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East West Bancorp Earns Top Spot in 2023 Bank Director Performance Ranking
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East West Bancorp, Inc. (EWBC) earns No. 1 Performing Bank ranking in Bank Director’s 2023 RankingBanking study for banks with $50 billion and above assets. Factors include profitability, return on equity, return on assets, tangible common equity, stock price appreciation, and dividend rate. The company has been consistently recognized for its strong performance in previous years as well.
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East West Bancorp has been consistently recognized for its strong performance, indicating a track record of success and stability.
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PASADENA, Calif.--(BUSINESS WIRE)--
East West Bancorp, Inc. (“East West” or the “Company”) (Nasdaq: EWBC), parent company of East West Bank, earned the No. 1 Performing Bank ranking in Bank Director’s 2023 RankingBanking study in the $50 billion and above asset category.
(Graphic: Business Wire)
East West Bancorp earned both rankings based on several factors including profitability, return on equity, return on assets, tangible common equity, stock price appreciation and dividend rate.
Bank Director, an information resource for the banking industry that reaches more than 24,000 U.S. bank executives and board members, has recognized East West Bancorp’s strong performance in previous years as well. East West Bancorp received the Best Board designation in its 2022 RankingBanking study and its No. 1 Performing Bank ranking for banks in the $50 billion and above asset category in the 2021 Bank Performance Scorecard.
“As we celebrate East West Bank’s 50th anniversary this year, we are honored to be recognized as a leading bank in not one, but two of Bank Director’s prestigious national rankings,” stated Dominic Ng, Chairman and Chief Executive Officer of East West Bancorp. “These recognitions underscore our ability to execute and perform, consistently, year after year. In turn, our strong balance sheet and financial performance allow us to continue to help our customers reach further.”
Bank Director’s RankingBanking evaluates the performance of the 300 largest publicly traded banks in the United States examining the balance between growth and profitability and the ability to deliver long-term shareholder value, in a safe and sound manner. Bank Director also evaluates leadership, board oversight and tech innovation as part of bank performance. Data used in the analysis is based on calendar year 2022 results.
“We’re proud of our operating performance that allows us to serve the long-term interests of our customers and shareholders,” stated Irene Oh, Chief Financial Officer of East West Bancorp. “This recognition from Bank Director acknowledges the strength, commitment and expertise of our 3,200 associates.”
About East West Bank
East West provides financial services that help customers reach further and connect to new opportunities. East West Bancorp, Inc. is a public company (Nasdaq: “EWBC”) with total assets of $68.5 billion. The Company’s wholly-owned subsidiary, East West Bank, is the largest independent bank headquartered in Southern California, and operates over 120 locations in the United States and Asia. The Bank’s markets in the United States include California, Georgia, Illinois, Massachusetts, Nevada, New York, Texas, and Washington. For more information on East West, visit www.eastwestbank.com.
east west bancorp is a publicly owned company with $31.1 billion in assets and is traded on the nasdaq global select market under the symbol “ewbc”. the company’s wholly owned subsidiary, east west bank, is one of the largest independent banks headquartered in california. east west is a premier bank focused exclusively on the united states and greater china markets and operates over 130 locations on both sides of the pacific, including in the united states markets of california, georgia, nevada, new york, massachusetts, texas and washington. in greater china, east west’s presence includes full service branches in hong kong, shanghai, shantou and shenzhen, and representative offices in beijing, chongqing, guangzhou, taipei and xiamen. east west bank is one of the 25 largest public banks in the united states ranked by market capitalization. it was named in the top 15 of the “100 best banks in america” by forbes for five consecutive years from 2010 to 2014. as the premier ‘financial b
