M	15.12M	16.51M	16.12M	19.8M	18.1M	16.83M
Deferred Taxes	2M	15.95M	34.55M	2.34M	9.82M	-9.49M	9.17M	-2.09M	-4.78M	-20.76M
Other Non-Cash Items	20M	20.21M	2.17M	47.16M	103.48M	120.25M	38.5M	58.77M	85.98M	93.07M
Working Capital Changes	-18.93M	10.69M	23.11M	-136K	20.07M	-42.58M	-34.58M	22.43M	-76.52M	-52.77M
Cash from Investing+	-1.18B	-853.49M	-903.99M	-1.13B	-1.38B	-242.2M	-859.92M	-1.85B	-1.48B	184.03M
Purchase of Investments	-342.76M	-941.33M	-607.57M	-497.79M	-822.9M	-513.28M	-589.37M	-718.7M	-668.95M	-1.39B
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	6.57M	0	-1.39M	0	0	0	0	-73.88M	0	0
Other Investing	-1.39B	-368.94M	-966.13M	-1.18B	-1.15B	-577.99M	-712.32M	-1.27B	-1.33B	137.44M
Cash from Financing+	1B	1.09B	4.83M	863.28M	940.18M	749.55M	1.55B	94.74M	758.74M	-302.47M
Dividends Paid	-45.28M	-59.27M	-69.89M	-83.43M	-99.13M	-98.69M	-99.32M	-100.95M	-98.64M	-97.97M
Share Repurchases	-59.41M	-54.44M	0	-42.65M	-36.3M	-23.59M	-167.1M	-141.32M	-16.67M	-84.7M
Stock Issued	4.17M	2.28M	2.53M	2.82M	3.37M	9.78M	3.56M	3.72M	3.49M	2.93M
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	-1000K	1000K	1000K	1000K	1000K	-1000K	-1000K	1000K	1000K	-1000K
Other Financing	1.25B	1.13B	-52.81M	915.94M	987.63M	1.42B	1.95B	-131.71M	815.55M	357.27M
Net Change in Cash+	3.3M	468.07M	-650.28M	65.49M	-6.51M	827.3M	1.03B	-1.29B	-333.6M	210.72M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	176.83M	717.01M	1.19B	534.8M	600.29M	593.78M	1.42B	2.45B	1.16B	828.8M
Cash at End	180.13M	1.19B	534.8M	600.29M	593.78M	1.42B	2.45B	1.16B	828.8M	1.04B
Interest Paid	72.87M	81.79M	81.07M	116.52M	182.53M	162.43M	75.49M	105.52M	484.86M	662.07M
Income Taxes Paid	69.07M	38.67M	76.71M	65.87M	61.55M	45.37M	92.69M	96.88M	70.33M	56.17M
Free Cash Flow+	173.18M	230.88M	245.69M	329.87M	427.85M	314.18M	330.59M	464M	381.34M	325.52M
FCF Growth %	0.19%	0.33%	0.06%	0.34%	0.3%	-0.27%	0.05%	0.4%	-0.18%	-0.15%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	9.62%	9.79%	9.28%	13.3%	12.64%	9.71%	12.26%	14.66%	13.59%	10.25%
Return on Assets (ROA)	1.3%	1.26%	1.17%	1.68%	1.6%	1.23%	1.49%	1.68%	1.57%	1.24%
Net Interest Margin	2.87%	2.88%	3.17%	3.37%	3.18%	2.9%	2.86%	3.34%	3.21%	2.92%
Efficiency Ratio	41.68%	42.2%	38%	36.71%	34.06%	38.13%	39.73%	33.41%	29.03%	26.94%
Equity / Assets	13.19%	12.59%	12.58%	12.64%	12.68%	12.7%	11.71%	11.27%	11.86%	12.34%
Book Value / Share	21.5	22.88	24.29	26	28.59	30.31	31.13	33.14	37.56	39.34
NII Growth	10.78%	10.04%	18.63%	14.16%	1.59%	-3.97%	8.27%	22.74%	1.1%	-9.13%
Dividend Payout	28.11%	33.85%	39.7%	30.69%	35.51%	43.12%	33.3%	27.99%	27.85%	34.26%

Revenue by Segment

	2020	2021	2022	2023	2024
Wealth Management Fees	10.53M	15.06M	16.44M	17.51M	24.05M
Wealth Management Fees Growth	-	43.00%	9.17%	6.51%	37.41%
Other Service Fees	13.74M	15.4M	16.35M	17.2M	18.9M
Other Service Fees Growth	-	12.07%	6.16%	5.22%	9.89%
Fees and Services Charges on Deposit Account	7.96M	8.62M	9.39M	9.2M	9.3M
Fees and Services Charges on Deposit Account Growth	-	8.20%	9.00%	-2.02%	1.10%

Frequently Asked Questions

Valuation & Price

Cathay General Bancorp (CATY) has a price-to-earnings (P/E) ratio of 12.9x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Cathay General Bancorp (CATY) grew revenue by 6.1% over the past year. This is steady growth.

Yes, Cathay General Bancorp (CATY) is profitable, generating $304.8M in net income for fiscal year 2024 (20.6% net margin).

Dividend & Returns

Yes, Cathay General Bancorp (CATY) pays a dividend with a yield of 2.67%. This makes it attractive for income-focused investors.

Cathay General Bancorp (CATY) has a return on equity (ROE) of 10.2%. This is reasonable for most industries.

Industry Metrics

Cathay General Bancorp (CATY) has a net interest margin (NIM) of 2.9%. NIM has been under pressure due to interest rate environment.

Cathay General Bancorp (CATY) has an efficiency ratio of 26.9%. This is excellent, indicating strong cost control.

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