Filing Flows › Cathay General Bancorp (CATY) › Q1 2025
Cathay General Bancorp (CATY) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 9, 2025
Cathay General Bancorp (CATY) reported revenue of $188M for the first quarter 2025 (Q1 2025), +7% from a year earlier and +0.7% from the quarter before. Operating margin was 46.1%, net earnings $69.5M (37.0% of revenue).
Cathay General Bancorp, Q1 2025: revenue $188M (+7% year over year), operating margin 46.1%, net earnings $69.5M, operating cash flow $99.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $188M | +0.7% | +7% |
| Operating profit | $86.7M | -0.1% | +8% |
| Net earnings | $69.5M | -13% | -3% |
| Operating cash flow | $99.0M | +14% | +12% |
| Free cash flow | $96.3M | +12% | +10% |
What changed
Revenue was $187.8M in Q1 2025, up 7% year over year and up 1% from the previous quarter.
Operating profit was $86.7M, a 46.1% margin (up 0.5 points year over year). Of the extra revenue versus a year earlier, 52% reached operating profit, above the 46% margin then. Total costs grew 6% against revenue growth of 7%. The fastest-growing cost line was Credit loss provision (+1112%). Net earnings were $69.5M, down 3% year over year. The effective tax rate was 19.8%.
Operating cash flow was $99.0M (up 12% year over year), 142% of net earnings. Non-cash charges added back $1.8M of depreciation and amortization and $1.5M of share-based compensation. Working capital and other items added $26.1M. Capital expenditures of $2.7M left free cash flow of $96.3M.
Questions
What was Cathay General Bancorp's revenue in the first quarter 2025?
Cathay General Bancorp (CATY) reported revenue of $188M for the first quarter 2025 (Q1 2025), +7% from a year earlier and +0.7% from the quarter before.
Was Cathay General Bancorp profitable in the first quarter 2025?
Operating profit was $86.7M (46.1% of revenue) and net earnings $69.5M.