Cathay General Bancorp (CATY) Reports Q4 EPS of 32c

Cathay General Bancorp (NASDAQ: CATY) reported Q4 EPS of $0.32, may not compare to the analyst estimate of $0.63.

Fourth quarter and full-year 2017 results included $22.3 million of additional tax expense related to the revaluation of the Company's deferred tax assets and a $2.6 million pretax write-down of low income housing tax credit investments, both as a result of the enactment of the Tax Cuts and Jobs Act. These two items had the effect of reducing diluted EPS by $.29 per diluted share for the quarter and for the year.

For earnings history and earnings-related data on Cathay General Bancorp (CATY) click here.

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