CATHAY GENERAL BANCORP

For the period ended Jun 30, 2026. Filed Aug 7, 2026.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2026 · Filed Aug 7, 2026

CATY$65.35-0.0%Stored close · as of Nov 10, 2026

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

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Contents

Item 1. FINANCIAL STATEMENTS (Unaudited)

CONSOLIDATED BALANCE SHEETS

($ In thousands, except par value and share data)	June 30, 2026	December 31, 2025
Assets
Cash and due from banks	$163,976	$146,320
Short-term investments and interest-bearing deposits	1,163,120	1,278,089
Securities available-for-sale at fair value (amortized cost of $1,737,212 at June 30, 2026, and $1,735,451 at December 31, 2025)	1,682,820	1,658,223
Loans held for investment	20,621,332	20,147,202
Less: Allowance for loan losses	(218,896)	(195,911)
Unamortized deferred loan fees, net	(14,606)	(14,903)
Loans held for investment, net	20,387,830	19,936,388
Equity securities (including $26,482 measured at fair value at June 30, 2026, and $32,754 at December 31, 2025)	80,854	51,886
Federal Home Loan Bank stock	17,250	17,250
Other real estate owned, net	33,659	30,336
Affordable housing investments and alternative energy partnerships, net	293,553	287,182
Premises and equipment, net	90,613	87,579
Customers’ liability on acceptances	11,214	4,385
Accrued interest receivable	94,676	96,993
Goodwill	375,696	375,696
Other intangible assets, net	2,341	2,683
Right-of-use assets - operating leases	33,269	34,187
Other assets	221,948	222,378
Total assets	$24,652,819	$24,229,575
Liabilities and Stockholders’ Equity
Deposits:
Non-interest-bearing	$3,567,527	$3,505,606
Interest-bearing:
NOW deposits	2,612,011	2,370,047
Money market deposits	3,894,594	3,800,471
Savings deposits	1,421,969	1,500,890
Time deposits	9,565,547	9,717,153
Total deposits	21,061,648	20,894,167
Advances from the Federal Home Loan Bank	—	—
Long-term debt	119,136	119,136
Acceptances outstanding	11,214	4,385
Lease liabilities - operating leases	35,114	36,102
Other liabilities	379,093	250,397
Total liabilities	21,606,205	21,304,187
Commitments and contingencies	—	—
Stockholders’ Equity
Common stock, $0.01 par value, 100,000,000 shares authorized; 91,914,036 issued and 66,825,367 outstanding at June 30, 2026, and 91,803,148 issued and 67,200,126 outstanding at December 31, 2025	919	918
Additional paid-in-capital	1,005,086	1,001,401
Accumulated other comprehensive loss, net	(38,314)	(54,400)
Retained earnings	3,037,887	2,909,677
Treasury stock, at cost (25,088,669 shares at June 30, 2026, and 24,603,022 shares at December 31, 2025)	(958,964)	(932,208)
Total stockholders' equity	3,046,614	2,925,388
Total liabilities and stockholders' equity	$24,652,819	$24,229,575

CONSOLIDATED STATEMENTS OF OPERATIONS AND

COMPREHENSIVE INCOME

	Three Months Ended June 30,		Six Months Ended June 30,
($ In thousands, except share and per share data)	2026	2025	2026	2025
Interest and Dividend Income
Loans receivable	$302,170	$296,857	$601,105	$590,841
Investment securities	14,420	13,666	27,403	25,769
Federal Home Loan Bank stock	253	373	1,127	752
Deposits with banks	10,610	12,022	20,728	24,951
Total interest and dividend income	327,453	322,918	650,363	642,313
Interest Expense
Time deposits	80,207	94,364	165,053	190,430
Other deposits	42,930	44,370	83,936	86,804
Advances from Federal Home Loan Bank	1,457	742	2,467	2,646
Long-term debt	1,841	2,029	3,670	4,049
Short-term debt	121	192	172	524
Total interest expense	126,556	141,697	255,298	284,453
Net interest income before provision for credit losses	200,897	181,221	395,065	357,860
Provision for credit losses	11,240	11,200	29,433	26,700
Net interest income after provision for credit losses	189,657	170,021	365,632	331,160
Non-Interest Income
Net gains/(losses) from equity securities	11,652	(1,390)	28,968	(5,581)
Net loss on investment securities	(10,554)	—	(26,239)	—
Letters of credit commissions	2,331	2,120	4,737	4,211
Depository service fees	1,971	1,925	3,985	3,677
Wealth management fees	7,920	4,936	15,022	11,105
Other operating income	8,085	7,800	15,591	13,183
Total non-interest income	21,405	15,391	42,064	26,595
Non-Interest Expense
Salaries and employee benefits	46,733	43,123	92,244	85,550
Occupancy expense	5,812	5,950	11,628	11,687
Computer and equipment expense	6,594	5,160	12,221	11,214
Professional services expense	7,438	8,888	15,220	16,336
Data processing service expense	3,651	4,631	7,666	9,037
FDIC and regulatory assessments	2,992	3,177	5,439	6,576
Marketing expense	1,472	1,113	3,335	2,991
Other real estate owned expense/(income)	339	(377)	1,928	(133)
Amortization of investments in low-income housing and alternative energy partnerships	9,873	11,179	16,613	20,233
Amortization of core deposit intangibles	217	250	435	500
Other operating expense	7,195	6,040	12,267	10,799
Total non-interest expense	92,316	89,134	178,996	174,790
Income before income tax expense	118,746	96,278	228,700	182,965
Income tax expense	26,537	18,828	49,605	36,009
Net income	$92,209	$77,450	$179,095	$146,956
Other Comprehensive Income, net of tax
Net holding gains on securities available-for-sale	5,864	2,525	16,086	16,385
Total comprehensive income	$98,073	$79,975	$195,181	$163,341
Net Income Per Common Share:
Basic	$1.38	$1.11	$2.67	$2.09
Diluted	$1.37	$1.10	$2.66	$2.09
Cash dividends paid per common share	$0.38	$0.34	$0.76	$0.68
Average Common Shares Outstanding:
Basic	67,014,700	69,989,825	67,004,055	70,183,752
Diluted	67,304,846	70,188,902	67,322,562	70,432,916

