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Cathay General Bancorp (Nasdaq:CATY) announced results for the third quarter of 2011. * Improved profitability - Third quarter net income was $26.1 million compared to net income of $24.3 million in the second quarter of 2011 and net income of $17.3 million in the same quarter a year ago. Strong growth in commercial loans - Commercial loans increased $183.9 million during the third quarter of 2011 and $379.9 million during the nine months of 2011. Decline in non-accrual loans - At September 30, 2011, total non-accrual portfolio loans, excluding non-accrual loans held for sale, were $192.7 million, an decrease of $49.6 million, or 20.5%, from $242.3 million at December 31, 2010, and a decrease of $63.7 million, or 24.8%, from $256.4 million at June 30, 2011. Net income available to common stockholders for the quarter ended September 30, 2011, was $22.0 million, an increase of $8.8 million compared to a net income available to common stockholders of $13.2 million for the same quarter a year ago.

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