Cathay General Bancorp CATY Income Statement

Cathay general bancorp (CATY)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
INTEREST AND DIVIDEND INCOME
Loans receivable, including loan fees
729,212	729,619	722,747	703,099	679,467	652,480	626,290	604,494	575,671	549,291	525,699	497,816	483,802	473,782	461,795	453,238	442,411	427,621	415,141	405,349	397,808	390,440	382,739	373,426	363,851	359,959	358,714	357,900	358,782	360,643	361,126	363,692	364,723	364,580	368,195	370,688	0	0	0
Investment securities
33,357	33,037	31,845	30,704	29,435	28,603	26,926	25,072	22,583	20,531	19,269	18,427	18,973	21,426	23,235	24,527	24,608	21,523	20,110	19,073	20,435	24,237	27,815	33,578	39,202	43,412	47,335	51,624	56,458	62,395	67,855	73,002	78,952	83,083	90,023	98,470	0	0	0
Investment securities- nontaxable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	995	2,029	3,065	4,076	4,161	4,180	4,198	4,214	4,218	3,184	2,229	0	0	0
Federal Home Loan Bank stock
1,208	1,207	1,487	1,489	1,571	1,663	1,560	1,864	1,782	1,798	2,294	2,080	2,164	2,099	1,504	1,635	2,930	3,164	3,377	3,361	2,105	1,974	1,818	1,759	1,680	1,480	1,336	944	669	485	233	214	196	177	211	219	0	0	0
Federal funds sold and securities purchased under agreement to resell
-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	18	20	51	47	83	0	0	0	-	-
Deposits with banks
4,465	5,404	5,831	5,653	5,543	5,209	4,948	5,398	4,901	4,421	3,809	2,933	2,590	1,763	1,387	1,233	1,168	1,398	1,602	1,915	2,026	1,996	1,853	1,589	1,391	1,150	1,242	1,406	1,662	2,042	2,125	2,014	1,797	1,430	1,307	1,255	0	0	0
Total interest and dividend income
768,242	769,267	761,910	740,945	716,016	687,955	659,726	636,938	605,047	576,151	551,179	521,256	507,529	499,070	487,921	480,633	471,117	453,706	440,230	429,698	422,374	418,647	414,225	410,352	406,152	406,996	410,656	414,941	421,660	429,744	435,539	443,171	449,929	453,571	463,001	472,909	0	0	0
Interest Expense
Time deposits
153,823	152,791	143,767	125,524	104,763	86,368	69,932	59,475	51,514	46,768	44,579	43,602	43,452	43,327	45,318	45,024	43,527	39,443	36,995	35,705	35,220	35,111	35,916	33,686	31,871	31,964	27,755	28,838	30,658	33,441	36,241	38,767	41,019	42,204	44,869	48,654	0	0	0
Other deposits
27,925	25,311	23,202	22,050	21,294	20,503	19,723	19,350	19,216	19,076	18,556	17,667	16,900	16,094	13,199	12,204	11,292	12,445	12,124	11,902	11,423	10,658	8,744	9,234	9,687	8,425	12,131	11,907	12,782	13,932	15,184	16,700	18,206	20,010	22,474	25,682	0	0	0
Interest on securities sold under agreements to repurchase
-	-	0	0	-	1,446	2,207	2,957	3,414	4,250	7,122	10,076	12,945	15,329	15,673	15,822	15,822	15,813	16,790	18,671	21,680	24,685	27,645	30,189	33,230	37,692	42,490	47,822	52,436	55,699	57,817	58,923	59,217	60,733	62,570	64,220	0	0	0
Advances from Federal Home Loan Bank
6,403	7,441	6,429	6,198	5,358	3,739	4,533	3,975	3,395	2,712	1,682	944	841	659	555	585	500	487	470	459	839	945	1,002	999	647	528	449	373	297	270	1,637	3,664	7,237	12,033	20,682	28,562	0	0	0
Long-term debt
7,155	7,847	8,345	8,617	8,773	8,723	7,920	7,156	6,433	5,775	5,775	5,775	5,775	5,791	5,792	5,792	5,792	5,776	5,775	5,775	5,163	4,467	3,925	3,399	3,495	3,691	4,032	4,393	4,753	5,149	5,155	5,072	5,004	4,890	4,676	4,411	0	0	0
Deferred payments from acquisition
409	568	646	952	1,031	1,090	1,906	2,408	2,137	1,861	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Short-term borrowings
626	403	198	73	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	10	11	16	0	0	0	-
Total interest expense
196,341	194,361	182,774	163,725	142,144	122,056	106,221	95,321	86,109	80,442	78,615	78,064	79,913	81,200	80,537	79,427	76,933	73,964	72,153	72,512	74,325	75,866	77,233	77,507	78,930	82,300	86,857	93,333	100,926	108,491	116,034	123,130	130,693	139,881	155,287	171,541	0	0	0
