Cathay General Bancorp Reports Q1 Earnings with Net Income of $86.9 Million
Cathay General Bancorp (NASDAQ:CATY) reported Q1 net income of $86.9 million and diluted EPS of $1.29, with adjustments from securities valuation gains and impairments. The bank improved its net interest margin to 3.43% through strategic reinvestment of securities and raised its dividend and buyback programs.
Tickers: $CATY
Topics: Buyback Dividend Earnings Net Income Net Interest Margin Securities Repositioning