Filing Flows › Cathay General Bancorp (CATY) › Q1 2026
Cathay General Bancorp (CATY) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 8, 2026
Cathay General Bancorp (CATY) reported revenue of $215M for the first quarter 2026 (Q1 2026), +14% from a year earlier and -4% from the quarter before. Operating margin was 51.2%, net earnings $86.9M (40.4% of revenue).
Cathay General Bancorp, Q1 2026: revenue $215M (+14% year over year), operating margin 51.2%, net earnings $86.9M, operating cash flow $98.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $215M | -4% | +14% |
| Operating profit | $110M | -3% | +27% |
| Net earnings | $86.9M | -4% | +25% |
| Operating cash flow | $98.3M | +79% | -0.6% |
| Free cash flow | $96.0M | +76% | -0.2% |
What changed
Revenue was $214.8M in Q1 2026, up 14% year over year and down 4% from the previous quarter.
Operating profit was $110.0M, a 51.2% margin (up 5.0 points year over year). Of the extra revenue versus Q1 2025, 86% reached operating profit, above the 46% margin then. Total costs grew 4% against revenue growth of 14%. The fastest-growing cost line was Credit loss provision (+29%). Net earnings were $86.9M, up 25% year over year. The effective tax rate was 21.0%.
Operating cash flow was $98.3M (down 1% year over year), 113% of net earnings. Non-cash charges added back $1.7M of depreciation and amortization and $1.6M of share-based compensation. Working capital and other items added $8.2M. Capital expenditures of $2.3M left free cash flow of $96.0M.
Questions
What was Cathay General Bancorp's revenue in the first quarter 2026?
Cathay General Bancorp (CATY) reported revenue of $215M for the first quarter 2026 (Q1 2026), +14% from a year earlier and -4% from the quarter before.
Was Cathay General Bancorp profitable in the first quarter 2026?
Operating profit was $110M (51.2% of revenue) and net earnings $86.9M.