0.15%
-0.11%
3.40%
17.11%
21.30%
1.93%
29.93%
AI Spotlight on CATY
Company Description
Cathay General Bancorp operates as the holding company for Cathay Bank that offers various commercial banking products and services to individuals, professionals, and small to medium-sized businesses in the United States.The company offers various deposit products, including passbook accounts, checking accounts, money market deposit accounts, certificates of deposit, individual retirement accounts, and public funds deposits.It also provides loan products, such as commercial mortgage loans, commercial loans, small business administration loans, residential mortgage loans, real estate construction loans, and home equity lines of credit, as well as installment loans to individuals for household, and other consumer expenditures.
In addition, the company offers trade financing, letter of credit, wire transfer, forward currency spot and forward contract, traveler's check, safe deposit, night deposit, social security payment deposit, collection, bank-by-mail, drive-up and walk-up window, automatic teller machine, Internet banking, investment, and other customary bank services, as well as securities and insurance products.As of March 1, 2022, it operated 31 branches in Southern California, 16 branches in Northern California, 10 branches in New York, four branches in Washington, two branches in Illinois, and two branches in Texas, as well as one branch each in Maryland, Massachusetts, Nevada, and New Jersey, and Hong Kong; and a representative office each in Beijing, Taipei, and Shanghai.The company was founded in 1962 and is headquartered in Los Angeles, California.
Market Data
| Last Price | 47.49 |
| Change Percentage | 0.15% |
| Open | 47.41 |
| Previous Close | 47.42 |
| Market Cap ( Millions) | 3381 |
| Volume | 277967 |
| Year High | 55.29 |
| Year Low | 33.88 |
| M A 50 | 49.19 |
| M A 200 | 43.0 |
Financial Ratios
| FCF Yield | 9.06% |
| Dividend Yield | 2.86% |
| ROE | 10.35% |
| Debt / Equity | 8.12% |
| Net Debt / EBIDTA | 14.04% |
| Price To Book | 1.2 |
| Price Earnings Ratio | 11.82 |
| Price To FCF | 11.04 |
| Price To sales | 2.75 |
| EV / EBITDA | 10.18 |
News
- Jan -30 - Cathay General Bancorp: Reducing The EPS Estimate, But Maintaining A Hold Rating
- Jan -23 - Cathay General Bancorp (CATY) Q4 2024 Earnings Call Transcript
- Jan -23 - Compared to Estimates, Cathay (CATY) Q4 Earnings: A Look at Key Metrics
- Jan -22 - Cathay General (CATY) Tops Q4 Earnings and Revenue Estimates
- Jan -18 - Cathay General Bancorp Announces Retirement of Chief Risk Officer of Cathay Bank and Appointment of Successor
- Jan -17 - Cathay (CATY) Q4 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
- Jan -09 - Cathay General Bancorp to Announce Fourth Quarter and Full Year 2024 Financial Results
- Nov -15 - Cathay General Bancorp Declares $0.34 Per Share Dividend
- Nov -14 - Cathay General Bancorp: Shares Performed As Expected
- Nov -05 - Cathay General Bancorp: Rate Cuts To Help Earnings Bounce Back Next Year
- Oct -22 - Cathay General Bancorp (CATY) Q3 2024 Earnings Call Transcript
- Oct -21 - Cathay (CATY) Reports Q3 Earnings: What Key Metrics Have to Say
- Oct -21 - Cathay General (CATY) Q3 Earnings Miss Estimates
- Oct -17 - Is a Surprise Coming for Cathay (CATY) This Earnings Season?
- Oct -03 - Cathay General Bancorp to Announce Third Quarter 2024 Financial Results
- Aug -01 - Cathay General: Turnaround Seems Near, Buy On Dips
- Jul -23 - Cathay General Bancorp (CATY) Q2 2024 Earnings Call Transcript
- Jul -22 - Cathay (CATY) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
- Jul -22 - Cathay General (CATY) Q2 Earnings Surpass Estimates
- Jul -15 - Cathay General (CATY) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Banking and Related Activities
Expected Growth : 1.0 %
What the company do ?
Cathay General Bancorp's Banking and Related Activities segment provides commercial banking services, including loans, deposits, and other financial products to individuals and businesses.
Why we expect these perspectives ?
Cathay General Bancorp's 1.0% growth in Banking and Related Activities is driven by increasing demand for mortgage loans, expansion of commercial lending, and growth in deposit accounts. Additionally, strategic acquisitions and cost-saving initiatives have contributed to the growth. The bank's focus on serving the Asian-American community and its strong presence in California have also supported its growth.
Cathay General Bancorp Products
| Product Range | What is it ? |
|---|---|
| Commercial Banking | Provides financial solutions to small and medium-sized businesses, including loans, lines of credit, and cash management services. |
| Consumer Banking | Offers personal banking services, including checking and savings accounts, credit cards, and personal loans. |
| Mortgage Lending | Provides residential and commercial mortgage loans to individuals and businesses. |
| Wealth Management | Offers investment and wealth management services, including financial planning, investment management, and trust services. |
| International Banking | Provides international banking services, including trade finance, foreign exchange, and correspondent banking. |
Cathay General Bancorp's Porter Forces
Threat Of Substitutes
Cathay General Bancorp operates in a highly competitive industry, and customers have various alternatives for their banking needs. However, the company's strong brand recognition and extensive branch network help to mitigate the threat of substitutes.
Bargaining Power Of Customers
Cathay General Bancorp's customers are primarily individuals and small businesses, which have limited bargaining power. The company's diverse customer base and lack of concentration in a single industry also reduce the bargaining power of customers.
Bargaining Power Of Suppliers
Cathay General Bancorp's suppliers are primarily technology and service providers, which have limited bargaining power. The company's scale and diversified supplier base also reduce the bargaining power of suppliers.
Threat Of New Entrants
The banking industry has high barriers to entry, including regulatory hurdles and significant capital requirements. While fintech companies are increasing competition, Cathay General Bancorp's established brand and extensive branch network provide a competitive advantage.
Intensity Of Rivalry
The banking industry is highly competitive, with many established players competing for market share. Cathay General Bancorp faces intense competition from larger banks and fintech companies, which can lead to pricing pressure and reduced market share.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 20.04% |
| Debt Cost | 5.22% |
| Equity Weight | 79.96% |
| Equity Cost | 9.55% |
| WACC | 8.68% |
| Leverage | 25.06% |
Cathay General Bancorp : Quality Control
Cathay General Bancorp passed 4 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| OZK | Bank OZK provides various retail and commercial banking services. It accepts various deposit products, including non-interest-bearing checking, interest bearing transaction, business sweep, savings, money market, individual retirement, and other accounts, … |
| CFG | Citizens Financial Group, Inc. operates as the bank holding company for Citizens Bank, National Association that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, … |
| FBP | First BanCorp. operates as a bank holding company for FirstBank Puerto Rico that provides various financial services for retail, commercial, and institutional clients. The company operates through six segments: Commercial … |
| FULT | Fulton Financial Corporation operates as a financial holding company that provides consumer and commercial banking products and services. It accepts various checking accounts and savings deposit products, certificates of deposit, … |
| BPOP | Popular, Inc., through its subsidiaries, provides various retail, mortgage, and commercial banking products and services in Puerto Rico, the United States, and British Virgin Islands. The company provides savings, NOW, … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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Cathay Bank
A-Score
1-Year Total Return ->
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Bank OZK
A-Score
1-Year Total Return ->
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Fulton Financial
A-Score
1-Year Total Return ->
4
First Bank
A-Score
1-Year Total Return ->
5
Citizens Financial Group
A-Score
1-Year Total Return ->
6
