Cathay General Bancorp (CATY) Q4 FY2024 earnings: revenue $186 million, down 9.1% on the year

Cathay General Bancorp (CATY) reported revenue of $186 million for Q4 FY2024, the quarter ended 31 December 2024, down 9.1% on the same quarter a year earlier. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2025.

Revenue$186 milliondown 9.1%

Net income

Diluted EPS$1.11

QuarterQ4 FY2024ended 31 December 2024

The quarter, against the one before and a year earlier

Line	Q4 FY2024	Q3 FY2024	Q4 FY2023	Change on the year
Revenue	186	190	205	-9.1%
Interest expense	n/a	n/a	151	n/a
Pre-tax income	86.8	78.2	93.0	-6.7%
Income tax	6.6	10.6	10.5	-37.4%
Effective tax rate	7.6%	13.6%	11.3%
Net income	n/a	67.5	82.5	n/a
Net margin	n/a	35.6%	40.2%
Diluted EPS	$1.11	$0.94	$1.13	-1.8%

$ 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 FY2024	Q3 FY2024	Q4 FY2023	Change on the year
Operating cash flow	86.8	81.2	65.8	+31.9%
Capital expenditure	1.0	1.2	1.8	-44.5%
Free cash flow	85.8	80.0	64.0	+34.0%
Cash from investing	-80.9	145	-590	n/a
Cash from financing	-305	7.1	190	n/a
Depreciation and amortisation	1.7	1.8	2.0	-12.7%
Share-based compensation	1.9	1.9	n/a	n/a
Buybacks	n/a	n/a	-0.0	n/a
Dividends paid	24.2	24.3	24.7	-2.2%
Dividend per share	n/a	$0.34	n/a	n/a
Diluted shares, weighted	72m	72m	73m	-0.8%
Shares outstanding at period end	71m	71m	73m	-2.5%

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 FY2024	Q3 FY2024	Q4 FY2023	Change on the year
Shareholders' equity	2,846	2,830	2,737	+4.0%
Deposits	19,686	19,944	19,325	+1.9%
Debt	119	119	119	+0.0%
Other liabilities	404	381	900	-55.2%
Total liabilities and equity	23,055	23,274	23,082	-0.1%
Fixed assets	88.7	89.2	91.1	-2.7%
Goodwill	376	376	376	+0.0%
Intangible assets	3.3	3.6	4.5	-25.2%
Securities held for sale or to maturity	1,547	1,508	1,605	-3.6%
Loans	19,204	n/a	n/a	n/a
Cash and equivalents	1,040	1,339	829	+25.4%
Other assets	797	19,959	20,177	-96.1%
Total assets	23,055	23,274	23,082	-0.1%

Questions

What was Cathay General Bancorp's revenue in Q4 FY2024?

Cathay General Bancorp (CATY) reported revenue of $186 million for Q4 FY2024, the quarter ended 31 December 2024, down 9.1% on the same quarter a year earlier.

When did Cathay General Bancorp report Q4 FY2024 results?

Cathay General Bancorp filed its 10-K for the year that ended with the quarter on 28 February 2025; 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 2024, filed 28 February 2025, accession 0001437749-25-005749: the filing on EDGAR. All of Cathay General Bancorp's filings: EDGAR company page.

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