Earnings Call Summary | Cathay General Bancorp(CATY.US) Q1 2024 Earnings Conference
Earnings Call Summary | Cathay General Bancorp(CATY.US) Q1 2024 Earnings Conference
The following is a summary of the Cathay General Bancorp (CATY) Q1 2024 Earnings Call Transcript:
以下是国泰万通（CATY）2024年第一季度财报电话会议记录摘要：
Financial Performance:
财务业绩：
Cathay General Bancorp reported a Q1 2024 net income of $71.4 million, a 13.4% decrease compared to the previous quarter.
Diluted earnings per share dropped 13.5% to $0.98.
There was a decrease of $119 million or 2.4% in total gross loans primarily from a drop in commercial and construction loans.
Total deposits rose by $520.8 million or 10.8% annually.
国泰通用银行公布的2024年第一季度净收入为7140万美元，与上一季度相比下降了13.4％。
摊薄后的每股收益下降了13.5％，至0.98美元。
贷款总额减少了1.19亿美元，下降了2.4％，这主要是由于商业和建筑贷款的下降。
存款总额每年增长5.208亿美元，增长10.8％。
Business Progress:
业务进展：
Revised loan growth for 2024 is between 3% and 4% due to slower growth in Q1 2024.
Improved stability was noted with the Tier 1 leverage capital ratio at 10.71% from 10.55% in Q4 2023.
A provision for credit loss of $1.9 million was allocated in Q1 2024 compared to $1.7 million in the previous quarter.
Projected continued growth with an overall deposit estimated between 4% and 5%.
由于2024年第一季度增长放缓，修订后的2024年贷款增长率在3％至4％之间。
一级杠杆资本比率从2023年第四季度的10.55％升至10.71％，稳定性有所改善。
2024年第一季度分配的信贷损失准备金为190万美元，而上一季度为170万美元。
预计将继续增长，总存款额估计在4％至5％之间。
More details: Cathay General Bancorp IR
更多详情： 国泰万通银行投资者关系
Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：本文由 AI 生成。无法完全保证内容的准确性。欲了解更多详情，请访问投资者关系网站。本文仅供投资者参考，不构成任何投资建议。