CATHAY GENERAL BANCORP (CATY) Form 10-Q — Aug 7, 2026

$CATYForm 10-QFiled Aug 7, 2026, 3:17 PM ET0001437749-26-026554Original filing

Cathay General Bancorp reported Q2 2026 net income of $92.2 million, up 19.0% from $77.5 million a year earlier, with diluted EPS of $1.37 versus $1.10. H1 2026 net income was $179.1 million, up 21.9% YoY. Net interest income rose 10.9% to $200.9 million as net interest margin expanded to 3.48% from 3.27%, and non-interest income jumped 39.0% to $21.4 million despite a $10.6 million realized loss on a June 2026 securities portfolio repositioning. Credit quality improved year over year, with non-accrual loans down 35.9% to $111.7 million and NPAs at 0.59% of assets, though the allowance for loan losses rose to $218.9 million (1.06% of loans) and CRE non-accruals edged up 18% from year-end.

Key figures

Eps: $1.37 diluted (Q2 2026) vs $1.10 (Q2 2025); $2.66 diluted (H1 2026) vs $2.09 (H1 2025)
Net Income: $92.2 million (Q2 2026, +19.0% YoY); $179.1 million (H1 2026, +21.9% YoY)
Total Debt: $119.1 million long-term debt (Junior Subordinated Notes, weighted average rate 6.21%)
Total Assets: $24.65 billion at June 30, 2026 (up 1.7% from $24.23 billion at Dec 31, 2025)
Cash Position: $1.33 billion cash, cash equivalents and restricted cash at June 30, 2026
Shares Outstanding: 66713820
Q2 buyback: 242,148 shares at $58.00 average, $14.0 million total
Total deposits: $21.06 billion
Gross loans hfi: $20.62 billion (+2.4% YTD)
Non accrual loans: $111.7 million (-0.6% YTD, -35.9% YoY)
Buyback authorization: $200.0 million (increased from $150.0 million on July 16, 2026)
Non performing assets: $145.4 million, 0.59% of total assets
Afs repositioning loss: $10.6 million realized loss on sale of $160.2 million book value securities in June 2026
Q2 net interest income: $200.9 million (+10.9% YoY)
Efficiency ratio q2 2026: 41.53%
Allowance for loan losses: $218.9 million, 1.06% of total loans (up from 0.97% at Dec 31, 2025)
Dividend per share q2 2026: $0.38 vs $0.34 Q2 2025
Effective tax rate q2 2026: 22.4% vs 19.6% Q2 2025
Net interest margin q2 2026: 3.48% vs 3.27% Q2 2025
Fhlb unused borrowing capacity: $7.05 billion
Cre loans to risk based capital: 277%
Return on average assets q2 2026: 1.52%
Return on average equity q2 2026: 12.21%
Provision for credit losses q2 2026: $11.2 million (flat YoY)

Price after filing

1 day: 0.0%7 days: +2.4%30 days: -1.1%

Close on the filing date to close N calendar days later (from $63.41). Historical, not a forecast.

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