Cathay General Bancorp · NASDAQ:CATY
Cathay General Bancorp — Q1 2026 Earnings Presentation
24 slides from Cathay General Bancorp's earnings presentation, Apr 22, 2026
Slide 1: Financial Earnings Results First Quarter 2026
Financial Earnings Results First Quarter 2026 April 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 Performance 1Q 2026
Financial Performance 1Q 2026 Quarterly Highlights Net Income Net Income ($mn) Diluted EPS Earnings and Profitability $2.50 ▪ Net income of $86.9 million and EPS of $1.29 $90.5 10000.00% $86.9 $77.7 $2.00 ▪ ROAA of 1.47%; ROATCE* of 13.64% 8000.00% $77.4 $69.5 ▪ Efficiency ratio of 40.4% down 1% LQ
Slide 4: Summary Balance Sheets
Summary Balance Sheets (Unaudited) % Change % Change $mn, except per share data 3.31.26 12.31.25 QoQ 3.31.25 YoY Highlights Cash equivalents & ST investments $ 1,205 $ 1,424 (15)% $ 1,385 (13)% ▪ Cash equivalents and AFS debt securities 1,678 1,658 1% 1,434 17% short-term investments down 15% QoQ, d
Slide 5: Loan and Deposit Composition
Loan and Deposit Composition Total Loan Portfolio ($bn) Average Loan Growth – QoQ Annualized % ($bn) Highlights as of 3.31.26 Total CRE Residential Mortgage* C&I Construction ▪ Average Loans of $20.2 billion up 1% Construction QoQ 1% $19.4 $19.7 +9% $20.1 +1% $20.2 20.0% $19.3 +2% +5% 20.000000 $0.3
Slide 6: Cash and AFS Securities
Cash and AFS Securities Net Unrealized Loss on AFS Securities Total Securities Portfolio and Cash ($mn) in AOCI ($mn) Highlights as of 3.31.26 1Q25 2Q25 3Q25 4Q25 1Q26 0.000000 ▪ Stable cash and securities portfolio supporting ample liquidly profile. Together with our off- 19.00% 18.90% 18.80% 18.70
Slide 7: Summary Income Statements
Summary Income Statements (Unaudited) % Change % Change $mn, except per share data 3.31.26 12.31.25 QoQ 3.31.25 YoY Highlights Net interest income before provision for credit losses $ 194.2 $ 195.0 (0)% $ 176.6 10% ▪ Net income of $86.9 million decreased 4% QoQ, due to lower Provision for credit los
Slide 8: Yield and Funding Costs
Yield and Funding Costs Net Interest Income and Net Interest Margin Average Loan Yield vs Prime Rate and 1M SOFR Highlights NII ($mn) NIM Avg. Fed Funds Rate Avg. Loan Yield Avg. Prime Rate Avg. 1M SOFR Rate ▪ Net interest income was down $0.8 200 million QoQ largely due to day count $195 $194 7.50%
Slide 9: Adjusted Non-Interest Income
Adjusted Non-Interest Income* Non-Interest Income ($mn) Highlights ▪ Non-interest income decreased 49 $27.8 39 27 $7.1 million QoQ primarily due to $21.0 fair-value increase on equity $20.7 securities, offset by the 22 $18.1 29 $17.8 $16.8 impairment loss on securities $15.4 17.3 $19.1 17 19 reposit
Slide 10: Operating Expense & Efficiency
Operating Expense & Efficiency Noninterest Expense ($mn) Noninterest Expense ($mn) & Efficiency Ratio Highlights 100 100 70.0% $92.2 $92.2 ▪ Noninterest expense decreased $89.1 $88.1 $2.0 $89.1 $88.1 $5.5 million due to lower LIHTC 90 $85.7 $86.7 90 $85.7 $86.7 $3.2 $2.8 $8.0 amortization and reduce
Slide 11: Asset Quality Metrics
Asset Quality Metrics ALLL Composition ($mn) Reserves and Net Charge Offs (%) Highlights CRE C&I Residential Mortgage Construction Total ALLL ALLL / Gross Loans NCOs/Avg Loans (annualized) Reserve Rate ▪ ALLL to gross loans increased to 1.03%, excluding residential $209 1.03%* 1.10% 1.03% $196 0.93%
