Core Viewpoint - East West Bancorp (EWBC) has consistently surpassed earnings estimates and is well-positioned for future earnings growth, making it a strong candidate for investors [1][2]. Earnings Performance - East West Bancorp has recorded an average earnings surprise of 4.54% over the last two quarters, with the most recent earnings of $2.07 per share exceeding the Zacks Consensus Estimate of $1.97 per share by 5.08% [1]. - In the previous quarter, the company reported earnings of $2.08 per share against an expectation of $2 per share, resulting in a surprise of 4% [1]. Earnings Estimates and Predictions - There has been a favorable change in earnings estimates for East West Bancorp, with a positive Zacks Earnings ESP (Expected Surprise Prediction) indicating a strong likelihood of an earnings beat [2]. - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have historically produced a positive surprise nearly 70% of the time [2]. Earnings ESP Metric - East West Bancorp currently has an Earnings ESP of +0.10%, suggesting analysts are optimistic about its near-term earnings potential [3]. - The next earnings report for East West Bancorp is expected to be released on October 22, 2024 [3]. Importance of Earnings ESP - The Earnings ESP metric is crucial for predicting earnings performance, as a negative value can reduce its predictive power, but does not necessarily indicate an earnings miss [3][4]. - Utilizing the Earnings ESP Filter can help identify the best stocks to buy or sell prior to earnings reports [4].

Wall Street analysts forecast that East West Bancorp (EWBC) will report quarterly earnings of $2.05 per share in its upcoming release, pointing to a year-over-year increase of 1.5%. It is anticipated that revenues will amount to $641.8 million, exhibiting a decline of 0.9% compared to the year-ago quarter. Over the last 30 days, there has been a downward revision of 1.1% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsiderat ...

Wall Street expects a year-over-year increase in earnings on lower revenues when East West Bancorp (EWBC) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on October 22, 2024, might help the stock move higher if these key numbers are bette ...

While many investors like to look for momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us. Below, we take a look at East West Bancorp (EWBC) , a company that currently holds a Momentum Style Score of A. We also talk about price change and earnings estimate revisions, two of th ...

July 23, 2024 Forward-Looking Statements and Additional Information Basis of Presentation Certain financial information in this presentation has not been prepared in accordance with GAAP and is presented on a non-GAAP basis. Investors should refer to the reconciliations included in this presentation and should consider the Company's non-GAAP measures in addition to, not as a substitute for or superior to, measures prepared in accordance with GAAP. These measures may not be comparable to similarly titled mea ...

For the quarter ended June 2024, East West Bancorp (EWBC) reported revenue of $637.9 million, down 1.2% over the same period last year. EPS came in at $2.07, compared to $2.20 in the year-ago quarter. Here is how East West Bancorp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some ...

East West Bancorp (EWBC) came out with quarterly earnings of $2.07 per share, beating the Zacks Consensus Estimate of $1.97 per share. This compares to earnings of $2.20 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 5.08%. A quarter ago, it was expected that this bank holding company would post earnings of $2 per share when it actually produced earnings of $2.08, delivering a surprise of 4%. Over the last four quarters, the ...

Financial Performance - Net income for the second quarter of 2024 was $288 million, or $2.06 per diluted share, both up 1% quarter-over-quarter[10]. - Net income for Q2 2024 was $288,230, reflecting a 7.6% decline from $312,031 in Q2 2023[46]. - For the first half of 2024, net income was $573,305, a 9.6% decrease from $634,470 in the first half of 2023[47]. - Adjusted net income for the same period was $289,554,000, down from $292,334,000 in the prior quarter[84]. - Total revenue for the three months ended June 30, 2024, was $637,902, down 1.8% from $644,127 in the previous quarter and down 1.5% from $645,377 in the same quarter last year[79]. Asset and Loan Growth - Total assets increased to $72.5 billion as of June 30, 2024, up $1.6 billion from March 31, 2024, and up $3.9 billion, or 6%, year-over-year[8]. - Total loans reached $52.8 billion as of June 30, 2024, an increase of $0.8 billion from the previous quarter and up $3.0 billion, or 6%, year-over-year[21]. - Total loans increased by 6.3% year-over-year to $51.92 billion as of June 30, 2024, compared to $48.85 billion a year earlier[48]. - Total loans outstanding reached $51.922 billion, with commercial and industrial loans at $16.231 billion and commercial real estate loans at $20.342 billion[65]. Deposit Growth - Total deposits were $60.0 billion as of June 30, 2024, reflecting a $1.4 billion, or 2%, increase from March 31, 2024[22]. - Total deposits rose to $59.99 billion, reflecting a 2.5% increase from the previous quarter and a 7.8% increase year-over-year[36]. - The company reported a total of $7,581 million in checking deposits, reflecting an increase from $7,470 million in the previous year[65]. Capital and Ratios - The common equity tier 1 capital ratio increased to 13.74% as of June 30, 2024, indicating strong capital levels[9]. - The total capital ratio improved to 15.05%, compared to 14.84% in the previous quarter and 14.60% year-over-year[41]. - The efficiency ratio improved to 37.1% in the second quarter, compared to 38.3% in the first quarter[25]. - The efficiency ratio for the three months ended June 30, 2024, improved to 37.06%, compared to 38.33% in the previous quarter and 40.56% in the same quarter last year[79]. Interest Income and Expenses - Interest and dividend income for Q2 2024 reached $1,034,414, a 14.2% increase year-over-year from $906,134 in Q2 2023[46]. - Interest expense rose significantly by 41.8% year-over-year to $481,185 from $339,388[46]. - Net interest income after provision for credit losses decreased by 4.5% year-over-year to $516,229 from $540,746[46]. - The net interest margin was 3.27% for the quarter, compared to 3.34% in the previous quarter[51]. Credit Quality - The criticized loans ratio decreased to 2.05% of loans held-for-investment as of June 30, 2024, down from 2.30% in the previous quarter[26]. - The allowance for loan losses increased to $684 million, or 1.30% of loans held-for-investment, as of June 30, 2024[26]. - Total criticized loans as of June 30, 2024, were $1,080,243,000, down from $1,195,058,000 in the previous quarter[88]. - Total nonperforming assets as of June 30, 2024, were $196,282,000, an increase from $164,871,000 in the previous quarter[88]. Shareholder Actions - The company declared a cash dividend of $0.55 per share, payable on August 16, 2024[42]. - Approximately 560 thousand shares of common stock were repurchased for $41 million during Q2 2024, with $49 million remaining in the share repurchase authorization[42]. Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to enhance service delivery[60]. - The company will host a conference call on July 23, 2024, to discuss Q2 2024 earnings and operating developments[43].

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 ...

Core Insights - East West Bancorp (EWBC) has consistently beaten earnings estimates, with an average surprise of 5.44% over the last two quarters [1][5]. Earnings Performance - For the last reported quarter, East West Bancorp achieved earnings of $2.08 per share, surpassing the Zacks Consensus Estimate of $2 per share, resulting in a 4% surprise [5]. - In the previous quarter, the company was expected to report earnings of $1.89 per share but delivered $2.02 per share, yielding a surprise of 6.88% [5]. Earnings Estimates - Recent estimates for East West Bancorp have been trending upward, with a positive Earnings ESP (Expected Surprise Prediction) indicating a strong potential for an earnings beat [6][8]. - The current Earnings ESP for East West Bancorp is +1.21%, suggesting that analysts are optimistic about the company's earnings prospects [8]. Zacks Rank and Predictive Power - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) suggests a high likelihood of another earnings beat, with historical data indicating that nearly 70% of stocks with this combination produce a positive surprise [7][8].