Cathay General Bancorp (NASDAQ:CATY) Q4 2014 Earnings Conference Call - Final Transcript

Jan 21, 2015 • 06:00 pm ET


Cathay General Bancorp (NASDAQ:CATY) Q4 2014 Earnings Conference Call - Final Transcript


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Good afternoon, ladies and gentlemen, and welcome to the Cathay General Bancorp Fourth Quarter 2014 Earnings Conference Call. My name is Chris, and I will be your conference moderator for today. At this time, all participants are in listen-only mode. Following the prepared remarks, there will be a question-and-answer session. [Operator Instructions] Today's call is being recorded and will be available for replay at

And now, I would like to turn the call over to Monica Chen, Investor Relations for Cathay General Bancorp. Ma'am, you may proceed.

Monica Chen

Thank you, Chris, and good afternoon. Here to discuss the financial results today are Mr. Dunson Cheng, our Chairman of the Board, President and Chief Executive Officer; and Mr. Heng Chen, our Executive Vice President and Chief Financial Officer.

Before we begin, we wish to remind you that the speakers of this call may make forward-looking statements within the meaning of the applicable provisions of the Private Securities Litigation Reform Act of 1995 concerning future results and events, and these statements are subject to certain risks and uncertainties that could cause actual results to differ materially. These risks and uncertainties are further described in the company's annual report on Form 10-K for the year ended December 31, 2013, at Item 1A in particular, and in other reports and filings with the Securities and Exchange Commission from time to time.

As such, we caution you not to place undue reliance on such forward-looking statements which speak only as of the date of this presentation. We undertake no obligation to update any forward-looking statements or to publicly announce any revision of any forward-looking statements to reflect future developments or events, except as required by law.

We would also like to inform you that Cathay will be filing a Form S-4 registration statement that will include perspectives of Cathay in the Proxy Statement of Asia Bancshares regarding the merger we announced this morning. You are urged to read this document when it comes available, because it will contain important information about the merger. In addition, Cathay and Asia Bancshares, and their directors and officers maybe deemed to be participating in the solicitation of practice in favor of the proposed merger.

You can find information about Cathay directors and executive officers in our Proxy Statement filed with the SEC. You may obtain a copy of these documents when they become available through the SEC's Web site, Cathay's Web site, or by requesting a copy from our Investor Relations department. This afternoon, Cathay General Bancorp issued an earnings release outlining its fourth quarter 2014 results. To obtain a copy, please visit our Web site at After comments by management today, we will open up this call for questions.

I will now turn the call over to our Chairman of the Board, President and CEO, Mr. Dunson Cheng.

Dunson Cheng

Thank you, Monica, and good afternoon. Welcome to our 2014 fourth quarter earnings conference call. This morning before the market opened, we announced the merger of Asia Bancshares of New