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    Andrew Steven Leischner • KBW

    Andrew Steven Leischner's questions to Cathay General Bancorp (CATY) leadership

    Andrew Steven Leischner's questions to Cathay General Bancorp (CATY) leadership • Q1 2025

    Question

    Andrew Steven Leischner, on behalf of Chris McGratty, inquired about the net interest margin's sensitivity to potential interest rate cuts, the spot deposit cost at the end of the quarter, and the average margin for the month of March.

    Answer

    EVP and CFO Heng Chen explained that each 25 basis point rate cut would positively impact the full-year net interest margin (NIM) by approximately 4 basis points. He stated that the average margin for March was 3.39% (or 3.21% excluding interest recoveries) and the spot rate for total interest-bearing deposits was 3.36% as of March 31, 2025.

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    Andrew Steven Leischner's questions to Fulton Financial Corp (FULT) leadership

    Andrew Steven Leischner's questions to Fulton Financial Corp (FULT) leadership • Q1 2025

    Question

    Andrew Steven Leischner, on behalf of Chris McGratty, questioned the lack of a more active share buyback program given the stock's valuation and strong capital levels. He also asked about the expected growth pace of the investment portfolio.

    Answer

    Chairman and Executive Officer Curtis Myers reiterated the capital priority is supporting organic growth, but acknowledged buybacks are sensible in the current environment, noting a small purchase of 30,000 shares in Q1. Chief Financial Officer Rick Kraemer stated that reinvesting monthly cash flows of $40-$50 million is the priority for the securities portfolio, with further growth being market-dependent and likely to slow.

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