Cathay General Bancorp Announces Fourth Quarter and Full Year 2025 Results

FOR IMMEDIATE RELEASE For: Cathay General Bancorp Contact: Heng W. Chen 777 N. Broadway (626) 279-3652 Los Angeles, CA 90012 Cathay General Bancorp Announces Fourth Quarter and Full Year 2025 Results Los Angeles, Calif., January 22, 2026: 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 and year ended December 31, 2025. The Company reported net income of $315.1 million, or $4.54 per diluted share, for the year ended December 31, 2025 and net income of $90.5 million, or $1.33 per diluted share, for the fourth quarter of 2025. FINANCIAL PERFORMANCE Three months ended Year ended December 31, (unaudited) December 31, 2025 September 30, 2025 December 31, 2024 2025 2024 Net income (in millions) $ 90.5 $ 77.7 $ 80.2 $ 315.1 $ 286.0 Basic earnings per common share $ 1.34 $ 1.13 $ 1.13 $ 4.55 $ 3.97 Diluted earnings per common share $ 1.33 $ 1.13 $ 1.12 $ 4.54 $ 3.95 Return on average assets 1.49 % 1.29 % 1.37 % 1.33 % 1.22 % Return on average total stockholders' equity 12.27 % 10.60 % 11.18 % 10.87 % 10.18 % Efficiency ratio 41.36 % 41.84 % 45.70 % 43.41 % 51.35 % HIGHLIGHTS ● Net interest margin increased to 3.36% during the fourth quarter from 3.31% in the third quarter. ● Total loans, excluding loans held for sale, increased to $20.15 billion, or 4.0%, from $19.38 billion in 2024. ● Total deposits increased $1.20 billion, or 6.1%, to $20.89 billion in 2025, from $19.69 billion in 2024. “We are pleased by the continued increase in the net interest margin compared to the third quarter of 2025 and fourth quarter of 2024. During the fourth quarter of 2025, we repurchased 1,099,803 shares at an average cost of $47.15 per share for a total of $51.9 million”, commented Chang M. Liu, President and Chief Executive Officer of the Company. INCOME STATEMENT REVIEW FOURTH QUARTER 2025 COMPARED TO THE THIRD QUARTER 2025 Net income for the quarter ended December 31, 2025, was $90.5 million, an increase of $12.8 million, or 16.5%, compared to net income of $77.7 million for the third quarter of 2025. Diluted earnings per share for the fourth quarter of 2025 was $1.33 per share compared to $1.13 per share for the third quarter of 2025. Return on average stockholders’ equity was 12.27% and return on average assets was 1.49% for the quarter ended December 31, 2025, compared to a return on average stockholders’ equity of 10.60% and a return on average assets of 1.29% in the third quarter of 2025. Net interest income before provision for credit losses Net interest income before provision for credit losses increased $5.4 million, or 2.9%, to $195.0 million during the fourth quarter of 2025, compared to $189.6 million in the third quarter of 2025. The increase was due primarily to a decrease in interest deposit expense, partially offset by a decrease in interest income from loans and securities. The net interest margin was 3.36% for the fourth quarter of 2025 compared to 3.31% for the third quarter of 2025. For the fourth quarter of 2025, the yield on average interest-earning assets was 5.74%, the cost of funds on average interest-bearing liabilities was 3.14%, and the cost of average interest-bearing deposits was 3.12%. In comparison, for the third quarter of 2025, the yield on average interest-earning assets was 5.84%, the cost of funds on average interest-bearing liabilities was 3.32%, and the cost of average interest-bearing deposits was 3.28%. The decrease in the yield on average interest-bearing liabilities resulted mainly from lower interest rates on deposits driven by the lower repricing of maturing time deposits in the fourth quarter. The decrease in the yield on average interest-earning assets resulted mainly from lower interest rates on loans due to the decreasing rate environment. The net interest spread, defined as the