CATY CATHAY GENERAL BANCORP

Did the company actually spend money buying back stock in 3+ of the last 4 quarters?

Bought back stock in 4/4 quarters. Q3 2023: $46M, Q2 2023: $31M, Q1 2023: $33M, Q3 2022: $37M

Is the most recent quarter's buyback spend more than 15% above the trailing average?

Latest quarter $46M vs trailing avg $34M (+38%)

What percentage of free cash flow is going to buybacks? Bull: 30%+. Bear: negative FCF or no buybacks.

Buyback $147M / FCF $850M = 17% of FCF

How fast are they shrinking the float? Bull: 2%+ annually. Bear: under 0.5%.

Repurchased 1,500,360 shares = 2.2% of 67,200,126 outstanding (annualized)

Are officers and directors buying stock with their own money on the open market?

No insider open-market purchases in the last 12 months

Are both company buybacks and insider buying independently active? Bull when the company is buying back stock in 2+ quarters and insiders have made 2+ open-market purchases.

Need both buyback and insider purchase data

Over the last 90 days, are insiders net buyers or net sellers on the open market?

Insiders bought $0M, sold $1M in the last 90 days (net selling)

Active buyback + insiders net selling 3x+ more than buying. Company cash may be supporting price while insiders exit.

Company buying back stock while insiders sold 4470293.2x more than bought. 2 C-suite officers among sellers

• Liu Chang (President & CEO) sold 4,836 shares on 2026-04-06
• Lo Thomas M. (EVP, Chief Admin Officer) sold 1,000 shares on 2026-01-29
• Liu Chang (President & CEO) sold 5,165 shares on 2025-10-28
• Lo Thomas M. (EVP, Chief Admin Officer) sold 1,000 shares on 2025-10-27
• Lo Thomas M. (EVP, Chief Admin Officer) sold 729 shares on 2025-05-12