Recap: Cathay General Q2 Earnings

Shares of Cathay General CATY fell 2.1% in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share fell 24.44% over the past year to $0.68, which beat the estimate of $0.57.

Revenue of $150,081,000 declined by 3.90% from the same period last year, which beat the estimate of $145,430,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Cathay General hasn't issued any revenue guidance for the time being.

Details Of The Call

Date: Jul 27, 2020

Time: 06:00 PM

ET Webcast URL: https://edge.media-server.com/mmc/p/br2pbtbw

Recent Stock Performance

Company's 52-week high was at $38.91

Company's 52-week low was at $17.58

Price action over last quarter: down 6.25%

Company Description

Cathay General Bancorp is a California-based regional bank primarily serving the Chinese-American community. With more than 45 branches and three international representative offices, the bank provides traditional loan and deposit products, as well as international trade-related services to individuals and small to midsize businesses. The Bank accepts checking, savings, and time deposits, and makes commercial, real estate, personal, home improvement, automobile, and other installment and term loans. The Bank also provides letters of credit, safe deposit, Social Security payment deposit, bank-by-mail, Internet banking services, and other customary banking services.