difference between the yield on average interest-earning assets and the cost of funds on average interest-bearing liabilities, was 2.60% for the fourth quarter of 2025, compared to 2.52% for the third quarter of 2025. Provision for credit losses The Company recorded a provision for credit losses of $17.2 million in the fourth quarter of 2025 compared to $28.7 million in the third quarter of 2025. As of December 31, 2025, the allowance for credit losses increased by $11.9 million to $208.4 million, or 1.03% of gross loans, compared to $196.5 million, or 0.98% of gross loans as of September 30, 2025. The following table sets forth the charge-offs and recoveries for the periods indicated: Three months ended Year ended December 31, December 31, 2025 September 30, 2025 December 31, 2024 2025 2024 ($ In thousands) (Unaudited) Charge-offs: Commercial loans $ 5,467 $ 16,173 $ 14,064 $ 33,101 $ 26,926 Construction loans — — — — — Real estate loans (1) 409 314 2,472 4,636 4,531 Installment and other loans — — 7 — 15 Total charge-offs 5,876 16,487 16,543 37,737 31,472 Recoveries: Commercial loans 517 547 75 1,529 1,102 Construction loans — 5 — 6 — Real estate loans (1) 3 289 133 482 694 Installment and other loans — — 2 — 2 Total recoveries 520 841 210 2,017 1,798 Net charge-offs/(recoveries) $ 5,356 $ 15,646 $ 16,333 $ 35,720 $ 29,674 (1) Real estate loans include commercial mortgage loans, residential mortgage loans and equity lines. - 2 - Non-interest income Non-interest income, which includes revenues from depository service fees, letters of credit commissions, securities gains (losses), wealth management fees, and other sources of fee income, was $27.8 million for the fourth quarter of 2025, an increase of $6.8 million, or 32.2%, compared to $21.0 million for the third quarter of 2025. The increase was primarily due to an increase of $6.4 million in unrealized gains on equity securities, when compared to the third quarter of 2025. Non-interest expense Non-interest expense increased $4.1 million, or 4.6%, to $92.2 million in the fourth quarter of 2025 compared to $88.1 million in the third quarter of 2025. The increase was primarily due to an increase in salaries and employee benefits costs driven by higher performance-based incentive accruals. The efficiency ratio, defined as non-interest expense divided by the sum of net interest income before provision for loan losses plus non-interest income, was 41.36% in the fourth quarter of 2025 compared to 41.84% for the third quarter of 2025. Income taxes The effective tax rate for the fourth quarter of 2025 was 20.23% compared to 17.18% for the third quarter of 2025. The effective tax rate for the third and fourth quarter of 2025 includes the impact of low-income housing tax credits. BALANCE SHEET REVIEW Gross loans were $20.15 billion as of December 31, 2025, an increase of $771.2 million, or 4.0%, from $19.38 billion as of December 31, 2024. The increase was primarily due to increases of $530.9 million, or 5.3%, in commercial real estate loans, $143.0 million, or 2.5%, in residential mortgage loans, $86.6 million, or 2.8%, in commercial loans and $17.9 million, or 5.6%, in construction loans offset by a decrease of $3.6 million, or 1.5%, in home equity loans. For the fourth quarter of 2025, gross loans increased by $42.5 million, or 0.9% annualized. The loan balances and composition as of December 31, 2025, compared to September 30, 2025, and December 31, 2024, are presented below: December 31, 2025 September 30, 2025 December 31, 2024 ($ In thousands) (Unaudited) Commercial loans $ 3,184,556 $ 3,212,907 $ 3,098,004 Construction loans 337,550 356,215 319,649 Commercial real estate loans 10,564,744 10,484,939 10,033,830 Residential mortgage loans 5,832,094 5,815,140 5,689,097 Equity lines 226,444 232,254 229,995 Installment and other loans 