Cathay General Bancorp turns to loss in Q3

Fri. October 09, 2009; Posted: 09:41 AM

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Oct 09, 2009 (Datamonitor via COMTEX) -- CATY | Quote | Chart | News | PowerRating -- Cathay General Bancorp has reported that net loss available to common stockholders was $21.76 million, or $0.43 per share, for the third quarter ended September 30, 2009, compared to a net income available to common stockholders of $6.89 million, or $0.14 per share, for the third quarter ended September 30, 2008.

For the third quarter of 2009, the company has reported that net interest income before provision for credit losses was $72.51 million, compared to $73.60 million for the third quarter of 2008.

Net loss available to common stockholders for the first nine months ended September 30, 2009 was $44.36 million, or $0.89 per share, compared to a net income available to common stockholders of $53.42 million, or $1.08 per share, for the first nine months ended September 30, 2008.

Net interest income before provision for credit losses for the first nine months of 2009 decreased to $208.94 million from $220.9 million for the same period of 2008.

As of September 30, 2009, total assets were $11.75 billion versus $11.58 billion as of December 31, 2008.

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For full details on Cathay General Bancorp (CATY) click here. Cathay General Bancorp (CATY) has Short Term PowerRatings of 6. Details on Cathay General Bancorp (CATY) Short Term PowerRatings is available at This Link.

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