Cathay General Bancorp

CATY · Nasdaq · Financials · Financials, fiscal 2016 to 2025

CATY · Last close · November 6, 2026

$64.22

Cathay General Bancorp's revenue rose 12.1% to $818 million in fiscal 2025. Net income was $315 million, up 10.2%. Its return on equity was 10.9%, up from 10.2% a year earlier. Its efficiency ratio was 43.4%, down from 51.4% a year earlier. It paid out $274 million in dividends and buybacks. The diluted share count fell 4.0%.

Cathay General Bancorp Latest fiscal year ended December 31, 2025 10-K filed March 2, 2026 · 0001437749-26-006157 Updated November 7, 2026

Revenue

$818M

12.1%

Net income

$315M

10.2%

Return on equity

10.9%

0.7 pts

Return on tangible equity

12.6%

0.7 pts

Efficiency ratio

43.4%

7.9 pts

Market cap

$4.3B

Nov 6 close

P/E

11.8x

On $5.42 EPS, 4 qtrs

Return on equity is net income as a share of shareholders' equity; return on tangible equity leaves out goodwill and other intangible assets. The efficiency ratio is operating costs as a share of revenue, so lower means the bank spends less to earn each dollar. Market cap is the last closing share price times the latest diluted share count, so it is approximate. P/E is the last close divided by diluted earnings per share over the last four quarters, or the latest fiscal year where the quarters aren't available; there is none when the company made a loss.

Charts show fiscal years, from the 10-K filings.

What Cathay General Bancorp does

Cathay General Bancorp is the holding company for Cathay Bank, a California state-chartered commercial bank. The company was organized in 1990. Its main office is in Los Angeles. It is regulated as a bank holding company by the Federal Reserve, and the bank is regulated by California's financial regulator and the FDIC.

Like other banks, Cathay takes deposits and makes loans and offers other banking services, and it earns the difference between what it charges on loans and pays on deposits, plus fees. Its loan portfolio is largely secured by real estate. At December 31, 2025 it had $24.23 billion in total consolidated assets.

The company competes for loans and deposits with savings banks, credit unions, brokerage firms and other financial companies. In California, it says, one larger Chinese-American bank and at least two super-regional banks compete with it. It has limited partnerships investing in affordable housing and trusts that issued capital securities.

Its biggest risks, as it describes them

Weak economic conditions in California and the other markets it serves.
A real estate downturn, because most of its loans are secured by real estate.
Conditions in Asia and elsewhere that could hurt its customers and business.
Having to set aside more for loans that are not repaid.
Interest rate changes that shrink what it earns from loans after paying for deposits.

From Cathay General Bancorp's annual report on Form 10-K, filed March 2, 2026, in our words; the 10-K has the full description and every risk factor. Updated with each new annual report.

Income statement

Revenue and net income

US$ billions, fiscal years; net losses in red. Revenue on the left axis, net income on the right; zero is the same line on both. Revenue is net of interest expense.

Revenue (left axis)Net income (right axis)

Efficiency ratio and net interest income

Percent of revenue. The efficiency ratio is noninterest expense over revenue.

Efficiency ratioNet interest income share

From fiscal 2016 to 2025, earnings per share grew 8.4% a year and net income 6.7% a year, as buybacks cut the share count by 13%.

Diluted earnings per share

US$ per share, fiscal years, restated for any stock splits; loss years in red.

Return on equity

Percent. Net income over average equity; tangible equity excludes goodwill, intangibles and preferred stock.

Return on equityReturn on tangible common equity

Balance sheet

Loans and deposits

US$ billions, at each fiscal year end

Loans, netDeposits

Total assets and shareholders' equity

US$ billions, at each fiscal year end. Assets on the left axis, equity on the right.

Total assets (left axis)Equity (right axis)

Five years at a glance

Fiscal year end	FY21	FY22	FY23	FY24	FY25
Loans, net	16,202	—	—	19,204	19,936
Deposits	18,059	18,505	19,325	19,686	20,894
Loans to deposits	89.7%	—	—	97.5%	95.4%
Provision for credit losses	−11	13	26	37	73
Provision to average loans	−0.1%	—	—	—	0.4%
Total assets	20,887	21,948	23,082	23,055	24,230
Shareholders' equity	2,446	2,474	2,737	2,846	2,925

US$ millions unless stated, at each fiscal year end.

Cash flow

Stock-based compensation and buybacks

US$ billions, fiscal years. Shares paid to employees (stock-based compensation, a cost that uses no cash) against cash spent buying shares back. Buybacks that only match it leave the share count roughly where it was.

Stock-based compensationShare buybacks

Dividends and buybacks

US$ billions, cash paid in each fiscal year

DividendsShare buybacks

Diluted share count

Weighted-average diluted shares, millions

Projections

Project Cathay General Bancorp's revenue, net income and earnings per share five years ahead in a bull, a base and a bear case with your own figures, and see the share prices your P/E estimates give them. Every projected figure is yours: it is not a forecast of ours.

Open Cathay General Bancorp's projections

Insider trades

Over the 12 months between November 7, 2025 and November 6, 2026, no insider bought Cathay General Bancorp shares on the open market, and 8 insiders sold $8.0 million, $243,493 of it under trading plans set up in advance.

