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Cathay General's Profit Up

Stock quotes in this article: CATY  

Cathay General Bancorp(CATY Quote), the holding company for Cathay Bank, said its first-quarter earnings rose 9.5% from the year-ago period, on strong growth in loans and stable net interest margin.

The Los Angeles, Calif.-based company earned $27.3 million, or 54 cents a share, in the quarter, compared with $25 million, or 49 cents a share, a year ago. Analysts surveyed by Thomson First Call were expecting earnings of $27.6 million, or 54 cents a share in the most recent quarter.

First-quarter net interest income rose 10.9% from a year ago to $65.1 million. Analysts were expecting net interest income of $69.6 million in the most recent quarter. ...

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