Latest news with #CathayBank
Yahoo
05-06-2025
- Business
- Yahoo
Cathay General Bancorp Adopts New Share Repurchase Program
LOS ANGELES, June 05, 2025--(BUSINESS WIRE)--Cathay General Bancorp (the "Company", Nasdaq: CATY), the holding company for Cathay Bank, announced that its Board of Directors has adopted a new share repurchase program authorizing the Company to repurchase up to $150,000,000 of the Company's common stock. The previous $125,000,000 share repurchase program announced on May 28, 2024, was completed on February 28, 2025, with the repurchase of 2,905,487 shares at an average cost of $43.02. The share repurchases may be made from time to time on the open market or in privately negotiated transactions. The timing, price and volume of the share repurchases will be determined by the Company's management based on its evaluation of market conditions, relevant securities laws and other factors. Repurchases may also be made under a Rule 10b5-1 plan, which if adopted would allow stock repurchases when the Company might otherwise be precluded from doing so under insider trading laws. The share repurchase program may be suspended, terminated or modified at any time for any reason, including market conditions, the cost of repurchasing shares, the availability of alternative investment opportunities, liquidity, and other factors deemed appropriate. These factors may also affect the timing and amount of share repurchases. As of the date of this release, the Company has approximately 70,133,321 shares of common stock outstanding. ABOUT CATHAY GENERAL BANCORP Cathay General Bancorp is a publicly traded company (Nasdaq: CATY) and is the holding company for Cathay Bank, a state-chartered bank. Cathay General Bancorp's website is at Founded in 1962, Cathay Bank offers a wide range of financial services and currently operates over 60 branches across the nation in California, New York, Washington, Texas, Illinois, Massachusetts, Maryland, Nevada, and New Jersey. Overseas, it has a branch in Hong Kong, and a representative office in Beijing, Shanghai, and Taipei. To learn more about Cathay Bank, please visit View source version on Contacts Heng W. Chen(626) 279-3652 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Washington Post
21-04-2025
- Business
- Washington Post
Cathay: Q1 Earnings Snapshot
LOS ANGELES — LOS ANGELES — Cathay General Bancorp (CATY) on Monday reported first-quarter earnings of $69.5 million. The Los Angeles-based bank said it had earnings of 98 cents per share. The holding company for Cathay Bank posted revenue of $330.6 million in the period. Its revenue net of interest expense was $187.8 million, topping Street forecasts.
Yahoo
03-04-2025
- Business
- Yahoo
Cathay General Bancorp to Announce First Quarter 2025 Financial Results
LOS ANGELES, April 03, 2025--(BUSINESS WIRE)--Cathay General Bancorp (Nasdaq: CATY), the holding company for Cathay Bank, is scheduled to announce its first quarter 2025 financial results after the markets close on Monday, April 21, 2025. Cathay General Bancorp has scheduled a conference call as set forth below. Analysts and investors may participate in the question-and-answer session. Conference Call and Webcast Information: Date: Monday, April 21, 2025 Time: 3:00 p.m. Pacific Time (6:00 p.m. Eastern Time) Duration: 1 hour Dial-In Number: (833) 816-1377 Conference ID: 10198304 Participants should join the live conference call 5 to 10 minutes before its scheduled start. Webcast Access: A listen-only live webcast of the call will be available at and the recorded version will be available for replay within 24 hours after the call and archived for one year. ABOUT CATHAY GENERAL BANCORP Cathay General Bancorp (Nasdaq: CATY) is the holding company for Cathay Bank, a California state-chartered bank. Cathay General Bancorp's website is at Founded in 1962, Cathay Bank offers a wide range of financial services and currently operates over 60 branches across the nation in California, New York, Washington, Texas, Illinois, Massachusetts, Maryland, Nevada, and New Jersey. Overseas, it has a branch in Hong Kong, and a representative office in Beijing, Shanghai, and Taipei. To learn more about Cathay Bank, please visit View source version on Contacts Heng W. Chen(626) 279-3652
Associated Press
08-02-2025
- Business
- Associated Press
