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CATHAY GENERAL BANCORP

For the period ended Dec 31, 2023. Filed Feb 29, 2024.

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About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 29, 2024

CATY$65.37+1.8%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Table of Contents

PART I2
Item 1.Business2
Executive Officers of the Registrant10
Item 1A.Risk Factors28
Item 1B.Unresolved Staff Comments51
Item 1C.Cybersecurity51
Item 2.Properties51
Item 3.Legal Proceedings51
Item 4.Mine Safety Disclosures51
PART II52
Item 5.Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities52
Item 6.Reserved54
Item 7.Management’s Discussion and Analysis of Financial Condition and Results of Operations54
Item 7A.Quantitative and Qualitative Disclosures about Market Risk81
Item 8.Financial Statements and Supplementary Data82
Item 9.Changes in and Disagreements with Accountants on Accounting and Financial Disclosure82
Item 9A.Controls and Procedures83
Item 9B.Other Information86
Item 9C.Disclosure Regarding Foreign Jurisdictions That Prevent Inspections86
PART III86
Item 10.Directors, Executive Officers and Corporate Governance86
Item 11.Executive Compensation86
Item 12.Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters87
Item 13.Certain Relationships and Related Transactions, and Director Independence87
Item 14.Principal Accounting Fees and Services87
PART IV87
Item 15.Exhibits, Financial Statement Schedules87
SIGNATURES92

Forward-Looking Statements

In this Annual Report on Form 10-K, the term“Bancorp”* refers to Cathay General Bancorp and the term*“Bank”* refers to Cathay Bank. The terms*“Company,”* “we,” “us,” and*“our”* refer to Bancorp and its subsidiaries, including the Bank, collectively. The statements in this report include forward-looking statements within the meaning of the applicable provisions of the Private Securities Litigation Reform Act of 1995 regarding management*’s beliefs, projections, and assumptions concerning future results and events. We intend such forward-looking statements to be covered by the safe harbor provision for forward-looking statements in these provisions. All statements other than statements of historical fact are“forward-looking statements”* for purposes of federal and state securities laws, including statements about anticipated future operating and financial performance, financial position and liquidity, growth opportunities and growth rates, growth plans, acquisition and divestiture opportunities, business prospects, strategic alternatives, business strategies, financial expectations, regulatory and competitive outlook, investment and expenditure plans, financing needs and availability, and other similar forecasts and statements of expectation and statements of assumptions underlying any of the foregoing. Words such as*“aims,”* “anticipates,” “believes,” “can,” “could,” “estimates,” “expects,” “hopes,” “intends,” “may,” “plans,” “projects,” “seeks,” “shall,” “should,” “will,” “predicts,” “potential,” “continue,” “possible,” “optimistic,” and variations of these words and similar expressions are intended to identify these forward-looking statements.*

Forward-looking statements by us are based on estimates, beliefs, projections, and assumptions of management and are not guarantees of future performance. Management's expectations and assumptions, and the continued validity of the forward-looking statements, are subject to change due to a broad range of factors affecting the U.S. and global economies, regulatory environment and the equity, debt, currency and other financial markets, as well as factors specific to Bancorp and its subsidiaries, including Cathay Bank. Factors that could cause changes in the expectations or assumptions on which forward-looking statements are based cannot be foreseen with certainty and include the factors described under the headings "Risk Factors Summary" and "Risk Factors" and elsewhere in this Form 10-K, including under "Management's Discussion and Analysis," and Bancorp’s other reports and filings filed with the Securities and Exchange Commission (the“SEC”) from time to time. Actual results in any future period may also vary from the past results discussed in this report. Given these risks and uncertainties, readers are cautioned not to place undue reliance on any forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, we undertake no obligation to update or review any forward-looking statement to reflect circumstances, developments or events occurring after the date on which the statement is made or to reflect the occurrence of unanticipated events.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.