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Cathay General Bancorp operates as the holding company for Cathay Bank that offers various commercial banking products and services to individuals, professionals, and small to medium-sized businesses in the United States. It offers savings accounts, checking accounts, money market deposit accounts, certificates of deposit, individual retirement accounts, and public funds deposits, and acceptance of checking, savings, demand deposits, time deposits, real estate, and consumer loans. The company also provides loan products, such as commercial real estate loans, commercial loans, small business administration loans, residential mortgage loans, real estate construction loans, and home equity lines of credit, and installment loans to individuals for household and other consumer expenditures. In addition, it offers trade financing, letter of credit, wire transfer, foreign currency spot and forward contract, safe deposit, overdraft, cash checking, automatic teller machine, Internet banking, investment, and other customary bank services, as well as investment products and services, such as stocks, bonds, mutual funds, insurance, annuities, and advisory services. The company was formerly known as Cathay Bancorp, Inc. and changed its name to Cathay General Bancorp in November 2003. Cathay General Bancorp was founded in 1962 and is headquartered in Los Angeles, California.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $818M | - | $315M | $364M | 10.8% | 12.1% | 10.2% |
| 2024 | $730M | - | $286M | $326M | 10.0% | -9.9% | -19.2% |
| 2023 | $810M | - | $354M | $381M | 12.9% | 2.5% | -1.8% |
| 2022 | $791M | - | $361M | $464M | 14.6% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 790.51 | 810.04 | 729.72 | 817.89 |
| Pretax Income | - | 472.54 | 403.58 | 317.54 | 390.20 |
| Tax Provision | - | 111.89 | 49.46 | 31.56 | 75.07 |
| Net Income | - | 360.64 | 354.12 | 285.98 | 315.12 |
| Net Income Common Stockholders | - | 360.64 | 354.12 | 285.98 | 315.12 |
| Interest Expense | - | 117.58 | 500.48 | 660.92 | 566.80 |
| Interest Income | - | 851.28 | 1,242.22 | 1,334.98 | 1,309.26 |
| Selling General And Administration | - | 157.45 | 183.62 | 188.18 | 194.81 |
| Normalized Income | - | 363.79 | 354.71 | 285.98 | 315.12 |
| Market Cap | 3,646.52 | 3,646.52 | 3,646.52 | 3,646.52 | 3,646.52 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Cathay General Bancorpthis co. | CATY | $3.8B | 11.57 | 1.25 | 10.8% | - |
| Assured Guaranty Ltd. | AGO | $4.0B | 7.44 | 0.66 | 8.9% | - |
| Bread Financial Holdings, Inc. | BFH | $4.0B | 6.87 | 1.07 | 15.6% | - |
| Fulton Financial Corporation | FULT | $4.0B | 10.53 | 1.25 | 11.9% | - |
| PJT Partners Inc. | PJT | $3.9B | 33.69 |
| - |
| - |
| - |
| - |
| - |
| 19.69 |
| 58.4% |
| 15.08 |
| WSFS Financial Corporation | WSFS | $3.8B | 12.96 | 1.36 | 10.5% | - |
| CleanSpark, Inc. | CLSK | $3.7B | 8.95 | 1.50 | 16.8% | 5.30 |
| Banc of California, Inc. | BANC | $3.6B | 12.67 | 0.95 | 7.5% | - |
| First Interstate BancSystem, Inc. | FIBK | $3.6B | 11.23 | 0.98 | 8.8% | - |
| Peer Median | - | 10.88 | 1.16 | 11.2% | 10.19 | |