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SAIC (SAIC) delivered modest 2% revenue growth but achieved a remarkable 69% year-over-year net income increase, driven by improved contract efficiency. Gross margin expansion and lower SG&A expenses contributed to significant bottom-line growth, even after normalizing for a $13M investment gain. SAIC's $22.9B contract backlog and stable balance sheet support expectations for steady, predictable operational performance in coming years.

Posted by Defense World Staff on Apr 7th, 2026

SG Americas Securities LLC lowered its stake in shares of Cathay General Bancorp (NASDAQ:CATY – Free Report) by 46.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 31,697 shares of the bank’s stock after selling 27,298 shares during the period. SG Americas Securities LLC’s holdings in Cathay General Bancorp were worth $1,534,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CATY. Invesco Ltd. lifted its stake in Cathay General Bancorp by 3.5% during the third quarter. Invesco Ltd. now owns 1,579,719 shares of the bank’s stock worth $75,842,000 after purchasing an additional 53,621 shares in the last quarter. Norges Bank acquired a new stake in shares of Cathay General Bancorp in the second quarter valued at $36,348,000. Millennium Management LLC raised its holdings in shares of Cathay General Bancorp by 375.1% in the 3rd quarter. Millennium Management LLC now owns 420,509 shares of the bank’s stock valued at $20,189,000 after buying an additional 331,997 shares during the period. Bank of America Corp DE raised its holdings in shares of Cathay General Bancorp by 25.0% in the 3rd quarter. Bank of America Corp DE now owns 386,291 shares of the bank’s stock valued at $18,546,000 after buying an additional 77,228 shares during the period. Finally, Public Sector Pension Investment Board lifted its stake in Cathay General Bancorp by 8.8% during the 3rd quarter. Public Sector Pension Investment Board now owns 305,043 shares of the bank’s stock worth $14,645,000 after acquiring an additional 24,615 shares in the last quarter. Hedge funds and other institutional investors own 75.01% of the company’s stock.

Cathay General Bancorp Stock Performance Shares of CATY stock opened at $51.34 on Tuesday. The firm has a 50 day moving average of $50.66 and a two-hundred day moving average of $49.30. The stock has a market capitalization of $3.44 billion, a PE ratio of 11.31 and a beta of 0.82. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.05. Cathay General Bancorp has a 52 week low of $36.13 and a 52 week high of $54.99.

Cathay General Bancorp (NASDAQ:CATY – Get Free Report) last posted its quarterly earnings data on Thursday, January 22nd. The bank reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.13. The business had revenue of $222.83 million for the quarter, compared to analyst estimates of $211.76 million. Cathay General Bancorp had a return on equity of 10.89% and a net margin of 22.76%.During the same quarter in the prior year, the company earned $1.12 earnings per share. On average, research analysts predict that Cathay General Bancorp will post 4.47 EPS for the current fiscal year.

Cathay General Bancorp Increases Dividend The business also recently declared a quarterly dividend, which was paid on Monday, March 9th. Shareholders of record on Thursday, February 26th were issued a dividend of $0.38 per share. This is a positive change from Cathay General Bancorp’s previous quarterly dividend of $0.34. The ex-dividend date was Thursday, February 26th. This represents a $1.52 annualized dividend and a yield of 3.0%. Cathay General Bancorp’s dividend payout ratio (DPR) is currently 33.48%.

Insider Transactions at Cathay General Bancorp In other Cathay General Bancorp news, EVP Thomas M. Lo sold 1,000 shares of the stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $50.23, for a total value of $50,230.00. Following the sale, the executive vice president owned 2,000 shares of the company’s stock, valued at $100,460. This trade represents a 33.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.85% of the stock is owned by corporate insiders.

Analyst Ratings Changes Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Cathay General Bancorp in a research report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Cathay General Bancorp currently has a consensus rating of “Hold” and an average target price of $52.50.

Check Out Our Latest Research Report on Cathay General Bancorp

Cathay General Bancorp Company Profile (Free Report)

Cathay General Bancorp is a bank holding company headquartered in Los Angeles, California, trading on NASDAQ under the symbol CATY. Its principal subsidiary, Cathay Bank, provides a full suite of financial services to commercial, institutional and retail clients. As a community-focused institution, the company emphasizes relationship banking and tailored solutions for businesses and individuals.

Founded in 1962 by a group of Chinese American entrepreneurs, Cathay has expanded from a single branch operation in downtown Los Angeles into one of the largest Asian-American banks in the United States.

Featured Articles Five stocks we like better than Cathay General Bancorp Want to see what other hedge funds are holding CATY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cathay General Bancorp (NASDAQ:CATY – Free Report).

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Posted by Defense World Staff on Apr 8th, 2026

Farmers & Merchants Bank of Long Beach (OTCMKTS:FMBL – Get Free Report) and Cathay General Bancorp (NASDAQ:CATY – Get Free Report) are both finance companies, but which is the superior business? We will contrast the two companies based on the strength of their analyst recommendations, profitability, dividends, risk, valuation, earnings and institutional ownership.

Risk & Volatility Farmers & Merchants Bank of Long Beach has a beta of 0.28, meaning that its stock price is 72% less volatile than the S&P 500. Comparatively, Cathay General Bancorp has a beta of 0.82, meaning that its stock price is 18% less volatile than the S&P 500.

