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CATHAY BANCORP ANNOUNCES THIRD QUARTER EARNINGS

 CATHAY BANCORP ANNOUNCES THIRD QUARTER EARNINGS
 LOS ANGELES, Nov. 6 /PRNewswire/ -- Cathay Bancorp Inc.,


(NASDAQ: CATY) the holding company of Cathay Bank, today announced its 1992 third quarter net income of $2,433,000, or $0.32 per share, compared with $2,558,000, or $0.34 per share for the third quarter of 1991. The year-to-date net income reached $7,471,000, or $.99 per share, vs. $7,430,000, or $1 per share a year ago.
 Total assets as of Sept. 30, 1992, increased to $819,296,000, up 12 percent from $728,348,000 a year ago. Loans, after allowance for loan losses, increased to $601,358,000, up 15 percent from $524,103,000 a year ago, while deposits rose 14 percent to $736,262,000, from $647,693,000. Stockholders' equity was up 12 percent from $65,773,000 as of Sept. 30, 1991, to $73,830,000 as of Sept. 30, 1992.
 Cathay Bancorp Inc. is the one-bank holding company for Cathay Bank. The bank now operates nine branches in Southern California, two branches in Northern California, and two overseas offices in Taiwan and Hong Kong.
 CATHAY BANCORP INC.
 (Unaudited)
 (Amounts in thousands, except per share data)
 Third Qtr Third Qtr YTD YTD
 1992 1991 Sept. 30, Sept. 30,
 1992 1991
 Net interest
 income $8,699 $8,043 $25,179 $23,326
 Provision for
 loan losses 863 301 1,892 766
 Net interest
 income after
 provision for
 loan losses 7,836 7,742 23,287 22,560
 Non-interest
 income 1,823 1,014 4,771 2,865
 Non-interest
 expense 5,596 4,683 15,890 13,534
 Income before
 income tax
 expense 4,063 4,073 12,168 11,891
 Income tax
 expense 1,630 1,515 4,697 4,461
 Net income 2,433 2,558 7,471 7,430
 Net income per
 common share 0.32 0.34 0.99 1.00
 CATHAY BANCORP INC.
 Financial Ratios
 (Unaudited)
 Sept. 30,
 1992 1991
 Return on average stockhoders'
 equity 14.27 pct 16.00 pct
 Return on average assets 1.29 pct 1.46 pct
 Equity capital to assets 9.01 pct 9.03 pct
 CATHAY BANCORP INC.
 (Unaudited)
 Sept. 30,
 1992 1991
 Total assets $819,296 $728,348
 Net loans 601,358 524,103
 Allowance for loan losses 5,597 5,163
 Total deposits 736,262 647,693
 Stockholders' equity 73,830 65,773
 Book value per share 9.72 8.80
 -0- 11/6/92
 /CONTACT: Monica Chen of Cathay Bancorp, 213-625-4749/
 (CATY) CO: Cathay Bancorp ST: California IN: FIN SU: ERN


BP-EH -- LA011 -- 8201 11/06/92 13:11 EST
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Date:Nov 6, 1992
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