Cathay General Bancorp (CATY) financial statements (2022 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5,6746,8367,6489755401,185717
Cash and cash equivalents5,6516,8127,620600247218180
Short-term investments222428375293967537
Total current assets:5,6746,8367,6489755401,185717
Noncurrent Assets
Operating lease, right-of-use asset283134
Property, plant and equipment99103104103103106109
Intangible assets, net (including goodwill)377378378379380375376
Goodwill372372372372372372372
Intangible assets, net (excluding goodwill)5567834
Total noncurrent assets:504512517483483481485
Other undisclosed assets14,70911,6969,92915,32714,61712,85512,052
TOTAL ASSETS:20,88719,04318,09416,78515,64014,52113,254
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt  26 100350400
Total current liabilities:  26 100350400
Noncurrent Liabilities
Long-term debt and lease obligation119119119119   
Long-term debt, excluding current maturities119119119119   
Total noncurrent liabilities:119119119119   
Other undisclosed liabilities18,32116,50615,65514,54413,56712,34211,106
Total liabilities:18,44016,62515,80014,66313,66712,69211,506
Stockholders' equity
Stockholders' equity attributable to parent2,4462,4182,2942,1221,9731,8291,748
Common stock1111111
Treasury stock, value(509)(342)(319)(282)(240)(240)(185)
Additional paid in capital972965950942933895881
Accumulated other comprehensive income (loss)(3)52(18)(3)(4)(8)
Retained earnings1,9851,7891,6591,4791,2821,1751,060
Total stockholders' equity:2,4462,4182,2942,1221,9731,8291,748
TOTAL LIABILITIES AND EQUITY:20,88719,04318,09416,78515,64014,52113,254

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues666700768686581507453
Net investment income666700768686574497451
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
 (58)     
Gross profit:666642768686581507453
Operating expenses(198)(187)(196)(189)(169)(149)(138)
Other operating income, net
(Noninterest Income, Other Operating Income)
4231  191825
Operating income:510485572497432376340
Nonoperating income    6 2
Investment income, nonoperating    6  
Gains on sales of other real estate      2
Interest and debt expense(69)(148)(194)(122)(80)(81)(74)
Other undisclosed loss from continuing operations before equity method investments, income taxes    (58)(53)(47)
Income from continuing operations before equity method investments, income taxes:441337378375298242221
Other undisclosed loss from continuing operations before income taxes(59)(83)(28)(37)   
Income from continuing operations before income taxes:382254349338298242221
Income tax expense(84)(25)(70)(66)(122)(67)(60)
Net income available to common stockholders, diluted:298229279272176175161

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:298229279272176175161
Other comprehensive income (loss)(8)320(6)15(3)
Comprehensive income, net of tax, attributable to parent:290232299265177180158

Statements sources

The financial statements are based on the company's filings with the 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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