Profitability This table compares Farmers & Merchants Bank of Long Beach and Cathay General Bancorp’s net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets Farmers & Merchants Bank of Long Beach 15.22% 4.89% 0.59% Cathay General Bancorp 22.76% 10.89% 1.32% Insider and Institutional Ownership 7.6% of Farmers & Merchants Bank of Long Beach shares are held by institutional investors. Comparatively, 75.0% of Cathay General Bancorp shares are held by institutional investors. 12.8% of Farmers & Merchants Bank of Long Beach shares are held by insiders. Comparatively, 4.8% of Cathay General Bancorp shares are held by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.

Earnings & Valuation This table compares Farmers & Merchants Bank of Long Beach and Cathay General Bancorp”s gross revenue, earnings per share and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Farmers & Merchants Bank of Long Beach $449.19 million 2.21 $68.35 million $538.20 15.40 Cathay General Bancorp $817.89 million 4.22 $315.12 million $4.54 11.35 Cathay General Bancorp has higher revenue and earnings than Farmers & Merchants Bank of Long Beach. Cathay General Bancorp is trading at a lower price-to-earnings ratio than Farmers & Merchants Bank of Long Beach, indicating that it is currently the more affordable of the two stocks.

Analyst Ratings This is a breakdown of current recommendations and price targets for Farmers & Merchants Bank of Long Beach and Cathay General Bancorp, as provided by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Farmers & Merchants Bank of Long Beach 0 0 0 0 0.00 Cathay General Bancorp 0 3 2 0 2.40 Cathay General Bancorp has a consensus target price of $52.50, suggesting a potential upside of 1.92%. Given Cathay General Bancorp’s stronger consensus rating and higher probable upside, analysts clearly believe Cathay General Bancorp is more favorable than Farmers & Merchants Bank of Long Beach.

Dividends Farmers & Merchants Bank of Long Beach pays an annual dividend of $112.00 per share and has a dividend yield of 1.4%. Cathay General Bancorp pays an annual dividend of $1.52 per share and has a dividend yield of 3.0%. Farmers & Merchants Bank of Long Beach pays out 20.8% of its earnings in the form of a dividend. Cathay General Bancorp pays out 33.5% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years.

Summary Cathay General Bancorp beats Farmers & Merchants Bank of Long Beach on 12 of the 16 factors compared between the two stocks.

About Farmers & Merchants Bank of Long Beach (Get Free Report)

Farmers & Merchants Bank of Long Beach provides various banking products and services to individuals, professionals, and small to medium-sized businesses in Los Angeles, Orange, and Santa Barbara Counties. It offers checking, savings, Christmas club savings, health savings, market rate savings, and money market accounts; demand and time deposits; certificates of deposit; and individual retirement account. The company also provides personal, home, commercial real estate, real estate and construction, and commercial business loans, as well as lines of credit; financing for residential loans comprising single-family and multifamily loans; and credit and debit cards. In addition, it offers account management, receivables and payables, and risk management services; commercial lending services; and faith-based and healthcare banking services, as well as online and mobile banking services. Farmers & Merchants Bank of Long Beach was founded in 1907 and is headquartered in Long Beach, California.

About Cathay General Bancorp (Get Free Report)

Cathay General Bancorp operates as the holding company for Cathay Bank that offers various commercial banking products and services to individuals, professionals, and small to medium-sized businesses in the United States. The company offers various deposit products, including passbook accounts, checking accounts, money market deposit accounts, certificates of deposit, individual retirement accounts, and public funds deposits. It also provides loan products, such as commercial mortgage loans, commercial loans, small business administration loans, residential mortgage loans, real estate construction loans, and home equity lines of credit, as well as installment loans to individuals for household, and other consumer expenditures. In addition, the company offers trade financing, letter of credit, wire transfer, forward currency spot and forward contract, safe deposit, collection, automatic teller machine, Internet banking, investment, and other customary bank services, as well as securities and insurance products. Cathay General Bancorp was founded in 1962 and is headquartered in Los Angeles, California.

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Posted by Defense World Staff on Apr 10th, 2026

Malaga Financial (OTCMKTS:MLGF – Get Free Report) and Cathay General Bancorp (NASDAQ:CATY – Get Free Report) are both finance companies, but which is the superior stock? We will contrast the two companies based on the strength of their dividends, profitability, valuation, institutional ownership, risk, earnings and analyst recommendations.

Institutional and Insider Ownership 1.2% of Malaga Financial shares are held by institutional investors. Comparatively, 75.0% of Cathay General Bancorp shares are held by institutional investors. 4.9% of Cathay General Bancorp shares are held by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company will outperform the market over the long term.

Analyst Recommendations This is a breakdown of current recommendations for Malaga Financial and Cathay General Bancorp, as reported by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Malaga Financial 0 0 0 0 0.00 Cathay General Bancorp 0 3 2 0 2.40 Cathay General Bancorp has a consensus target price of $52.50, suggesting a potential downside of 2.56%. Given Cathay General Bancorp’s stronger consensus rating and higher probable upside, analysts clearly believe Cathay General Bancorp is more favorable than Malaga Financial.

