CATY

MKT CAP:$4B

Cathay General Bancorp

Market Cap

$4B

Financial Services·Banks - Regional·🇺🇸 United States·NASDAQ

Financials·Banks - Regional·🇺🇸·NASDAQ

Stock Price

$54.38+$5.71 (+11.73%)

Apr 24, 2026

Company Details

Cathay General Bancorp operates as the holding company for Cathay Bank that offers various commercial banking products and services to individuals, professionals, and small to medium-sized businesses in the United States. The company offers...

CEO

Chang Ming Liu

IPO Date

Dec 14, 1990

Website

www.cathaygeneralbancorp.com

Key Metrics TTM

Revenue

$1.4B

-0.4% YoY

Net Income

$333M

EPS (Diluted)

$4.85

Free Cash Flow

$357M

Revenue / Share

$20.43

Gross Margin

42.9%

Operating Margin

23.8%

Net Margin

24.1%

FCF Margin

26.0%

P/S

2.7x

P/E

11.0x

Earnings Reports

Q1 2026

Apr 22, 2026

NEW

$323M-2.3%EPS $1.29

FY 2025

Feb 27, 2026

$1.4B-0.4%EPS $4.54

Q4 2025

Feb 27, 2026

$361M+4.4%EPS $1.33

Q3 2025

Nov 7, 2025

$355M-1.3%EPS $1.13

Q2 2025

Aug 8, 2025

$338M-2.2%EPS $1.10

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 22	$204M	$187M	$113M
Q3 22	$236M	$205M	$130M
Q4 22	$276M	$213M	$131M
Q1 23	$300M	$199M	$115M
Q2 23	$323M	$195M	$103M
Q3 23	$331M	$186M	$93M
Q4 23	$356M	$204M	$93M
Q1 24	$339M	$173M	$80M
Q2 24	$346M	$172M	$73M
Q3 24	$360M	$175M	$78M
Q4 24	$345M	$172M	$87M
Q1 25	$331M	$172M	$87M
Q2 25	$338M	$185M	$96M
Q3 25	$355M	$182M	$94M
Q4 25	$361M	$223M	$131M
Q1 26	$323M	$0	$8M

Valuation

Quarter	P/S	P/E
Q2 22	3.9x	9.6x
Q3 22	3.5x	8.6x
Q4 22	3.3x	8.4x
Q1 23	2.4x	6.5x
Q2 23	2.1x	6.2x
Q3 23	2.0x	6.7x
Q4 23	2.4x	9.0x
Q1 24	2.0x	8.1x
Q2 24	2.0x	8.9x
Q3 24	2.2x	10.8x
Q4 24	2.5x	12.0x
Q1 25	2.2x	10.8x
Q2 25	2.3x	10.9x
Q3 25	2.4x	11.0x
Q4 25	2.5x	10.8x
Q1 26	2.4x	10.0x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$86M	$85M
Q2 22	$91M	$90M
Q3 22	$189M	$188M
Q4 22	$97M	$97M
Q1 23	$121M	$121M
Q2 23	$91M	$90M
Q3 23	$107M	$106M
Q4 23	$66M	$64M
Q1 24	$88M	$87M
Q2 24	$73M	$72M
Q3 24	$81M	$80M
Q4 24	$87M	$86M
Q1 25	$99M	$96M
Q2 25	$64M	$63M
Q3 25	$151M	$150M
Q4 25	$55M	$48M

