EXHIBIT 12.1
CATHAY GENERAL BANCORP AND SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges and Preferred Stock Dividends
|
| For the three months |
| For the years ended December 31, |
| |||||||||||||||||
(Dollars in thousands, except ratios) |
| 2017 |
| 2016 |
| 2016 |
| 2015 |
| 2014 |
| 2013 |
| 2012 |
| |||||||
Income (Loss) before income tax expense |
| $ | 69,446 |
| $ | 68,838 |
| $ | 242,200 |
| $ | 221,096 |
| $ | 219,795 |
| $ | 194,170 |
| $ | 184,171 |
|
Plus fixed charges |
| 19,625 |
| 20,866 |
| 84,808 |
| 77,297 |
| 78,864 |
| 85,093 |
| 111,155 |
| |||||||
Earnings |
| 89,071 |
| 89,704 |
| 327,008 |
| 298,393 |
| 298,659 |
| 279,263 |
| 295,326 |
| |||||||
Fixed charges |
| 19,625 |
| 20,866 |
| 84,808 |
| 77,297 |
| 78,864 |
| 85,093 |
| 111,155 |
| |||||||
Preferred stock dividends |
| — |
| — |
| — |
| — |
| — |
| 10,277 |
| 17,093 |
| |||||||
Fixed charges and preferred stock dividends |
| $ | 19,625 |
| $ | 20,866 |
| $ | 84,808 |
| $ | 77,297 |
| $ | 78,864 |
| $ | 95,370 |
| $ | 128,248 |
|
Ratio of earnings to fixed charges and preferred dividends |
| 4.54 |
| 4.30 |
| 3.86 |
| 3.86 |
| 3.79 |
| 2.93 |
| 2.30 |
|