East West Bancorp (EWBC) Stock Dips Despite Q4 Earnings Beat

East West Bancorp’s (EWBC) fourth-quarter 2023 adjusted earnings per share of $2.02 surpassed the Zacks Consensus Estimate of$1.89. However, the bottom line declined 14.8% from the prior-year quarter.Including FDIC special assessment-related expenses and gain on the sale of an available-for-sale debt security, earnings per share were $1.69.Results were primarily aided by an increase in non-interest income. Also, loan balances increased sequentially in the quarter, which was a positive. However, lower net i ...