Cathay General Bancorp · NASDAQ:CATY
Cathay General Bancorp — Q3 2025 Earnings Presentation
22 slides from Cathay General Bancorp's earnings presentation, Oct 21, 2025
Slide 1: Financial Earnings Results Third Quarter 2025
Financial Earnings Results Third Quarter 2025 October 21, 2025
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 2025
Financial Highlights 3Q 2025 Quarterly Results Ending Profitability: Return on Assets & Equity Return on Tangible Equity * September 30, 2025 15.00% ROAA ROAE 15.00% 13.00% 13.00% 13.03% $77.7mn 11.18% 11.00% 10.72% 10.60% 11.00% 11.21% 12.39% 12.33% Net Income 9.50% 9.84% 11.05% 9.00% 9.00% 7.00% 7
Slide 4: Summary Balance Sheets
Summary Balance Sheets $mn, except per share data 9.30.25 6.30.25 QoQ Change Cash equivalents & ST investments $ 1,308 $ 1,247 $ 61 AFS debt securities 1,643 1,648 (5) Loans held-for-sale 0 13 (13) Gross loans, net of fees $ 20,090 $ 19,771 $ 320 Allowance for credit losses (187) (174) (13) Net Loan
Slide 5: Loan Composition
Loan Composition Total Loan Portfolio ($bn) Average Loan Growth – QoQ Annualized ($bn) Construction $19.4 -1.4% $19.3 -0.3% $19.3 +1.6% $19.4 +5.1% $19.7 20.000000 10.0% 2% $0.4 $0.3 $0.3 $0.3 $0.3 $3.1 18.000000 $3.2 $3.0 $3.0 $3.1 0.0% 16.000000 Residential Mortgage* $20.1bn 14.000000 30% $6.0 $6.
Slide 6: Loan Yields
Loan Yields Average Loan Yield by Type (in bps) 3Q24 4Q24 1Q25 2Q25 3Q25 7% fixed rate 1000 93% float rate 38% fixed rate 950 846 31% fixed rate 900 26% float rate 850 772 28% float rate 800 728 750 687 692 635 619 617 611 614 605 594 599 700 650 564 572 578 579 577 592 593 600 550 500 450 400 350 3
Slide 7: Commercial Real Estate Portfolio
Commercial Real Estate Portfolio CRE Portfolio Breakdown CRE Geographic Distribution NY Residential 18% Total CRE 35% Construction $10.5bn 52% of total loans $10.5bn 2% Total CRE TX 5% Residential Retail 13% CA Mortgage* 46% IL 3% Other 30% $20.1bn Total CRE 52% 9% WA 2% Total Loans Office 7% C&I 16
Slide 8: Commercial Real Estate Portfolio (cont'd)
Commercial Real Estate Portfolio (cont’d) Total CRE LTV Distribution Total CRE LTV and Size by Property Type Total CRE Loan Avg. Total CRE Portfolio Loan Size Weighted ($mn) ($mn) Avg. LTV 40% to 50% Residental $3,526 $1.4 53% 23% Retail $2,529 $2.1 48% Office $1,470 $2.3 47% 50% to 60% Warehouse $1
Slide 9: Selected CRE and Construction Loan Portfolios
Selected CRE and Construction Loan Portfolios Residential CRE Portfolio Retail CRE Portfolio Construction Portfolio % based on $3.5bn loans outstanding % based on $2.5bn loans outstanding % based on $0.4bn loans outstanding 0% 5% 10% 15% 20% 25% 30% 35% 40% 45% 50% 55% 60% 65% 70% 75% 80% 85% 90% 95
Slide 10: CRE Office Portfolio
CRE Office Portfolio Office CRE Portfolio Office CRE Distribution % based on $1.5bn loans outstanding Office CRE Loan Total CRE 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Portfolio Weighted Avg. LTV Property Type ($mn) ($mn) Office Building 33% Office Building $487 49% Office Office Condominium $39
Slide 11: Residential Mortgage Portfolio