1,814 3,261 5,380 Gross loans $ 20,147,202 $ 20,104,716 $ 19,375,955 Allowance for loan losses (195,911 ) (186,647 ) (161,765 ) Unamortized deferred loan fees (14,903 ) (14,987 ) (10,541 ) Total loans held for investment, net $ 19,936,388 $ 19,903,082 $ 19,203,649 Loans held for sale $ — $ — $ — Total deposits were $20.89 billion as of December 31, 2025, an increase of $1.20 billion, or 6.1%, from $19.69 billion as of December 31, 2024. - 3 - The deposit balances and composition as of December 31, 2025, compared to September 30, 2025, and December 31, 2024, are presented below: December 31, 2025 September 30, 2025 December 31, 2024 ($ In thousands) (Unaudited) Non-interest-bearing demand deposits $ 3,505,606 $ 3,574,567 $ 3,284,342 NOW deposits 2,370,047 2,226,182 2,205,695 Money market deposits 3,800,471 3,586,301 3,372,773 Savings deposits 1,500,890 1,424,243 1,252,788 Time deposits 9,717,153 9,709,856 9,570,601 Total deposits $ 20,894,167 $ 20,521,149 $ 19,686,199 ASSET QUALITY REVIEW As of December 31, 2025, total non-accrual loans were $112.4 million, a decrease of $56.8 million, or 33.6%, from $169.2 million as of December 31, 2024, and a decrease of $53.2 million, or 32.1%, from $165.6 million as of September 30, 2025. The allowance for loan losses was $195.9 million and the allowance for off-balance sheet unfunded credit commitments was $12.4 million as of December 31, 2025. The allowances represent the amount estimated by management to be appropriate to absorb expected credit losses inherent in the loan portfolio, including unfunded credit commitments. The allowance for loan losses represented 0.97% of period-end gross loans, and 172.82% of non-performing loans as of December 31, 2025. The comparable ratios were 0.83% of period-end gross loans, and 93.39% of non-performing loans as of December 31, 2024. The changes in non-performing assets and accruing loan modifications to borrowers experiencing financial difficulty as of December 31, 2025, compared to December 31, 2024, and September 30, 2025, are presented below: ($ In thousands) (Unaudited) December 31, 2025 December 31, 2024 % Change September 30, 2025 % Change Non-performing assets Accruing loans past due 90 days or more $ 1,000 $ 4,050 (75 ) $ 110 809 Non-accrual loans: Construction loans — — — — — Commercial real estate loans 59,511 83,128 (28 ) 103,158 (42 ) Commercial loans 21,498 59,767 (64 ) 33,690 (36 ) Residential mortgage loans 31,354 26,266 19 28,784 9 Total non-accrual loans: $ 112,363 $ 169,161 (34 ) $ 165,632 (32 ) Total non-performing loans 113,363 173,211 (35 ) 165,742 (32 ) Other real estate owned 30,336 23,071 31 32,983 (8 ) Total non-performing assets $ 143,699 $ 196,282 (27 ) $ 198,725 (28 ) Accruing loan modifications to borrowers experiencing financial difficulties $ 78,148 $ — — $ 63,355 23 Allowance for loan losses $ 195,911 $ 161,765 21 $ 186,647 5 Total gross loans outstanding, at period-end $ 20,147,202 $ 19,375,955 4 $ 20,104,716 0 Allowance for loan losses to non-performing loans, at period-end 172.82 % 93.39 % 112.61 % Allowance for loan losses to gross loans, at period-end 0.97 % 0.83 % 0.93 % The ratio of non-performing assets to total assets was 0.59% as of December 31, 2025, compared to 0.85% as of December 31, 2024. Total non-performing assets decreased $52.6 million, or 26.8%, to $143.7 million as of December 31, 2025, compared to $196.3 million as of December 31, 2024, primarily due to a decrease of $56.8 million, or 33.6%, in non-accrual loans, and $3.1 million, or 75.3%, in accruing loans past due 90 days or more, offset by an increase of $7.3 million, or 31.5%, in other real estate owned. - 4 - CAPITAL ADEQUACY REVIEW As of December 31, 2025, the Company’s Tier 1 risk-based capital ratio of 13.27%, total risk-based capital ratio of 14.93%, and Tier 1 leverage capital ratio of 