Why is Cathay General Bancorp (CATY) stock soaring today

Shares of regional bank Cathay General Bancorp (NASDAQ:CATY) jumped 5.6% in the afternoon session after the company reported third-quarter 2026 revenue above consensus estimates, supported by record net interest income. According to the company’s press release, Cathay General reported net income of $95.2 million, or $1.43 a diluted share, up from $92.2 million, or $1.37, in the prior quarter. Revenue of $254.65 million topped the $227.39 million consensus, while diluted earnings came in 2 cents