Cathay General Bancorp Q3 net income rises on higher interest income from loans
CATY•Cathay General Bancorp reported Q3 net income of $95.2 million and EPS of $1.43, both higher than the prior quarter and year-ago period. Net interest income reached a record $211.9 million, and net interest margin expanded to 3.52%.
1. Q3 results
Cathay General Bancorp said Q3 net income and EPS rose from the prior quarter and year-ago period, reaching $95.2 million and $1.43, respectively. Record net interest income of $211.9 million was driven mainly by higher interest income from loans and deposits with banks; net interest margin expanded to 3.52%.
