In the Q2, Cathay General Bancorp's corporate clients experienced a reduction by -6.28 % in their costs of revenue, compared to a year ago, sequentially costs of revenue grew by 11.66 %. During the corresponding time, Cathay General Bancorp recorded a revenue increase by 13.83 % year on year, sequentially revenue grew by 7.34 %. While revenue at the Cathay General Bancorp's corporate clients recorded rose by 1.06 % year on year, sequentially revenue grew by 20.16 %.
Customers of Cathay General Bancorp saw their costs of revenue decrease by -6.28 % in Q2 compare to a year ago, sequentially costs of revenue grew by 11.66 %, for the same period Cathay General Bancorp recorded revenue increase by 13.83 % year on year, sequentially revenue grew by 7.34 %.
Cathay General Bancorp's Comment on Sales, Marketing and Customers
Cathay Bank was incorporated under the laws of the State of California on August
22, 1961, is licensed by the California Department of Business Oversight (“DBO”)
(previously known as the California Department of Financial Institutions or California
State Banking Department), and commenced operations as a California state-chartered
bank on April 19, 1962. Cathay Bank is an insured bank under the Federal Deposit
Insurance Act by the FDIC, but it is not a member of the Federal Reserve.
Cathay General Bancorp’s Comment on Sales, Marketing and Customers
Cathay Bank was incorporated under the laws of the State of California on August
22, 1961, is licensed by the California Department of Business Oversight (“DBO”)
(previously known as the California Department of Financial Institutions or California
State Banking Department), and commenced operations as a California state-chartered
bank on April 19, 1962. Cathay Bank is an insured bank under the Federal Deposit
Insurance Act by the FDIC, but it is not a member of the Federal Reserve.
Sources:
Cathay General Bancorp’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Cathay General Bancorp’s corporate clients.
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