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CATYBearishEarningsnews
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Cathay General Bancorp (CATY) Q1 2024 Earnings Call Transcript

Apr 22, 2024, 8:09 PM EDT1 sourcesAI-analyzed

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- Net income decreased by 13.4% to $71.4 million in Q1 2024. - Loan growth guidance for 2024 revised to 3%-4% due to slower growth in Q1 2024. - Total deposits increased by $520.8 million or 10.8% annualized in Q1 2024. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Earnings

  • Net income decreased by 13.4% to $71.4 million in Q1 2024.
  • Loan growth guidance for 2024 revised to 3%-4% due to slower growth in Q1 2024.
  • Total deposits increased by $520.8 million or 10.8% annualized in Q1 2024.

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