Cathay General Bancorp Q2 Profit Rises - Quick Facts

(RTTNews) - Cathay General Bancorp (CATY) Wednesday said second-quarter profit available to common stockholders increased to $27.8 million or $0.35 per share from $25.7 million or $0.33 per share in the comparable quarter last year.

On average, eight analysts polled by Thomson Reuters expected the company to earn $0.35 per share for the quarter. Analysts' estimates typically exclude special items.

Net-interest income improved 1.1 percent to $80.0 million from $79.1 million last year. Non-interest income totaled $20.4 million, up 107 percent from $9.9 million last year.

Efficiency ratio was 53.53 percent, compared to 53.21 percent last year.