Cathay General Bancorp (NASDAQ:CATY) stock is soaring 5.04% in pre-market trading on Wednesday following the release of its first-quarter 2025 earnings report. The company's earnings per share (EPS) surpassed analyst estimates by 2.9%, despite a slight decline in net income compared to the same period last year.
The banking group reported a revenue of $172.3 million, which remained flat compared to Q1 2024. Net income came in at $69.5 million, down 2.7% from the previous year, while maintaining a steady profit margin of 40%. The company's EPS of $0.99 exceeded market expectations, demonstrating resilience in a challenging economic environment.
Analysts are optimistic about Cathay General's future, forecasting a 12% annual revenue growth over the next two years, outpacing the 7% growth projected for the US banking industry. This positive outlook, combined with the company's stable dividend history and a current yield of 3.3%, is likely contributing to investor confidence and driving the stock's significant pre-market rally.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。