Cathay General Bancorp reported late Wednesday financial results for Q4, with earnings that matched estimates and better-than-expected revenue.
The bank holding company for Cathay Bank posted adjusted earnings of $0.60 per share, compared with the prior-year period’s $0.51 per share. Analysts polled by Capital IQ were expecting EPS of $0.60.
Revenue, calculated as the sum of net interest income and non-interest income, was $117.9 million, up from $108.8 million in the same quarter last year. The Street view was for revenue of $114.5 million.