Cathay General Bancorp (CATY) has announced its third-quarter earnings, revealing a decline from the previous year's results and failing to meet Wall Street's expectations. The reported net income was $67.51 million, or $0.94 per share, compared to $82.37 million, or $1.13 per share, in the same quarter last year. Analysts, as aggregated by Thomson Reuters, had anticipated earnings of $0.95 per share, excluding any special items. Here is a quick overview of Cathay General Bancorp’s third-quarter earnings based on Generally Accepted Accounting Principles (GAAP):
- Earnings for Q3: $67.51 million compared to $82.37 million the previous year.
- Earnings per share (EPS) for Q3: $0.94 against $1.13 last year.
