Regional bank Cathay General Bancorp (NASDAQ:CATY) will be reporting results this Tuesday after market hours. Here’s what to look for.
Cathay General Bancorp beat analysts’ revenue expectations by 1% last quarter, reporting revenues of $198 million, up 10% year on year. It was a mixed quarter for the company, with a narrow beat of analysts’ revenue and EPS estimates.
This quarter, analysts are expecting Cathay General Bancorp’s revenue to grow 9.3% year on year to $202.5 million, a reversal from the 7.2% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.15 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Cathay General Bancorp has missed Wall Street’s revenue estimates three times over the last two years.
Looking at Cathay General Bancorp’s peers in the regional banks segment, some have already reported their Q3 results, giving us a hint as to what we can expect. First Horizon delivered year-on-year revenue growth of 7.5%, beating analysts’ expectations by 7.7%, and FB Financial reported revenues up 94.2%, topping estimates by 4.2%. First Horizon traded down 13.3% following the results while FB Financial’s stock price was unchanged.
Questions about potential tariffs and corporate tax changes have caused much volatility in 2025. While some of the regional banks stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 6.9% on average over the last month. Cathay General Bancorp is down 6.2% during the same time and is heading into earnings with an average analyst price target of $52.60 (compared to the current share price of $45.89).
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