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Earnings transcript
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CATY
Cathay General Bancorp
$61.82
-0.22
(-0.35%)
| Exchange: | NASDAQ |
| Market Cap: | 4.144B |
| Shares Outstanding: | 27.164M |
Delayed data
About The Company
| Sector: | Financial Services | |||||
| Industry: | Banks – Regional | |||||
| CEO: | Chang Ming Liu | |||||
| Full Time Employees: | 1268 | |||||
| Address: |
| |||||
| Website: | https://www.cathaygeneralbancorp.com |
Cathay General Bancorp serves as the parent entity for Cathay Bank, a financial institution that delivers a broad spectrum of commercial banking solutions. These services are tailored for individual clients, professional practices, and small to medium-sized enterprises, primarily within the United States. The bank offers a diverse array of deposit products, encompassing passbook, checking, and money market accounts, alongside certificates of deposit (CDs), individual retirement accounts (IRAs), and public sector fund deposits. On the lending side, Cathay Bank provides various loan offerings, including commercial mortgages, general commercial loans, Small Business Administration (SBA) loans, residential mortgages, and real estate construction financing, as well as home equity lines of credit. It also extends personal installment loans designed for household and other consumer expenditures. Beyond its core banking activities, the company furnishes services such as trade financing, letters of credit, wire transfers, foreign currency spot and forward contracts, and traveler’s checks. Additional conveniences include safe deposit boxes, night deposit facilities, Social Security payment deposits, collection services, bank-by-mail, drive-up and walk-up windows, automatic teller machines (ATMs), and internet banking. Furthermore, it offers investment services, various other customary banking provisions, and both securities and insurance products. As of March 1, 2022, Cathay General Bancorp maintained a substantial physical presence, operating 31 branches in Southern California, 16 in Northern California, 10 in New York, four in Washington, and two each in Illinois and Texas. Single branches are located in Maryland, Massachusetts, Nevada, New Jersey, and Hong Kong. The corporation also maintains representative offices in Beijing, Taipei, and Shanghai. Established in 1962, the company maintains its headquarters in Los Angeles, California.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 1,310,514 | 1,390,639 | 1,384,692 |
| Gross Profit | 784,060 | 692,219 | 762,461 |
| EBITDA | 421,686 | 334,371 | 431,076 |
| Operating Income | 403,582 | 317,542 | 407,398 |
| Net Income | 354,124 | 285,979 | 315,124 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 23,081,534 | 23,054,681 | 24,229,575 |
| Total Liabilities | 20,344,959 | 20,208,977 | 21,304,187 |
| Total Stockholders Equity | 2,736,575 | 2,845,704 | 2,925,388 |
| Total Debt | 709,720 | 227,727 | 208,922 |
| Cash and Cash Equivalents | 173,988 | 157,167 | 146,320 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 384,742 | 329,155 | 368,569 |
| Capital Expenditure | -3,401 | -3,636 | 0 |
| Free Cash Flow | 381,341 | 325,519 | 368,569 |
| Net Income | 354,124 | 285,979 | 315,124 |
| Net Change in Cash | -333,601 | 210,719 | 384,889 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2027 | Research Access | Research Access | Research Access | Research Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 921,432.903 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (High) | 937,563.118 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (Avg) | 931,593.420 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Low) | 362,595.799 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (High) | 368,943.248 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Avg) | 366,594.094 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Low) | 387,268.435 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (High) | 418,388.336 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Avg) | 402,828.386 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Low) | 145,894.198 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (High) | 148,448.161 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Avg) | 147,502.954 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Avg) | 5.930 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (High) | 6.150 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Low) | 5.700 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated Revenue) | 3 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated EPS) | 4 | Research Access | Research Access | Research Access | Research Access |
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Current Key Metrics
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Login — it's freeSWOT Analysis
Strengths (preview)
- Robust Financial Performance: Cathay General Bancorp reported a net income of $77.4 million in Q2 2025, reflecting strong profitability as highlighted in the earnings call transcript. This performance underscores the company’s ability to generate consistent earnings amidst varying economic conditions.
- Solid Key Metrics: The company exhibits a healthy return on equity (ROE) and return on invested capital (ROIC) based on TTM data, indicating efficient use of capital and strong operational performance compared to industry benchmarks.
- Dividend Stability: With a competitive dividend yield (TTM), CATY demonstrates a commitment to returning value to shareholders, supported by consistent dividend payments as per the company profile data.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates CATY intrinsic value between $51.12 – $66.22 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
[intrinsic_calculator]
Common questions about CATY valuation
Is Cathay General Bancorp (CATY) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Cathay General Bancorp (CATY) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is CATY a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether CATY trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is CATY’s P/E ratio?
You can see CATY’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for CATY?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is CATY a good long-term investment?
Whether CATY fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
CATY
1-day price chart preview. Log in for 1W through 5Y ranges and period tabs.
Daily snapshot
-0.35
Trading Metrics:
| Open: | 61.68 | Previous Close: | 62.04 | |
| Day Low: | 61.13 | Day High: | 61.82 | |
| Year Low: | 44.57 | Year High: | 65.26 | |
| Price Avg 50: | 62.45 | Price Avg 200: | 54.59 | |
| Volume: | 84209 | Average Volume: | 459963 |
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Login — it's freeCATY full analysis
Welcome to MARKETSNAP’s SWOT analysis for Cathay General Bancorp, ticker CATY. If you’re a long-term investor looking to build wealth through smart stock picks, you’re in the right place. Today, we’re diving deep into a regional banking player that might not be on everyone’s radar but has some interesting dynamics worth exploring. Let’s break down what makes Cathay General Bancorp tick, look at recent developments, and analyze its strengths, weaknesses, opportunities, and threats—all with an eye on long-term potential. Stick…
