CATHAY GENERAL BANCORP

For the period ended Dec 31, 2025. Filed Mar 2, 2026.

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FY2025 · Filed Mar 2, 2026

CATY$65.35-0.0%Stored close · as of Nov 10, 2026

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Contents

Consolidated Balance Sheets at December 31, 2025 and 2024

CONSOLIDATED BALANCE SHEETS

	As of December 31,
	2025	2024
($ In thousands, except share data)
Assets
Cash and due from banks	$146,320	$157,167
Short-term investments and interest-bearing deposits	1,278,089	882,353
Securities available-for-sale (amortized cost of $1,735,451 in 2025 and $1,668,661 in 2024)	1,658,223	1,547,128
Loans	20,147,202	19,375,955
Less: Allowance for loan losses	(195,911)	(161,765)
Unamortized deferred loan fees, net	(14,903)	(10,541)
Loans, net	19,936,388	19,203,649
Equity securities	51,886	34,429
Federal Home Loan Bank stock	17,250	17,250
Other real estate owned, net	30,336	23,071
Affordable housing investments and alternative energy partnerships, net	287,182	289,611
Premises and equipment, net	87,579	88,676
Customers’ liability on acceptances	4,385	14,061
Accrued interest receivable	96,993	97,779
Goodwill	375,696	375,696
Other intangible assets, net	2,683	3,335
Right-of-use assets- operating leases	34,187	28,645
Other assets	222,378	291,831
Total assets	$24,229,575	$23,054,681
Liabilities and Stockholders’ Equity
Deposits:
Non-interest-bearing demand deposits	$3,505,606	$3,284,342
Interest-bearing deposits:
NOW deposits	2,370,047	2,205,695
Money market deposits	3,800,471	3,372,773
Savings deposits	1,500,890	1,252,788
Time deposits	9,717,153	9,570,601
Total deposits	20,894,167	19,686,199
Advances from the Federal Home Loan Bank	—	60,000
Other borrowings for affordable housing investments	17,582	17,740
Long-term debt	119,136	119,136
Acceptances outstanding	4,385	14,061
Lease liabilities - operating leases	36,102	30,851
Other liabilities	232,815	280,990
Total liabilities	21,304,187	20,208,977
Commitments and contingencies	—	—
Stockholders’ Equity
Common stock, $0.01 par value, 100,000,000 shares authorized, 91,803,148 issued and 67,200,126 outstanding at December 31, 2025, and 91,615,458 issued and 70,863,324 outstanding at December 31, 2024	918	916
Additional paid-in-capital	1,001,401	993,962
Accumulated other comprehensive loss, net	(54,400)	(85,607)
Retained earnings	2,909,677	2,688,353
Treasury stock, at cost (24,603,022 shares at December 31, 2025, and 20,752,134 shares at December 31, 2024)	(932,208)	(751,920)
Total equity	2,925,388	2,845,704
Total liabilities and equity	$24,229,575	$23,054,681

CATHAY GENERAL BANCORP AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME

	Year Ended December 31,
	2025	2024	2023
($ In thousands, except share and per share data)
Interest and Dividend Income
Loan receivable	$1,206,547	$1,217,166	$1,130,242
Investment securities	51,964	59,307	51,717
Federal Home Loan Bank stock	1,508	1,684	1,349
Deposits with banks	49,241	56,818	58,914
Total interest and dividend income	1,309,260	1,334,975	1,242,222
Interest Expense
Time deposits	374,232	458,490	331,997
Other deposits	177,618	177,775	135,965
Advances from the Federal Home Loan Bank	6,248	14,283	22,164
Long-term debt	8,048	8,129	6,480
Short-term borrowings	654	2,243	3,870
Total interest expense	566,800	660,920	500,476
Net interest income before provision for credit losses	742,460	674,055	741,746
Provision for credit losses	72,631	37,500	25,978
Net interest income after provision for credit losses	669,829	636,555	715,768
Non-Interest Income
Net gains/(losses) from equity securities	7,392	(7,516)	18,248
Net gains/(losses) from securities available for sale	—	1,107	(3,000)
Letters of credit commissions	8,799	7,749	6,716
Depository service fees	7,573	6,574	6,432
Wealth management fees	23,688	24,055	17,506
Other operating income	27,980	23,695	22,390
Total non-interest income	75,432	55,664	68,292
Non-Interest Expense
Salaries and employee benefits	177,427	167,376	154,149
Occupancy expense	23,657	23,281	22,270
Computer and equipment expense	23,234	20,135	17,478
Professional services expense	31,692	30,986	32,491
Data processing service expense	17,466	16,370	14,728
FDIC and State assessments	11,382	14,279	23,588
Marketing expense	6,003	6,520	5,887
Other real estate owned (income)/expense	(1,152)	2,699	761
Amortization of investments in low-income housing and
Alternative energy partnerships	43,614	72,633	86,616
Amortization of core deposit premium	946	1,098	1,310
Acquisition, integration and reorganization costs	—	—	671
Other operating expense	20,794	19,300	20,529
Total non-interest expense	355,063	374,677	380,478
Income before income tax expense	390,198	317,542	403,582
Income tax expense	75,074	31,563	49,458
Net income	$315,124	$285,979	$354,124
Other Comprehensive Income/(Loss), Net of Tax:
Net holding gains on securities available-for-sale	31,207	583	18,642
Net holding losses on cash flow hedge derivatives	—	(774)	(1,763)
Total other comprehensive income/(loss), net of tax	31,207	(191)	16,879
Total comprehensive income	$346,331	$285,788	$371,003
Net Income Per Common Share
Basic	$4.55	$3.97	$4.88
Diluted	$4.54	$3.95	$4.86
Cash dividends paid per common share	$1.36	$1.36	$1.36
Average Common Shares Outstanding:
Basic	69,184,832	72,068,850	72,573,025
Diluted	69,451,260	72,327,017	72,862,628

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.