Cathay General net income rises 19% YoY to $92.2 million in 2Q26; EPS climbs 24% to $1.37

CATY•2026-07-22

Cathay General Bancorp posted 2Q 2026 net income of $92.2 million, up 6% QoQ, with EPS of $1.37, up 6% QoQ.
Net interest income rose to $200.9 million, up 3% QoQ, lifting net interest margin by 5 basis points to 3.48%.
Total assets climbed 3% QoQ to $24.65 billion; loans grew 2% QoQ to $20.62 billion, deposits increased 2% QoQ to $21.06 billion.
Provision for credit losses fell 38% QoQ to $11.2 million; allowance for credit losses increased 5% QoQ to $218.9 million.
Board actions included raising share repurchase authorization to $200 million from $150 million, pending regulatory approval, and planning to extinguish $54.1 million of Trust Preferred Securities.

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