LOS ANGELES (AP) — LOS ANGELES (AP) — Cathay General Bancorp (CATY) on Wednesday reported fourth-quarter earnings of $80.2 million.
The bank, based in Los Angeles, said it had earnings of $1.12 per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.11 per share.
The holding company for Cathay Bank posted revenue of $345.5 million in the period. Its revenue net of interest expense was $186.5 million, also beating Street forecasts.
For the year, the company reported profit of $286 million, or $3.95 per share. Revenue was reported as $729.7 million.
Cathay shares have increased 2.5% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $48.78, an increase of 11% in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CATY at https://www.zacks.com/ap/CATY
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。