Cathay General Bancorp (CATY) Tops Q3 EPS by 10c
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Price: $36.00 +3.87%
EPS Growth %: -25.8%
Financial Fact:
Federal Home Loan Bank stock: 393K
Today's EPS Names:
MAXN, CSTR, ACU, More
EPS Growth %: -25.8%
Financial Fact:
Federal Home Loan Bank stock: 393K
Today's EPS Names:
MAXN, CSTR, ACU, More
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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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