分组1 - East West Bancorp reported quarterly earnings of $2.09 per share, exceeding the Zacks Consensus Estimate of $2.05 per share, and showing an increase from $2.02 per share a year ago, representing an earnings surprise of 1.95% [1] - The company achieved revenues of $657.48 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 2.44%, and up from $647.57 million year-over-year [1] - Over the last four quarters, East West Bancorp has consistently surpassed consensus EPS and revenue estimates [1] 分组2 - The stock has gained approximately 23.8% since the beginning of the year, outperforming the S&P 500's gain of 22.7% [2] - The current consensus EPS estimate for the upcoming quarter is $2.02 on revenues of $636.43 million, while for the current fiscal year, the estimate is $8.21 on revenues of $2.56 billion [4] - The Zacks Industry Rank for Banks - West is currently in the bottom 38% of over 250 Zacks industries, indicating potential challenges for stock performance [5]

Financial Performance - Third quarter 2024 net income was $299 million, or $2.14 per diluted share, representing a 4% increase quarter-over-quarter[2] - Net income for the quarter was $299 million, reflecting a 3.8% increase from the previous quarter and a 4.0% increase year-over-year[26] - Earnings per share (EPS) increased to $2.16, a 4.1% rise from the previous quarter and a 6.1% rise year-over-year[26] - Adjusted net income for the nine months ended September 30, 2024, was $870,948 thousand, compared to $928,078 thousand for the same period in 2023[57] Assets and Liabilities - Total assets increased to $74.5 billion, up $2.0 billion or 3% from the previous quarter, and grew $6.2 billion or 9% year-over-year[4] - Total assets of East West Bancorp, Inc. reached $74.5 billion as of September 30, 2024, reflecting a year-over-year increase of 9.1%[22] - The total assets of the company amounted to $73,268,158, up from $71,189,200[33] - Total liabilities and stockholders' equity stood at $73,268,158, reflecting a growth from $68,936,786[35] Loans and Deposits - Total loans reached $53.3 billion, an increase of $0.5 billion or 1% from the second quarter, with a year-over-year growth of $2.3 billion or 5%[5] - Total deposits were $61.7 billion, reflecting a $1.7 billion or 3% increase from the previous quarter, and a $6.6 billion increase year-over-year[5] - Total loans increased by 1.0% to $52,420,516 compared to $51,918,788 in the previous year[31] - Total deposits grew by 3.2% to $60,585,256 from $58,680,799 year-over-year[31] Income and Expenses - Net interest income totaled $573 million, up 4% from $553 million in the second quarter, with a net interest margin of 3.24%[7] - Noninterest income remained stable at $85 million, with fee income increasing by 6% to $81 million[8] - Total noninterest expense was $226 million, with operating noninterest expense consistent at $221 million[9] - Total noninterest expense decreased by 4.3% quarter-over-quarter to $226 million, and decreased by 10.3% year-over-year[26] Capital and Ratios - The common equity tier 1 capital ratio increased to 14.08%, exceeding regulatory requirements[6] - The efficiency ratio improved to 34.4%, down from 37.0% in the previous quarter[9] - The efficiency ratio improved to 34.38%, a decrease from 38.89% year-over-year, showcasing better cost management[39] - The total stockholders' equity to assets ratio was 10.29%, up 63 basis points year-over-year[22] Credit Quality - Provision for credit losses was $42 million, representing a 13.5% increase from the previous quarter[26] - The allowance for loan losses was reported at $(691,399)[33] - The allowance for loan losses increased from $670,280,000 on March 31, 2024, to $696,485,000 by September 30, 2024, reflecting a proactive approach to credit risk management[43] - Nonperforming assets totaled $195,466 thousand as of September 30, 2024, slightly down from $196,282 thousand at June 30, 2024, and significantly up from $103,700 thousand at September 30, 2023[52] Shareholder Returns - A cash dividend of $0.55 per share was declared for the fourth quarter of 2024, payable on November 15, 2024[13] - Tangible book value per share increased to $51.90 as of September 30, 2024, from $48.65 in the previous quarter[59] - Total stockholders' equity increased to $7,664,539 thousand as of September 30, 2024, compared to $7,215,114 thousand in the previous quarter[59]

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 ...

Core Viewpoint - Wall Street anticipates a year-over-year increase in earnings for East West Bancorp (EWBC) despite lower revenues, with a focus on how actual results compare to estimates impacting stock price [1][2]. Earnings Expectations - The earnings report is expected on October 22, 2024, with an anticipated EPS of $2.05, reflecting a +1.5% change year-over-year, while revenues are projected at $641.8 million, down 0.9% from the previous year [3][2]. Estimate Revisions - The consensus EPS estimate has been revised 1.06% lower in the last 30 days, indicating a reassessment by analysts [4]. - The Most Accurate Estimate for East West Bancorp is higher than the Zacks Consensus Estimate, resulting in a positive Earnings ESP of +0.10% [10]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive Earnings ESP reading is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1, 2, or 3 [8][9]. - East West Bancorp holds a Zacks Rank of 3, indicating a likelihood of beating the consensus EPS estimate [10]. Historical Performance - In the last reported quarter, East West Bancorp exceeded the expected EPS of $1.97 by delivering $2.07, resulting in a surprise of +5.08% [11]. - The company has beaten consensus EPS estimates in each of the last four quarters [12]. Conclusion - East West Bancorp is viewed as a compelling candidate for an earnings beat, but investors should consider other factors influencing stock performance ahead of the earnings release [15].

Core Viewpoint - East West Bancorp (EWBC) is currently rated with a Momentum Style Score of A, indicating strong potential for momentum investing [2][11]. Company Performance - EWBC shares have increased by 4.74% over the past week, while the Zacks Banks - West industry has risen by 6.65% during the same period [6]. - Over the past month, EWBC's price change is 21.32%, outperforming the industry's 17.8% [6]. - In the last quarter, EWBC shares rose by 15.66%, and over the past year, they have increased by 42.03%, compared to the S&P 500's gains of 7.34% and 19.81%, respectively [7]. Trading Volume - The average 20-day trading volume for EWBC is 936,419 shares, which serves as a bullish indicator when combined with rising stock prices [8]. Earnings Estimates - In the last two months, 6 earnings estimates for EWBC have been revised upwards, while only 1 has been revised downwards, leading to an increase in the consensus estimate from $8.03 to $8.12 [10]. - For the next fiscal year, 7 estimates have moved higher, with 1 downward revision [10]. Investment Recommendation - Given the strong performance metrics and positive earnings outlook, EWBC is classified as a 2 (Buy) stock with a Momentum Score of A, making it a recommended pick for investors seeking short-term gains [11].

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].