Cathay General Bancorp Reports Record Net Interest Income in Q3 2026
Cathay General Bancorp (CATY) reported strong third-quarter results for 2026, highlighted by a record net interest income of $211.9 million, representing a 5.5% increase from the previous quarter. Net income rose 3.2% to $95.2 million, or $1.43 per diluted share. The bank's net interest margin expanded by 4 basis points to 3.52%, as higher loan yields successfully offset rising funding costs. Driven by robust performance, management raised its full-year guidance for both loan growth (now 5% to 6%) and deposit growth (now 4% to 5%). While the bank saw improvements in nonperforming assets following specific charge-offs, CFO Al Wang cautioned that upcoming certificate of deposit maturations totaling $3.4 billion could create upward pressure on funding costs due to competitive market rates.
Tickers: $CATY
Topics: Deposit Growth Guidance Upgrade Loan Growth Net Income Net Interest Income