Profitability This table compares Malaga Financial and Cathay General Bancorp’s net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets Malaga Financial N/A N/A N/A Cathay General Bancorp 22.76% 10.89% 1.32% Earnings and Valuation This table compares Malaga Financial and Cathay General Bancorp”s gross revenue, earnings per share and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Malaga Financial N/A N/A $21.55 million $2.18 9.95 Cathay General Bancorp $1.38 billion 2.61 $315.12 million $4.54 11.87 Cathay General Bancorp has higher revenue and earnings than Malaga Financial. Malaga Financial is trading at a lower price-to-earnings ratio than Cathay General Bancorp, indicating that it is currently the more affordable of the two stocks.

Dividends Malaga Financial pays an annual dividend of $1.00 per share and has a dividend yield of 4.6%. Cathay General Bancorp pays an annual dividend of $1.52 per share and has a dividend yield of 2.8%. Malaga Financial pays out 45.9% of its earnings in the form of a dividend. Cathay General Bancorp pays out 33.5% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years.

Risk & Volatility Malaga Financial has a beta of 0.1, suggesting that its share price is 90% less volatile than the S&P 500. Comparatively, Cathay General Bancorp has a beta of 0.82, suggesting that its share price is 18% less volatile than the S&P 500.

Summary Cathay General Bancorp beats Malaga Financial on 14 of the 15 factors compared between the two stocks.

About Malaga Financial (Get Free Report)

Malaga Financial Corporation operates as the holding company for Malaga Bank that provides various community banking products and services to personal and business customers. It offers checking, savings, NOW, and money market accounts, certificates of deposits, business banking, consumer, and demand deposits. The company also provides commercial real estate, single and multi-family residential mortgage, consumer, 14-unit investment property, construction, personal, and business loans; home equity lines of credit; and certificates of deposit. In addition, it offers coupon redemption, direct deposit, overdraft lines of credit, telephone transfers, U.S. savings bond redemption, and wire transfer services; and ATM and VISA debit cards, bank by mail, medallion signature guarantee, night depository, notary, safe deposit boxes, and trust deed note collection services. Further, the company provides online banking services, including bill payer, e-statements, and mobile banking services. The company was incorporated in 2002 and is headquartered in Palos Verdes Estates, California.

About Cathay General Bancorp (Get Free Report)

Cathay General Bancorp operates as the holding company for Cathay Bank that offers various commercial banking products and services to individuals, professionals, and small to medium-sized businesses in the United States. The company offers various deposit products, including passbook accounts, checking accounts, money market deposit accounts, certificates of deposit, individual retirement accounts, and public funds deposits. It also provides loan products, such as commercial mortgage loans, commercial loans, small business administration loans, residential mortgage loans, real estate construction loans, and home equity lines of credit, as well as installment loans to individuals for household, and other consumer expenditures. In addition, the company offers trade financing, letter of credit, wire transfer, forward currency spot and forward contract, safe deposit, collection, automatic teller machine, Internet banking, investment, and other customary bank services, as well as securities and insurance products. Cathay General Bancorp was founded in 1962 and is headquartered in Los Angeles, California.

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All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. But when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.

Cash flow can come from bond interest, interest from other types of investments, and, of course, dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by its dividend yield, a metric that measures the dividend as a percent of the current stock price. Many academic studies show that dividends make up large portions of long-term returns, and in many cases, dividend contributions surpass one-third of total returns.

Headquartered in Los Angeles, Cathay General (CATY - Free Report) is a Finance stock that has seen a price change of 9.4% so far this year. The holding company for Cathay Bank is currently shelling out a dividend of $0.38 per share, with a dividend yield of 2.87%. This compares to the Banks - West industry's yield of 2.84% and the S&P 500's yield of 1.39%.

Looking at dividend growth, the company's current annualized dividend of $1.52 is up 11.8% from last year. Over the last 5 years, Cathay General has increased its dividend 1 times on a year-over-year basis for an average annual increase of 2.11%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. Cathay's current payout ratio is 30%, meaning it paid out 30% of its trailing 12-month EPS as dividend.

CATY is expecting earnings to expand this fiscal year as well. The Zacks Consensus Estimate for 2026 is $5.14 per share, with earnings expected to increase 13.22% from the year ago period.

From greatly improving stock investing profits and reducing overall portfolio risk to providing tax advantages, investors like dividends for a variety of different reasons. However, not all companies offer a quarterly payout.

High-growth firms or tech start-ups, for example, rarely provide their shareholders a dividend, while larger, more established companies that have more secure profits are often seen as the best dividend options. Income investors have to be mindful of the fact that high-yielding stocks tend to struggle during periods of rising interest rates. With that in mind, CATY presents a compelling investment opportunity; it's not only an attractive dividend play, but the stock also boasts a strong Zacks Rank of #2 (Buy).

Cathay General (CATY - Free Report) came out with quarterly earnings of $1.29 per share, beating the Zacks Consensus Estimate of $1.19 per share. This compares to earnings of $0.98 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +8.40%. A quarter ago, it was expected that this holding company for Cathay Bank would post earnings of $1.2 per share when it actually produced earnings of $1.33, delivering a surprise of +10.83%.

Over the last four quarters, the company has surpassed consensus EPS estimates two times.