Net interest income before provision for credit losses
571,901	574,906	579,136	577,220	573,872	565,899	553,505	541,617	518,938	495,709	472,564	443,192	427,616	417,870	407,384	401,206	394,184	379,742	368,077	357,186	348,049	342,781	336,992	332,845	327,222	324,696	323,799	321,608	320,734	321,253	319,505	320,041	319,236	313,690	307,714	301,368	0	0	0
Provision for credit losses
18,000	-7,000	-2,000	-1,500	-1,500	-4,500	-4,500	-3,000	-3,000	-2,500	-2,500	-2,500	-7,650	-15,650	-18,650	-19,900	-16,900	-11,400	-13,500	-15,950	0	-	0	0	-	-	0	-	-	-9,000	-7,000	2,000	17,000	27,000	42,900	78,900	0	0	0
Net interest income after provision for credit losses
553,901	581,906	581,136	578,720	575,372	570,399	558,005	544,617	521,938	498,209	475,064	445,692	435,266	433,520	426,034	421,106	411,084	391,142	378,477	371,436	363,849	353,581	345,792	339,545	330,222	327,696	326,799	321,608	325,734	330,253	326,505	318,041	302,236	286,690	264,814	222,468	0	0	0
Non-Interest Income
Net (losses)/gains from equity securities
-4,529	5,736	9,557	9,584	5,223	-2,787	-4,580	-4,971	-3,847	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Securities losses, net
217	211	-122	-1	0	-	0	0	-	1,006	2,244	3,912	5,570	4,898	3,161	1,453	-3,534	-3,349	-3,448	-3,071	767	6,748	7,032	15,359	27,030	27,362	31,942	31,906	22,103	18,026	14,129	14,310	17,114	21,131	20,727	17,083	0	0	0
Letters of credit commissions
6,493	6,407	6,237	6,094	5,893	5,614	5,352	5,195	5,012	4,860	4,859	4,769	4,781	4,939	5,129	5,372	5,558	5,545	5,610	5,714	5,843	6,043	6,220	6,359	6,288	6,281	6,051	6,081	6,251	6,316	6,404	6,116	5,892	5,644	5,366	4,994	0	0	0
Depository service fees
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depository service fees
-	-	29,961	29,306	-	27,985	27,301	26,872	25,856	25,649	40,538	35,437	30,823	25,486	5,454	5,462	5,370	5,348	5,292	5,213	5,226	5,288	5,370	5,411	5,590	5,701	5,669	5,640	5,538	5,453	5,433	5,432	5,448	5,420	5,378	5,273	0	0	0
Gain from acquisition.
-	-	0	0	-	340	528	5,968	5,968	5,628	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other operating income
30,629	27,634	26,380	23,736	23,286	23,434	23,377	23,385	20,723	19,179	16,547	16,265	17,465	18,055	21,015	22,817	24,272	25,130	23,843	23,259	22,681	22,448	22,277	21,516	21,077	20,963	20,502	19,439	18,665	16,712	17,325	18,638	18,643	18,697	14,321	9,027	0	0	0
Total non-interest income
37,616	44,751	46,898	44,345	39,318	31,707	31,378	36,504	34,889	36,297	33,792	29,642	32,547	33,370	34,759	35,104	31,666	32,674	31,297	31,115	34,517	40,527	40,899	48,645	59,985	60,307	64,164	63,066	52,557	46,507	43,291	44,496	47,097	50,892	45,792	36,377	0	0	0
Non-Interest Expense
Salaries and employee benefits
128,107	129,300	130,186	128,785	126,232	124,477	121,020	118,419	113,964	109,458	105,964	100,932	96,288	97,348	93,469	91,313	94,275	89,960	88,225	90,130	89,058	89,893	90,556	90,677	88,874	88,276	87,143	82,843	81,352	78,377	76,864	75,894	73,456	71,849	67,847	65,149	0	0	0
Occupancy expense
21,632	22,004	21,499	21,106	20,787	20,690	21,504	21,630	21,182	20,429	19,461	18,883	18,645	18,315	18,186	17,864	17,366	17,018	16,462	15,984	15,894	15,735	15,572	15,450	15,064	14,846	14,648	14,689	14,668	14,608	14,442	14,303	14,271	14,225	13,510	13,589	0	0	0
Computer and equipment expense
10,827	11,113	11,378	11,409	11,187	11,402	11,428	11,299	11,216	10,846	10,312	10,006	9,921	9,777	8,501	10,057	9,906	9,828	11,173	9,751	9,993	9,793	9,587	9,562	9,394	9,768	9,885	9,779	9,804	9,591	9,265	9,064	8,788	8,508	8,448	8,417	0	0	0
Professional services expense
