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Cathay General Bancorp reports Q3 net income of $69.8M

Cathay General Bancorp reported third-quarter net income of $69.8 million, or 85 cents per share, up from $49.7 million, or 61 cents per share, in the year-ago period.

The S&P Global Market Intelligence consensus GAAP EPS estimate for the most recent quarter was 85 cents.

Total loans stood at $13.65 billion at the end of the quarter, compared to $12.60 billion as of the close of the third quarter of 2017.

Total deposits were at $13.58 billion, compared with $12.56 billion in the year-ago period.