7/107 sources · 6 publishersUpdated Oct 22, 19:46 UTC
Cathay General Bancorp posts record net interest income and lifts loan‑deposit outlook in Q3 2026
Cathay General Bancorp reported third‑quarter 2026 net income of $95.2 million, or $1.43 per diluted share. Net interest income reached a new high of $211.9 million and the net interest margin rose to 3.52%. The bank said loan balances grew to $21.20 billion and deposits to $21.83 billion, prompting it to raise its full‑year loan‑growth target to 5%‑6% and its deposit‑growth target to 4%‑5%. Shares jumped about 5.6% after the release.
Why it matters
The company’s upward revision of its loan and deposit growth forecasts suggests higher future earnings potential. Analysts noted that earnings per share fell short of expectations by $0.02.
Key facts
- 1Third‑quarter net income was $95.2 million. quiverquant.com
- 2Diluted earnings per share were $1.43. quiverquant.com
- 3Net interest income reached $211.9 million. quiverquant.com
- 4Net interest margin increased to 3.52%. quiverquant.com
- 5Total loans grew to $21.20 billion. quiverquant.com
- 6Total deposits rose to $21.83 billion. quiverquant.com
Summary written by AlphAI AI Desk from 7 of 7 sources. Not investment advice. Figures are as stated by the linked sources.