Buys and sells by month

US$ millions, open-market purchases (up) and sales (down) by officers, directors and 10% owners in each month.

BoughtSold

Date	Insider	Trade	Shares	Price	Value	Filing
Sep 2, 2026	Richard SunDirector	Sold	1,000	$62.32	$62,320	Form 4
Aug 25, 2026	Thomas M. LoEVP, Chief Admin Officer	Sold	1,600	$62.47	$99,952	Form 4
Aug 25, 2026	Richard SunDirector	Sold	1,000	$62.08	$62,080	Form 4
Aug 10, 2026	Richard SunDirector	Sold	3,000	$63.09	$189,270	Form 4
Jul 31, 2026	Richard SunDirector	Sold	5,000	$62.43	$312,150	Form 4
Jul 30, 2026	Richard SunDirector	Sold	5,000	$63.31	$316,550	Form 4
Jul 29, 2026	Richard SunDirector	Sold	20,000	$63.31	$1.3 million	Form 4
Jun 9, 2026	Anthony M TangVice Chairman, Director	Sold	5,000	$59.92	$299,600	Form 4
Jun 8, 2026	Anthony M TangVice Chairman, Director	Sold	10,000	$58.90	$589,000	Form 4
Jun 5, 2026	Anthony M TangVice Chairman, Director	Sold	5,000	$58.37	$291,850	Form 4
Jun 4, 2026	Anthony M TangVice Chairman, Director	Sold	10,000	$58.16	$581,600	Form 4
May 5, 2026	Peter WuVice Chairman, Director	Sold	20,000	$57.33	$1.1 million	Form 4

The latest 12 of 22 trades. Open-market purchases and sales by officers, directors and 10% owners, from their Form 4 filings with the SEC: one row per person, day and filing, at the day's average price. Grants, option exercises and shares withheld for tax aren't counted. Insiders buy and sell for many reasons, such as taxes, spreading their savings or a plan set up months earlier, so a trade on its own says little about where a company is heading. For information only, not investment advice. Insider trades at all companies

Compare

Put Cathay General Bancorp side by side with any other company we cover: revenue, growth, margins, cash flow and returns, with ten years of charts.

Similar companies

Company	Year	Revenue growth	Net margin	Return on equity	Return on tangible equity	Efficiency ratio	Compare
Cathay General Bancorp	FY25	12.1%	38.5%	10.9%	12.6%	43.4%
Community Bank System	FY25	9.6%	25.7%	11.2%	20.7%	63.7%	Compare
Customers Bancorp	FY25	14.5%	27.4%	11.3%	11.0%	52.8%	Compare
Trustmark	FY25	42.6%	28.0%	11.0%	13.1%	64.0%	Compare
Pathward Financial	FY25	5.3%	22.1%	22.1%	34.5%	66.7%	Compare

Each company's latest fiscal year. Fiscal years end in different months, so the periods don't line up exactly.

10 years of figures

Fiscal year	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Income statement
Revenue	451	532	598	620	595	652	790	810	730	818
Revenue growth	9.4%	17.9%	12.3%	3.7%	−4.0%	9.7%	21.2%	2.5%	−9.9%	12.1%
Net interest income	418	496	566	575	552	598	734	742	674	742
Noninterest income	33	36	32	45	43	55	57	68	56	75
Noninterest expense	225	236	264	277	284	286	303	380	375	355
Provision for credit losses	−16	−2	−4	−7	58	−11	13	26	37	73
Net income	175	176	272	279	229	298	361	354	286	315
Diluted EPS (US$)	2.19	2.17	3.33	3.48	2.87	3.80	4.83	4.86	3.95	4.54
Diluted shares (millions)	80	81	82	80	80	79	75	73	72	70
Payouts
Dividends paid	59	70	83	99	99	99	101	99	98	94
Share buybacks	54	0	43	36	24	167	141	17	85	180
Balance sheet at fiscal year end
Loans, net	11,077	12,744	13,872	14,952	15,475	16,202	—	—	19,204	19,936
Deposits	11,675	12,690	13,702	14,692	16,109	18,059	18,505	19,325	19,686	20,894
Total assets	14,521	15,640	16,785	18,094	19,043	20,887	21,948	23,082	23,055	24,230
Shareholders' equity	1,828	1,973	2,122	2,294	2,418	2,446	2,474	2,737	2,846	2,925
Ratios
Return on equity	9.8%	9.3%	13.3%	12.6%	9.7%	12.3%	14.7%	13.6%	10.2%	10.9%
Return on tangible common equity	12.4%	11.6%	16.3%	15.3%	11.6%	14.5%	17.3%	15.9%	11.9%	12.6%
Return on assets	1.3%	1.2%	1.7%	1.6%	1.2%	1.5%	1.7%	1.6%	1.2%	1.3%
Efficiency ratio	49.8%	44.4%	44.2%	44.8%	47.6%	43.9%	38.4%	47.0%	51.4%	43.4%

US$ millions unless stated. Where a later 10-K restated a year, the latest filed figure is shown. Download all figures (CSV, US$ millions)

Source: Cathay General Bancorp's Form 10-K filings, from SEC EDGAR. For information only, not investment advice. The Filing Desk is not affiliated with Cathay General Bancorp.