CATY FY 2024 Earnings Report — Cathay General Bancorp Revenue & Financial Results | Market Cap Arena

Cathay General BancorpCATY

FY 2024 Earnings

Reported February 28, 2025

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2024	Prior Q	FY 2023	QoQ Change	YoY Change
Revenue	$1.4B	—	$1.3B	—	6.1%
Op. Income	$318M	—	$404M	—	-21.3%
Gross Margin	49.8%	—	59.8%	—	-10.1pp
Net Margin	20.6%	—	27.0%	—	-6.5pp
EPS (Diluted)	$3.95	—	$4.86	—	-18.7%
Free Cash Flow	$326M	—	$381M	—	-14.6%

Revenue Flow

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$698M
GROSS PROFIT	$692M
R&D Expenses	$0
Selling & Marketing	$7M
General & Administrative	$182M
SG&A Expenses	$188M
Other Expenses	$187M
Operating Expenses	$375M
Cost & Expenses	$1.1B
OPERATING INCOME	$318M
Interest Income	$1.3B
Interest Expense	$661M
Other Income/Expenses	$0
INCOME BEFORE TAX	$318M
Income Tax Expense	$32M
Net Income from Continuing Ops	$286M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$286M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$286M
D&A	$17M
EBIT	$318M
EBITDA	$334M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$698M
GROSS PROFIT	$692M
R&D Expenses	$0
Selling & Marketing	$7M
General & Administrative	$182M
SG&A Expenses	$188M
Other Expenses	$187M
Operating Expenses	$375M
Cost & Expenses	$1.1B
OPERATING INCOME	$318M
Interest Income	$1.3B
Interest Expense	$661M
Other Income/Expenses	$0
INCOME BEFORE TAX	$318M
Income Tax Expense	$32M
Net Income from Continuing Ops	$286M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$286M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$286M
D&A	$17M
EBIT	$318M
EBITDA	$334M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$286M
Depreciation & Amortization	$17M
Stock-Based Compensation	$7M
Deferred Income Tax	-$21M
Other Non-Cash Items	$93M
Change in Working Capital	-$53M
OPERATING CASH FLOW	$329M
Capital Expenditure	-$4M
Acquisitions (Net)	$0
Purchases of Investments	-$1.4B
Sales/Maturities of Investments	$1.4B
Other Investing Activities	$137M
NET CASH FROM INVESTING	$184M
Net Debt Issuance	-$480M
Common Stock Repurchased	-$85M
Common Dividends Paid	-$98M
Other Financing Activities	$357M
NET CASH FROM FINANCING	-$302M
FREE CASH FLOW	$326M
Net Change in Cash	$211M

Balance Sheet

Item	Amount
Cash & Equivalents	$157M
Short-Term Investments	$1.6B
Net Receivables	$98M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.8B
PP&E (Net)	$117M
Goodwill	$376M
Intangible Assets	$3M
Long-Term Investments	$20.4B
Tax Assets	$0
Other Non-Current Assets	$346M
TOTAL NON-CURRENT ASSETS	$21.2B
TOTAL ASSETS	$23.1B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$19.7B
TOTAL CURRENT LIABILITIES	$19.7B
Long-Term Debt	$197M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$295M
TOTAL NON-CURRENT LIABILITIES	$523M
TOTAL LIABILITIES	$20.2B
Common Stock	$916.0K
Additional Paid-In Capital	$994M
Retained Earnings	$2.7B
Treasury Stock	-$752M
Accum. Other Comp. Income	-$86M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.8B
Minority Interest	$0
TOTAL EQUITY	$2.8B
TOTAL LIABILITIES & EQUITY	$23.1B
Total Debt	$228M
Net Debt	$71M