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Cathay General Bancorp Announces First Quarter 2021 Results News provided by Share this article Share this article LOS ANGELES, April 26, 2021 /PRNewswire/ Cathay General Bancorp (the Company , we , us , or our ) (Nasdaq: CATY), the holding company for Cathay Bank, today announced its unaudited financial results for the quarter ended March 31, 2021.  The Company reported net income of $73.4 million, or $0.92 per share, for the first quarter of 2021. FINANCIAL PERFORMANCE $0.92 $0.92 12.23% FIRST QUARTER HIGHLIGHTS The net interest margin increased to 3.20% in the first quarter of 2021 from 3.12% in the fourth quarter of 2020. There was a reversal of provisions for credit losses of $13.6 million in the first quarter of 2021 compared to a reversal for loan losses of $5.0 million for the fourth quarter of 2020.

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