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Cathay General Bancorp (CATY.OQ)

CATY.OQ on NASDAQ Stock Exchange Global Select Market

38.08USD
9 Dec 2016
Change (% chg)

$-0.01 (-0.03%)
Prev Close
$38.09
Open
$38.14
Day's High
$38.29
Day's Low
$37.57
Volume
153,474
Avg. Vol
159,916
52-wk High
$38.42
52-wk Low
$25.63

Latest Key Developments (Source: Significant Developments)

Cathay General Bancorp Q2 earnings per share $0.44
Wednesday, 20 Jul 2016 04:30pm EDT 

Cathay General Bancorp : Net interest income before provision for credit losses increased $7.0 million, or 7.4%, to $101.8 million during q2 of 2016 . Cathay General Bancorp announces second quarter 2016 results . Q2 earnings per share $0.44 .Q2 earnings per share view $0.44 -- Thomson Reuters I/B/E/S.  Full Article

Cathay General Bancorp announces agreement to acquire Sinopac Bancorp
Friday, 8 Jul 2016 09:00am EDT 

Cathay General Bancorp : Cathay General Bancorp announces agreement to acquire Sinopac Bancorp . Aggregate consideration mix paid to bank sinopac will be at least 90% cash . RBC capital markets served as financial advisor to Cathay . Transaction is not expected to result in creation of any additional goodwill . 10% of purchase price will be held back and released over a period of three years . Deal for $340 million . Cathay has option to pay up to 10% in Cathay common stock . Transaction is expected to be approximately 4-5% accretive to Cathay's gaap earnings per share . Morgan Stanley served as financial advisor to bank Sinopac .$100 million of purchase price will be held back and released based on timing of subsequent merger of fenb and Cathay bank.  Full Article

Cathay General Bancorp adopts new share repurchase program
Monday, 1 Feb 2016 06:07pm EST 

Cathay General Bancorp:Board of Directors has adopted a new stock repurchase program authorizing Company to repurchase up to $45,000,000 of Company's common stock.  Full Article

Cathay General Bancorp And Asia Bancshares Inc. Complete Merger
Monday, 3 Aug 2015 06:00am EDT 

Cathay General Bancorp:Announces that it completed its merger with Asia Bancshares, Inc. at the end of the day on July 31.  Full Article

Cathay General Bancorp declares dividend of $0.14 per share
Thursday, 21 May 2015 08:15pm EDT 

Cathay General Bancorp:Declares cash dividend of $0.14 per common share payable on June 12, to stockholders of record at close of business on June 2.  Full Article

Cathay General Bancorp and Asia Bancshares enter into definitive agreement for merger
Wednesday, 21 Jan 2015 08:00am EST 

Cathay General Bancorp:Entered into a definitive agreement for merger of Asia Bancshares into Cathay.Asia Bancshares operates, through its subsidiary Asia Bank, three branches located in New York and one branch located in Maryland.Under terms of definitive merger agreement, Cathay will acquire Asia Bancshares for an aggregate purchase price of about $126 mln, subject to adjustment, including for an increase of net book value above a specified target amoun.Says aggregate consideration mix paid to shareholders of Asia Bancshares will be between 45 to 55 pct Cathay common stock and the remainder in cash.  Full Article