Cathay, which belongs to the Zacks Banks - West industry, posted revenues of $214.83 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 2.43%. This compares to year-ago revenues of $187.84 million. The company has topped consensus revenue estimates three times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Cathay shares have added about 10.7% since the beginning of the year versus the S&P 500's gain of 3.2%.

What's Next for Cathay?While Cathay has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Cathay was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.16 on $213.6 million in revenues for the coming quarter and $5.14 on $861.6 million in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - West is currently in the top 28% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

One other stock from the same industry, Bay Commercial Bank (BCML - Free Report) , is yet to report results for the quarter ended March 2026.

This company is expected to post quarterly earnings of $0.62 per share in its upcoming report, which represents a year-over-year change of +21.6%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Bay Commercial Bank's revenues are expected to be $25.8 million, up 6.1% from the year-ago quarter.

LOS ANGELES--(BUSINESS WIRE)--Cathay General Bancorp (the “Company”, Nasdaq: CATY), the holding company for Cathay Bank, announced that its Board of Directors has adopted a new share repurchase program authorizing the Company to repurchase up to $150,000,000 of the Company's common stock. The previous $150,000,000 share repurchase program announced on June 4, 2025, was completed on February 4, 2026, with the repurchase of 3,217,481 shares at an average cost of $46.62. The share repurchases may.

Cathay General Bancorp (NASDAQ:CATY) reported what management described as a “solid” start to 2026, posting first-quarter net income of $86.9 million and diluted earnings per share of $1.29. President and CEO Chang Liu said results included two noteworthy items that “largely offset each other”: a $17.3 million valuation gain on equity securities and a $15.7 million impairment on available-for-sale (AFS) debt securities tied to a balance sheet repositioning.

Liu said the securities actions were intended to improve future performance. “We sold lower yielding securities and reinvested at current market rates, a move that supports margin expansion and accelerates tangible book value recovery,” he said. Excluding the two items, Liu added that diluted EPS would have been $0.02 lower.

Net interest margin expands amid deposit cost management Executive Vice President and CFO Al Wang reported net interest margin (NIM) of 3.43%, up 7 basis points from the prior quarter. Net interest income totaled $194.0 million, down $0.8 million from the previous quarter, which Wang attributed to day count effects that were “offset by margin expansion.” Wang said margin improvement was driven by lower deposit costs, partially offset by a decline in loan yields following the Federal Reserve’s rate cuts in the fourth quarter.

During the Q&A, management discussed how its 2026 outlook has shifted. Wang said the company’s NIM and net interest income outlook “no longer assumes any rate cuts in 2026,” but management maintained confidence in achieving its full-year NIM target of 3.40% to 3.50%.

In response to Jefferies analyst David Chiaverini, Wang said that removing assumed rate cuts could “put pressure and point us down slightly,” though the securities repositioning should help by “a few basis points for the year.” Wang also pointed to loan pricing and repricing dynamics, including origination rates in commercial real estate and mortgage lending that were higher than the overall portfolio yield for the quarter. On funding costs, he said the bank still had “room to run” on deposit pricing, but also acknowledged rising brokered CD rates and “a lot more pressure and competition with deposits.”

Wang also provided additional detail on one-time items that affected NIM. Piper Sandler analyst Matthew Clark asked about prepayment and interest recoveries; Wang said those items totaled about $3.5 million in the quarter, representing roughly 6 basis points. He added that reported NIM of 3.43% would have been about 3.37% excluding those items, and noted a small Federal Home Loan Bank special dividend included in that amount.

Securities repositioning: impairment taken, higher yields targeted The company’s AFS portfolio actions featured prominently in management’s remarks. Wang said Cathay recognized a $15.7 million impairment loss as part of a securities repositioning initiative. In the first week of April, the bank sold $210 million of lower-yielding mortgage-backed securities and reinvested $197 million into “similar duration securities at significantly higher yields.”

Wang said the trade was structured with an “earn back under three years” while keeping duration and credit profile “essentially unchanged.” He described the AFS portfolio as “short and high quality,” with duration “just under two years,” and said nearly two-thirds of cash flows would return this year. Wang added that more than 90% of the portfolio is U.S. government-backed, with the remainder in investment-grade securities.

In response to Chiaverini, Wang said the securities sold carried a yield of about 2.45%, while the effective yield on the reinvested securities was around 5.33%. He estimated the repositioning would add roughly 2.0 to 2.5 basis points to NIM for the year and about $4 million of additional net interest income in 2026, given the timing of the transaction early in the year.

Loans, deposits, and capital actions On the balance sheet, Wang said on-balance sheet cash and short-term investments declined by $219 million as the bank stayed aligned with shifts in its funding profile. Period-end loans were $20.2 billion, up 0.2% linked-quarter, while period-end deposits were $20.7 billion, down 1% linked-quarter, led by a $71 million decline in broker deposits.

Management emphasized capital strength and shareholder returns. Liu said Cathay increased its quarterly cash dividend to $0.38 per share, an 11.8% increase. He also said the bank completed a $150 million share repurchase program announced in June 2025 by repurchasing 244,000 shares at an average cost of $51.31. In addition, the board approved a new $150 million repurchase program, subject to regulatory approval.

