Cathay General Reports Record Net Interest Income and Raises Full-Year Guidance
Cathay General Bancorp (CATY) reported strong third-quarter 2026 results, highlighted by a record net interest income of $211.9 million. Driven by steady commercial loan growth and effective asset repricing, the company has raised its full-year outlook for both loan expansion (now 5%-6%) and deposit balance growth (now 4%-5%). Management noted that despite high borrowing costs, demand from commercial and industrial borrowers remains resilient. The net interest margin expanded to 3.52%, with leadership indicating potential for further expansion due to upcoming loan repricing. To support future efficiency, the company is also making strategic investments in artificial intelligence and client-facing technology platforms.
Tickers: $CATY
Topics: commercial lending deposit growth guidance revision loan growth net interest income