22,995	23,107	22,964	22,298	22,028	22,810	22,953	22,609	22,222	20,439	19,246	19,303	18,574	18,686	19,793	18,586	18,314	17,316	11,021	13,220	14,141	15,927	22,500	22,322	23,913	24,574	25,028	24,488	22,843	21,768	21,899	21,472	21,222	20,209	17,994	18,148	0	0	0
Data processing service expense
13,466	13,210	12,725	12,559	12,629	12,438	12,794	12,632	11,877	11,190	10,247	9,608	9,239	8,957	8,432	8,048	7,966	7,698	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
FDIC and regulatory assessments
9,556	9,617	8,458	8,431	8,441	8,000	10,104	10,101	10,148	10,633	9,333	9,069	9,643	9,712	9,820	9,935	9,416	9,087	9,011	8,869	8,902	8,796	8,612	8,063	7,767	7,351	7,216	7,598	7,588	8,339	9,184	9,732	10,666	12,494	14,463	17,605	0	0	0
Marketing expense
7,330	7,585	7,872	6,699	9,120	7,837	6,888	7,728	6,187	6,200	6,611	6,024	5,167	5,092	4,663	4,583	4,902	4,926	4,981	4,184	4,382	4,126	3,422	3,880	3,530	3,403	3,902	3,324	3,638	4,607	4,163	4,552	3,886	3,175	3,169	3,082	0	0	0
Other real estate owned (income)/expense
-3,269	1,115	356	145	-227	-719	-2,632	-2,242	-1,922	-1,649	991	446	622	856	865	1,291	-988	-800	-1,728	-2,989	-1,580	-1,304	-1,750	-212	-99	-235	2,454	3,721	11,046	15,116	15,528	19,854	15,055	10,583	9,056	4,534	0	0	0
Amortization of investments in low income housing and alternative energy partnerships
42,811	39,731	45,435	49,553	45,564	40,515	32,404	27,012	28,123	27,212	21,435	21,144	42,320	40,264	45,684	55,679	33,746	33,335	25,141	11,386	6,937	6,990	7,427	6,989	7,994	7,253	6,871	6,113	6,041	6,306	6,485	8,111	8,137	8,153	7,221	7,231	0	0	0
Amortization of core deposit intangibles
687	687	687	705	814	876	1,008	1,099	992	930	798	689	689	689	691	688	662	667	702	747	724	719	946	2,095	3,309	4,533	5,495	5,536	5,602	5,663	5,722	5,779	5,835	5,859	5,886	5,910	0	0	0
Acquisition and integration costs
-	-	0	0	-	2,105	2,927	6,025	4,290	4,121	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost associated with debt redemption
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,348	3,348	9,682	20,288	22,557	28,477	25,066	15,015	12,120	7,904	8,994	14,170	20,231	0	0	0	-	-
Other operating expense
17,330	19,819	18,910	18,985	15,907	13,988	16,032	15,402	17,005	16,390	15,620	16,680	13,897	14,994	14,616	13,410	14,595	13,685	12,795	13,005	13,264	13,583	13,287	13,062	12,739	11,507	11,927	17,063	16,249	16,094	15,591	9,831	10,168	10,280	10,336	10,741	0	0	0
Total non-interest expense
271,472	277,288	280,492	280,876	274,418	264,419	256,430	251,714	245,284	236,199	223,295	212,784	225,005	224,690	224,720	231,454	210,160	202,720	190,312	175,448	170,376	174,313	173,507	181,570	192,773	193,833	203,046	200,220	193,846	192,589	187,047	187,586	185,654	185,566	176,457	168,393	0	0	0
Income before income tax expense
320,045	349,369	347,542	342,189	340,272	337,687	332,953	329,407	311,543	298,307	285,561	262,550	242,808	242,200	236,073	224,756	232,590	221,096	219,462	227,103	227,990	219,795	213,184	206,620	197,434	194,170	187,917	184,454	184,445	184,171	182,749	174,951	163,679	152,016	134,149	90,452	0	0	0
Income tax expense
60,737	70,234	71,136	68,861	65,524	65,802	99,776	116,241	120,626	122,265	87,444	68,089	64,931	67,101	67,543	63,833	61,298	59,987	64,221	74,436	85,439	81,965	78,890	75,606	71,438	70,435	67,765	66,422	66,468	66,128	65,311	61,787	56,074	51,261	43,825	24,290	0	0	0
Net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	134,294	131,014	125,996	123,735	120,152	118,032	117,977	118,043	117,438	113,164	107,605	100,755	90,324	66,162	0	0	0
Less: net income attributable to noncontrolling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	592	605	605	605	605	605	605	605	605	603	602	0	0	0
