Cathay General Bancorp (CATY) Q4 FY2023 earnings: revenue $205 million, down 4.0% on the year

Cathay General Bancorp (CATY) reported revenue of $205 million for Q4 FY2023, the quarter ended 31 December 2023, down 4.0% on the same quarter a year earlier. Net income was $83 million, down 15.4% on the year, and diluted earnings per share $1.13. The figures are the company's own, from the 10-K it filed with the SEC on 29 February 2024.

Revenue$205 milliondown 4.0%

Net income$83 milliondown 15.4%

Diluted EPS$1.13

QuarterQ4 FY2023ended 31 December 2023

The quarter, against the one before and a year earlier

Line	Q4 FY2023	Q3 FY2023	A year earlier	Change on the year
Revenue	205	193	n/a	n/a
Interest expense	151	138	n/a	n/a
Pre-tax income	93.0	92.5	n/a	n/a
Income tax	10.5	10.1	n/a	n/a
Effective tax rate	11.3%	11.0%	n/a
Net income	82.5	82.4	n/a	n/a
Net margin	40.2%	42.6%	n/a
Diluted EPS	$1.13	$1.13	n/a	n/a

$ million except per share.

Fourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

Line	Q4 FY2023	Q3 FY2023	A year earlier	Change on the year
Operating cash flow	65.8	107	n/a	n/a
Capital expenditure	1.8	0.7	n/a	n/a
Free cash flow	64.0	106	n/a	n/a
Cash from investing	-590	-141	n/a	n/a
Cash from financing	190	-285	n/a	n/a
Depreciation and amortisation	2.0	2.0	n/a	n/a
Buybacks	-0.0	-0.0	n/a	n/a
Dividends paid	24.7	24.7	n/a	n/a
Dividend per share	n/a	$0.34	n/a	n/a
Diluted shares, weighted	73m	73m	n/a	n/a
Shares outstanding at period end	73m	73m	n/a	n/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

Line	Q4 FY2023	Q3 FY2023	A year earlier	Change on the year
Shareholders' equity	2,737	2,639	n/a	n/a
Deposits	19,325	19,636	n/a	n/a
Debt	119	119	n/a	n/a
Other liabilities	900	451	n/a	n/a
Total liabilities and equity	23,082	22,845	n/a	n/a
Fixed assets	91.1	91.0	n/a	n/a
Goodwill	376	376	n/a	n/a
Intangible assets	4.5	4.7	n/a	n/a
Securities held for sale or to maturity	1,605	1,509	n/a	n/a
Cash and equivalents	829	1,163	n/a	n/a
Other assets	20,177	19,701	n/a	n/a
Total assets	23,082	22,845	n/a	n/a

Questions

What was Cathay General Bancorp's revenue in Q4 FY2023?

Cathay General Bancorp (CATY) reported revenue of $205 million for Q4 FY2023, the quarter ended 31 December 2023, down 4.0% on the same quarter a year earlier.

How much did Cathay General Bancorp earn in Q4 FY2023?

Net income for Q4 FY2023 was $83 million, down 15.4% on the year, and diluted earnings per share $1.13.

When did Cathay General Bancorp report Q4 FY2023 results?

Cathay General Bancorp filed its 10-K for the year that ended with the quarter on 29 February 2024; the fourth quarter is the year less the first three.

Quarterly results, the last 12 quarters

	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026
Revenue	193	205	175	179	190	186	188	197	211	223	215	222
Interest expense	138	151	164	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Pre-tax income	92.5	93.0	80.0	72.6	78.2	86.8	86.7	96.3	93.8	113	110	119
Tax rate	11%	11%	11%	8%	14%	8%	20%	20%	17%	20%	21%	22%
Net income	82.4	82.5	71.4	66.8	67.5	n/a	69.5	77.5	77.7	90.5	86.9	92.2
Net margin	43%	40%	41%	37%	36%	n/a	37%	39%	37%	41%	40%	41%
Diluted EPS	$1.13	$1.13	$0.98	$0.92	$0.94	$1.11	$0.98	$1.10	$1.13	$1.33	$1.29	$1.37
Operating cash flow	107	65.8	88.2	72.9	81.2	86.8	99.0	64.0	151	55.1	98.3	237
Capital expenditure	0.7	1.8	0.9	0.5	1.2	1.0	2.7	1.3	0.5	0.5	2.3	3.7
Free cash flow	106	64.0	87.3	72.4	80.0	85.8	96.3	62.7	150	54.6	96.0	234
Buybacks	-0.0	-0.0	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Dividends paid	24.7	24.7	24.7	24.8	24.3	24.2	23.9	23.8	23.2	22.9	25.4	25.4
Shares outstanding	73m	73m	73m	72m	71m	71m	70m	69m	68m	67m	67m	67m
Filing	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-K for the period ended 31 December 2023, filed 29 February 2024, accession 0001437749-24-005948: the filing on EDGAR. All of Cathay General Bancorp's filings: EDGAR company page.

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