💨 Abstract

Cathay General Bancorp reported first-quarter earnings of $69.5 million, with earnings of 98 cents per share and revenue of $330.6 million. The Los Angeles-based bank's revenue net of interest expense was $187.8 million, surpassing forecasts. Despite a 19% decrease in shares since the beginning of the year, they closed at $38.60

Courtesy: wtop.com

Summarized by Einstein Beta 🤖