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. (Nasdaq: EWBC), parent of East West Bank, regularly issues news and updates related to its commercial banking operations in the United States and Asia. Company releases highlight financial results, investor events, strategic relationships, and industry recognition, providing context for how the bank manages growth, capital, and risk in the commercial banking sector.
Recent news has included quarterly earnings announcements reporting record revenue, net interest income, and fee income, as well as growth in loans and deposits. These releases often discuss measures such as return on average assets, return on average common equity, tangible common equity ratios, and book value per share. East West also announces the dates and details of its earnings conference calls and webcasts, where management discusses results and operating developments.
East West Bancorp’s news flow also covers participation in major financial services conferences hosted by firms such as Barclays, Wells Fargo, Morgan Stanley, Bank of America, and KBW. In these events, management meets with investors and discusses the company’s business, performance, and strategy. Other announcements describe partnerships and financing arrangements involving East West Bank, such as roles in syndicated facilities and relationships that support clients in sectors like specialty finance and energy-related projects.
In addition, East West has reported recognition in industry rankings, including being named the No. 1 performing bank in Bank Director’s RankingBanking study for large banks. For investors and observers, the EWBC news stream offers insight into the company’s financial performance, capital position, geographic footprint, and engagement with clients and capital markets. This page aggregates those updates so readers can follow East West Bancorp’s key announcements over time.
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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.
East West Bancorp, Inc. (NASDAQ: EWBC) has been recognized as the best performing public bank in the U.S. for 2022 by S&P Global Market Intelligence. The ranking assesses public banks with over $10 billion in assets based on key metrics such as returns, growth, and efficiency. East West's strong capital and liquidity have contributed to its leading profitability. As the bank marks its 50th anniversary in 2023, Chairman and CEO Dominic Ng expressed gratitude to over 500,000 customers for their trust. The Company's assets total approximately $64.1 billion and it operates over 120 locations nationally and in Asia.
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.