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Cathay General Bancorp
Cathay General Bancorp is a publicly traded company based in the United States, with the stock symbol CATY. It is a holding company for Cathay Bank, which provides a range of financial services, including consumer and commercial banking, business banking, and wealth management.
In terms of earnings, Cathay General Bancorp reported net income of $133.2 million for the nine months ended September 30, 2021, compared to $75.8 million for the same period in 2020. This represents an increase of 76% in net income year-over-year.
In terms of growth, Cathay General Bancorp has consistently posted strong growth in total assets, loans, and deposits in recent years. As of September 30, 2021, the company's total assets stood at $19.4 billion, an increase of 25% from the same period in 2020. The company's total loans also grew by 20% year-over-year to $14.5 billion, while total deposits increased by 24% to $15.7 billion.
Cathay General Bancorp's strong earnings and growth are due in part to its focus on the Asian American market, which has been a fast-growing segment of the U.S. population. The company has a strong presence in California, where it has many branches, and it has also expanded into other states with significant Asian American populations, such as New York, Hawaii, and Illinois.
It's worth noting that past performance is not indicative of future results, and investing always involves risks. Therefore, potential investors should conduct their own research and consider seeking advice from a qualified financial advisor.