Earnings of Cathay General Bancorp (NASDAQ: CATY) increased to $0.68 per share in the second quarter from $0.59 per share in the first quarter of 2020. The earnings increase was attributable to higher gains on securities. Earnings will likely decline in the remainder of the year because the upcoming adoption of the new accounting standard for credit losses will push up the provision expense. Further, non-interest income will decline sequentially as gains on securities will likely normalize. Meanwhile, net interest income will likely remain mostly unchanged from the second quarter’s level. I’m expecting earnings