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Bank serving Chinese-American and broader Asian-American communities and businesses across major US metro areas.
Bank serving Chinese-American and broader Asian-American communities and businesses across major US metro areas.
Earns most from the gap between loan interest and deposit costs, with commercial real estate lending and trade finance big parts of the loan book. The California-based Cathay Bank also runs a Hong Kong branch, which supports cross-border business for its clients.
Moat: narrow (brand, distribution). Deep trust and branch presence within Chinese-American communities across multiple states.
Headquarters: Los Angeles, California, US · Founded: 1962 · Employees: 1,268
Size Cathay General Bancorp (CATY) is a United States Financials company (Regional Banks) with a market value of $4.24B, the 1305th largest of 3,117 United States companies the cockpit tracks. Shares closed at $64.22 on 6 Nov 2026.
Performance Over six months the shares gained 11.8%, against +7.8% for the median peer and -1.1% for the United States market (cap-weighted) — 6th highest of 21 in its peer set.
Growth Revenue grew 2.9% over the last twelve months (peer median +3.4%); the operating margin is 54.1% (peer median 44.1%).
Valuation It trades at 1.39× book value against a peer median of 1.32× (10th most expensive of 21).
Price implies The share price implies a return on equity of about 11.8%; Cathay General Bancorp delivers 12.2%, so the price asks less than the business earns today.
Credit Cathay General Bancorp has 2 bonds outstanding ($1.10B), rated BBB+ by the agencies and trading like BBB at a weighted spread of 125 bp.
Short interest Short interest is 5.2% of the free float (15 Oct 2026).
Next results Next results expected around 27 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $1.41B | $1.38B | $1.39B | $1.28B | $880M |
| Revenue growth | — | -1% | +8% | +46% | — |
| Net income | $365M | $315M | $286M | $354M | $361M |
| Free cash flow | n/a | $364M | $326M | $381M | $464M |
| Capital expenditure | n/a | $4.91M | $3.64M | $3.40M | $3.39M |
| Total debt | $302M | $173M | $228M | $710M | $659M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Cathay General Bancorp CATY | $4.24B | +12% | +3% | 12% | 1.39× | 11.8% |
| East West Bancorp EWBC | $17.7B | +5% | +3% | 17% | 1.95× | 16.3% |
| Preferred Bank PFBC | $1.22B | +8% | 0% | 17% | 1.54× | 10.3% |
| MetroCity Bankshares MCBS | $1.04B | +10% | +25% | 17% | 1.78× | 12.2% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | CATY | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +7.8% | +3.7% | 5th highest of 21 |
| 6-month return | +11.8% | +7.8% | 6th highest of 21 |
| Return on equity | 12.2% | 9.1% | 10th highest of 21 |
| Price / book | 1.39× | 1.32× | 10th most expensive of 21 |
| Trailing P/E | 11.8× | 11.8× | 10th cheapest of 19 |
| ROE the price implies | 11.8% | 9.8% | 8th most demanding of 20 |
| ROE delivered | 12.2% | 9.3% | 10th highest of 20 |
| Bond spread | 125 bp | n/a | — |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Cathay General Bancorp CATY | United States | $4.24B | +12% | +3% | 12% | 1.39× | 11.8% | 12.2% |
| International Bancshares IBOC | United States | $4.20B | -8% | +2% | 13% | 1.25× | 9.8% | 12.9% |
| Bendigo & Adelaide Bank BEN.AX | Australia | $4.36B | +5% | -6% | 6% | 0.93× | 11.0% | 5.6% |
| Bank Handlowy w Warszawie BHW.WA | Poland | $4.09B | +7% | -22% | 17% | 1.72× | 17.1% | 16.7% |
| United Community Banks UCB | United States | $4.43B | +11% | -18% | 4% | 1.26× | 10.9% | 4.1% |
| Zuger Kantonalbank ZUGER.SW | Switzerland | $4.04B | +8% | -10% | 8% | 2.03× | n/a | 8.3% |
| ServisFirst Bancshares SFBS | United States | $4.49B | +2% | +5% | 18% | 2.21× | 17.2% | 17.9% |
| CVB Financial CVBF | United States | $3.99B | +12% | +23% | 9% | 1.27× | 9.8% | 8.6% |
| Independent Bank INDB | United States | $3.94B | +8% | +25% | 9% | 1.14× | 9.5% | 9.3% |
| First Bancorp FBP | United States | $3.92B | +8% | +3% | 19% | 2.09× | 15.7% | 19.4% |
| Alior Bank ALR.WA | Poland | $4.59B | +15% | -7% | 16% | 1.42× | 20.0% | 15.6% |
| Hirogin 7337.T | Japan | $3.89B | +9% | +26% | 8% | 0.99× | 7.4% | 8.2% |
| BancFirst BANF | United States | $3.87B | +2% | -3% | 14% | 1.94× | 12.7% | 13.6% |
| Karur Vysya Bank KARURVYSYA.NS | India | $3.80B | +18% | +14% | 21% | 2.32× | 30.7% | 21.0% |
| EQB EQB.TO | Canada | $3.79B | +3% | -4% | 0% | 1.44× | 12.8% | -0.1% |
| Bank of Qingdao 002948.SZ | China | $4.78B | +3% | +3% | 13% | 0.85× | 5.0% | 12.9% |
| Chugin Financial Group,Inc 5832.T | Japan | $3.76B | +10% | +34% | 8% | 0.86× | 6.5% | 8.3% |
| Noba Bank NOBA.ST | Sweden | $4.81B | +20% | +6% | 17% | 1.82× | 6.9% | 17.0% |
| WesBanco WSBC | United States | $3.70B | +13% | +17% | 9% | 0.96× | 8.2% | 8.8% |
| Twenty One Capital XXI | United States | $3.57B | -36% | n/a | -12% | 1.38× | 7.6% | n/a |
| Renasant RNST | United States | $3.55B | -2% | +20% | 9% | 0.93× | 9.5% | 8.7% |
Cathay General Bancorp has 2 bonds outstanding with $1.10B face value. The agencies rate it BBB+; its bonds trade like BBB. Weighted yield 6.02%, a spread of 125 bp over government bonds.