Cathay General Bancorp (CATY) Tops Q2 EPS by 11c

Cathay General Bancorp (NASDAQ: CATY) reported Q2 EPS of $0.68, $0.11 better than the analyst estimate of $0.57.

"For the second quarter of 2020, our total deposits increased $1.2 billion, or 31.6% annualized, to $16.3 billion, with the majority of the increase in core deposits. This strong growth in deposits reflects Cathay's commitment to serve the financial needs of our customers during this challenging time," commented Pin Tai, Chief Executive Officer of the Company.

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

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