Cathay General Bancorp
Commercial bank for real estate, business lending, deposits, mortgages, and wealth management.
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Profile
Provides commercial real estate, business and SBA loans, residential mortgages, deposits, treasury services, and wealth management through Cathay Bank. Interest on a deposit-funded loan book drives revenue; commercial real estate makes up more than half of lending across a branch network concentrated in California and New York.
Operates Cathay Bank, a California-chartered commercial bank serving individuals, professionals, and small to midsize businesses. Core offerings include commercial real estate and construction finance, commercial and SBA loans, residential mortgages and home-equity lines, deposits, treasury and payment services, international banking, and Cathay Wealth Management.
Builds its franchise through multilingual relationship banking, with branches concentrated in California and New York and a broader U.S. footprint, a Hong Kong branch, and representative offices in Beijing, Shanghai, and Taipei. Client deposits fund most lending, while interest on loans drives revenue and service, trade-finance, and wealth-management fees add smaller streams. Commercial real estate accounts for more than half the loan book, tying performance to deposit pricing, interest rates, property collateral and borrower credit quality under bank capital and liquidity rules.
Company facts
Categories
Key statistics
Year to date +27.1% · Average volume (30d) 422.7K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Jul 27, 2026 | Piper Sandler | Reiterate | Underweight | $47 | $53 |
| Jul 23, 2026 | DA Davidson | Reiterate | Neutral | $52 | $66 |
| Jul 23, 2026 | Stephens | Target | $50 | $63 | |
| Apr 27, 2026 | Piper Sandler | Reiterate | Underweight | $47 | |
| Oct 23, 2025 | DA Davidson | Reiterate | Neutral | $51 | $52 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 22, 2026Q2 FY26 | $1.35 | $1.37 | +1.5% | $218.3M | $221.2M | +1.3% | +1.91% |
| Apr 22, 2026Q1 FY26 | $1.19 | $1.29 | +8.4% | $211.4M | $213.2M | +0.8% | +2.73% |
| Jan 22, 2026Q4 FY25 | $1.20 | $1.33 | +10.8% | $211.8M | $222.8M | +5.2% | −3.00% |
| Oct 21, 2025Q3 FY25 | $1.15 | $1.13 | −1.7% | $202.7M | $210.6M | +3.9% | −2.04% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $330.6M | $338.3M | $355.2M | $360.6M | $326.3M | $348.9M | |
| Gross profit | $172.3M | $185.4M | $181.9M | $222.8M | $179.4M | $211.1M | |
| Operating income | $86.7M | $96.3M | $93.8M | $130.7M | $110.0M | $126.8M | |
| Net income | $69.5M | $77.5M | $77.7M | $90.5M | $86.9M | $92.2M | |
| Diluted EPS | $0.98 | $1.10 | $1.13 | $1.33 | $1.29 | $1.37 | |
| Gross margin | 52.1% | 54.8% | 51.2% | 61.8% | 55.0% | 60.5% | |
| Operating margin | 26.2% | 28.5% | 26.4% | 36.2% | 33.7% | 36.3% |
Fiscal years (4-quarter sums)FY21 $721.1M · FY22 $908.1M · FY23 $1.31B · FY24 $1.39B · FY25 $1.38B
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $3.01B · Total debt $154.3M · Total assets $24.65B · Shareholders' equity $3.05B
Dividends
Raised for 15 straight years — most recently to $0.38 from $0.34 in Feb 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 28, 2026 | Aug 28 | Sep 8 | $0.38 | |
| May 28, 2026 | May 28 | Jun 9 | $0.38 | |
| Feb 26, 2026 | Feb 26 | Mar 9 | $0.38 | raised from $0.34 |
| Dec 1, 2025 | Dec 1 | Dec 11 | $0.34 | |
| Aug 28, 2025 | Aug 28 | Sep 8 | $0.34 | |
| May 29, 2025 | May 29 | Jun 9 | $0.34 | |
| Feb 27, 2025 | Feb 27 | Mar 10 | $0.34 | |
| Nov 27, 2024 | Nov 27 | Dec 9 | $0.34 |
Ownership
Shares outstanding 67.04M · Float 63.52M · 94.8% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 9.75M | 14.55% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 4.12M | 6.14% | 13F | Aug 13, 2026 |
| Dimensional Fund Advisors LP | 4.07M | 6.07% | 13F | Aug 11, 2026 |
| State Street Corp | 3.53M | 5.27% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 2.90M | 4.33% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 25, 2026 | Richard Sun | director | −1,000 | $62.08 |
| Aug 25, 2026 | Thomas M. Lo | officer: EVP, Chief Admin Officer | −1,600 | $62.47 |
| Aug 10, 2026 | Richard Sun | director | −3,000 | $63.09 |
| Jul 31, 2026 | Richard Sun | director | −5,000 | $62.43 |
| Jul 30, 2026 | Richard Sun | director | −5,000 | $63.31 |
Peers
- East West Bancorp
Larger Asian American bank for commercial, CRE, deposits, and U.S.-Asia banking
- Bank of Hope
Asian American commercial bank overlap in CRE, SBA, deposits, and trade finance
- Preferred Bank
Chinese American-origin commercial bank in California, New York, and Texas
- Hanmi Financial
Korean American community bank overlap in CRE, SBA, deposits, and trade finance
- Wells Fargo
Large California bank competing for deposits, CRE, treasury, and small business
- Bank of America
Scale competitor for deposits, commercial banking, CRE, and payments
- PCB
Smaller Korean American bank competing in SBA, CRE, deposits, and local business
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Cathay General Bancorp | $61.87 | +0.03% | $4.15B | 12.1 | 10.8 | 3.0 | +12.5% |
| East West Bancorp | $129.44 | −0.02% | $17.73B | 12.4 | 11.9 | 3.8 | +12.5% |
| Bank of Hope | $13.92 | 0.00% | $1.78B | 13.9 | 10.7 | 1.8 | +56.3% |
| Preferred Bank | $103.53 | +0.15% | $1.23B | 9.5 | 9.6 | 2.4 | +4.0% |
| Hanmi Financial | $31.14 | +0.06% | $926.9M | 10.5 | 9.6 | 2.4 | +10.1% |
| Wells Fargo | $86.69 | +0.01% | $262.12B | 12.5 | 11.6 | 2.0 | +8.6% |
| Bank of America | $62.30 | −0.04% | $442.26B | 14.4 | 12.7 | 2.3 | +19.3% |
| PCB | $27.49 | −0.25% | $391.3M | 9.5 | 9.4 | 1.8 | +4.8% |
| Median | 12.4 | 10.7 | 2.3 | +10.1% |