Cathay General Bancorp (CATY) Tops Q3 EPS by 10c

Cathay General Bancorp (NASDAQ: CATY) reported Q3 EPS of $0.71, $0.10 better than the analyst estimate of $0.61.

THIRD QUARTER HIGHLIGHTS

• The net interest margin of 3.02% during the third quarter of 2020 is unchanged from the second quarter of 2020.
• The provision for loan losses decreased to $12.5 million for the third quarter of 2020 compared to $25.0 million for the second quarter of 2020.

"For the third quarter of 2020, our net interest margin was 3.02%, unchanged from the second quarter of 2020 while our net interest income for the third quarter increased to $137.5 million compared to $134.5 million for the second quarter of 2020 on higher average earning assets," commented Chang M. Liu, President and Chief Executive Officer of the Company.

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

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