Liu also highlighted tangible book value per share of $30.95 and said the bank grew book value per share 2% linked-quarter and 9% year-over-year.

Loan growth was “softer than we anticipated,” Liu said, attributing the approach to disciplined underwriting in an “unpredictable” environment. In response to Piper Sandler’s Clark, Liu said construction loan paydowns increased as some customers refinanced with life companies and agency lenders offering more competitive long-term rates. “Our pipelines are still healthy and strong, and the customer engagement has improved,” Liu said, adding that growth is expected to be weighted toward the middle and back half of the year.

Credit trends steady; allowance increased on model updates Management said credit quality remained stable. Liu noted improvements in non-performing loans and net charge-offs, while criticized and classified levels were steady. Wang reported net charge-offs of $2.1 million, down from $5.4 million in the prior quarter, and said the non-performing asset ratio improved to 51 basis points from 59 basis points.

The bank increased its allowance for credit losses by $13 million to $209 million. Wang said coverage was 1.03% of loans, or 1.30% excluding residential mortgages, and attributed the increase to model updates including “a slight softening in the macroeconomic outlook.”

Asked by D.A. Davidson’s Gary Tenner about the reserve build, Wang said the overall model weightings were kept the same, but weightings were changed for certain portfolios. He added that Cathay stressed parts of the office portfolio more heavily, noting the bank’s coastal footprint and the view that national economic forecasts may not fully capture those conditions.

Expenses, fee income, and 2026 outlook Non-interest expense declined to $86.7 million from $92.2 million, driven by $4.5 million of lower amortization expense on low-income housing and alternative energy partnerships, as well as lower compensation and benefits, Wang said. He also explained that Cathay records amortization of tax credit investments in non-interest expense (rather than in income tax expense as many peers do). On an adjusted basis, Wang said non-interest expense would have been $78.7 million, $3 million lower than the prior quarter, and adjusted efficiency ratio improved to 36.9% from 38.4%.

When asked about the tax credit amortization outlook, Wang said it is “a fluid number” depending on project performance and timing, but estimated $7 million to $8 million over the next few quarters.

On fee income, Liu told KBW’s Kelly Motta that core fee strength is “really the sort of the wealth business that drives that income,” while other sources include foreign exchange, international fees, swapping-related fees (which he said can be sporadic depending on the rate environment), and treasury management. Management said it was optimistic wealth management performance could hold, noting “some new leadership in wealth” and a “decent amount of referrals.”

For full-year 2026, Wang reiterated guidance for loan growth of 3.5% to 4.5% and deposit growth of 4% to 5%. Adjusted non-interest expense is still expected to rise 3.5% to 4.5% for the year, and the effective tax rate is expected to be roughly 21%.

In a separate Q&A topic, Wang said proposed capital rule changes could be a “huge win” for Cathay due to its mortgage portfolio with very low loan-to-value ratios. He estimated potential “low double digit” reductions in risk-weighted assets and a 1.50% to 1.75% boost to capital ratios, depending on the ratio.

On M&A, Liu said the bank would remain opportunistic but that it is “not the top priority at this point,” with the focus remaining on organic growth, strengthening the franchise, and meeting financial plans communicated to investors.

About Cathay General Bancorp (NASDAQ:CATY) Cathay General Bancorp is a bank holding company headquartered in Los Angeles, California, trading on NASDAQ under the symbol CATY. Its principal subsidiary, Cathay Bank, provides a full suite of financial services to commercial, institutional and retail clients. As a community-focused institution, the company emphasizes relationship banking and tailored solutions for businesses and individuals.

Founded in 1962 by a group of Chinese American entrepreneurs, Cathay has expanded from a single branch operation in downtown Los Angeles into one of the largest Asian-American banks in the United States.

Featured Stories Five stocks we like better than Cathay General Bancorp

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LOS ANGELES--(BUSINESS WIRE)--Cathay General Bancorp (Nasdaq: CATY) announced that its Board of Directors declared a cash dividend of thirty-eight cents per common share, payable on June 9, 2026, to stockholders of record at the close of business on May 28, 2026. ABOUT CATHAY GENERAL BANCORP Cathay General Bancorp (Nasdaq: CATY) is the holding company for Cathay Bank. Cathay General Bancorp's website is at www.cathaygeneralbancorp.com. Founded in 1962, Cathay Bank offers a wide range of financi.

Compare how expense ratios, yield, and portfolio concentration set these two banking ETFs apart, revealing key factors for cost-conscious investors.

Matador Resources Company (MTDR) Q1 2026 Earnings Call Transcript

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Building a successful investment portfolio takes skill and hard work, no matter if you're a growth, value, income, or momentum-focused investor.

How do you find the right combination of stocks that will generate returns that could fund your retirement, or your kids' college tuition, or your short- and long-term savings goals?

Enter the Zacks Rank.

What is the Zacks Rank?A unique, proprietary stock-rating model, the Zacks Rank uses earnings estimate revisions, or changes to a company's earnings expectations, to help investors create a winning portfolio.

There are four main factors behind the Zacks Rank: Agreement, Magnitude, Upside, and Surprise.

Agreement is the extent to which all brokerage analysts are revising their earnings estimates in the same direction. The greater the percentage of analysts revising their estimates higher, the better chance the stock will outperform.

