Cathay General net income rises 25.04% to $86.9 million in Q1 FY26

• Cathay General Bancorp posted first-quarter net income of USD 86.9 million, up 25.04% year over year, with diluted EPS rising to USD 1.29 from USD 0.98.
• Net interest income before provision for credit losses climbed 10% to USD 194.2 million, while net interest margin widened 18 basis points to 3.43%.
• Provision for credit losses increased 17.42% to USD 18.2 million, lifting allowance for loan losses to USD 208.9 million, or 1.03% of total loans.
• Non-interest income more than doubled to USD 20.7 million on an equity securities gain of USD 17.3 million, partly offset by a USD 15.7 million impairment loss tied to a planned sale of certain available-for-sale securities.
• Total deposits fell 1% to USD 20.68 billion, while loans held for investment edged up 0.1% to USD 20.17 billion.

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