Cathay General Bancorp Launches $150M Share Buyback

Cathay General Bancorp's board approved a new $150 million share repurchase program.
The previous $150 million program concluded on Feb 4, repurchasing 3,217,481 shares at an average $46.62 per share.
The new buyback may be executed via open‑market or private deals, with timing, price and volume at management’s discretion.
As of the announcement, Cathay General Bancorp has roughly 67.06 million shares outstanding and can suspend or modify the program.