Cathay General Bancorp (CATY) Financial Statements (2024 and earlier)

Company Profile

Business Address 777 N BROADWAY
LOS ANGELES, CA 90012
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments225,560279,0597,230,968223,174168,519166,719
Cash and cash equivalents187,886252,0487,208,810200,051141,734138,979
Short-term investments37,67427,01122,15823,12326,78527,740
Total current assets:225,560279,0597,230,968223,174168,519166,719
Noncurrent Assets
Operating lease, right-of-use asset31,39929,90629,62730,67931,88332,045
Property, plant and equipment92,09093,20494,77696,41997,56598,795
Intangible assets, net (including goodwill)380,688381,260381,453382,644382,927383,218
Goodwill375,696375,696375,696375,696375,696375,706
Intangible assets, net (excluding goodwill)4,9925,5645,7576,9487,2317,512
Total noncurrent assets:504,177504,370505,856509,742512,375514,058
Other undisclosed assets22,298,70121,248,17214,211,15221,157,21520,554,65920,185,793
TOTAL ASSETS:23,028,43822,031,60121,947,97621,890,13121,235,55320,866,570
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt    225,000  
Total current liabilities:    225,000  
Noncurrent Liabilities
Long-term debt and lease obligation119,100119,100119,100119,100119,100119,100
Long-term debt, excluding current maturities119,100119,100119,100119,100119,100119,100
Total noncurrent liabilities:119,100119,100119,100119,100119,100119,100
Other undisclosed liabilities20,306,66719,370,16219,354,83619,126,47218,684,92118,325,240
Total liabilities:20,425,76719,489,26219,473,93619,470,57218,804,02118,444,340
Equity
Equity, attributable to parent2,602,6712,542,3392,474,0402,419,5592,431,5322,422,230
Common stock913911911911910909
Treasury stock, value(667,243)(667,287)(650,551)(619,009)(572,719)(542,131)
Additional paid in capital983,233983,534981,119978,433976,547974,748
Accumulated other comprehensive loss(99,049)(91,077)(102,295)(112,874)(71,328)(45,977)
Retained earnings2,384,8172,316,2582,244,8562,172,0982,098,1222,034,681
Total equity:2,602,6712,542,3392,474,0402,419,5592,431,5322,422,230
TOTAL LIABILITIES AND EQUITY:23,028,43822,031,60121,947,97621,890,13121,235,55320,866,570

Income Statement (P&L) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues
(Net Investment Income)
299,807285,082263,459225,756189,278171,685
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(12,205)(3,255)230(2,000)(2,500)(9,339)
Gross profit:287,602281,827263,689223,756186,778162,346
Operating expenses(58,123)(55,884)(54,957)(52,728)(55,977)(51,865)
Other operating income, net
(Noninterest Income, Other Operating Income)
5,5035,0925,9986,0548,3836,677
Operating income:234,982231,035214,730177,082139,184117,158
Interest and debt expense(118,572)(92,951)(61,974)(28,485)(14,370)(12,755)
Income from continuing operations before equity method investments, income taxes:116,410138,084152,756148,597124,814104,403
Other undisclosed loss from continuing operations before income taxes(13,743)(22,691)(21,478)(18,580)(11,656)(6,320)
Income from continuing operations before income taxes:102,667115,393131,278130,017113,15898,083
Income tax expense(9,447)(19,386)(33,677)(30,982)(24,180)(23,055)
Income from continuing operations:93,22096,00797,60199,03588,97875,028
Income before gain (loss) on sale of properties:99,03588,97875,028
Net income available to common stockholders, diluted:93,22096,00797,60199,03588,97875,028

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income:93,22096,00797,60199,03588,97875,028
Other comprehensive income (loss)(7,972)11,21810,579(41,546)(25,351)(42,912)
Comprehensive income, net of tax, attributable to parent:85,248107,225108,18057,48963,62732,116

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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