Magnitude is the size of the recent change in the consensus estimate for the current and next fiscal years.

Upside is the difference between the most accurate estimate, which is calculated by Zacks, and the consensus estimate.

Surprise is made up of a company's last few quarters' earnings per share surprises; companies with a positive earnings surprise are more likely to beat expectations in the future.

Each factor is given a raw score, which is recalculated every night and compiled into the Zacks Rank. Utilizing this data, stocks are put into five different groups: Strong Buy, Buy, Hold, Sell, and Strong Sell.

The Power of Institutional InvestorsThe Zacks Rank also allows individual investors, or retail investors, to benefit from the power of institutional investors.

These professionals manage the trillions of dollars invested in hedge funds, mutual funds, and investment banks, and studies have shown that they can and do move the market because of the large amounts of money they invest with. Thus, the market tends to move in the same direction as institutional investors.

In order to figure out the fair value of a company and its shares, these investors will build valuation models focused on earnings and earnings expectations. Because if you raise estimates for the bottom line, it creates a higher fair value for a company.

Institutional investors will use these changes to help in their decision-making, typically buying stocks with rising estimates and selling those with falling estimates. Higher earnings expectations can translate into a rise in stock price and bigger gains for the investor.

Retail investors who get in at the first sign of upward revisions have a distinct advantage over larger investors since it can often take weeks, if not months, for an institutional investor to build a position. They'll also benefit from the expected institutional buying that could follow.

Not only can the Zacks Rank help you take advantage of trends in earnings estimate revisions, but it can also provide a way to get into stocks that are highly sought after by professionals.

How to Invest with the Zacks RankThe Zacks Rank is known for transforming investment portfolios. In fact, a portfolio of Zacks Rank #1 (Strong Buy) stocks has beaten the market in 26 of the last 32 years, with an average annual return of +23.7%.

Moreover, stocks with a new #1 (Strong Buy) ranking have some of the biggest profit potential, while those that fell to a #4 (Sell) or #5 (Strong Sell) have some of the worst.

Let's take a look at Matador Resources (MTDR - Free Report) , which was added to the Zacks Rank #1 list on April 9, 2026. Headquartered in Dallas, TX, Matador Resources Company is among the leading oil and gas explorer in the shale and unconventional resources in the United States. The company’s upstream operations are primarily concentrated in the in the Delaware and Midland basins — two sub-basins of Permian — and South Texas’ Eagle Ford shale. The company, founded in 1983, also operates in the Cotton Valley and Haynesville shale resources.

Eight analysts revised their earnings estimate upwards in the last 60 days for fiscal 2026. The Zacks Consensus Estimate has increased $2.59 to $7.42 per share. MTDR boasts an average earnings surprise of 19%.

Analysts are expecting earnings to grow 305.5% for the current fiscal year, with revenue forecasted to rise 10.7%.

Even more impressive, MTDR has gained in value over the past four weeks, up 8.5% compared to the S&P 500's gain of 5.6%.

Bottom LineWith a #1 (Strong Buy) ranking, positive trend in earnings estimate revisions, and strong market momentum, Matador Resources should be on investors' shortlist.

If you want even more information on the Zacks Ranks, or one of our many other investing strategies, check out the Zacks Education home page.

Discover Today's Top StocksOur private Zacks #1 Rank List, based on our quantitative Zacks Rank stock-rating system, has more than doubled the S&P 500 since 1988. Applying the Zacks Rank in your own trading can boost your investing returns on your very next trade. See Today's Zacks #1 Rank List >>

Oil and gas firm Matador Resources said on Thursday it has ​acquired 5,154 net undeveloped acres in ‌the core of the Delaware Basin in southeast New Mexico for about $1.1 ​billion, strengthening its position in ​the region and the prolific ⁠shale play.

Key Takeaways SM Energy expanded across four shale basins after closing the all-stock Civitas merger in January 2026.SM raised expected merger synergies to $375M by 2026-end from the original $200M target.SM expects higher oil prices and merger synergies to drive free cash flow and buybacks. SM Energy (SM - Free Report) is an independent oil and gas company with its operations focused on premier shale basins in the United States. The company’s all-stock merger with Civitas Resources, which closed on Jan. 30, 2026, expanded its scale and positioned it as a leading operator of a diversified asset base across four premier shale basins. It owns 237,000 net acres in the Permian, 303,000 net acres in the DJ Basin, 94,000 net acres in South Texas and 62,000 net acres in the Uinta Basin, providing exposure to high-margin basins with an oil-weighted production.

Management mentioned in its recent earnings call that following the closure of the Civitas merger, the company now boasts a high-quality, multi-year inventory of high-return drilling opportunities, which is expected to support future production growth. Additionally, the company highlighted that the Civitas merger synergies are exceeding expectations. SM has already actioned approximately $300 million of merger synergies and revised its annual synergy target to $375 million by 2026-end, almost doubling the original estimate of $200 million.

The Civitas merger has also strengthened SM’s production and cash flow outlook, particularly amid the current favorable commodity pricing environment. Per the data from oilprice.com, the West Texas Intermediate crude price is currently trading above $95 per barrel, which is expected to boost SM’s earnings and cash flows. The company highlighted that, among other factors, stronger commodity prices and rising merger synergies should support higher free cash flow generation and enhanced shareholder returns through increased share repurchases.

