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CATHAY BANCORP ANNOUNCES FIRST QUARTER EARNINGS AND A 6-FOR-5 STOCK SPLIT

 CATHAY BANCORP ANNOUNCES FIRST QUARTER EARNINGS
 AND A 6-FOR-5 STOCK SPLIT
 LOS ANGELES, April 20 /PRNewswire/ -? Cathay Bancorp Inc. (NASDAQ: CATY), the holding company of Cathay Bank, today announced first quarter 1992 net income of $2,500,000, or $0.40 per share, compared with $2,369,000, or $0.38 per share for the first quarter of 1991.
 Cathay Bancorp Chairman Gerald T. Deal said, "The board always recognizes the importance of enhancing stockholders' value and in view of the consistent earnings stream of the Bancorp for the last two years, the board is pleased to be able to declare a 6-for-5 stock split, in the 30th anniversary year of Cathay Bank, to stockholders of record as of May 1, 1992."
 With assets of $750 million, Cathay Bancorp Inc. is the one-bank holding company for Cathay Bank. The bank operates two branches in Northern California, seven branches in Southern California and two overseas offices in Taiwan and Hong Kong, respectively.
 CATHAY BANCORP INC.
 Financial Highlights
 (Amounts in thousands except per share data)
 (Unaudited)
 Year to Date
 March 31,
 1992 1991
 Net interest income $7,807 $7,344
 Provision for loan losses 652 180
 Net interest income after
 provision for loan losses 7,155 7,164
 Non-interest income 1,783 884
 Non-interest expense 4,914 4,198
 Income before income tax expense 4,024 3,850
 Income tax expense 1,524 1,481
 Net income 2,500 2,369
 Net income per common share 0.40 0.38
 Financial Ratios (Annualized)
 Return on average stockholders' equity 14.49 pct 15.61 pct
 Return on average assets 1.35 pct 1.46 pct
 Equity capital to assets 9.36 pct 9.49 pct
 (Unaudited)
 March 31, March 31,
 1992 1991
 Total assets $749,579 $648,874
 Net loans 553,819 478,029
 Allowance for loan losses 5,828 5,049
 Total deposits 664,114 578,727
 Stockholders' equity 70,198 61,546
 Book value per share 11.15 9.98
 -0- 4/20/92
 /CONTACT: Monica Chen of Cathay Bancorp, 213-625-4749/
 (CATY) CO: Cathay Bancorp ST: California IN: FIN SU: ERN


CH -- LA014 -- 9907 04/20/92 09:42 EDT
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Date:Apr 20, 1992
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