Net income
259,356	279,135	276,406	273,328	274,748	271,885	233,177	213,166	190,917	176,042	198,117	194,461	177,877	175,099	168,530	160,923	171,292	161,109	0	0	0	-	-	-	-	123,143	119,547	117,427	117,372	117,438	116,833	112,559	107,000	100,150	89,721	65,560	0	0	0
Other Comprehensive Income, net of tax
Dividends on preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,685	13,812	15,501	17,555	16,488	16,475	16,463	16,449	16,437	16,421	16,406	0	0	0
Net income attributable to common stockholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	113,458	105,735	101,926	99,817	100,950	100,358	96,096	90,551	83,713	73,300	49,154	0	0	0
Unrealized holding gains/(losses) on securities available-for-sale
26,682	23,628	30,076	26,305	12,379	-7,934	-19,073	-15,475	-9,950	1,068	-5,685	-5,807	-4,125	6,725	8,711	10,506	-345	-4,200	8,291	5,728	25,873	30,468	16,586	15,342	-29,900	-14,335	-4,616	7,108	40,825	19,645	16,621	1,218	10,967	4,538	6,561	31,379	0	0	0
Unrealized holding (losses)/gains on cash flow hedge derivatives
-6,225	-3,171	-7,189	-4,730	-1,892	1,525	5,408	3,899	2,613	719	4,329	4,976	4,244	825	-2,378	-5,740	-2,130	-598	-1,718	577	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less: reclassification adjustment for gains included in net income
-	-	0	-	-	-	0	-	-	583	764	1,731	2,688	2,839	1,833	842	-2,048	-1,941	-1,999	-1,780	444	3,911	4,075	8,902	15,667	15,859	20,756	17,096	0	-	0	0	-	-	-	-	-	-	-
Less: reclassification adjustments included in net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	0	-	-10,944	-8,832	0	0	0
Total other comprehensive gain, net of tax
20,325	20,300	22,947	21,560	10,472	-6,424	-14,492	-12,427	-8,190	1,204	-2,120	-2,562	-2,569	4,711	4,500	3,924	-427	-2,857	6,238	6,114	21,444	24,160	12,348	6,177	-45,567	-30,194	-23,130	-11,385	28,014	9,197	7,439	-8,069	55	-7,710	-4,383	22,547	0	0	0
Total other comprehensive income
279,616	299,443	299,353	294,888	285,220	265,461	218,685	200,739	182,727	177,246	195,997	191,899	175,308	179,810	173,030	164,847	170,865	158,252	161,479	158,781	163,995	161,990	146,502	136,900	79,988	92,949	96,417	106,042	145,386	126,635	124,272	104,490	107,055	92,440	85,338	88,107	0	0	0
Net Income Per Common Share:
Basic (in dollars per share)
0.59	0.85	0.91	0.90	0.83	0.79	0.86	0.91	0.79	0.32	0.62	0.64	0.61	0.61	0.58	0.44	0.58	0.51	0.47	0.57	0.45	0.45	0.45	0.44	0.39	0.41	0.38	0.35	0.30	0.30	0.33	0.33	0.32	0.29	0.28	0.26	0.23	0.17	-0.03
Diluted (in dollars per share)
0.59	0.84	0.91	0.90	0.83	0.80	0.85	0.90	0.78	0.31	0.61	0.64	0.61	0.60	0.58	0.44	0.57	0.50	0.47	0.56	0.45	0.44	0.45	0.44	0.39	0.40	0.38	0.35	0.30	0.30	0.33	0.33	0.32	0.29	0.28	0.26	0.23	0.17	-0.03
Cash dividends per share (in dollars per share)
0.31	-	0.31	0.31	0.31	-	0.24	0.24	0.24	-	0.21	0.21	0.21	-	0.18	0.18	0.18	-	0.14	0.14	0.10	-	0.07	0.07	0.05	-	0.01	0.01	0.01	-	0.01	0.01	0.01	-	0.01	0.01	0.01	0.01	0.01
Average Common Shares Outstanding:
Basic (in shares)
79,588	79,700	79,736	80,106	80,455	80,853	81,311	81,236	81,123	80,841	80,665	79,840	79,703	79,168	78,865	78,846	79,734	81,004	81,475	79,939	79,835	79,729	79,677	79,642	79,595	79,260	78,894	78,869	78,795	78,758	78,729	78,710	78,678	78,648	78,640	78,635	78,609	78,520	78,513
Diluted (in shares)
79,830	79,991	79,993	80,302	80,703	81,118	81,855	81,774	81,680	81,637	81,404	80,562	80,413	80,006	79,697	79,619	80,393	81,885	82,285	80,698	80,309	80,165	80,176	80,046	80,039	79,722	79,114	78,899	78,815	78,759	78,731	78,712	78,690	78,648	78,641	78,637	78,635	78,520	78,513
Deposit Account [Member]
Depository service fees
-	-	4,796	4,896	-	5,084	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-