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’** EQUITY**

Accumulated
Common Stock · Additional · Other · Total
Number of · Paid-in · Comprehensive · Retained · Treasury · Stockholders'
Three Months Ended	Shares	Amount	Capital	(Loss)/Income	Earnings	Stock	Equity
($ In thousands, except share and per share data)
Balance at March 31, 2026	66,972,039	$918	$1,003,609	$(44,178)	$2,971,119	$(944,820)	$2,986,648
Dividend Reinvestment Plan	11,208	—	666	—	—	—	666
Restricted stock units vested	68,073	1	—	—	—	—	1
Stock issued to directors	16,195	—	863	—	—	—	863
Shares withheld related to net share
settlement of RSUs	—	—	(2,396)	—	—	—	(2,396)
Purchases of treasury stock	(242,148)	—	—	—	—	(14,144)	(14,144)
Stock-based compensation	—	—	2,344	—	—	—	2,344
Cash dividends of $0.38 per share	—	—	—	—	(25,441)	—	(25,441)
Other comprehensive income	—	—	—	5,864	—	—	5,864
Net income	—	—	—	—	92,209	—	92,209
Balance at June 30, 2026	66,825,367	$919	$1,005,086	$(38,314)	$3,037,887	$(958,964)	$3,046,614

Accumulated
Common Stock · Additional · Other · Total
Number of · Paid-in · Comprehensive · Retained · Treasury · Stockholders'
Three Months Ended	Shares	Amount	Capital	(Loss)/Income	Earnings	Stock	Equity
($ In thousands, except share and per share data)
Balance at March 31, 2025	70,034,708	$916	$995,371	$(71,747)	$2,734,004	$(793,385)	$2,865,159
Dividend Reinvestment Plan	14,302	1	640	—	—	—	641
Restricted stock units vested	75,608	1	—	—	—	—	1
Stock issued to directors	22,956	—	1,020	—	—	—	1,020
Shares withheld related to net share
settlement of RSUs	—	—	(1,964)	—	—	—	(1,964)
Purchases of treasury stock	(804,179)	—	—	—	—	(35,873)	(35,873)
Stock-based compensation	—	—	1,182	—	—	—	1,182
Cash dividends of $0.34 per share	—	—	—	—	(23,846)	—	(23,846)
Other comprehensive income	—	—	—	2,525	—	—	2,525
Net income	—	—	—	—	77,450	—	77,450
Balance at June 30, 2025	69,343,395	$918	$996,249	$(69,222)	$2,787,608	$(829,258)	$2,886,295

Accumulated
Common Stock · Additional · Other · Total
Number of · Paid-in · Comprehensive · Retained · Treasury · Stockholders'
Six Months Ended	Shares	Amount	Capital	(Loss)/Income	Earnings	Stock	Equity
($ In thousands, except share and per share data)
Balance at December 31, 2025	67,200,126	$918	$1,001,401	$(54,400)	$2,909,677	$(932,208)	$2,925,388
Dividend Reinvestment Plan	25,588	—	1,341	—	—	—	1,341
Restricted stock units vested	69,105	1	—	—	—	—	1
Stock issued to directors	16,195	—	863	—	—	—	863
Shares withheld related to net share settlement of RSUs	—	—	(2,434)	—	—	—	(2,434)
Purchases of treasury stock	(485,647)	—	—	—	—	(26,756)	(26,756)
Stock-based compensation	—	—	3,915	—	—	—	3,915
Cash dividends of $0.76 per share	—	—	—	—	(50,885)	—	(50,885)
Other comprehensive income	—	—	—	16,086	—	—	16,086
Net income	—	—	—	—	179,095	—	179,095
Balance at June 30, 2026	66,825,367	$919	$1,005,086	$(38,314)	$3,037,887	$(958,964)	$3,046,614

