--- title: "Cathay Bancorp | 8-K: FY2026 Q2 Revenue: USD 348.86 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/293518570.md" datetime: "2026-07-22T20:37:25.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/293518570.md) - [en](https://longbridge.com/en/news/293518570.md) - [zh-HK](https://longbridge.com/zh-HK/news/293518570.md) --- # Cathay Bancorp | 8-K: FY2026 Q2 Revenue: USD 348.86 M Revenue: As of FY2026 Q2, the actual value is USD 348.86 M. EPS: As of FY2026 Q2, the actual value is USD 1.37, beating the estimate of USD 1.35. EBIT: As of FY2026 Q2, the actual value is USD 120.59 M. #### Net Income Cathay General Bancorp reported net income of $92.2 million for the second quarter of 2026, marking a 6.1% increase from $86.9 million in the first quarter of 2026. The net income for the second quarter of 2025 was $77.5 million. For the six months ended June 30, 2026, net income was $179.1 million, an increase of 21.8% compared to $147.0 million for the same period in the prior year. #### Net Interest Income Before Provision for Credit Losses Net interest income before provision for credit losses increased by 3.5% to $200.9 million in the second quarter of 2026, up from $194.2 million in the first quarter of 2026. #### Provision for Credit Losses The Company recorded a provision for credit losses of $11.2 million in the second quarter of 2026, which is lower than the $18.2 million recorded in the first quarter of 2026. #### Non-Interest Income Non-interest income for the second quarter of 2026 was $21.4 million, an increase of 3.4% from $20.7 million in the first quarter of 2026. #### Non-Interest Expense Non-interest expense increased by 6.5% to $92.3 million in the second quarter of 2026, compared to $86.7 million in the first quarter of 2026. #### Efficiency Ratio The efficiency ratio was 41.53% in the second quarter of 2026, compared to 40.35% for the first quarter of 2026. For the six months ended June 30, 2026, the efficiency ratio was 40.95%, an improvement from 45.46% for the same period a year ago. #### Returns Return on average assets was 1.52% for the second quarter of 2026, up from 1.47% in the first quarter of 2026. Return on average total stockholders’ equity was 12.21% for the second quarter of 2026, an increase from 11.88% in the first quarter of 2026. For the six months ended June 30, 2026, return on average stockholders’ equity was 12.05% (up from 10.28%), and return on average assets was 1.50% (up from 1.27%). #### Net Interest Margin and Spread The net interest margin increased to 3.48% in the second quarter of 2026 from 3.43% in the first quarter of 2026. The net interest spread was 2.77% for the second quarter of 2026, compared to 2.71% for the first quarter of 2026. For the six months ended June 30, 2026, the net interest margin was 3.45%, compared to 3.26% for the same period a year ago. #### Total Loans Gross loans, excluding loans held for sale, increased by $446.7 million (2.2%) to $20.62 billion as of June 30, 2026, from $20.17 billion as of March 31, 2026. #### Total Deposits Total deposits increased by $386.0 million (1.9%) to $21.06 billion as of June 30, 2026, from $20.68 billion as of March 31, 2026. #### Allowance for Loan Losses The allowance for loan losses increased by $10.1 million to $218.9 million as of June 30, 2026, representing 1.06% of gross loans, compared to $208.8 million (1.03% of gross loans) as of March 31, 2026. #### Non-Accrual Loans Total non-accrual loans increased by $22.7 million (25.5%) to $111.7 million as of June 30, 2026, from $89.0 million as of March 31, 2026. #### Total Non-Performing Assets Total non-performing assets increased by $17.5 million (13.7%) to $145.4 million as of June 30, 2026, compared to $127.9 million as of March 31, 2026. #### Capital Ratios As of June 30, 2026, Cathay General Bancorp’s Tier 1 risk-based capital ratio was 13.70% (up from 13.47%), total risk-based capital ratio was 15.47% (up from 15.20%), and Tier 1 leverage capital ratio was 11.28% (up from 11.15%), all exceeding regulatory requirements. #### Unique Metrics / Capital Management Cathay General Bancorp’s Board approved an increase to its existing share repurchase authorization from $150 million to $200 million, subject to regulatory approval. The Board also approved the redemption of $54.1 million of trust preferred securities, representing approximately 45% of the Company’s outstanding trust preferred securities. #### Outlook / Guidance Cathay General Bancorp remains focused on maintaining strong credit quality, prudently managing its balance sheet, and supporting the financial needs of its clients. 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