10.91%, calculated under the Basel III capital rules, continue to place the Company in the “well capitalized” category for regulatory purposes, which is defined as institutions with a Tier 1 risk-based capital ratio equal to or greater than 8%, a total risk-based capital ratio equal to or greater than 10%, and a Tier 1 leverage capital ratio equal to or greater than 5%. As of December 31, 2024, the Company’s Tier 1 risk-based capital ratio was 13.54%, total risk-based capital ratio was 15.08%, and Tier 1 leverage capital ratio was 10.96%. FULL YEAR REVIEW Net income for the year ended December 31, 2025, was $315.1 million, an increase of $29.1 million, or 10.2%, compared to net income of $286.0 million for the year ended December 31, 2024. Diluted earnings per share for the year ended December 31, 2025, was $4.54 compared to $3.95 per share for the year ended December 31, 2024. The net interest margin for the year ended December 31, 2025, was 3.30% compared to 3.04% for the year ended December 31, 2024. Return on average stockholders’ equity was 10.87% and return on average assets was 1.33% for the year ended December 31, 2025, compared to a return on average stockholders’ equity of 10.18% and a return on average assets of 1.22% for the year ended December 31, 2024. The efficiency ratio for the year ended December 31, 2025, was 43.41% compared to 51.35% for the year ended December 31, 2024. - 5 - CONFERENCE CALL Cathay General Bancorp will host a conference call to discuss its fourth quarter and year-end 2025 financial results this afternoon, Thursday, January 22, 2026, at 3:00 p.m., Pacific Time. Analysts and investors may dial in and participate in the question-and-answer session. To access the call, please dial 1-833-816-1377 and enter Conference ID 10205620. The presentation accompanying this call and access to the live webcast is available on our site at www.cathaygeneralbancorp.com and a replay of the webcast will be archived for one year within 24 hours after the event. ABOUT CATHAY GENERAL BANCORP Cathay General Bancorp is a publicly traded company (Nasdaq: CATY) and is the holding company for Cathay Bank, a California state-chartered bank. Founded in 1962, Cathay Bank offers a wide range of financial services and currently operate over 60 branches across the United States in California, New York, Washington, Texas, Illinois, Massachusetts, Maryland, Nevada, and New Jersey. Overseas, it has a branch outlet in Hong Kong, and representative offices in Beijing, Shanghai, and Taipei. To learn more about Cathay Bank, please visit www.cathaybank.com. Cathay General Bancorp’s website is at www.cathaygeneralbancorp.com. Information set forth on such websites is not incorporated into this press release. FORWARD-LOOKING STATEMENTS Statements made in this press release, other than statements of historical fact, are forward-looking statements within the meaning of the applicable provisions of the Private Securities Litigation Reform Act of 1995 regarding management’s beliefs, projections, and assumptions concerning future results and events. These forward-looking statements may include, but are not limited to, such words as “aims,” “anticipates,” “believes,” “can,” “continue,” “could,” “estimates,” “expects,” “hopes,” “intends,” “may,” “plans,” “projects,” “predicts,” “potential,” “possible,” “optimistic,” “seeks,” “shall,” “should,” “will,” and variations of these words and similar expressions. Forward-looking statements are based on estimates, beliefs, projections, and assumptions of management and are not guarantees of future performance. