India, Oct. 21 -- Cathay General Bancorp (CATY) on Wednesday reported third-quarter net income of $95.2 million, or $1.43 per share, compared with $77.7 million, or $1.13 per share, in the year-ago quarter.
Net interest income before provision for credit losses rose 11.7% year over year to $211.9 million from $189.6 million. Net interest margin expanded to 3.52% from 3.31% a year earlier.
The company recorded a provision for credit losses of $28.6 million, compared with $28.7 million in the prior-year quarter.
googletag.cmd.push(function() { googletag.display('div-gpt-ad-1568189509843-0'); });
Non-interest income increased to $42.8 million from $21.0 million a year earlier, driven in part by higher gains on equity securities.
"Our thir...