CATHAY GENERAL BANCORP

For the period ended Sep 30, 2026. Filed Nov 6, 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.

Sep 30, 2026 · Filed Nov 6, 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)	September 30, 2026	December 31, 2025

Assets
Cash and due from banks	$131,044	$146,320
Short-term investments and interest-bearing deposits	1,576,961	1,278,089
Securities available-for-sale at fair value (amortized cost of $1,657,883 at September 30, 2026, and $1,735,451 at December 31, 2025)	1,589,036	1,658,223
Loans held for sale	13,597	—
Loans held for investment	21,195,861	20,147,202
Less: Allowance for loan losses	(224,190)	(195,911)
Unamortized deferred loan fees, net	(15,523)	(14,903)
Loans held for investment, net	20,956,148	19,936,388
Equity securities (including $27,246 measured at fair value at September 30, 2026, and $32,754 at December 31, 2025)	116,907	51,886
Federal Home Loan Bank stock	17,250	17,250
Other real estate owned, net	26,910	30,336
Affordable housing investments and alternative energy partnerships, net	295,407	287,182
Premises and equipment, net	90,346	87,579
Customers’ liability on acceptances	6,393	4,385
Accrued interest receivable	97,206	96,993
Goodwill	375,696	375,696
Other intangible assets, net	2,095	2,683
Right-of-use assets - operating leases	35,493	34,187
Other assets	242,012	222,378
Total assets	$25,572,501	$24,229,575

Liabilities and Stockholders’ Equity
Deposits:
Non-interest-bearing	$3,950,436	$3,505,606
Interest-bearing:
NOW deposits	2,634,247	2,370,047
Money market deposits	4,284,484	3,800,471
Savings deposits	1,517,383	1,500,890
Time deposits	9,448,438	9,717,153
Total deposits	21,834,988	20,894,167
Advances from the Federal Home Loan Bank	200,000	—
Long-term debt	65,011	119,136
Acceptances outstanding	6,393	4,385
Lease liabilities - operating leases	37,370	36,102
Other liabilities	371,994	250,397
Total liabilities	22,515,756	21,304,187
Commitments and contingencies	—	—
Stockholders’ Equity
Common stock, $0.01 par value, 100,000,000 shares authorized; 91,972,991 issued and 66,083,728 outstanding at September 30, 2026, and 91,803,148 issued and 67,200,126 outstanding at December 31, 2025	920	918
Additional paid-in-capital	1,006,181	1,001,401
Accumulated other comprehensive loss, net	(48,496)	(54,400)
Retained earnings	3,107,853	2,909,677
Treasury stock, at cost, 25,889,263 shares at September 30, 2026, and 24,603,022 shares at December 31, 2025	(1,009,713)	(932,208)
Total stockholders' equity	3,056,745	2,925,388
Total liabilities and stockholders' equity	$25,572,501	$24,229,575

