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Cathay General Bancorp Announces Fourth Quarter and Full Year 2025 Results

CATY
  • Cathay General Bancorp reported net income of $315.1 million ($4.54 per diluted share) for the year ended December 31, 2025, compared to $286.0 million ($3.95 per share) in 2024.
  • Net income for the fourth quarter of 2025 was $90.5 million ($1.33 per diluted share), an increase from $77.7 million ($1.13 per share) in the third quarter of 2025.
  • The efficiency ratio improved to 41.36% in the fourth quarter of 2025 from 41.84% in the third quarter and 51.35% in the same period of 2024.
  • Net interest margin increased to 3.36% in the fourth quarter of 2025 from 3.31% in the third quarter, driven by lower interest deposit expenses.
  • Total loans increased 4.0% to $20.15 billion in 2025, primarily due to growth in commercial real estate, residential mortgage, commercial, and construction loans.
  • Total deposits rose 6.1% to $20.89 billion in 2025 from $19.69 billion in 2024.
  • Non-interest income increased 32.2% to $27.8 million in the fourth quarter of 2025, mainly due to $6.4 million in unrealized gains on equity securities.
  • Non-interest expense increased 4.6% to $92.2 million in the fourth quarter of 2025, primarily due to higher salaries and employee benefits costs.
  • Provision for credit losses decreased to $17.2 million in the fourth quarter of 2025 from $28.7 million in the third quarter.
  • The allowance for loan losses increased by $11.9 million to $195.9 million as of December 31, 2025, representing 0.97% of gross loans.
  • Total non-performing assets decreased 26.8% to $143.7 million as of December 31, 2025, from $196.3 million in 2024, driven by a 33.6% drop in non-accrual loans.
  • The company repurchased 1,099,803 shares at an average cost of $47.15 per share for a total of $51.9 million during the fourth quarter of 2025.
  • Capital ratios remained in the "well capitalized" category with a Tier 1 risk-based capital ratio of 13.27% and a total risk-based capital ratio of 14.93% as of December 31, 2025.
  • A conference call to discuss the financial results was scheduled for January 22, 2026, at 3:00 p.m. Pacific Time.