Cathay: Q1 Earnings Snapshot
By AP News
Published - Apr 20, 2023, 04:49 PM ET
Last Updated - Jun 22, 2023, 05:13 AM EDT
LOS ANGELES (AP) — LOS ANGELES (AP) — Cathay General Bancorp (CATY) on Thursday reported first-quarter profit of $96 million.
The Los Angeles-based bank said it had earnings of $1.32 per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.29 per share.
The holding company for Cathay Bank posted revenue of $299.6 million in the period. Its revenue net of interest expense was $206.7 million, meeting Street forecasts.