Accumulated
Common Stock · Additional · Other · Total
Number of · Paid-in · Comprehensive · Retained · Treasury · Stockholders'
Six Months Ended	Shares	Amount	Capital	(Loss)/Income	Earnings	Stock	Equity
($ In thousands, except share and per share data)
Balance at December 31, 2024	70,863,324	$916	$993,962	$(85,607)	$2,688,353	$(751,920)	$2,845,704
Dividend Reinvestment Plan	30,154	1	1,335	—	—	—	1,336
Restricted stock units vested	108,046	1	—	—	—	—	1
Stock issued to directors	22,956	—	1,020	—	—	—	1,020
Shares withheld related to net share settlement of RSUs	—	—	(2,755)	—	—	—	(2,755)
Purchases of treasury stock	(1,681,085)	—	—	—	—	(77,338)	(77,338)
Stock-based compensation	—	—	2,687	—	—	—	2,687
Cash dividends of $0.68 per share	—	—	—	—	(47,701)	—	(47,701)
Other comprehensive income	—	—	—	16,385	—	—	16,385
Net income	—	—	—	—	146,956	—	146,956
Balance at June 30, 2025	69,343,395	$918	$996,249	$(69,222)	$2,787,608	$(829,258)	$2,886,295

CONSOLIDATED STATEMENTS OF CASH FLOWS

	Six Months Ended June 30,
	2026	2025
($ In thousands)
Cash Flows from Operating Activities
Net income	$179,095	$146,956
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses	29,433	26,700
Provision for losses on other real estate owned	—	890
Deferred tax provision	10,245	5,007
Depreciation and amortization	3,277	3,514
Amortization of right-of-use asset	4,788	4,686
Change in operating lease liabilities	(988)	3,453
Net gains on sale and transfers of other real estate owned	(1,290)	(1,455)
Net gains on sale of loans	(305)	(142)
Loss on sales or disposal of premises and equipment	20	14
Amortization on alternative energy partnerships, venture capital and other investments	16,613	20,233
Net loss on sale of investment securities	26,239	—
Amortization/accretion of securities available-for-sale premiums/discounts, net	(15,607)	(12,376)
Unrealized (gain)/ loss on equity securities	(28,968)	5,581
Stock-based compensation and stock issued to officers as compensation	4,779	3,708
Net change in accrued interest receivable and other assets	(19,962)	20,418
Net change in other liabilities	128,157	(64,276)
Net cash provided by operating activities	335,526	162,911
Cash Flows from Investing Activities
Purchase of securities available-for-sale	(1,300,335)	(779,062)
Proceeds from repayments, maturities and calls of securities available-for-sale	943,583	713,395
Proceeds from sale of securities available-for-sale	344,337	—
Proceeds from sale of other real estate owned	2,109	10,316
Proceeds from sale of loans originally classified as held-for-investment	11,292	15,263
Net increase in loans	(493,277)	(458,424)
Purchase of premises and equipment	(5,990)	(3,960)
Net (increase)/decrease in affordable housing investments and alternative energy partnerships	(23,274)	1,384
Net cash used for investing activities	(521,555)	(501,088)
Cash Flows from Financing Activities
Increase in deposits	167,450	320,090
Advances from Federal Home Loan Bank	8,756,000	4,897,000
Repayment of Federal Home Loan Bank borrowings	(8,756,000)	(4,545,000)
Cash dividends paid	(50,885)	(47,701)
Purchases of treasury stock	(26,756)	(77,338)
Proceeds from shares issued under Dividend Reinvestment Plan	1,341	1,336
Taxes paid related to net share settlement of RSUs	(2,434)	(2,755)
Net cash provided for financing activities	88,716	545,632
(Decrease)/increase in cash, cash equivalents, and restricted cash	(97,313)	207,455
Cash, cash equivalents, and restricted cash, beginning of the period	1,424,409	1,039,520
Cash, cash equivalents, and restricted cash, end of the period	$1,327,096	$1,246,975
Supplemental Cash Flow Information
Cash paid during the period:
Interest	$258,972	$287,163
Income taxes	$61,246	$35,025
Non-cash investing and financing activities:
Net change in unrealized holding gain on securities available-for-sale, net of tax	$16,086	$16,385
Loans transferred from held-for-investment to held-for-sale	$10,986	$28,458
Transfers to other real estate owned from loans held-for-investment	$4,142	$6,808

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