Heng Chen - Cathay General CFO

CATY Stock  USD 52.01  0.30  0.57%   

CFO

Mr. Heng W. Chen is Chief Financial Officer, Executive Vice President, Treasurer of the Company and Executive Vice President, Chief Financial Officer of the Bank. He was Executive Vice President, Chief Financial Officer, and Treasurer of Bancorp and Executive Vice President of Cathay Bank since 2003, and Chief Financial Officer of Cathay Bank since 2004. He was Vice President and Chief Financial Officer of Cathay Real Estate Investment Trust from 2003 to 2013 and was a Director, Vice President, and Chief Financial Officer of GBC VC, Inc. since 2003. Prior to joining Bancorp, Mr. Chen had over 25 years of experience in the areas of finance, accounting, and banking at City National Bank, City National Corporationrationration, and at Price Waterhouse since 2004.
Age 71
Tenure 20 years
Professional MarksMBA
Address 777 North Broadway, Los Angeles, CA, United States, 90012
Phone213 625 4700
Webhttps://www.cathaygeneralbancorp.com
Chen was formerly a Certified Public Accountant and received a MBA degree.

Cathay General Management Efficiency

The company has return on total asset (ROA) of 0.0125 % which means that it generated a profit of $0.0125 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.1054 %, meaning that it created $0.1054 on every $100 dollars invested by stockholders. Cathay General's management efficiency ratios could be used to measure how well Cathay General manages its routine affairs as well as how well it operates its assets and liabilities. Return On Capital Employed is likely to rise to 0.03 in 2024, whereas Return On Tangible Assets are likely to drop 0.01 in 2024. At this time, Cathay General's Total Assets are fairly stable compared to the past year. Non Current Assets Total is likely to rise to about 23.2 B in 2024, whereas Other Assets are likely to drop slightly above 18.2 M in 2024.
Cathay General Bancorp currently holds 709.72 M in liabilities with Debt to Equity (D/E) ratio of 0.08, which may suggest the company is not taking enough advantage from borrowing. Note, when we think about Cathay General's use of debt, we should always consider it together with its cash and equity.

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Cathay General Bancorp operates as the holding company for Cathay Bank that offers various commercial banking products and services to individuals, professionals, and small to medium-sized businesses in the United States. The company was founded in 1962 and is headquartered in Los Angeles, California. Cathay Genl operates under BanksRegional classification in the United States and is traded on NASDAQ Exchange. It employs 1156 people. Cathay General Bancorp (CATY) is traded on NASDAQ Exchange in USA. It is located in 777 North Broadway, Los Angeles, CA, United States, 90012 and employs 1,246 people. Cathay General is listed under Regional Banks category by Fama And French industry classification.

Management Performance

Cathay General Bancorp Leadership Team

Elected by the shareholders, the Cathay General's board of directors comprises two types of representatives: Cathay General inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Cathay. The board's role is to monitor Cathay General's management team and ensure that shareholders' interests are well served. Cathay General's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Cathay General's outside directors are responsible for providing unbiased perspectives on the board's policies.
Dunson Cheng, Chairman, CEO and President Chairman of Investment Committee, Member of Risk Committee, Chairman of Cathay Bank, CEO of Cathay Bank and President of Cathay Bank and President of Cathay Real Estate Investment Trust and Trustee of Cathay Real Estate Investment Trust
Heng Chen, CFO, Principal Accounting Officer, Executive VP, Treasurer, CFO of Cathay Real Estate Investment Trust, CFO of Cathay Bank, Executive VP of Cathay Bank and VP of Cathay Real Estate Investment
Thomas Lo, Executive Officer
Chang Liu, COO of the Bank
May Chan, General VP
Georgia Lo, Assistant Relations
Weston Barkwill, Chief Auditor

Cathay Stock Performance Indicators

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