Cathay General Bancorp Q4 Profit Up - Quick Facts

(RTTNews) - Cathay General Bancorp (CATY) Thursday reported fourth-quarter profit of $31.9 million or $0.40 per share, up from $24.2 million or $0.31 per share in the same period last year.

On average, eight analysts polled by Thomson Reuters expected the company to earn $0.40 per share for the quarter. Analysts' estimates typically exclude special items.

Net-interest income improved slightly to $82.0 million from $81.1 million last year. Net-interest margin was 3.30 percent, compared to 3.28 percent last year. Non-interest income totaled $8.3 million, down 31.6 percent from $12.2 million last year.

Efficiency ratio was 44.65 percent, compared to 53.11 percent last year.