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from our historical experience and our present expectations or projections. Such risks and uncertainties and other factors include, but are not limited to, adverse developments or conditions related to or arising from local, regional, national and international business, market and economic conditions and events, the potential for new and increase tariffs, trade restrictions or geopolitical tensions that could affect economic activity or specific industry sectors and the impact they may have on us, our customers and our operations, assets and liabilities; possible additional provisions for loan losses and charge-offs; credit risks of lending activities and deterioration in asset or credit quality; extensive laws and regulations and supervision that we are subject to including potential future supervisory action by bank supervisory authorities; increased costs of compliance and other risks associated with changes in regulation; higher capital requirements from the implementation of the Basel III capital standards; compliance with the Bank Secrecy Act and other money laundering statutes and regulations; potential goodwill impairment; liquidity risk; fluctuations in interest rates; risks associated with acquisitions and the expansion of our business into new markets; inflation and deflation; real estate market conditions and the value of real estate collateral; our ability to generate anticipated returns on our investments and financings, including in tax-advantaged projects; environmental liabilities; our ability to compete with larger competitors; our ability to retain key personnel; successful management of reputational risk; natural disasters, public health crises and geopolitical events; general economic or business conditions in Asia, and other regions where Cathay Bank has operations; failures, interruptions, or security breaches of our information systems; our ability to adapt our systems to technological changes; risk management processes and strategies; adverse results in legal proceedings; certain provisions in our charter and bylaws that may affect acquisition of the Company; changes in accounting standards or tax laws and regulations; market disruption and volatility; restrictions on dividends and other distributions by laws and regulations and by our regulators and our capital structure; issuance of preferred stock; successfully raising additional capital, if needed, and the resulting dilution of interests of holders of our common stock; the soundness of other financial institutions; and general competitive, economic, political, and market conditions and fluctuations. These and other factors are further described in Cathay General Bancorp’s Annual Report on Form 10-K for the year ended December 31, 2024 (Item 1A in particular), other reports filed with the Securities and Exchange Commission (“SEC”), and other filings Cathay General Bancorp makes with the SEC from time to time. Actual results in any future period may also vary from the past results discussed in this press release. Given these risks and uncertainties, readers are cautioned not to place undue reliance on any forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, we undertake no obligation to update or review any forward-looking statement to reflect circumstances, developments or events occurring after the date on which the statement is made or to reflect the occurrence of unanticipated events. - 6 - CATHAY GENERAL BANCORP CONSOLIDATED FINANCIAL HIGHLIGHTS (Unaudited) Three months ended Year ended December 31, ($ In thousands, except per share data) December 31, 2025 September 30, 2025 December 31, 2024 2025 2024 Financial performance Net interest income before provision for credit losses $ 195,013 $ 189,587 $ 171,012 $ 742,460 $ 674,055 Provision for credit losses 17,200 28,731 14,500 72,631 37,500 Net interest income after provision for credit losses 177,813 160,856 156,512 669,829 636,555 Non-interest income 27,816 21,021 15,473 75,432 55,664 Non-interest expense 92,156 88,117 85,219 355,063 374,677 