- The high level of existing loan loss reserves will likely keep the provisioning requirement low in the coming quarters.
- The upcoming maturity of expensive Certificates of Deposits will likely lift the net interest margin.
- Credit risk is down as only 4% of total loans were under modifications at the end of the last quarter, as opposed to 14% at the end of June 2020.
- The target price for next year suggests a high upside from the current market price.
For further details see:
Cathay General Bancorp: Earnings Outlook Is Positive, Further Price Upside Possible