LOS ANGELES (AP) — LOS ANGELES (AP) — 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.
Cathay shares have decreased 19% since the beginning of the year. In the final minutes of trading on Monday, shares hit $38.60, a rise of 11% in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CATY at https://www.zacks.com/ap/CATY
Copyright © 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
