Cathay General net income rises 19% YoY to $92.2 million in 2Q26; EPS climbs 24% to $1.37

Reuters2026/07/22 20:43

By:Reuters

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Cathay General Bancorp posted 2Q 2026 net income of $92.2 million, up 6% QoQ, with EPS of $1.37, up 6% QoQ.
Net interest income rose to $200.9 million, up 3% QoQ, lifting net interest margin by 5 basis points to 3.48%.
Total assets climbed 3% QoQ to $24.65 billion; loans grew 2% QoQ to $20.62 billion, deposits increased 2% QoQ to $21.06 billion.
Provision for credit losses fell 38% QoQ to $11.2 million; allowance for credit losses increased 5% QoQ to $218.9 million.
Board actions included raising share repurchase authorization to $200 million from $150 million, pending regulatory approval, and planning to extinguish $54.1 million of Trust Preferred Securities.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cathay General Bancorp published the original content used to generate this news brief on July 22, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Cathay General net income rises 19% YoY to $92.2 million in 2Q26; EPS climbs 24% to $1.37

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