Cathay General Bancorp reported net income of $92.2 million, or $1.37 per diluted share, for the second quarter of 2026, up from $86.9 million, or $1.29 per diluted share, in the first quarter. Net interest margin expanded to 3.48% from 3.43% in the prior quarter, while total loans, excluding loans held for sale, grew 2.21% to $20.62 billion and total deposits increased 1.87% to $21.06 billion. The company's board approved an increase to its share repurchase authorization from $150 million to $200 million and the redemption of $54.1 million of trust preferred securities, representing approximately 45% of the $119.1 million outstanding. Non-accrual loans rose 25.5% to $111.7 million, and the allowance for loan losses stood at 1.06% of gross loans.
Cathay General BancorpNet income rose to $92.2M from $86.9M, net interest margin expanded, and share repurchase authorization increased.
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