Cathay General Bancorp Reports Q3 Net Income of $77.7 Million
Cathay General Bancorp reported net income of $77.7 million for the third quarter of 2025, compared to $77.5 million in the previous quarter and $67.5 million in the third quarter of 2024. Return on average assets for the period was 1.29%, down from 1.33% in the prior quarter, and return on average total stockholders' equity was 10.60%, compared to 10.72% in the previous quarter. For the nine months ended September 30, 2025, net income was $224.6 million, up from $205.8 million in the same period last year. The net interest margin for the nine-month period was 3.28%, compared to 3.03% a year ago. The efficiency ratio for the nine months ended September 30, 2025, was 44.18%, compared to 53.28% for the same period last year. The total risk-based capital ratio as of September 30, 2025, was 14.92%, and the Tier 1 leverage capital ratio was 11.09%. During the third quarter, the company repurchased 1,070,000 common shares at an average cost of $46.81 per share, for a total of $50.1 million.
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