Cathay General Bancorp · NASDAQ:CATY
Cathay General Bancorp — Q4 2025 Earnings Presentation
23 slides from Cathay General Bancorp's earnings presentation, Jan 22, 2026
Slide 1: Financial Earnings Results
Financial Earnings Results Fourth Quarter and Full Year 2025 January 22, 2026
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation contains forward-looking statements about Cathay General Bancorp and its subsidiaries (collectively referred to herein as the “Company,” “we,” “us,” or “our”) within the meaning of the applicable provisions of the Private Securities Litigation Reform Act
Slide 3: Financial Highlights 4Q 2025
Financial Highlights 4Q 2025 Quarterly Results Ending Profitability: Return on Assets & Equity Return on Tangible Equity * December 31, 2025 15.00% ROAA ROAE 15.00% 13.00% 12.27% 13.00% 13.03% 14.25% $90.5mn 11.18% 11.00% 10.72% 10.60% 11.00% 11.21% 12.39% 12.33% Net Income 9.84% 9.00% 9.00% 7.00% 7
Slide 4: Summary Highlights: 4Q and Full Year 2025 Results
Summary Highlights: 4Q and Full Year 2025 Results $ in millions, Change Change Full Year Change except per share data 4Q25 4Q25 v. 3Q25 4Q25 v. 4Q24 2025 YoY Earnings Net Income $ 90.5 17% 13% $ 315.1 10% Basic EPS $ 1.34 19% 19% $ 4.55 15% Diluted EPS $ 1.33 18% 19% $ 4.54 15% Total Revenue $ 222.8
Slide 5: Summary Balance Sheets
Summary Balance Sheets $mn, except per share data 12.31.25 9.30.25 QoQ Change Cash equivalents & ST investments $ 1,424 $ 1,308 $ 116 AFS debt securities 1,658 1,643 15 Loans held-for-sale 0 0 - Gross loans, net of fees $ 20,132 $ 20,090 $ 44 Allowance for credit losses (196) (187) (9) Net Loans $ 1
Slide 6: Loan Composition
Loan Composition Total Loan Portfolio ($bn) Average Loan Growth – QoQ Annualized ($bn) Construction $19.7 +9.2% $20.1 $19.3 -0.3% $19.3 +1.6% $19.4 +5.1% 20.0% 2% 20.000000 $0.3 $0.4 $0.3 $0.3 $0.3 $3.1 $3.2 $3.1 10.0% $3.0 $3.0 Residential Mortgage* 15.000000 0.0% 30% $20.2bn Total52%CRE $6.0 $5.9
Slide 7: Loan Yields
Loan Yields Average Loan Yield by Type (in bps) 4Q24 1Q25 2Q25 3Q25 4Q25 8% fixed rate 38% fixed rate 31% fixed rate 26% float rate 92% float rate 1000 950 900 29% float rate 36% hybrid 850 772 40% hybrid 800 728 750 687 692 619 617 611 614 647 605 599 605 605 700 650 572 578 579 577 577 592 593 600
Slide 8: Commercial Real Estate Portfolio
Commercial Real Estate Portfolio CRE Portfolio Breakdown CRE Geographic Distribution NY Residential 18% Total CRE 35% Construction $10.6bn 52% of total loans $10.6bn 2% Total CRE CA Residential Retail 13% 46% TX 6% Mortgage* $20.2bn Total CRE Other IL 3% 30% 8% 52% HK 2% Total Loans Office 7% C&I 16
Slide 9: Commercial Real Estate Portfolio (cont’d)
Commercial Real Estate Portfolio (cont’d) Total CRE LTV Distribution Total CRE LTV and Size by Property Type Total CRE Loan Avg. Total CRE Portfolio Loan Size Weighted ($mn) ($mn) Avg. LTV 40% to 50% Residental $3,579 $1.4 53% 23% Retail $2,545 $2.1 48% Office $1,440 $2.4 48% 50% to 60% Warehouse $1
Slide 10: Selected CRE and Construction Loan Portfolios
Selected CRE and Construction Loan Portfolios Residential CRE Portfolio Retail CRE Portfolio Construction Portfolio % based on $3.6bn loans outstanding % based on $2.5bn loans outstanding % based on $0.3bn loans outstanding 0% 5% 10% 15% 20% 25% 30% 35% 40% 45% 50% 55% 60% 65% 70% 75% 80% 85% 90% 95
Slide 11: CRE Office Portfolio
CRE Office Portfolio Office CRE Portfolio Office CRE Distribution % based on $1.4bn loans outstanding Office CRE Loan Total CRE 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Portfolio Weighted Avg. LTV Property Type ($mn) ($mn) Office Building 30% Office Building $433 49% Office Office Condominium $40