CONSOLIDATED STATEMENTS OF OPERATIONS AND

COMPREHENSIVE INCOME

	Three Months Ended September 30,		Nine Months Ended September 30,
($ In thousands, except share and per share data)	2026	2025	2026	2025
Interest and Dividend Income
Loans receivable	$317,189	$308,945	$918,294	$899,786
Investment securities	15,086	12,690	42,489	38,459
Federal Home Loan Bank stock	658	376	1,785	1,128
Deposits with banks	12,219	12,184	32,947	37,135
Total interest and dividend income	345,152	334,195	995,515	976,508
Interest Expense
Time deposits	83,001	93,087	248,054	283,517
Other deposits	47,869	46,300	131,805	133,104
Advances from Federal Home Loan Bank	384	3,075	2,851	5,721
Long-term debt	1,808	2,043	5,478	6,092
Short-term debt	212	103	384	627
Total interest expense	133,274	144,608	388,572	429,061
Net interest income before provision for credit losses	211,878	189,587	606,943	547,447
Provision for credit losses	28,600	28,731	58,033	55,431
Net interest income after provision for credit losses	183,278	160,856	548,910	492,016
Non-Interest Income
Net gains/(losses) from equity securities	36,053	3,263	65,021	(2,318)
Net loss on investment securities	(15,084)	—	(41,323)	—
Letters of credit commissions	2,093	2,256	6,830	6,467
Depository service fees	2,106	2,011	6,091	5,688
Wealth management fees	6,623	6,219	21,645	17,324
Other operating income	10,979	7,272	26,570	20,455
Total non-interest income	42,770	21,021	84,834	47,616
Non-Interest Expense
Salaries and employee benefits	48,233	43,462	140,477	129,012
Occupancy expense	6,171	6,104	17,799	17,791
Computer and equipment expense	7,211	5,760	19,432	16,974
Professional services expense	7,842	7,360	23,062	23,696
Data processing service expense	4,136	3,991	11,802	13,028
FDIC and regulatory assessments	2,896	2,783	8,335	9,359
Marketing expense	1,683	1,494	5,018	4,485
Other real estate owned expense/(income)	442	(1,078)	2,370	(1,211)
Amortization of investments in low-income housing and alternative energy partnerships	6,467	12,149	23,080	32,382
Amortization of core deposit intangibles	218	229	653	729
Other operating expense	18,077	5,863	30,344	16,662
Total non-interest expense	103,376	88,117	282,372	262,907
Income before income tax expense	122,672	93,760	351,372	276,725
Income tax expense	27,498	16,109	77,103	52,118
Net income	$95,174	$77,651	$274,269	$224,607
Other Comprehensive Income, net of tax
Net holding (losses)/gains on securities available-for-sale	(10,182)	9,524	5,904	25,909
Total comprehensive income	$84,992	$87,175	$280,173	$250,516
Net Income Per Common Share:
Basic	$1.43	$1.13	$4.10	$3.22
Diluted	$1.43	$1.13	$4.09	$3.21
Cash dividends paid per common share	$0.38	$0.34	$1.14	$1.02
Average Common Shares Outstanding:
Basic	66,499,705	68,727,390	66,832,009	69,692,964
Diluted	66,761,397	68,990,648	67,131,370	69,946,877

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 June 30, 2026	66,825,367	$919	$1,005,086	$(38,314)	$3,037,887	$(958,964)	$3,046,614
Dividend Reinvestment Plan	10,379	1	646	—	—	—	647
Restricted stock units vested	48,576	—	—	—	—	—	—
Stock issued to directors	—	—	1	—	—	—	1
Shares withheld related to net share settlement of RSUs	—	—	(1,444)	—	—	—	(1,444)
Purchases of treasury stock	(800,594)	—	—	—	—	(50,749)	(50,749)
Stock-based compensation	—	—	1,892	—	—	—	1,892
Cash dividends of $0.38 per share	—	—	—	—	(25,208)	—	(25,208)
Other comprehensive income	—	—	—	(10,182)	—	—	(10,182)
Net income	—	—	—	—	95,174	—	95,174
Balance at September 30, 2026	66,083,728	$920	$1,006,181	$(48,496)	$3,107,853	$(1,009,713)	$3,056,745

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 June 30, 2025	69,343,395	$918	$996,249	$(69,222)	$2,787,608	$(829,258)	$2,886,295
Dividend Reinvestment Plan	12,855	—	634	—	—	—	634
Restricted stock units vested	341	—	—	—	—	—	—
Stock issued to directors	—	—	—	—	—	—	—
Shares withheld related to net share settlement of RSUs	—	—	(3)	—	—	—	(3)
Purchases of treasury stock	(1,070,000)	—	—	—	—	(50,585)	(50,585)
Stock-based compensation	—	—	2,003	—	—	—	2,003
Cash dividends of $0.34 per share	—	—	—	—	(23,243)	—	(23,243)
Other comprehensive income	—	—	—	9,524	—	—	9,524
Net income	—	—	—	—	77,651	—	77,651
Balance at September 30, 2025	68,286,591	$918	$998,883	$(59,698)	$2,842,016	$(879,843)	$2,902,276

Accumulated
Common Stock · Additional · Other · Total
Number of · Paid-in · Comprehensive · Retained · Treasury · Stockholders'
Nine 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	35,967	1	1,987	—	—	—	1,988
Restricted stock units vested	117,681	1	—	—	—	—	1
Stock issued to directors	16,195	—	864	—	—	—	864
Shares withheld related to net share settlement of RSUs	—	—	(3,878)	—	—	—	(3,878)
Purchases of treasury stock	(1,286,241)	—	—	—	—	(77,505)	(77,505)
Stock-based compensation	—	—	5,807	—	—	—	5,807
Cash dividends of $1.14 per share	—	—	—	—	(76,093)	—	(76,093)
Other comprehensive income	—	—	—	5,904	—	—	5,904
Net income	—	—	—	—	274,269	—	274,269
Balance at September 30, 2026	66,083,728	$920	$1,006,181	$(48,496)	$3,107,853	$(1,009,713)	$3,056,745

