Cathay General Bancorp · NASDAQ:CATY
Cathay General Bancorp — Q2 2020 Earnings Presentation
17 slides from Cathay General Bancorp's earnings presentation, Jul 27, 2020
Slide 1: Financial Earnings Results. Second Quarter 2020
Financial Earnings Results. Second Quarter 2020 July 27, 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 2Q 2020
Financial Highlights 2Q 2020 As of June 30, 2020 Net Income $54.3 million Diluted EPS $0.68 Total Revenue $150.1 million Total Loans $15.6 billion Total Deposits $16.3 billion Efficiency Ratio 44.82%
Slide 4: Summary Balance Sheet
Summary Balance Sheet Note: Information as of 6.30.20 and 6.30.19 are unaudited. $ in millions, except per share data 6.30.20 12.31.19 Change 6.30.19 YoY Change Cash equivalents & ST investments $1,574 $594 1.6498316498316499 $558 1.8207885304659499 AFS debt securities 1146 1452 -0.21074380165289255
Slide 5: 2Q 2020 Loan Composition
2Q 2020 Loan Composition Total Loan Portfolio $15.6 billion as of 6.30.20 * Residential Mortgage includes equity lines, installment and other loans. Total CRE $7.4 billion Residential Mortgage $4.6 billion C & I Loans $2.7 billion Paycheck Protection Program $262 million Construction loans $0.6 bill
Slide 6: 2Q 2020: Commercial Real Estate Portfolio
2Q 2020: Commercial Real Estate Portfolio Total CRE $7.4 billion 47% of total loans * Residential Mortgage includes equity lines, installment and other loans.
Slide 7: LTV & Size by Property Type
LTV & Size by Property Type 2Q 2020: Commercial Real Estate Portfolio $ in millions Total CRE Loan Portfolio Total CREWeighted Avg. LTV COVID CRE Loan Modification COVID Weighted Avg. LTV Residental $1,958 0.52761546058984699 $135 0.5457874902150367 Retail $1,746 0.50427213797515213 $511 0.520508291
Slide 8: Selected CRE and Construction Loan Portfolios
Selected CRE and Construction Loan Portfolios weighted avg. LTV 53% COVID weighted avg. LTV 55% weighted avg. LTV 51% COVID weighted avg. LTV 52% weighted avg. LTV 51% ($ in millions) Number of Loans Loan Balance COVID Modification Deferred Principal and Interest 130 $425.5 Interest Only 32 $250.5
Slide 9: Geographic Distribution of Residential Mortgage
Geographic Distribution of Residential Mortgage 2Q 2020: Residential Mortgage Portfolio * Residential Mortgage includes equity lines, installment and other loans. ($ in millions) 4.30.20 5.31.20 6.30.20 Portfolio under Mortgage Assistance Program (MAP) Loans under MAP $278.32107000000002 $511.040680
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: 1.09% as of 6/30/20, compared to 0.95% as of 3/31/20. Nonaccrual loans/loans HFI: 0.36% as of 6/30/20 vs. 0.27% as of 12/31/19 vs. 0.38% as of 6/30/19. Classified Loans are loans classified as substandard and doubtful. Non-Performing Assets (NPA
Slide 12: Deposit Mix
Deposit Mix Total Deposit $16.3 billion as of 6.30.20
Slide 13: Summary Income Statement
Summary Income Statement Note: Information as of 6.30.20 and 3.31.20 are unaudited. $ in millions, except per share data 6.30.20 3.31.20 $ Change % Change Net Interest Income $134.5 $140.30000000000001 $-5.8000000000000114 -4.1% -2.0967651902090486E-2 Fee income 9.8000000000000007 11.9 -2.0999999999
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) 2Q2019 3Q2019 4Q2019 1Q2020 2Q2020 Non-interest income, before net gains/(losses) from equity securities Non-int
Slide 15: Operating Expense & Efficiency
Operating Expense & Efficiency Amortization Expense ($ in millions) 2Q2019 3Q2019 4Q2019 1Q2020 2Q2020 Non-interest expense, before amortization and other real estate Non-interest expense* $59.904000000000003 $58.220999999999997 $57.920999999999999 $55.195999999999998 $53.7 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 $29.42 as of 6.30.20: +2.2% compared to 12.31.19 and +6.8% YoY. Capital Return on Shareh
Slide 17: Cathay General Bancorp
Cathay General Bancorp
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