Cathay General Bancorp has announced its unaudited financial results for the fourth quarter and full year ended December 31, 2025. The company reported a net income of $315.1 million for the year, an increase of $29.1 million or 10.2% compared to the previous year.
In the fourth quarter of 2025, Cathay General Bancorp reported a net income of $90.5 million, a 16.5% increase compared to the third quarter of 2025. The basic earnings per common share for the fourth quarter of 2025 were $1.34, compared to $1.13 for the third quarter of 2025.
The net interest margin increased to 3.36% during the fourth quarter from 3.31% in the third quarter. Total loans, excluding loans held for sale, increased to $20.15 billion, or 4.0%, from $19.38 billion in 2024. Total deposits also saw an increase of $1.20 billion, or 6.1%, reaching $20.89 billion in 2025, from $19.69 billion in 2024.
The company repurchased 1,099,803 shares at an average cost of $47.15 per share for a total of $51.9 million during the fourth quarter of 2025.
The net interest income before provision for credit losses increased $5.4 million, or 2.9%, to $195.0 million during the fourth quarter of 2025, compared to $189.6 million in the third quarter of 2025. The net interest margin was 3.36% for the fourth quarter of 2025 compared to 3.31% for the third quarter of 2025.
Non-interest income, which includes revenues from various sources, was $27.8 million for the fourth quarter of 2025, an increase of $6.8 million, or 32.2%, compared to $21.0 million for the third quarter of 2025.
Furthermore, the company's tier 1 risk-based capital ratio of 13.27%, total risk-based capital ratio of 14.93%, and tier 1 leverage capital ratio of 10.91% as of December 31, 2025, continue to place the company in the "well capitalized" category for regulatory purposes.
The market has reacted to these announcements by moving the company's shares -0.02% to a price of $50.80. Check out the company's full 8-K submission here.
