Welcome to our dedicated page for East West Bancorp news (Ticker: EWBC), a resource for investors and traders seeking the latest updates and insights on East West Bancorp stock.
East West Bancorp Inc (EWBC), a leading financial institution bridging US and Greater China markets, maintains this dedicated news hub for investors and stakeholders. Access official press releases and curated financial updates covering earnings announcements, regulatory developments, and strategic initiatives.
This resource provides timely insights into EWBC's commercial banking activities, cross-border financial services, and market expansions. Users will find verified information on quarterly earnings, regulatory filings, leadership updates, and strategic partnerships – all essential for informed financial analysis.
Content is organized to serve both casual observers and professional analysts, with clear dating and sourcing for all materials. Regular updates ensure stakeholders stay current with the bank's operational developments in consumer banking, treasury management, and international financial services.
Bookmark this page for direct access to EWBC's financial communications, or check back regularly for the latest updates impacting one of California's largest independent banks. All content undergoes strict verification to maintain compliance with financial disclosure standards.
East West Bancorp (EWBC) reported strong financial results for Q2 2024, with net income of $288 million and diluted EPS of $2.06. The company demonstrated solid performance with a return on average assets of 1.63% and return on average common equity of 16.4%. Notable achievements include:
- 2% quarter-over-quarter growth in both total loans and deposits
- 8% increase in record fee income
- 3% quarter-over-quarter and 14% year-over-year growth in book value per share
- Stable net charge-offs at 0.18% of average loans
- 10% decrease in criticized loans
East West was recognized as the best performing bank above $50 billion in assets by Bank Director for the second consecutive year, highlighting its industry-leading profitability and conservative balance sheet management.
East West Bancorp, Inc. has announced the dates for their 2024 second and third quarter earnings calls, giving investors insights into the company's financial performance. The calls are scheduled for July 23 and October 22, 2024, respectively.
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