Upstream Players Benefit From High Oil PricesMatador Resources (MTDR - Free Report) is primarily involved in exploration and production activities, particularly in the prolific Delaware Basin of the United States. The company intends to grow its oil production by 3% in 2026, and its upcoming wells are expected to deliver returns of more than 50%, with production potential exceeding one million barrels of oil equivalent each, setting it up for strong growth into 2026. Since the company’s overall production is mainly oil-weighted, MTDR is expected to significantly benefit from rising crude prices.

EOG Resources’ (EOG - Free Report) upstream production is supported by highly productive acreages in premier oil shale plays like the Permian and Eagle Ford. The company boasts numerous untapped high-quality drilling sites, which strengthen its production outlook and lower risk profile. Since the company’s production is weighted toward crude oil and condensate, EOG is anticipated to benefit from the current commodity pricing scenario.

SM's Price Performance, Valuation & EstimatesSM Energy’s shares have jumped 46% over the past year compared with the 21.3% improvement of the composite stocks belonging to the industry.

Image Source: Zacks Investment Research

From a valuation standpoint, SM trades at a trailing 12-month enterprise value to EBITDA (EV/EBITDA) of 5.95X. This is below the broader industry average of 11.84X.

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for SM’s 2026 earnings has been revised upward over the past seven days. 

Image Source: Zacks Investment Research

SM currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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DALLAS--(BUSINESS WIRE)--Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) will hold its 2026 Annual Meeting of Shareholders on Thursday, June 11, 2026, at 9:30 a.m. Central Time.

The Annual Meeting will be held at Hilton Dallas Lincoln Centre, 5410 LBJ Freeway, Dallas, Texas 75240. A continental breakfast will be provided beginning at 8:30 a.m. Central Time to provide shareholders with the opportunity to meet and interact with directors, management and employees before and after the formal meeting.

The Annual Meeting will be webcast live. To access the live webcast, you can use the following link https://onlinexperiences.com/scripts/Server.nxp?LASCmd=AI:4;F:QS!10100&ShowUUID=30D1B3D3-F11A-471B-953B-04F76B0F4210 or visit the Events and Presentations page located under the Investor Relations tab on Matador’s website at www.matadorresources.com.

About Matador Resources Company

Matador is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. Its current operations are focused primarily on the oil and liquids-rich portion of the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas. Matador also operates in the Haynesville shale and Cotton Valley plays in Northwest Louisiana. Additionally, Matador conducts midstream operations in support of its exploration, development and production operations and provides natural gas processing, oil transportation services, natural gas, oil and produced water gathering services and produced water disposal services to third parties.

For more information, visit Matador Resources Company at www.matadorresources.com.

More News From Matador Resources Company

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DALLAS--(BUSINESS WIRE)--Matador Resources Company (NYSE: MTDR) (“Matador”) today announced that it has entered into multiple agreements with affiliates of Energy Transfer LP (“ET”), including a gas supply agreement. This transaction is an additional step taken by Matador's marketing team to improve all-in pricing netbacks and reduce exposure to Waha Hub pricing in the second half of 2026. In addition to this gas supply agreement, Matador has executed separate natural gas liquid (“NGL”) agreeme.

Key Takeaways Matador signed natural gas supply and NGL marketing agreements with Energy Transfer affiliates.The deals support better natural gas price realizations for MTDR ahead of ET's Hugh Brinson Pipeline startup.MTDR secured 500 BBtu/d of transport capacity on the Hugh Brinson pipeline to access higher-priced markets. Matador Resources Company (MTDR - Free Report) announced multiple agreements with affiliates of Energy Transfer LP (ET - Free Report) aimed at improving natural gas price realizations and reducing the exposure to the historically weak Waha Hub pricing in the Permian Basin in the second half of 2026. The agreements with ET affiliates include a natural gas supply arrangement and separate natural gas liquid (NGL) marketing agreements designed to dedicate and sell NGLs produced from multiple Delaware Basin sources to Energy Transfer affiliates.

On Oct. 30, 2025, Matador secured firm transportation capacity of 500 billion British thermal units per day (BBtu/d) on Energy Transfer's Hugh Brinson Pipeline to transport natural gas from the Permian Basin to higher-priced markets. Since the Hugh Brinson pipeline is not yet operational, MTDR entered a gas supply agreement with Energy Transfer to bridge the gap. The arrangement will enable Matador to sell part of its natural gas at better prices in the second half of 2026, increasing revenues and cash flow. At the same time, Energy Transfer will use some of this natural gas to meet the surging power requirements of AI-driven data centers and power generation markets.

Management expects the arrangements to strengthen the ties between MTDR and ET as well as increase the value of its natural gas production until the Hugh Brinson Pipeline begins operations. It is also positioning the company to benefit from rising LNG exports and growing electricity demand from AI-driven data centers.

Matador and Energy Transfer currently carry a Zacks Rank #3 (Hold).