Residential Mortgage Portfolio Resi. Mortgage Geographic Distribution Single-Family Resi. LTV Distribution >50% to 55% NY 10% 50% or Under 38% 37% 53% > 55% to 60% $6.0bn LTV Weighted Average 15% Residential Mortgage* $422,663 CA Outstanding Size 49% Average WA 5% Over 60% NJ 2% 38% TX 2% Other 4% *
Slide 12: Asset Quality Metrics
Asset Quality Metrics ALLL Composition ($mn) Reserves and Net Charge-Offs (%) CRE C&I Residential Mortgage Construction Total ALLL ALLL / Gross Loans NCOs/Avg Loans (annualized) Reserve Rate 1.00% 0.91% 0.93% 0.85% 0.88% $187 0.93%* 0.90% 0.83% 200 $174 $174 8% $7 1.83% 0.80% 180 $164 $162 $5 $9 $23
Slide 13: Deposit Mix
Deposit Mix Total Deposits ($bn) Average Deposit Growth – QoQ Annualized ($bn) Time DDA MMA IB Checking & Savings MMA 18% $19.9 $20.0 +6% $20.2 21 $19.9 +1% -5% $19.7 +5% 20% IB Checking & $3.3 $3.4 $3.4 $3.5 $3.6 Savings 16 10% 18% $3.1 $3.3 $3.4 $3.5 $3.5 Time $20.5bn $3.2 $3.3 $3.3 $3.3 $3.4 0% 4
Slide 14: Summary Income Statements
Summary Income Statements $mn, except per share data 9.30.25 6.30.25 $ Change % Change Net Interest Income $ 189.6 $ 181.2 $ 8.4 5% Noninterest income 17.8 16.8 1.0 6% Net (losses) / Gains from equity securities 3.3 (1.4) 4.7 335% Total Noninterest Income 21.0 15.4 5.6 37% Core noninterest expense 7
Slide 15: 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 8.44% 5.26% 7.80% 500 7.50%
Slide 16: Non-Interest Income
Non-Interest Income Non-Interest Income* ($mn) other operating income wealth management fees letter of credit commissions deposit account fees 20 $17.8 $16.1 $16.8 $16.8 $15.4 $2.0 $1.6 $1.7 $1.9 $1.7 $2.3 15 $2.1 $2.0 $2.1 $2.1 10 $6.2 $5.0 $6.2 $6.5 $6.2 5 $6.9 $7.8 $7.3 $5.9 $5.4 - 3Q24 4Q24 1Q25
Slide 17: Operating Expense & Efficiency
Operating Expense & Efficiency Core Noninterest Expense* ($mn) Core Noninterest Expense* & Efficiency Ratio* ($mn) Noninterest Expense* Efficiency Ratio* 85 $78.1 $76.8 $74.9 $76.1 $72.0 $76.1 $78.1 $76.8 75 $7.2 $7.3 $72.0 $74.9 50.00% $6.6 80 $6.5 $5.8 $3.4 $3.2 $2.8 $2.2 70 45.00% 65 $3.2 40.1% 4
Slide 18: Strong Capital Ratios
Strong Capital Ratios Key Capital Ratios (%) Highlights 16.00% • Capital Ratio well above regulatory 14.76% standards that continues to place Cathay in 14.00% 13.15% 13.15% the “well capitalized” category, calculated under the Basel III capital rules. 10.88% 12.00% 10.50% • Book Value Per Common Sha
Slide 19: Management Guidance Full Year 2025
Management Guidance Full Year 2025 Full Year Prior Full Year 2025 Guidance Outlook 2024 Actual Loans, • Estimated growth rate 3.5% to 5%. • Estimated growth rate 3% to 4%. $19.4 billion end of period (0.9)% YoY Deposits • Estimated growth rate 3.5% to 5%. • Estimated growth rate 3% to 4%. $19.7 bill
Slide 20: Appendix
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Slide 21: Appendix: GAAP to Non-GAAP Reconciliation
Appendix: GAAP to Non-GAAP Reconciliation Selected Consolidation Financial Information ($ 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 22: Cathay General Bancorp
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