Cathay General Bancorp · NASDAQ:CATY
Cathay General Bancorp — Q3 2020 Earnings Presentation
17 slides from Cathay General Bancorp's earnings presentation, Oct 26, 2020
Slide 1: Financial Earnings Results. Third Quarter 2020
Financial Earnings Results. Third Quarter 2020 October 26, 2020 Exhibit 99.2
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 3Q 2020
Financial Highlights 3Q 2020 As of September 30, 2020 Net Income $56.8 million Diluted EPS $0.71 Total Revenue $147.5 million Total Loans $15.6 billion Total Deposits $16.0 billion Efficiency Ratio 51.53%
Slide 4: Summary Balance Sheet
Summary Balance Sheet Note: Information as of 9.30.20 and 9.30.19 are unaudited. $ in millions, except per share data 9.30.20 12.31.19 Change 9.30.19 YoY Change Cash equivalents & ST investments $1,434 $594 1.4141414141414141 $825 0.73818181818181816 AFS debt securities 1081 1452 -0.2555096418732782
Slide 5: 3Q 2020 Loan Composition
3Q 2020 Loan Composition Total Loan Portfolio $15.6 billion as of 9.30.20 * Residential Mortgage includes equity lines, installment and other loans. Total CRE $7.5 billion Residential Mortgage $4.6 billion C & I Loans $2.6 billion Paycheck Protection Program $266 million Construction loans $0.6 bill
Slide 6: 3Q 2020: Commercial Real Estate Portfolio
3Q 2020: Commercial Real Estate Portfolio Total CRE $7.5 billion 48% of total loans * Residential Mortgage includes equity lines, installment and other loans.
Slide 7: LTV & Size by Property Type
LTV & Size by Property Type 3Q 2020: Commercial Real Estate Portfolio $ in millions Total CRE Loan Portfolio Total CREWeighted Avg. LTV COVID CRE Loan Modification COVID Weighted Avg. LTV Residental $2,100 0.53 $46.43 0.5457874902150367 Retail $1,753 0.50427213797515213 $161.006 0.5205082912885205 O
Slide 8: Selected CRE and Construction Loan Portfolios
Selected CRE and Construction Loan Portfolios weighted avg. LTV 53% COVID weighted avg. LTV 55% weighted avg. LTV 50% COVID weighted avg. LTV 50% weighted avg. LTV 52%
Slide 9: Geographic Distribution of Residential Mortgage
Geographic Distribution of Residential Mortgage 3Q 2020: Residential Mortgage Portfolio * Residential Mortgage includes equity lines, installment and other loans. ($ in millions) 7.31.20 8.31.20 9.30.20 Portfolio under Mortgage Assistance Program (MAP) Loans under MAP $366.5 $333.4 $180.6 % of Total
Slide 10: Allowance for Loan and Lease Losses (ALLL)
Allowance for Loan and Lease Losses (ALLL)
Slide 11: Asset Quality Metrics
Asset Quality Metrics Allowance coverage of loans HFI: 1.15% as of 9/30/20, compared to 1.09% as of 6/30/20. Nonaccrual loans/loans HFI: 0.5% as of 9/30/20 vs. 0.27% as of 12/31/19 vs. 0.32% as of 9/30/19. Classified Loans are loans classified as substandard and doubtful. Non-Performing Assets (NPA)
Slide 12: Deposit Mix
Deposit Mix Total Deposit $16.0 billion as of 9.30.20
Slide 13: Summary Income Statement
Summary Income Statement Note: Information as of 9.30.20 and 6.30.20 are unaudited. $ in millions, except per share data 9.30.20 6.30.20 $ Change % Change Net Interest Income $137.5 $134.5 $3 2.2% -2.0967651902090486E-2 Fee income 11.6 9.8000000000000007 1.7999999999999989 0.18367346938775497 0.3573
Slide 14: Net Interest Income & Non-interest Income
Net Interest Income & Non-interest Income $ in millions Non-Interest Income* * Non-interest income excludes net gains/(losses) from equity securities. Amortization Expense ($ in millions) 3Q2019 4Q2019 1Q2020 2Q2020 3Q2020 Non-interest income, before net gains/(losses) from equity securities Non-int
Slide 15: Operating Expense & Efficiency
Operating Expense & Efficiency Amortization Expense ($ in millions) 3Q2019 4Q2019 1Q2020 2Q2020 3Q2020 Core noninterest expense, before amortization and other real estate owned Core noninterest expense* $58.220999999999997 $57.920999999999999 $55.195999999999998 $53.7 $59.2 Amortization in investmen
Slide 16: Strong Capital Ratios
Strong Capital Ratios Capital Ratio well above regulatory standards that continues to place Cathay in the “well capitalized” category, calculated under the Basel III capital rules. Book Value Per Common Share is $29.81 as of 9.30.20: +3.6% compared to 12.31.19 and +5.8% YoY. Capital Return on Shareh
Slide 17: Cathay General Bancorp
Cathay General Bancorp
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