Slide 12: Residential Mortgage Portfolio
Residential Mortgage Portfolio Resi. Mortgage Geographic Distribution Single-Family Resi. LTV Distribution >50% to 55% NY 10% 50% or Under 39% 37% 53% > 55% to 60% $6.1bn LTV Weighted Average 15% Residential Mortgage* $422,096 CA Outstanding Size Average 48% WA 5% Over 60% NJ 2% 38% TX 2% Other 4% *
Slide 13: Asset Quality Metrics
Asset Quality Metrics ALLL Composition ($mn) Reserves and Net Charge-Offs (%) CRE C&I Residential Mortgage Construction Total ALLL ALLL / Gross Loans NCOs/Avg Loans (annualized) Reserve Rate 0.97% 1.00% 0.91% 0.93% $196 0.97%* 0.88% $187 0.90% 0.83% $6 200 $174 8% $174 $7 1.92% $162 $25 0.80% 0.41%
Slide 14: Deposit Mix
Deposit Mix Total Deposits ($bn) Average Deposit Growth – QoQ Annualized ($bn) Time DDA MMA IB Checking & Savings MMA $19.7 $20.2 +9% $20.7 18% 21 $19.9 -5% +5% $20.0 +6% 20% IB Checking & $3.4 $3.5 $3.6 $3.8 $3.4 Savings 16 10% 19% $3.3 $3.4 $3.5 $3.5 $3.7 Time $20.9bn 11 $3.3 $3.3 $3.3 $3.4 $3.5 0
Slide 15: Summary Income Statements
Summary Income Statements $mn, except per share data 12.31.25 9.30.25 $ Change % Change Net Interest Income $ 195.0 $ 189.6 $ 5.4 3% Noninterest income 18.1 17.8 0.4 2% Net (losses) / Gains from equity securities 9.7 3.3 6.4 198% Total Noninterest Income 27.8 21.0 6.8 32% Core noninterest expense 80
Slide 16: Loan Yields, Deposit Costs and Net Interest Income
Loan Yields, Deposit Costs and Net Interest Income Average Loan Yield vs Prime Rate and 1M SOFR Average Cost of Deposits vs Fed Funds Rate Avg. Loan Yield Avg. Prime Rate 1M SOFR Rate Avg. Cost of Total Deposit (in bps) Avg. Cost of IB Deposit (in bps) Avg. Fed Funds Rate 7.80% 500 7.50% 7.50% 7.46%
Slide 17: Non-Interest Income
Non-Interest Income Non-Interest Income* ($mn) other operating income wealth management fees letter of credit commissions deposit account fees $18.1 20 $17.8 $16.8 $16.8 $15.4 $2.0 $1.9 $1.7 $1.9 15 $1.7 $2.3 $2.3 $2.0 $2.1 $2.1 $5.0 $6.2 $6.4 10 $6.2 $6.2 5 $6.9 $7.8 $7.3 $7.5 $5.4 - 4Q24 1Q25 2Q25
Slide 18: Operating Expense & Efficiency
Operating Expense & Efficiency Core Noninterest Expense* ($mn) Core Noninterest Expense* & Efficiency Ratio* ($mn) $80.7 Noninterest Expense* Efficiency Ratio* 85 $78.1 $76.8 $74.9 $76.1 $5.7 $78.1 $80.7 75 $7.2 $2.0 $74.9 $76.1 $76.8 50.00% $6.6 $7.3 80 $6.5 $3.4 $3.2 $2.8 $8.0 $2.2 70 45.00% 65 40
Slide 19: Strong Capital Ratios
Strong Capital Ratios Key Capital Ratios (%) Highlights • Capital Ratio well above regulatory 14.93% 16.00% standards that continues to place Cathay in 14.00% 13.27% 13.27% the “well capitalized” category, calculated under the Basel III capital rules. 10.91% 12.00% 10.50% • Book Value Per Common Sha
Slide 20: Management Guidance Full Year 2026
Management Guidance Full Year 2026 Full Year Full Year 2026 Guidance 2025 Actual Loans, • Estimated growth rate 3.5% to 4.5%. $20.2 billion end of period +4.0% YoY Deposits • Estimated growth rate 4% to 5%. $20.9 billion +6.1% YoY Core • Estimated growth rate 3.5% to 4.5%. $311.7 million Noninterest
Slide 21: Appendix
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Slide 22: Appendix: GAAP to Non-GAAP Reconciliation
Appendix: GAAP to Non-GAAP Reconciliation Selected Consolidation Financial Information ($ in thousands) (unaudited) We use certain non-GAAP financial measures to provide supplemental information regarding our performance. Tangible equity and tangible equity to tangible assets ratio are non-GAAP fina
Slide 23: Cathay General Bancorp
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