Capital Expenditures

Quarter	CapEx
Q1 22	$1M
Q2 22	$953.0K
Q3 22	$864.0K
Q4 22	$297.0K
Q1 23	$295.0K
Q2 23	$667.0K
Q3 23	$671.0K
Q4 23	$2M
Q1 24	$916.0K
Q2 24	$533.0K
Q3 24	$1M
Q4 24	$982.0K
Q1 25	$3M
Q2 25	$1M
Q3 25	$495.0K
Q4 25	$7M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 22	+14.7%	+16.5%
Q3 22	+30.4%	+15.8%
Q4 22	+46.0%	+59.9%
Q1 23	+55.9%	+95.8%
Q2 23	+58.3%	+142.4%
Q3 23	+40.4%	+125.6%
Q4 23	+29.2%	+82.1%
Q1 24	+13.1%	+40.6%
Q2 24	+7.1%	+24.0%
Q3 24	+8.6%	+18.0%
Q4 24	-3.1%	-1.8%
Q1 25	-2.5%	-5.8%
Q2 25	-2.2%	-11.5%
Q3 25	-1.3%	-7.2%
Q4 25	+4.4%	-11.1%
Q1 26	-2.3%	+29.3%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$2M	0.8%
Q2 22	$3M	1.3%
Q3 22	$2M	0.8%
Q4 22	$2M	0.7%
Q1 23	$2M	0.5%
Q2 23	$2M	0.7%
Q3 23	$2M	0.6%
Q4 23	$2M	0.6%
Q1 24	$905.0K	0.3%
Q2 24	$2M	0.6%
Q3 24	$2M	0.5%
Q4 24	$2M	0.5%
Q1 25	$2M	0.5%
Q2 25	$2M	0.7%
Q3 25	$2M	0.6%
Q4 25	$2M	0.5%

OpEx Breakdown

Quarter	G&A	S&M
Q2 22	$39M	$2M
Q3 22	$37M	$2M
Q4 22	$27M	$2M
Q1 23	$41M	$774.0K
Q2 23	$40M	$2M
Q3 23	$42M	$2M
Q4 23	$54M	$1M
Q1 24	$50M	$2M
Q2 24	$44M	$1M
Q3 24	$44M	$2M
Q4 24	$44M	$2M
Q1 25	$46M	$2M
Q2 25	$46M	$1M
Q3 25	$46M	$1M
Q4 25	$48M	$2M
Q1 26	—	$2M

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$142M	$2.2B	$2.4B
Q3 22	$200M	$2.5B	$2.7B
Q4 22	$195M	$2.4B	$2.6B
Q1 23	$252M	$2.4B	$2.7B
Q2 23	$188M	$2.8B	$3.0B
Q3 23	$146M	$2.5B	$2.7B
Q4 23	$174M	$2.3B	$2.4B
Q1 24	$165M	$2.7B	$2.8B
Q2 24	$160M	$2.6B	$2.8B
Q3 24	$183M	$2.7B	$2.8B
Q4 24	$157M	$1.6B	$1.7B
Q1 25	$175M	$1.8B	$2.0B
Q2 25	$190M	$1.9B	$2.1B
Q3 25	$166M	$2.0B	$2.2B
Q4 25	$146M	$1.7B	$1.8B
Q1 26	$136M	$1.7B	$1.8B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 22	75M	-0.6%	-5.2%
Q3 22	73M	-2.4%	-6.0%
Q4 22	73M	+0.0%	-4.5%
Q1 23	73M	-0.8%	-3.7%
Q2 23	73M	-0.2%	-3.3%
Q3 23	73M	+0.2%	-0.8%
Q4 23	73M	+0.0%	-0.8%
Q1 24	73M	+0.1%	+0.1%
Q2 24	73M	-0.2%	+0.1%
Q3 24	72M	-1.1%	-1.2%
Q4 24	71M	-0.7%	-1.9%
Q1 25	71M	-1.1%	-3.1%
Q2 25	70M	-0.7%	-3.6%
Q3 25	69M	-1.7%	-4.2%
Q4 25	68M	-1.5%	-4.9%
Q1 26	67M	-0.9%	-4.7%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 22	$176.6K	1K
Q3 22	$204.1K	1K
Q4 22	$234.2K	1K
Q1 23	$254.4K	1K
Q2 23	$274.4K	1K
Q3 23	$281.2K	1K
Q4 23	$286.0K	1K
Q1 24	$272.1K	1K
Q2 24	$277.7K	1K
Q3 24	$288.8K	1K
Q4 24	$272.9K	1K
Q1 25	$261.1K	1K
Q2 25	$267.2K	1K
Q3 25	$280.6K	1K
Q4 25	$284.4K	1K
Q1 26	$254.7K	1K

Revenue / Employee