Income before income tax expense 113,473 93,760 86,766 390,198 317,542 Income tax expense 22,956 16,109 6,565 75,074 31,563 Net income $ 90,517 $ 77,651 $ 80,201 $ 315,124 $ 285,979 Net income per common share: Basic $ 1.34 $ 1.13 $ 1.13 $ 4.55 $ 3.97 Diluted $ 1.33 $ 1.13 $ 1.12 $ 4.54 $ 3.95 Cash dividends paid per common share $ 0.34 $ 0.34 $ 0.34 $ 1.36 $ 1.36 Selected ratios Return on average assets 1.49 % 1.29 % 1.37 % 1.33 % 1.22 % Return on average total stockholders’ equity 12.27 % 10.60 % 11.18 % 10.87 % 10.18 % Efficiency ratio 41.36 % 41.84 % 45.70 % 43.41 % 51.35 % Dividend payout ratio 25.28 % 29.93 % 29.95 % 29.77 % 34.26 % Yield analysis (Fully taxable equivalent) Total interest-earning assets 5.74 % 5.84 % 5.92 % 5.82 % 6.02 % Total interest-bearing liabilities 3.14 % 3.32 % 3.75 % 3.32 % 3.90 % Net interest spread 2.60 % 2.52 % 2.17 % 2.50 % 2.12 % Net interest margin 3.36 % 3.31 % 3.07 % 3.30 % 3.04 % Capital ratios December 31, 2025 September 30, 2025 December 31, 2024 Tier 1 risk-based capital ratio 13.27 % 13.17 % 13.54 % Total risk-based capital ratio 14.93 % 14.78 % 15.08 % Tier 1 leverage capital ratio 10.91 % 10.90 % 10.96 % - 7 - CATHAY GENERAL BANCORP CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) ($ In thousands, except share and per share data) December 31, 2025 September 30, 2025 December 31, 2024 Assets Cash and due from banks $ 146,320 $ 166,167 $ 157,167 Short-term investments and interest bearing deposits 1,278,089 1,141,886 882,353 Securities available-for-sale (amortized cost of $1,735,451 at December 31, 2025, $1,728,199 at September 30, 2025 and $1,668,661 at December 31, 2024) 1,658,223 1,643,450 1,547,128 Loans 20,147,202 20,104,716 19,375,955 Less: Allowance for loan losses (195,911 ) (186,647 ) (161,765 ) Unamortized deferred loan fees, net (14,903 ) (14,987 ) (10,541 ) Loans, net 19,936,388 19,903,082 19,203,649 Equity securities 44,821 32,111 34,429 Federal Home Loan Bank stock 17,250 17,250 17,250 Other real estate owned, net 30,336 32,983 23,071 Affordable housing investments and alternative energy partnerships, net 287,182 292,672 289,611 Premises and equipment, net 87,579 88,552 88,676 Customers’ liability on acceptances 4,385 7,730 14,061 Accrued interest receivable 96,993 96,055 97,779 Goodwill 375,696 375,696 375,696 Other intangible assets, net 2,683 2,667 3,335 Right-of-use assets- operating leases 34,187 31,086 28,645 Other assets 229,443 244,257 291,831 Total assets $ 24,229,575 $ 24,075,644 $ 23,054,681 Liabilities and Stockholders’ Equity Deposits: Non-interest-bearing demand deposits $ 3,505,606 $ 3,574,567 $ 3,284,342 Interest-bearing deposits: NOW deposits 2,370,047 2,226,182 2,205,695 Money market deposits 3,800,471 3,586,301 3,372,773 Savings deposits 1,500,890 1,424,243 1,252,788 Time deposits 9,717,153 9,709,856 9,570,601 Total deposits 20,894,167 20,521,149 19,686,199 Advances from the Federal Home Loan Bank — 190,000 60,000 Other borrowings for affordable housing investments 17,582 17,628 17,740 Long-term debt 119,136 119,136 119,136 Acceptances outstanding 4,385 7,730 14,061 Lease liabilities - operating leases 36,102 33,079 30,851 Other liabilities 232,815 284,646 280,990 Total liabilities 21,304,187 21,173,368 20,208,977 Stockholders' equity 2,925,388 2,902,276 2,845,704 Total liabilities and equity $ 24,229,575 $ 24,075,644 $ 23,054,681 Book value per common share $ 43.53 $ 42.50 $ 40.16 Number of common shares outstanding 67,200,126 68,286,591 70,863,324 - 8 - CATHAY GENERAL BANCORP CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) Three months ended Year ended December 31, December 31, 2025 September 30, 2025 December 31, 2024 2025 2024 ($ In thousands, except share and per share data) Interest and Dividend Income Loan receivable, including loan fees $ 306,761 $ 308,945 $ 300,991 $ 1,206,547 $ 1,217,166 