The U.S. Energy Information Administration’s short-term energy outlook predicts that U.S. LNG exports will grow from 15.1 billion cubic feet per day (Bcf/d) in 2025 to 18.2 Bcf/d in 2027. This substantial growth in LNG export volumes will increase natural gas demand, thereby benefiting Chevron Corporation (CVX - Free Report) , YPF Sociedad Anónima (YPF - Free Report) and Matador, which deal with the production of natural gas, as well as Energy Transfer, which handles transportation of natural gas.

CVX currently has a Zacks Rank #2 (Buy), whereas YPF sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Chevron is a leading integrated energy giant with a strong presence in the Permian Basin. Driven by strong upstream performance and continued growth across its resource base, CVX achieved first-quarter 2026 international net oil-equivalent production of 1.8 million barrels of oil equivalent per day, up from the prior-year period.

YPF is driving production growth by maximizing its core assets in Argentina’s Vaca Muerta. YPF plans to scale up operational activities in the coming quarters to increase oil and gas output in the second half of 2026.

Key Takeaways CEOs of MTDR, WCN, and CELH have all recently acquired shares. Insider buys can provide a solid sentiment gauge concerning the longer-term outlook of a stock. Many strict rules apply to insiders, who also have a longer holding period than most. Investors closely monitor insider buys, as they can often be a decent gauge of sentiment regarding a stock's long-term outlook.

But it’s critical to note that insiders have longer holding periods than most, and that many strict rules apply to their transactions.

Recently, CEOs of several companies – Waste Connections (WCN - Free Report) , Matador Resources (MTDR - Free Report) , and Celsius (CELH - Free Report) – have made splashes, acquiring shares. Let’s take a closer look at the transactions for those interested in trading like the insiders.

Celsius CEO Makes SplashCelsius develops, markets, manufactures, and distributes functional energy and wellness beverages in the United States and internationally. Shares have had a tough showing in 2026 so far, down roughly 40%.

 The CEO may have seen a small window of opportunity given the weakness in shares, acquiring roughly 8.5k CELH shares at an overall transaction value of just under $250k. While the weakness is hard to ignore, positive EPS revisions for its current and next fiscal years show nice positivity.

Image Source: Zacks Investment Research

MTDR Sees Positive Revisions Matador Resources is among the leading oil and gas explorers in shale and other unconventional resources in the United States. The CEO has recently made a few separate purchases over the last few weeks, acquiring roughly 5.1k MTDR shares overall at a transaction value of roughly $270k.

Both quarterly and annual EPS estimates have seen bullish revisions thanks to the favorable environment Matador Resources has found itself in concerning the energy landscape, with shares also up an impressive 30% YTD.

Image Source: Zacks Investment Research

Waste Connections Pays ShareholdersThe CEO of Waste Connections recently dove in with a sizable 50k share purchase, with the overall transaction value coming in at roughly $7.6 million. They now hold just over 300k WCN shares, with the recent purchase increasing their position by a fairly large margin.

Sales growth has remained steady over recent years, with the company also showing a strong commitment to increasingly rewarding shareholders, boasting an 11.5% five-year annualized dividend growth rate.

Below is a chart illustrating the company’s dividends per share on an annual basis. Please note that the most recent value is currently calculated on a trailing twelve-month basis, as its FY26 has just recently gotten underway.

Image Source: Zacks Investment Research

Bottom Line

Many investors closely monitor insider buys, looking to receive insights into the longer-term picture. The transactions shouldn’t be relied on for near-term performance, as insiders’ holding periods are longer than most, and many strict rules apply.

Rather, investors can see insider buys as an overall net positive concerning the longer-term outlook.

All stocks above – Waste Connections (WCN - Free Report) , Matador Resources (MTDR - Free Report) , and Celsius (CELH - Free Report)  – have seen recent insider activity.

Congress Asset Management Co. boosted its position in shares of PJT Partners Inc. (NYSE: PJT) by 9.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 583,926 shares of the financial services provider's stock after purchasing an additional 52,548 shares during the quarter.

PJT Partners hit restructuring records without economic trauma in the backdrop, and Park Hill broke records against tough comps to support consistent growth in Q4. Recent geopolitical tensions, particularly the Iran War, threaten higher cost of capital conditions, potentially dampening M&A and sponsor activity but supporting restructuring and secondaries. PJT has traded in line with peers more exposed to the macro and financial threats from the Iran War, but on the other hand trades at twice MC's trailing PE.

NEW YORK--(BUSINESS WIRE)--PJT Partners Inc. (“PJT Partners”) (NYSE:PJT) announced that it expects to release its first quarter 2026 financial results on Tuesday morning, April 28, 2026. The earnings release will be available through the Investor Relations section of the PJT Partners website at https://www.pjtpartners.com. PJT Partners will host a conference call on Tuesday, April 28, 2026, at 8:30 a.m. ET with access available via webcast and telephone. Paul J. Taubman, Chairman and Chief Exec.

NEW YORK--(BUSINESS WIRE)--PJT Partners Inc. (the “Company,” “PJT Partners,” “we,” “us" or “our”) (NYSE: PJT) today announced its financial results for the first quarter ended March 31, 2026. Revenues and Expenses The following table sets forth information relating to the Company's revenues and expenses for the three months ended March 31, 2026 and 2025:     Three Months Ended March 31,     GAAP   As Adjusted     2026     2025     Change   2026     2025     Change     (Dollars in Millions)    .