East West Bancorp Inc - EWBC STOCK NEWS

East West Bancorp (EWBC) reported strong Q1 2025 financial results with net income of $290 million, or $2.08 per diluted share. The bank achieved record levels in loans, revenue, and fee income, with a return on average tangible common equity of 15.9%.

Key highlights include:

• Total revenue (FTE) reached $693 million, up 2% quarter-over-quarter
• Net interest margin expanded by 11 basis points, generating over $600 million in net interest income
• Fee income grew 8% quarter-over-quarter
• Book value per share increased 3% quarter-over-quarter and 14% year-over-year
• Credit performance improved with net charge-offs of $15 million (12 basis points of total loans)
• Allowance for loan losses maintained at 1.35% of loans

Pasadena Private Lending (PPL) has secured significant financing through two key transactions: a new $50 million secured term loan with SLR Capital Partners and an amended $75 million Senior Credit Facility with East West Bank (EWBC). The EWBC facility, extended to July 2028, includes an increased advance rate from 65% to 70%.

The combined capital injection will enable PPL to expand its portfolio in the Owner-Guaranteed Business Loan market, capitalizing on current economic conditions where lower-middle market companies seek floating-rate credit from non-bank lenders. East West Bank, PPL's senior lender since 2021, has demonstrated strong growth in the specialty finance space.

Kilo Fund Management announced the extension of its $50 million asset-backed senior secured revolving credit facility (ABL). The renewed facility, led by East West Bank, extends the maturity date to December 13, 2028, enhancing Kilo's ability to provide commodity finance solutions to North American middle-market companies.

The company, backed by Cordillera Investment Partners, launched a dedicated platform in 2019 for metal financing solutions to U.S. businesses. The facility supports Kilo's continued growth in providing financing for metals, food and agricultural commodities, and energy inventories. The extension builds on the company's five-year track record and positions it for further expansion with potential additional lenders.

East West Bancorp (EWBC) reported record financial results for 2024, with full-year net income reaching $1.2 billion, or $8.33 per diluted share. Fourth quarter 2024 net income was $293 million ($2.10 per diluted share). The company achieved strong performance metrics, including a 1.60% return on average assets and 15.9% return on average common equity.

Key highlights include deposit growth of over $7 billion and a 12% increase in fee income year-over-year, driven by wealth management, lending, and deposit account fees. Book value per share grew 12% year-over-year to $55.79. The company announced a $300 million share repurchase authorization and a 9% increase in common stock dividend.

Total revenue (FTE) for 2024 was $2,619 million, slightly up from $2,609 million in 2023. Total assets increased 9% to $75,976 million.

East West Bancorp (EWBC) has announced its upcoming earnings call schedule for Q4 2024 and Q1 2025. The Q4 and full-year 2024 results will be released on January 23, 2025, followed by a conference call at 2 p.m. PT/5 p.m. ET. The Q1 2025 earnings will be released on April 22, 2025, with a call scheduled for the same time.

The company will also participate in the Bank of America 2025 Financial Services Conference on February 11th, 2025, at 2:40 p.m. ET in Miami, Florida. Financial results will be available on the company's Investor Relations website, with conference calls accessible via phone (877-506-6399 for US/Canada, 412-902-6699 for international).

Convergent Energy and Power has secured a programmatic tax equity financing deal with East West Bank to support its energy storage portfolios in New York and Maryland, as well as its broader 2025 North American portfolio. The funding will help provide cost-effective and sustainable electricity to over 8,000 customers. The company currently has over 800 MW / 1 GWh of energy storage and solar-plus-storage systems operating or under development, with over $1bn invested or committed to systems.

East West Bancorp reported strong financial results for the third quarter of 2024. Net income reached $299 million, or $2.14 per diluted share. The company achieved a return on average assets of 1.62% and a return on average common equity of 16.0%. Book value per share grew 6% quarter-over-quarter and 19% year-over-year.

Key highlights include:

• Revenue increased 3% to $657 million
• Pre-tax, pre-provision income grew 7% to $432 million
• Return on average tangible common equity was 17.08%
• Total assets rose 3% to $74,484 million

The company reported balanced growth in consumer and business banking deposits, along with diversification of its loan portfolio. Net interest income and fee income both showed significant acceleration, demonstrating the strength of East West's business model.

East West Bank, the largest publicly traded bank in Southern California, celebrated its 25th anniversary on the Nasdaq stock exchange. Chairman and CEO Dominic Ng rang the opening bell to mark this milestone. Under Ng's leadership, East West has grown from a $600 million savings and loan association to a global commercial bank with over $72 billion in assets.

The Bank has been recognized as the #1 top performing bank in its asset size by Bank Director for two consecutive years. East West's Nasdaq listing was important for public involvement and employee ownership. The Bank's 'Spirit of Ownership' program grants stock distributions to all employees annually at Lunar New Year.

Founded in 1973 to serve underserved communities, East West Bank has evolved into a global institution bridging the U.S. and Asia. It provides expertise in various sectors, including media, entertainment, private equity, infrastructure, healthcare, clean energy, technology, manufacturing, and commercial real estate.

East West Bancorp (Nasdaq: EWBC) has announced its participation in the Barclays 22nd Annual Global Financial Services Conference. Chairman and CEO Dominic Ng, along with CFO Christopher Del Moral-Niles, will deliver remarks during a fireside chat on September 9th, 2024, at 11:15 a.m. Eastern Time in New York.

The executives will also meet with investors to discuss East West's business, performance, and strategy. This event provides an opportunity for the company to showcase its financial position and future plans to a global audience of financial services professionals and investors.