Cathay General Bancorp (NASDAQ:CATY) is set to announce second quarter earning results on Monday 27th July 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, CATY to report 2Q20 income of $ 0.57 per share.
For the full year, analysts anticipate top line of $ 595.50 million, while looking forward to income of $ 2.47 per share bottom line.
Previous Quarter Performance
Cathay General Bancorp unwinded income for the first quarter of $ 0.59 per share, from the revenue of $ 146.10 million. The quarterly earnings reduced 28.92 percent while revenues fell 6.49 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.67 per share from $ 146.24 million in revenue. The bottom line results missed street analysts by $ 0.08 or 11.94 percent, at the same time, top line results fell short of analysts by $ 0.14 million or 0.1 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of CATY was $ 25.42, representing a 44.60 % increase from the 52 week low of $ 17.58 and a 34.67 % decrease over the 52 week high of $ 38.91.
The company has a market capital of $ 2.02 billion and is part of the Financial Services sector and Banks – Regional – US industry.
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Recent Stock Dividend Announcement
On May 21, 2020, the board of directors authorized quarterly dividend of $ 0.31 per share to holders of record as of the close of business on June 2, 2020, with payment date of June 12, 2020 and ex-dividend date on June 1, 2020.
Conference Call
Cathay General Bancorp will be hosting a conference call at 6:00 PM eastern time on 27th July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.cathaygeneralbancorp.com
Cathay General Bancorp operates as the holding company for Cathay Bank that offers various commercial banking products and services to individuals, professionals, and small to medium-sized businesses in the United States. The company offers various deposit products, including passbook accounts, checking accounts, money market deposit accounts, certificates of deposit, individual retirement accounts, and public funds deposits. It also provides loan products, such as commercial mortgage loans, commercial loans, small business administration loans, residential mortgage loans, real estate construction loans, and home equity lines of credit, as well as installment loans to individuals for automobile, household, and other consumer expenditures.
