East West Bancorp (EWBC) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price chan ...

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? East West Bancorp (EWBC) , which belongs to the Zacks Banks - West industry, could be a great candidate to consider. This bank holding company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 5.44%. Price and EPS Surprise The Zacks Earnings ESP ...

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East West Bancorp, Inc. (EWBC) remains well-poised for growth on the back of decent loan growth, low-cost deposits, higher rates and diversified fee income streams. However, elevated expenses and weak asset quality are major headwinds. EWBC primarily emphasizes an organic growth strategy that is evident from the company's net interest income (NII) growth, which is the primary source of its revenues. While the metric dipped in 2020 on account of a tough operating backdrop, the same experienced a 12% compound ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 000-24939 EAST WEST BANCORP, INC. (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation ...

Shares of East West Bancorp, Inc. (EWBC) gained 2.92% in after-market trading following the release of better-than-expected first-quarter 2024 results. Adjusted earnings per share of $2.08 surpassed the Zacks Consensus Estimate of $2.00. However, the bottom line declined 10.3% from the prior-year quarter.Results were primarily aided by an increase in non-interest income. Also, deposit balances increased sequentially in the quarter. However, lower net interest income (NII) and higher expenses and provisions ...

Adrienne Atkinson - Director of IR Dominic Ng - Chairman and CEO Christopher Del Moral-Niles - CFO Irene Oh - CRO Good day. Welcome to the East West Bancorp's First Quarter 2024 Earnings Call. [Operator Instructions] Please note, this event is being recorded. Management may make projections or other forward-looking statements, which may differ materially from the actual results due to a number of risks and uncertainties. Management may discuss non-GAAP financial measures. For a more detailed description of ...

For the quarter ended March 2024, East West Bancorp (EWBC) reported revenue of $644.13 million, down 2.4% over the same period last year. EPS came in at $2.08, compared to $2.32 in the year-ago quarter.The reported revenue represents a surprise of +0.84% over the Zacks Consensus Estimate of $638.75 million. With the consensus EPS estimate being $2.00, the EPS surprise was +4.00%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall S ...

East West Bancorp (EWBC) came out with quarterly earnings of $2.08 per share, beating the Zacks Consensus Estimate of $2 per share. This compares to earnings of $2.32 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4%. A quarter ago, it was expected that this bank holding company would post earnings of $1.89 per share when it actually produced earnings of $2.02, delivering a surprise of 6.88%.Over the last four quarters, the c ...

East West Bancorp, Inc. 135 N. Los Robles Ave., 7th Fl. Pasadena, CA 91101 Tel. 626.768.6000 NEWS RELEASE FOR INVESTOR INQUIRIES, CONTACT: Christopher Del Moral-Niles, CFA Adrienne Atkinson Chief Financial Officer Director of Investor Relations T: (626) 768-6860 T: (626) 788-7536 E: chris.delmoralniles@eastwestbank.com E: adrienne.atkinson@eastwestbank.com EAST WEST BANCORP REPORTS NET INCOME FOR FIRST QUARTER OF 2024 OF $285 MILLION AND DILUTED EARNINGS PER SHARE OF $2.03 Pasadena, California – April 23, 2 ...