Cathay General Bancorp Reveals Increase In Q1 Profit

(RTTNews) - Cathay General Bancorp (CATY) reported a profit for its first quarter that climbed from last year.

The company's bottom line totaled $63.8 million, or $0.78 per share. This compares with $48.9 million, or $0.61 per share, in last year's first quarter.

Analysts had expected the company to earn $0.78 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Cathay General Bancorp earnings at a glance:

-Earnings (Q1): $63.8 Mln. vs. $48.9 Mln. last year. -EPS (Q1): $0.78 vs. $0.61 last year. -Analysts Estimate: $0.78