East West Bancorp Inc Stock Price, News & Analysis

East West Bancorp (Nasdaq: EWBC) has announced its NIL sponsorship of top-ranked amateur golfer Rose Zhang, emphasizing its commitment to supporting Asian American athletes. Zhang, a standout from Stanford University, boasts several impressive accolades, including winning the 2022 NCAA Championship and the 2020 U.S. Women’s Amateur. This partnership aims to inspire the next generation of athletes. The bank, established in 1973, operates over 120 locations across the U.S. and Asia, acting as a cultural and financial bridge.

East West Bancorp, Inc. (EWBC) has released an unaudited financial update, emphasizing its diversified business model, conservative balance sheet management, and strong liquidity. As of March 10, 2023, total deposits stood at $55.3 billion, with consumer deposits up 3% year-to-date. The company reported robust capital ratios, including a tangible common equity ratio of 8.7%, significantly higher than industry medians. Additionally, its availability of unused borrowing capacity was $28 billion as of March 13, 2023, constituting over 50% of total deposits. Asset quality remains stable with non-performing assets at 16 basis points of total assets.

East West Bancorp (Nasdaq: EWBC) reported a record net income of $1.1 billion for the full year 2022, marking a 30% increase year-over-year. The fourth quarter also showed robust growth, with net income rising 56% to $336.8 million. Total loans hit a record $48.2 billion, up 16% year-over-year, while total deposits grew to $56.0 billion, a 5% increase. The company announced a 20% dividend increase, bringing the quarterly dividend to $0.48 per share. Strong financial metrics include a 2.1% return on average assets and a 25.0% return on average tangible equity. The balance sheet remains solid with total assets of $64.1 billion.

East West Bancorp, Inc. (NASDAQ: EWBC) will release its financial results for Q4 and FY 2022 on January 26, 2023. Management will host a conference call at 8:30 A.M. PT to discuss these results. The call can be accessed by dialing (877) 506-6399 for U.S. participants. Additionally, the company updated its fourth quarter tax credit amortization to $65 million and an effective tax rate of 13%, with a full-year rate of 20%. The firm operates over 120 locations in the U.S. and China, boasting total assets of $62.6 billion.

East West Bancorp (EWBC) reported robust third quarter 2022 results, achieving net income of $295.3 million, or $2.08 per diluted share, reflecting a 58% increase linked quarter annualized and 32% year-over-year. Net interest income reached a record $552 million, up 66% linked quarter annualized, with a net interest margin of 3.68%. Total loans grew to $47.5 billion, rising 8% linked quarter annualized. The Company maintained strong capital levels, with a common equity tier 1 ratio of 12.3% and solid asset quality metrics. A fourth quarter dividend of $0.40 per share was also declared.

East West Bancorp, Inc. (EWBC) is set to release its third quarter 2022 financial results on October 20, 2022, before the market opens. A conference call for discussing these results will occur at 8:30 A.M. PT the same day, inviting both public and investors to participate. The company, with $62.4 billion in total assets, is the largest independent bank in Southern California, operating over 120 locations across the U.S. and Greater China. Further details can be found on their Investor Relations page.

East West Bancorp reported a strong Q2 2022, with net income of $258.3 million or $1.81 per diluted share, marking a 38% increase quarter-over-quarter and 15% year-over-year. Total revenue rose to $551 million, an increase of 45% linked quarter annualized, driven by record net interest income of $473 million, up 55%. The bank's total loans reached $46.5 billion, up 28% annualized, and net interest margin improved to 3.23%. Strong capital levels were maintained, with a CET1 ratio of 12.0%.

East West Bancorp, Inc. (Nasdaq: EWBC) will release its second quarter 2022 financial results on July 21, 2022, before market opening. A conference call to discuss these results will occur the same day at 8:30 A.M. Pacific Time, inviting the public and investors to join in. The company, with total assets of $62.2 billion, operates as the largest independent bank in Southern California and has a significant presence in Greater China. For detailed information, visit the investor relations page at www.eastwestbank.com/investors.

East West Bank has reaffirmed its commitment to the Asian American and Pacific Islander (AAPI) community by pledging over $6 million to support key nonprofits and initiatives during the AAPI Heritage Month. This follows a previous commitment of $25 million made in 2021 to the AAPI Giving Challenge. The funding will aid organizations focused on equality and justice within the AAPI community, including initiatives such as the STAATUS Index. East West Bank highlights its long-standing role in promoting inclusion.