Investment securities 13,505 12,690 13,587 51,964 59,307 Federal Home Loan Bank stock 380 376 379 1,508 1,684 Deposits with banks 12,106 12,184 15,025 49,241 56,818 Total interest and dividend income 332,752 334,195 329,982 1,309,260 1,334,975 Interest Expense Time deposits 90,715 93,087 111,082 374,232 458,490 Other deposits 44,514 46,300 44,557 177,618 177,775 Advances from Federal Home Loan Bank 527 3,075 766 6,248 14,283 Long-term debt 1,956 2,043 2,194 8,048 8,129 Short-term borrowings 27 103 371 654 2,243 Total interest expense 137,739 144,608 158,970 566,800 660,920 Net interest income before provision for credit losses 195,013 189,587 171,012 742,460 674,055 Provision for credit losses 17,200 28,731 14,500 72,631 37,500 Net interest income after provision for credit losses 177,813 160,856 156,512 669,829 636,555 Non-Interest Income Net (losses)/gains from equity securities 9,710 3,263 (1,312 ) 7,392 (7,516 ) Debt securities losses, net — — — — 1,107 Letters of credit commissions 2,332 2,256 2,063 8,799 7,749 Depository service fees 1,885 2,011 1,674 7,573 6,574 Wealth management fees 6,364 6,219 6,194 23,688 24,055 Other operating income 7,525 7,272 6,854 27,980 23,695 Total non-interest income 27,816 21,021 15,473 75,432 55,664 Non-Interest Expense Salaries and employee benefits 48,415 43,462 42,526 177,427 167,376 Occupancy expense 5,866 6,104 5,724 23,657 23,281 Computer and equipment expense 6,260 5,760 4,923 23,234 20,135 Professional services expense 7,996 7,360 8,761 31,692 30,986 Data processing service expense 4,438 3,991 4,234 17,466 16,370 FDIC and State assessments 2,023 2,783 1,198 11,382 14,279 Marketing expense 1,518 1,494 1,518 6,003 6,520 Other real estate owned expense/(income) 59 (1,078 ) 368 (1,152 ) 2,699 Amortization of investments in low income housing and alternative energy partnerships 11,232 12,149 10,728 43,614 72,633 Amortization of core deposit intangibles 217 229 250 946 1,098 Other operating expense 4,132 5,863 4,989 20,794 19,300 Total non-interest expense 92,156 88,117 85,219 355,063 374,677 Income before income tax expense 113,473 93,760 86,766 390,198 317,542 Income tax expense 22,956 16,109 6,565 75,074 31,563 Net income $ 90,517 $ 77,651 $ 80,201 $ 315,124 $ 285,979 Net income per common share: Basic $ 1.34 $ 1.13 $ 1.13 $ 4.55 $ 3.97 Diluted $ 1.33 $ 1.13 $ 1.12 $ 4.54 $ 3.95 Cash dividends paid per common share $ 0.34 $ 0.34 $ 0.34 $ 1.36 $ 1.36 Basic average common shares outstanding 67,681,571 68,727,390 71,168,983 69,184,832 72,068,850 Diluted average common shares outstanding 67,988,945 68,990,648 71,491,518 69,452,220 72,327,017 - 9 - CATHAY GENERAL BANCORP AVERAGE BALANCES – SELECTED CONSOLIDATED FINANCIAL INFORMATION (Unaudited) Three months ended ($ In thousands)(Unaudited) December 31, 2025 September 30, 2025 December 31, 2024 Average Balance Average Yield/Rate (1) Average Balance Average Yield/Rate (1) Average Balance Average Yield/Rate (1) Interest-earning assets: Loans (1) $ 20,103,677 6.05 % $ 19,951,853 6.14 % $ 19,345,616 6.19 % Taxable investment securities 1,653,908 3.24 % 1,634,248 3.08 % 1,542,577 3.50 % FHLB stock 17,250 8.75 % 17,250 8.65 % 17,250 8.75 % Deposits with banks 1,229,444 3.91 % 1,113,274 4.34 % 1,265,496 4.72 % Total interest-earning assets $ 23,004,279 5.74 % $ 22,716,625 5.84 % $ 22,170,939 5.92 % Interest-bearing liabilities: Interest-bearing demand deposits $ 2,305,316 1.58 % $ 2,189,376 1.70 % $ 2,131,978 1.85 % Money market deposits 3,668,083 3.15 % 3,556,374 3.44 % 3,259,771 3.52 % Savings deposits 1,518,094 1.62 % 1,419,953 1.72 % 1,306,584 1.76 % Time deposits 9,727,542 3.70 % 9,698,744 3.81 % 9,932,776 4.45 % Total interest-bearing deposits $ 17,219,035 3.12 % $ 16,864,447 3.28 % $ 16,631,109 3.72 % Other borrowed funds 71,474 3.07 % 295,892 4.26 % 111,142 4.07 % Long-term debt 119,136 6.51 % 119,136 6.80 % 119,136 7.33 % Total interest-bearing liabilities 17,409,645 3.14 % 17,279,475 3.32 % 16,861,387 3.75 % Non-interest-bearing demand deposits 3,484,027 3,384,141 3,318,350 Total deposits and other borrowed funds $ 20,893,672 $ 20,663,616 $ 20,179,737 Total average assets $ 24,089,037 $ 23,843,380 $ 23,332,869 Total average equity $ 2,927,541 $ 2,907,596 $ 2,854,994 Year ended ($ In thousands)(Unaudited) December 31, 2025 December 31, 2024 Average Balance Average Yield/Rate (1) Average Balance Average Yield/Rate (1) Interest-earning assets: Loans (1) $ 19,722,436 6.12 % $ 19,434,614 6.26 % Taxable investment securities 1,592,700 3.26 % 1,621,477 3.66 % FHLB stock 17,250 8.74 % 18,681 9.02 % Deposits with banks 1,161,842 4.24 % 1,098,488 5.17 % Total interest-earning assets $ 22,494,228 5.82 % $ 22,173,260 6.02 % Interest-bearing liabilities: Interest-bearing demand deposits $ 2,193,139 1.66 % $ 2,186,726 2.05 % Money market deposits 3,518,747 3.36 % 3,166,318 3.65 % Savings deposits 1,393,380 1.65 % 1,151,427 1.52 % Time deposits 9,675,753 3.87 % 10,022,826 4.57 % Total interest-bearing deposits $ 16,781,019 3.29 % $ 16,527,297 3.85 % Other borrowed funds 171,309 4.03 % 315,086 5.24 % Long-term debt 119,136 6.76 % 119,136 6.82 % Total interest-bearing liabilities 17,071,464 3.32 % 16,961,519 3.90 % Non-interest-bearing demand deposits 3,376,699 3,283,586 Total deposits and other borrowed funds $ 20,448,163 $ 20,245,105 Total average assets $ 23,620,645 $ 23,368,429 Total average equity $ 2,899,898 $ 2,809,620 (1) Yields and interest earned include net loan fees. Non-accrual loans are included in the average balance. - 10 - CATHAY GENERAL BANCORP GAAP to NON-GAAP RECONCILIATION SELECTED CONSOLIDATED FINANCIAL INFORMATION (Unaudited) The Company uses certain non-GAAP financial measures to provide supplemental information regarding the Company’s performance. Tangible equity and tangible equity to tangible assets ratio are non-GAAP financial measures. Tangible equity and tangible assets represent stockholders’ equity and total assets, respectively, which have been reduced by goodwill and other intangible assets. Given that the use of such measures and ratios is prevalent in the banking industry, and such measures and ratios are used by banking regulators and analysts, the Company has included them below for discussion. As of December 31, 2025 September 30, 2025 December 31, 2024 ($ In thousands except per share data) (Unaudited) Stockholders' equity (a) $ 2,925,388 $ 2,902,276 $ 2,845,704 Less: Goodwill (375,696 ) (375,696 ) (375,696 ) Other intangible assets (1) (2,683 ) (2,667 ) (3,335 ) Tangible equity (b) $ 2,547,009 $ 2,523,913 $ 2,466,673 Total assets (c) $ 24,229,575 $ 24,075,644 $ 23,054,681 Less: Goodwill (375,696 ) (375,696 ) (375,696 ) Other intangible assets (1) (2,683 ) (2,667 ) (3,335 ) Tangible assets (d) $ 23,851,196 $ 23,697,281 $ 22,675,650 Number of common shares outstanding (e) 67,200,126 68,286,591 70,863,324 Total stockholders' equity to total assets ratio (a)/(c) 12.07 % 12.05 % 12.34 % Tangible equity to tangible assets ratio (b)/(d) 10.68 % 10.65 % 10.88 % Tangible book value per share (b)/(e) $ 37.90 $ 36.96 $ 34.81 Three Months Ended Twelve Months Ended December 31, 2025 September 30, 2025 December 31, 2024 December 31, 2025 December 31, 2024 ($ In thousands) (Unaudited) Net Income $ 90,517 $ 77,651 $ 80,201 $ 315,124 $ 285,979 Add: Amortization of other intangibles (1) 338 249 256 1,155 1,127 Tax effect of amortization adjustments (2) (100 ) (74 ) (76 ) (342 ) (334 ) Tangible net income (f) $ 90,755 $ 77,826 $ 80,381 $ 315,937 $ 286,772 Return on tangible common equity (3) (f)/(b) 14.25 % 12.33 % 13.03 % 12.40 % 11.63 % (1) Includes core deposit intangibles and mortgage servicing (2) Applied the statutory rate of 29.65%. (3) Annualized - 11 -