Cathay General Bancorp Raises Full-Year Loan Growth Outlook to 5%–6%
Cathay General Bancorp (CATY) reported strong third-quarter operating performance, characterized by record net interest income and continued margin expansion. During the management call, leadership highlighted robust growth across both loans and deposits, signaling healthy demand for the bank's core services. Looking ahead, the company has raised its full-year loan growth guidance to a range of 5%–6%. Despite this upward revision in volume, Cathay General is maintaining its Net Interest Margin (NIM) outlook at 3.40%–3.50%, suggesting a stable profitability profile amidst changing economic conditions.
Tickers: $CATY
Topics: Deposit Growth Loan Growth Margin Expansion Net Interest Income
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