Cathay General Bancorp Files 2024 10-K
Ticker: CATY · Form: 10-K · Filed: Feb 28, 2025 · CIK: 861842
| Field | Detail |
|---|---|
| Company | Cathay General Bancorp (CATY) |
| Form Type | 10-K |
| Filed Date | Feb 28, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: financials, earnings, banking, 10-K
Related Tickers: CATY
TL;DR
CATY 2024 10-K: $16.7B assets, $1.7B liabs, $207.5M net income. Stable.
AI Summary
Cathay General Bancorp filed its 2024 10-K on February 28, 2025, reporting total assets of $16.68 billion and total liabilities of $1.73 billion for the fiscal year ending December 31, 2024. The company's net income was $207.5 million, with earnings per share of $1.36. The filing also details changes in other real estate owned, noting a balance of $14.4 million net of disposal costs.
Why It Matters
This filing provides a comprehensive overview of Cathay General Bancorp's financial performance and position for 2024, crucial for investors assessing the bank's stability and future prospects.
Risk Assessment
Risk Level: medium — The filing presents standard financial information for a large banking institution without immediate red flags.
Key Numbers
- $16.68B — Total Assets (As of December 31, 2024)
- $1.73B — Total Liabilities (As of December 31, 2024)
- $207.5M — Net Income (For the fiscal year ended December 31, 2024)
- $1.36 — Earnings Per Share (For the fiscal year ended December 31, 2024)
- $14.4M — Other Real Estate Owned (net) (As of December 31, 2024, net of disposal costs)
Key Players & Entities
- CATHAY GENERAL BANCORP (company) — Filer
- 20241231 (date) — Fiscal Year End
- 20250228 (date) — Filing Date
- $16.68 billion (dollar_amount) — Total Assets
- $1.73 billion (dollar_amount) — Total Liabilities
- $207.5 million (dollar_amount) — Net Income
- $1.36 (dollar_amount) — Earnings Per Share
- $14.4 million (dollar_amount) — Other Real Estate Owned (net)
FAQ
What was Cathay General Bancorp's total revenue for the fiscal year 2024?
The provided snippet does not explicitly state the total revenue for fiscal year 2024. It focuses on assets, liabilities, and net income.
How has the 'Other Real Estate Owned' balance changed compared to the previous year?
The filing mentions an 'Other real estate owned balance of $14.4 million' for the current period and '19.4 million' in a previous period, both net of estimated disposal costs, indicating a decrease.
What is the company's primary industry classification?
Cathay General Bancorp is classified under 'STATE COMMERCIAL BANKS' with the Standard Industrial Classification code 6022.
When was Cathay General Bancorp incorporated?
The State of Incorporation for Cathay General Bancorp is Delaware (DE).
What were the company's total equity figures for the fiscal year 2024?
The filing indicates total equity of $14.95 billion (Total Assets $16.68B - Total Liabilities $1.73B), though not explicitly labeled as 'total equity' in the snippet.
Filing Details
This Form 10-K (Form 10-K) was filed with the SEC on February 28, 2025 regarding CATHAY GENERAL BANCORP (CATY).