Cathay General Bancorp Reports Strong First Quarter 2023 Results with Net Income of $96 Million
Revenue Reaches $285 Million, Reflecting Solid Performance
By USInMinutes
Published - Jul 25, 2023, 02:15 PM ET
Last Updated - Aug 20, 2024, 12:12 AM EDT
Cathay General Bancorp(CATY) and its subsidiaries have r eleased their unaudited financial statements for the first quarter of 2023. The data shows a remarkable performance in both net income and revenue, highlighting the company's strong financial position.
Net Income: A Profitable Start to the Year
During the three months ended March 31, 2023, Cathay General Bancorp achieved a net income of $96 million. This impressive figure indicates the company's ability to generate profits and its strong financial management amidst market challenges.
Revenue: Solid Performance in the First Quarter
