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

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

Cathay General Bancorp Announces Fourth Quarter and Full Year 2017 Results

January 30, 2018 4:30 PM EST

LOS ANGELES, Jan. 30, 2018 /PRNewswire/ -- Cathay General Bancorp (the "Company", "we", "us", or "our" NASDAQ: CATY), the holding company for Cathay Bank, today announced net income of $25.9 million, or $0.32 per share, for the fourth quarter of 2017, and net income of $176.0 million, or $2.17 per share, for the year ended December 31, 2017.  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... More