NasdaqGS:CATYBanks
Cathay General Bancorp (CATY) Profit Margin Tops Expectations, Reinforcing Positive Valuation Narratives
Cathay General Bancorp (CATY) posted a net profit margin of 42.8%, topping last year's 39.8%, with EPS climbing 5.7% over the past year and outpacing its five-year growth average. Looking ahead, the bank is expected to maintain earnings growth of 6.8% per year and revenue growth of 9.1% per year. However, both are projected to trail broader US market rates. Strong margins and a price-to-earnings ratio below industry peers highlight CATY's operational strength and investor value story this...