Cathay General Bancorp Q3 Profit Beats Estimates - Quick Facts

(RTTNews) - Cathay General Bancorp (CATY), the holding company for Cathay Bank, reported third-quarter net income to shareholders of $35.9 million, or $0.45 per share, compared to $30.0 million or $0.38 per share, last year.

On average, seven analysts polled by Thomson Reuters expected the company to report profit per share of $0.44 for the quarter. Analysts' estimates typically exclude special items.

Net interest income before provision for credit losses increased 5.0%, to $86.8 million during the third quarter of 2014 compared to $82.6 million during the same quarter a year ago. Non-interest income was $9.0 million for the third quarter of 2014, a decrease of 46.3%, compared to $16.7 million for the third quarter of 2013. Analysts expected revenue of $97.80 million for the quarter.