East West Bancorp, Inc. (EWBC) Presents At Barclays 23rd Annual Global Financial Services Conference Transcript
Core Insights - The company has experienced significant deposit growth, leading to a positive trend in core deposits [1] - The increase in deposits has provided the company with the flexibility to accelerate investments and lending, positively impacting Net Interest Income (NII) [1] - The guidance for NII has been raised from a year-over-year increase of over 7% to a trend towards 10% [2] Financial Performance - Last year's NII was reported at $2.279 billion, with the current trend indicating a potential increase to $2.5 billion on a core run rate basis [2] - The company has observed positive balances in deposits and successful loan disbursements in July and August, contributing to the improved NII outlook [2]