Cathay General Bancorp, the holding company for Cathay Bank, reported its unaudited financial results for the second quarter ending June 30, 2025. The company achieved a net income of $77.5 million, marking an increase from $69.5 million in the previous quarter and $66.8 million in the same quarter of the previous year. The diluted earnings per share $(EPS)$ for the second quarter was $1.10, compared to $0.98 in the first quarter of 2025 and $0.92 in the second quarter of 2024. The return on average assets for the quarter was 1.33%, up from 1.22% in the first quarter of 2025 and 1.15% in the second quarter of 2024. Additionally, the return on average stockholders' equity improved to 10.72% from 9.84% in the prior quarter and 9.63% a year ago. For the six months ending June 30, 2025, Cathay General Bancorp reported a net income of $147.0 million, an increase from $138.3 million for the same period a year ago. The net interest margin for the six-month period was 3.26%, compared to 3.03% for the same period in the previous year. The efficiency ratio for the quarter was 45.34%, showing an improvement from 45.60% in the first quarter and 55.65% from the same quarter a year earlier. The efficiency ratio for the first half of 2025 was 45.46%, down from 54.45% for the first half of 2024. No specific outlook or guidance information was provided in the report.
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