Accumulated
Common Stock · Additional · Other · Total
Number of · Paid-in · Comprehensive · Retained · Treasury · Stockholders'
Nine 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	43,009	1	1,969	—	—	—	1,970
Restricted stock units vested	108,387	1	—	—	—	—	1
Stock issued to directors	22,956	—	1,020	—	—	—	1,020
Shares withheld related to net share settlement of RSUs	—	—	(2,758)	—	—	—	(2,758)
Purchases of treasury stock	(2,751,085)	—	—	—	—	(127,923)	(127,923)
Stock-based compensation	—	—	4,690	—	—	—	4,690
Cash dividends of $1.02 per share	—	—	—	—	(70,944)	—	(70,944)
Other comprehensive income	—	—	—	25,909	—	—	25,909
Net income	—	—	—	—	224,607	—	224,607
Balance at September 30, 2025	68,286,591	$918	$998,883	$(59,698)	$2,842,016	$(879,843)	$2,902,276

CONSOLIDATED STATEMENTS OF CASH FLOWS

	Nine Months Ended September 30,
	2026	2025
($ In thousands)
Cash Flows from Operating Activities
Net income	$274,269	$224,607
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses	58,033	55,431
Provision for losses on other real estate owned	—	890
Deferred tax provision	10,245	10,007
Depreciation and amortization	5,053	5,184
Amortization of right-of-use asset	7,196	7,045
Change in operating lease liabilities	1,268	2,228
Net gains on sales and transfers of other real estate owned	(1,095)	(2,968)
Net (gains)/losses on sales of loans	(305)	57
Losses on sales or disposal of premises and equipment	28	63
Amortization on alternative energy partnerships, venture capital and other investments	23,080	32,382
Net losses on sales of investment securities	41,323	—
Amortization/accretion of securities available-for-sale premiums/discounts, net	(23,970)	(19,721)
Unrealized (gains)/ losses on equity securities	(65,021)	2,318
Stock-based compensation and stock issued to officers as compensation	6,672	5,711
Net change in accrued interest receivable and other assets	(42,406)	22,830
Net change in other liabilities	123,154	(32,557)
Net cash provided by operating activities	417,524	313,507
Cash Flows from Investing Activities
Purchases of securities available-for-sale	(1,890,016)	(1,289,400)
Proceeds from repayments, maturities and calls of securities available-for-sale	1,531,089	1,249,581
Proceeds from sales of securities available-for-sale	419,010	—
Proceeds from sales of other real estate owned	8,945	10,316
Proceeds from sales of loans originally classified as held-for-investment	11,292	42,134
Net increase in loans	(1,106,491)	(820,318)
Purchases of premises and equipment	(7,261)	(4,455)
Net (increase)/decrease in affordable housing investments and alternative energy partnerships	(31,706)	2,004
Net cash used for investing activities	(1,065,138)	(810,138)
Cash Flows from Financing Activities
Increase in deposits	940,823	834,819
Advances from Federal Home Loan Bank	11,406,000	10,145,000
Repayments of Federal Home Loan Bank borrowings	(11,206,000)	(10,015,000)
Repayments of Trust Preferred Securities	(54,125)	—
Cash dividends paid	(76,093)	(70,944)
Purchases of treasury stock	(77,505)	(127,923)
Proceeds from shares issued under Dividend Reinvestment Plan	1,988	1,970
Taxes paid related to net share settlement of RSUs	(3,878)	(2,758)
Net cash provided by financing activities	931,210	765,164
Increase in cash, cash equivalents, and restricted cash	283,596	268,533
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	$1,708,005	$1,308,053
Supplemental Cash Flow Information
Cash paid during the period:
Interest	$392,034	$433,983
Income taxes	$82,443	$43,410
Non-cash investing and financing activities:
Net change in unrealized holding gains on securities available-for-sale, net of tax	$5,904	$25,909
Loans transferred from held-for-investment to held-for-sale	$24,583	$51,128
Transfers to other real estate owned from loans held-for-investment	$4,142	$10,351

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