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 reported strong financial results for Q1 2023, with net income at $322.4 million or $2.27 per diluted share, up 37% year-over-year. Total loans hit a record $48.9 billion, marking a 12% increase from the previous year. The bank's net interest margin stood at 3.96% and asset quality remained excellent, with net charge-offs at 0.01% annualized. Despite a 2% decline in total deposits to $54.7 billion, the bank maintained a solid capital position, with a total capital ratio of 14.5%. The board declared a cash dividend of $0.48 per share, payable on May 15, 2023. The results indicate East West's resilience in a challenging banking environment.
Hope Bancorp, Inc. has appointed Julianna Balicka as the new Executive Vice President and Chief Financial Officer, effective immediately. She succeeds David P. Malone, who served as the Interim CFO since January 6, 2023 and will assist in the transition until April 30, 2023. Balicka brings extensive experience from her previous role as Senior Vice President at East West Bank, overseeing investor relations and corporate finance. Her background includes significant involvement with ethnic banking, making her a valuable addition to Hope Bancorp as it navigates current market challenges. The company, the only super regional Korean American bank in the U.S., has total assets of $19.2 billion as of December 31, 2022, and operates 53 branches across multiple states.
East West Bancorp, Inc. (NASDAQ: EWBC) will release its first quarter 2023 financial results on April 20, 2023, before market opening. An accompanying conference call will be held at 8:30 A.M. PT on the same day, where management will discuss the financial results and operating developments. Investors can access the call through various dial-in numbers provided for the U.S., Canada, and international participants. Replay details will also be available after the call until May 20, 2023. East West Bancorp has total assets of $64.1 billion and operates over 120 locations in the U.S. and Asia.
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