Cathay Bank Supports California Wildfire Recovery Efforts
LOS ANGELES--(BUSINESS WIRE)--Feb 7, 2025-- In response to the devastating wildfires impacting Southern California, Cathay Bank, through the Cathay Bank Foundation, raised $600,000 in philanthropic donations in support of relief efforts. This press release features multimedia. View the full release here: Cathay Bank and Cathay Bank Foundation presented a $600,000 check to representatives from local nonprofits who will benefit from the funds raised for the California Wildfire Recovery. (Photo: Business Wire) 'We are deeply committed to supporting our communities. This disaster is personal to us. Southern California has been our home for more than six decades. Los Angeles is our city, and where our team members and countless local businesses have built their lives,' said Chang M. Liu, Cathay Bank President and CEO. 'Helping the city recover and rebuild is our civic duty.' The funds will be directed to the following relief organizations, which are actively providing emergency aid, shelter, and resources to the impacted communities. California Community Foundation – Wildfire Recovery Fund Dream Center Foundation Pasadena Community Foundation – Eaton Canyon Fire Relief & Recovery Fund World Central Kitchen LA Fire Department Foundation Door of Hope Habitat for Humanity Greater LA Sherwood Forestry Service – Watch Duty 'Cathay Bank and the Foundation have a long history of supporting nonprofits in the areas we serve,' said Deborah Ching, Chair of the Cathay Bank Foundation. 'We are proud to provide assistance to this resilient and vibrant community in this time of need.' Cathay Bank has also initiated a Client Assistance and Relief Program to provide homeowners and business assistance for affected clients. About Cathay Bank Cathay Bank, a subsidiary of Cathay General Bancorp (Nasdaq: CATY), opened its doors in 1962 in Los Angeles to serve the growing immigrant community. Today, we operate over 60 branches across the U.S., with a branch in Hong Kong, and representative offices in Beijing, Shanghai, and Taipei. Learn more at FDIC insurance coverage is limited to deposit accounts at Cathay Bank's U.S. domestic branch locations. [email protected] SOURCE: Cathay Bank Copyright Business Wire 2025. PUB: 02/07/2025 06:21 PM/DISC: 02/07/2025 06:21 PM
Yahoo
07-02-2025
- Business
- Yahoo
Cathay Bank Supports California Wildfire Recovery Efforts
LOS ANGELES, February 07, 2025--(BUSINESS WIRE)--In response to the devastating wildfires impacting Southern California, Cathay Bank, through the Cathay Bank Foundation, raised $600,000 in philanthropic donations in support of relief efforts. "We are deeply committed to supporting our communities. This disaster is personal to us. Southern California has been our home for more than six decades. Los Angeles is our city, and where our team members and countless local businesses have built their lives," said Chang M. Liu, Cathay Bank President and CEO. "Helping the city recover and rebuild is our civic duty." The funds will be directed to the following relief organizations, which are actively providing emergency aid, shelter, and resources to the impacted communities. California Community Foundation – Wildfire Recovery Fund Dream Center Foundation Pasadena Community Foundation – Eaton Canyon Fire Relief & Recovery Fund World Central Kitchen LA Fire Department Foundation Door of Hope Habitat for Humanity Greater LA Sherwood Forestry Service – Watch Duty "Cathay Bank and the Foundation have a long history of supporting nonprofits in the areas we serve," said Deborah Ching, Chair of the Cathay Bank Foundation. "We are proud to provide assistance to this resilient and vibrant community in this time of need." Cathay Bank has also initiated a Client Assistance and Relief Program to provide homeowners and business assistance for affected clients. About Cathay Bank Cathay Bank, a subsidiary of Cathay General Bancorp (Nasdaq: CATY), opened its doors in 1962 in Los Angeles to serve the growing immigrant community. Today, we operate over 60 branches across the U.S., with a branch in Hong Kong, and representative offices in Beijing, Shanghai, and Taipei. Learn more at FDIC insurance coverage is limited to deposit accounts at Cathay Bank's U.S. domestic branch locations. Member FDIC Equal Housing Lender View source version on Contacts Diana