Slide 12: Strong Capital Ratios
Strong Capital Ratios Key Capital Ratios (%) Highlights ▪ Capital Ratio well above regulatory 16.00% 15.19% standards that continues to place Cathay in the “well capitalized” category 14.00% 13.46% 13.46% ▪ Book Value Per Common Share is 12.00% 11.15% $44.60 as of 3.31.26: up 2.45% compared to 12.31
Slide 13: 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 Adjusted • Estimated growth rate 3.5% to 4.5%. $313.0 million Noninte
Slide 14: Appendix
Appendix is
Slide 15: Loan and Deposit Yields
Loan and Deposit Yields Average Loan Yield by Type (bps) Loan Portfolio By Index Rate 1Q25 2Q25 3Q25 4Q25 1Q26 as of 3.31.26 Other 37% fixed rate 1000 950 7% fixed rate 31% fixed rate 8% 93% float rate 26% float rate 900 29% float rate Prime 37% hybrid 40% hybrid 12% Fixed Rate 850 800 728 29% 750 6
Slide 16: Commercial Real Estate Portfolio
Commercial Real Estate Portfolio CRE Portfolio Breakdown CRE Geographic Distribution Residential 18% CRE NY 35% $10.6bn Construction 53% of total loans 1% $10.6bn CRE Residential Retail 13% CA Mortgage* TX 6% 45% 30% $20.2bn CRE 53% Other 7% IL 3% NV 2% Total Loans HK 2% Office 7% C&I 16% Warehouse
Slide 17: Commercial Real Estate Portfolio (cont'd)
Commercial Real Estate Portfolio (cont’d) CRE LTV Distribution CRE LTV and Size by Property Type CRE Loan Avg. CRE Portfolio Loan Size Weighted ($mn) ($mn) Avg. LTV 40% to 50% Residental $3,552 $1.4 53% 23% Retail $2,576 $2.1 48% Office $1,399 $2.3 48% 50% to 60% Warehouse $1,417 $2.9 46% 30% to 40%
Slide 18: 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 $2.6bn 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 19: 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 $423 49% Office Office Condominium $40
Slide 20: Residential Mortgage Portfolio
Residential Mortgage Portfolio Resi. Mortgage Geographic Distribution Single-Family Resi. LTV Distribution >50% to 55% NY 50% or Under 10% 39% 38% 53% $6.0bn > 55% to 60% LTV Weighted 15% Average Residential Mortgage* $420,000 CA Outstanding Size Average 48% WA 5% Over 60% NJ 2% 37% TX 2% Other 4% *
Slide 21: Use of Non-GAAP Financial Information
Use of Non-GAAP Financial Information Consolidated financial information has been presented in accordance with GAAP as well as on a non-GAAP basis to supplement our consolidated financial results. Our non-GAAP financial measures including tangible book value (“TBV”), tangible assets, tangible common
Slide 22: Appendix: GAAP to Non-GAAP Reconciliation
Appendix: GAAP to Non-GAAP Reconciliation Selected Consolidation Financial Information ($ in thousands) (unaudited) As of March 31, 2026 December 31, 2025 March 31, 2025 (in thousands except per share data) (Unaudited) Stockholders' equity (a) $ 2,986,648 $ 2,925,388 $ 2,865,159 Less: Goodwill (375,
Slide 23: Appendix: GAAP to Non-GAAP Reconciliation
Appendix: GAAP to Non-GAAP Reconciliation Selected Consolidation Financial Information ($ in thousands) (unaudited) Three Months Ended Twelve Months Ended March 31, 2026 December 31, 2025 March 31, 2025 December 31, 2025 (in thousands except per share data) (Unaudited) Net interest income before pro
Slide 24: Cathay General Bancorp
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